ACO CORB LATEST 2026 EXAMINATION SET QUESTIONS
AND SOLUTIONS GUARANTEE A+
✔✔What are some of the benefits of competition? What are some barriers to
competition? - ✔✔The benefits are innovation and cost savings. The barriers are one
source, unusual or compelling urgency, expert services, international agreement,
required by statute, national security, or public interest. There are three types of
competition: 1. Full and Open 2. Full and Open after exclusion of sources 3. Other than
full and open sources.
✔✔The COR has reported to you that the contractor has failed to deliver a service per
the contract requirements. What actions should you take as the Contracting Officer in
this instance? FAR Part 46. - ✔✔Issue a Cure Notice must be issued prior to any
termination actions. 52.249-8(a)(2). Allow the KTR 10 days to "cure" the fault. For
service contracts the resolution is a LVL II or III Non-Conformance Report (NCR),
allowing 10 days for a Corrective Action Plan (CAP).
✔✔The COR has noticed that the contractor may be acquiring "Contractor Acquired
Property" (CAP) that was authorized for purchase in the contract. The contractor
reportedly told the COR that they were not tracking the purchase or the location, etc., of
the property because they (contractor) purchased it, not the Government. What would
you do in this instance? - ✔✔CAP is not required to be recorded by DoD until it is
delivered to DoD. (45.101). CAP becomes GFP at the conclusion of the contract.
✔✔As Contracting Officer, you have a unique role when it comes to representing the
United States of America. Please take a minute or two to describe this unique role,
paying particular attention to your allegiance to the US Government versus the
contractor in decisions regarding tax-payer dollars. - ✔✔"Contracting officer" means a
person with the authority to enter into, administer, and/or terminate contracts and make
related determinations and findings. The term includes certain authorized
representatives of the contracting officer acting within the limits of their authority as
delegated by the contracting officer. "Administrative contracting officer (ACO)" refers to
a contracting officer who is administering contracts. "Termination contracting officer
(TCO)" refers to a contracting officer who is settling terminated contracts. A single
contracting officer may be responsible for duties in any or all of these areas. Reference
in this regulation (48 CFR Chapter 1) to administrative contracting officer or termination
contracting officer does not—
(1) Require that a duty be performed at a particular office or activity; or
(2) Restrict in any way a contracting officer in the performance of any duty properly
assigned.
✔✔As Contracting Officer, how do you view guidance versus policies versus regulations
versus laws or statutes? - ✔✔Guidance = Advice, Policies = Local Directives,
Regulations = Federal Laws
, ✔✔Six months ago you retired from the Army as a Contracting Officer. While a
Contracting Officer, you participated "personally and substantially" just prior to
retirement as member of a Joint Board for the USAF's new Boeing KC-46 Pegasus
Aerial Tanker/refueling plane. Although both programs are with Boeing, neither have
anything to do with the other. Given this scenario, could you accept an employment
offer from Boeing as Assistant Integrator, F/A-18F landing systems (fighter jet landing
system)? - ✔✔You may not accept employment for two years after you leave the federal
government. Consult with legal.
✔✔What part of the FAR covers "Cost Accounting Standards (CAS)", what are they,
and when do they apply? - ✔✔FAR Part 30 - Cost Accounting Standards
Administration. 30.201-4 -- Contract Clauses.
(a) Cost Accounting Standards.
(1) The contracting officer shall insert the clause at FAR 52.230-2, Cost Accounting
Standards, in negotiated contracts, unless the contract is exempted (see 48 CFR
9903.201-1 (FAR Appendix)), the contract is subject to modified coverage (see 48 CFR
9903.201-2 (FAR Appendix)), or the clause prescribed in paragraph (c) of this
subsection is used.
(2) The clause at FAR 52.230-2 requires the contractor to comply with all CAS specified
in 48 CFR 9904 (FAR Appendix), to disclose actual cost accounting practices
(applicable to CAS-covered contracts only), and to follow disclosed and established cost
accounting practices consistently
✔✔Please describe what is meant by an "Unsolicited Proposal" according to FAR 15.6,
and explain in basic terms the relationship between full and open competition and the
acceptance of an unsolicited proposal. - ✔✔"Unsolicited proposal" means a written
proposal for a new or innovative idea that is submitted to an agency on the initiative of
the offeror for the purpose of obtaining a contract with the Government, and that is not
in response to a request for proposals, Broad Agency Announcement, Small Business
Innovation Research topic, Small Business Technology Transfer Research topic,
Program Research and Development Announcement, or any other Government-initiated
solicitation or program?
✔✔As a contracting officer, you are responsible for ensuring the funds proposed for use
on the contract are appropriate not only in amount, but also proper appropriation and
availability with respect to time (e.g., year of expiration, expiration, etc.). Please tell me
how you determine this by looking at the "fund cite". Funding Codes - ✔✔Colors of
money: Procurement 3 years, RDT&E 2 years, O&M 1 year, MILPERS 1 year, MILCON
5 years. The first two digits are the component (21: Army, 57: AF), the next digit is last
of the appropriated year (7 for 2017). The next four digits are the type of procurement
(2020 is O&M 1 year money and 2031-2035 is appropriations money 3 year money)
The last four digits are the DODAC
✔✔With respect to subcontracting, what is "eSRS" and why is it important? -
✔✔Electronic Subcontracting Reporting System (eSRS) provides the government with
AND SOLUTIONS GUARANTEE A+
✔✔What are some of the benefits of competition? What are some barriers to
competition? - ✔✔The benefits are innovation and cost savings. The barriers are one
source, unusual or compelling urgency, expert services, international agreement,
required by statute, national security, or public interest. There are three types of
competition: 1. Full and Open 2. Full and Open after exclusion of sources 3. Other than
full and open sources.
✔✔The COR has reported to you that the contractor has failed to deliver a service per
the contract requirements. What actions should you take as the Contracting Officer in
this instance? FAR Part 46. - ✔✔Issue a Cure Notice must be issued prior to any
termination actions. 52.249-8(a)(2). Allow the KTR 10 days to "cure" the fault. For
service contracts the resolution is a LVL II or III Non-Conformance Report (NCR),
allowing 10 days for a Corrective Action Plan (CAP).
✔✔The COR has noticed that the contractor may be acquiring "Contractor Acquired
Property" (CAP) that was authorized for purchase in the contract. The contractor
reportedly told the COR that they were not tracking the purchase or the location, etc., of
the property because they (contractor) purchased it, not the Government. What would
you do in this instance? - ✔✔CAP is not required to be recorded by DoD until it is
delivered to DoD. (45.101). CAP becomes GFP at the conclusion of the contract.
✔✔As Contracting Officer, you have a unique role when it comes to representing the
United States of America. Please take a minute or two to describe this unique role,
paying particular attention to your allegiance to the US Government versus the
contractor in decisions regarding tax-payer dollars. - ✔✔"Contracting officer" means a
person with the authority to enter into, administer, and/or terminate contracts and make
related determinations and findings. The term includes certain authorized
representatives of the contracting officer acting within the limits of their authority as
delegated by the contracting officer. "Administrative contracting officer (ACO)" refers to
a contracting officer who is administering contracts. "Termination contracting officer
(TCO)" refers to a contracting officer who is settling terminated contracts. A single
contracting officer may be responsible for duties in any or all of these areas. Reference
in this regulation (48 CFR Chapter 1) to administrative contracting officer or termination
contracting officer does not—
(1) Require that a duty be performed at a particular office or activity; or
(2) Restrict in any way a contracting officer in the performance of any duty properly
assigned.
✔✔As Contracting Officer, how do you view guidance versus policies versus regulations
versus laws or statutes? - ✔✔Guidance = Advice, Policies = Local Directives,
Regulations = Federal Laws
, ✔✔Six months ago you retired from the Army as a Contracting Officer. While a
Contracting Officer, you participated "personally and substantially" just prior to
retirement as member of a Joint Board for the USAF's new Boeing KC-46 Pegasus
Aerial Tanker/refueling plane. Although both programs are with Boeing, neither have
anything to do with the other. Given this scenario, could you accept an employment
offer from Boeing as Assistant Integrator, F/A-18F landing systems (fighter jet landing
system)? - ✔✔You may not accept employment for two years after you leave the federal
government. Consult with legal.
✔✔What part of the FAR covers "Cost Accounting Standards (CAS)", what are they,
and when do they apply? - ✔✔FAR Part 30 - Cost Accounting Standards
Administration. 30.201-4 -- Contract Clauses.
(a) Cost Accounting Standards.
(1) The contracting officer shall insert the clause at FAR 52.230-2, Cost Accounting
Standards, in negotiated contracts, unless the contract is exempted (see 48 CFR
9903.201-1 (FAR Appendix)), the contract is subject to modified coverage (see 48 CFR
9903.201-2 (FAR Appendix)), or the clause prescribed in paragraph (c) of this
subsection is used.
(2) The clause at FAR 52.230-2 requires the contractor to comply with all CAS specified
in 48 CFR 9904 (FAR Appendix), to disclose actual cost accounting practices
(applicable to CAS-covered contracts only), and to follow disclosed and established cost
accounting practices consistently
✔✔Please describe what is meant by an "Unsolicited Proposal" according to FAR 15.6,
and explain in basic terms the relationship between full and open competition and the
acceptance of an unsolicited proposal. - ✔✔"Unsolicited proposal" means a written
proposal for a new or innovative idea that is submitted to an agency on the initiative of
the offeror for the purpose of obtaining a contract with the Government, and that is not
in response to a request for proposals, Broad Agency Announcement, Small Business
Innovation Research topic, Small Business Technology Transfer Research topic,
Program Research and Development Announcement, or any other Government-initiated
solicitation or program?
✔✔As a contracting officer, you are responsible for ensuring the funds proposed for use
on the contract are appropriate not only in amount, but also proper appropriation and
availability with respect to time (e.g., year of expiration, expiration, etc.). Please tell me
how you determine this by looking at the "fund cite". Funding Codes - ✔✔Colors of
money: Procurement 3 years, RDT&E 2 years, O&M 1 year, MILPERS 1 year, MILCON
5 years. The first two digits are the component (21: Army, 57: AF), the next digit is last
of the appropriated year (7 for 2017). The next four digits are the type of procurement
(2020 is O&M 1 year money and 2031-2035 is appropriations money 3 year money)
The last four digits are the DODAC
✔✔With respect to subcontracting, what is "eSRS" and why is it important? -
✔✔Electronic Subcontracting Reporting System (eSRS) provides the government with
