AF CONTRACTING FINAL PAPER SOLVED
QUESTIONS WITH FULL PRACTICE
SOLUTION
●● *Source Selection*
2016 DoD Source Selection Manual, 1.4.1.2
(2016-05-31)
Q: What are the SSA responsibilities?
Answer: 1. Proper and efficient conduct of SS process.
2. Appoint respective chairpersons.
3. Establish SS team and ensure their knowledge of policy/procedure.
4. Ensure pace is event and not schedule driven (realistic SS schedule).
●● *Financing*
FAR 32.106
(2016-05-31)
,Q: Name the different types of government financing in order of their
preference
Answer: 1. Private financing (most preferred).
2. Performance based payments.
3. Customary progress payments.
4. Guaranteed loans.
5. Unusual progress payments.
6. Advance payments (least preferred).
●● *Acquisition Strategy Panel (ASP)*
AFFARS 5307.104-92; AFICA MP 5307.104-92
(2016-05-31)
Q: Who prepares the ASP minutes, when are they prepared and who
approves them?
*AIR FORCE ONLY*
,Answer: Program manager, CO or Commodity Council Director
prepares following the conclusion of the ASP briefing, and approved by
the ASP chairperson.
●● *Cost Analysis*
FAR 15.404-1 (c)
(2016-05-31)
Q: What is cost analysis?
Answer: Review and evaluation of separate elements and profit of
contractor's proposal. The application of judgment to determine how
well proposed costs represent what the cost of the contract should be
assuming reasonable economy and efficiency. Techniques include
verification of cost or pricing data and evaluation of cost elements;
projection of offeror's cost trends based on current/historical cost/pricing
data; audit and negotiated indirect cost, labor and COM rates.
●● *IDIQ*
FAR 16.504 (a)
(2016-05-31)
Q: How does the PCO compute the minimum and maximum quantity on
an IDIQ contract?
Answer: 1. Minimum-Should be more than a nominal quantity but
should not exceed amount the Government is fairly certain to order.
, 2. Maximum - A reasonable max should be established by conducting
market research trends on recent contracts for similar supply/svcs,
survey of potential users, other rational basis.
●● *Estimating Systems*
FAR 15.407-5
(2016-05-31)
Q: Define estimating system and cost reimbursement.
Answer: Estimating system is contractor's policies/procedures/practices
for generating estimates. Includes organizational structure, internal
controls, and managerial reviews, work flow, est methods, techniques,
accumulation of historical costs and other analysis. Cost reimbursement
- Contractor's ability to accurately and reliable estimate costs could lead
to cost overruns and increased risk for the Government.
●● *Defective Pricing*
FAR 15.407-1
(2016-05-31)
Q: What are six conditions which must exist to have defective pricing?
Answer: 1. Information fits the definition of cost and pricing data.
QUESTIONS WITH FULL PRACTICE
SOLUTION
●● *Source Selection*
2016 DoD Source Selection Manual, 1.4.1.2
(2016-05-31)
Q: What are the SSA responsibilities?
Answer: 1. Proper and efficient conduct of SS process.
2. Appoint respective chairpersons.
3. Establish SS team and ensure their knowledge of policy/procedure.
4. Ensure pace is event and not schedule driven (realistic SS schedule).
●● *Financing*
FAR 32.106
(2016-05-31)
,Q: Name the different types of government financing in order of their
preference
Answer: 1. Private financing (most preferred).
2. Performance based payments.
3. Customary progress payments.
4. Guaranteed loans.
5. Unusual progress payments.
6. Advance payments (least preferred).
●● *Acquisition Strategy Panel (ASP)*
AFFARS 5307.104-92; AFICA MP 5307.104-92
(2016-05-31)
Q: Who prepares the ASP minutes, when are they prepared and who
approves them?
*AIR FORCE ONLY*
,Answer: Program manager, CO or Commodity Council Director
prepares following the conclusion of the ASP briefing, and approved by
the ASP chairperson.
●● *Cost Analysis*
FAR 15.404-1 (c)
(2016-05-31)
Q: What is cost analysis?
Answer: Review and evaluation of separate elements and profit of
contractor's proposal. The application of judgment to determine how
well proposed costs represent what the cost of the contract should be
assuming reasonable economy and efficiency. Techniques include
verification of cost or pricing data and evaluation of cost elements;
projection of offeror's cost trends based on current/historical cost/pricing
data; audit and negotiated indirect cost, labor and COM rates.
●● *IDIQ*
FAR 16.504 (a)
(2016-05-31)
Q: How does the PCO compute the minimum and maximum quantity on
an IDIQ contract?
Answer: 1. Minimum-Should be more than a nominal quantity but
should not exceed amount the Government is fairly certain to order.
, 2. Maximum - A reasonable max should be established by conducting
market research trends on recent contracts for similar supply/svcs,
survey of potential users, other rational basis.
●● *Estimating Systems*
FAR 15.407-5
(2016-05-31)
Q: Define estimating system and cost reimbursement.
Answer: Estimating system is contractor's policies/procedures/practices
for generating estimates. Includes organizational structure, internal
controls, and managerial reviews, work flow, est methods, techniques,
accumulation of historical costs and other analysis. Cost reimbursement
- Contractor's ability to accurately and reliable estimate costs could lead
to cost overruns and increased risk for the Government.
●● *Defective Pricing*
FAR 15.407-1
(2016-05-31)
Q: What are six conditions which must exist to have defective pricing?
Answer: 1. Information fits the definition of cost and pricing data.
