CON 3990 LATEST EOC EXAMS ACTUAL QUESTIONS AND
ANSWERS FIRM A+
✔✔What is not a contract? - ✔✔grant or cooperative agreement
✔✔Does Market research include determining product characteristics, the capabilities of
supplies, and the business practices that surround them? - ✔✔Yes
✔✔When is market research required? - ✔✔all gov contract requirements that exceed
the SAT and for certain requirements below the SAT
✔✔What is a nondevelopmental item? - ✔✔a previously developed item of supply used
exclusively for government purposes, which requires only minor modifications of a type
customarily available in the common marketplace in order to meet the need
✔✔The extent of market research varies based on what factors? (4) - ✔✔urgency,
estimated dollar value, complexity, and past performance
✔✔How relevant does market research need to be to be accurate and relevant? - ✔✔18
months
✔✔A trade show is an example of what type of market research? - ✔✔strategic
✔✔what is tactical market research? - ✔✔conducted at specific points during aq
process, provide deeper understanding to answer specific questions
✔✔What are some benefits to market reearch? - ✔✔understanding (alternative)
solutions available in marketplace
insight into price expectations
better able to describe/ communicate gov needs to industry
provide more competition
understand common industry practices, terms and conditions
✔✔What is the intent of Competition in Contracting Act of 1984? - ✔✔authorized KO's
to promote and provide for full and open competition in soliciting offers and awarding
Gov contracts
✔✔what are the two main types of competitive/negotiated procedures of contrating? -
✔✔Sealed bids and competitive proposals
can also use a combination of both (two - step sealed bidding)
✔✔What is full and open competition after exclusion of sources? - ✔✔agencies may
exclude a particular source from a contract action in order to establish or maintain
alternative source or sources
, ✔✔What are the set asides for full and open competition after exclusion of sources? -
✔✔establishing or maintain alternative sources
set asides for small business concerns
section 8(a) competition
set asides for hubzone small business concerns
set asides for service disabled veteran owned SB
set aside for women owned SB
set asides for local firms during major disaster
✔✔What circumstances is other than full and open competition authorized? - ✔✔only
one responsible source
unusual or compelling urgency
industrial mobilization, R&D, expert services
international agreement
authorized by statute
national security
public interest
✔✔What should the KO do to establish price reasonableness? - ✔✔obtain certified cost
or pricing date when necessary or obtain other than certified cost or pricing data
✔✔Is adequate price competition enough to establish a fair and reasonable price when
certified cost and pricing data is not reqiured? - ✔✔yes
✔✔What is the order of preference when determining the type of other than certified
cost or pricing data required? - ✔✔data related to prices relying first on what is available
within the Gov
second on data obtained from sources other than the offeror and lastly on data obtained
by the offeror
✔✔price each contract separately and independently. do not price contracts based on -
✔✔proposed price reductions under OTHER contracts or consider losses or profits
realized under OTHER contracts
✔✔No Gov employee may accept gifts from anyone who - ✔✔is seeking to obtain
business with employees agency
conducts activites that are regulated by the employees agency
has interests that may be affected by performance of employees duties
✔✔What is acceptance? - ✔✔acknowledgement that the supplies or services conform
with applicable contract quality and quantity requirements
✔✔When can acceptance take place? - ✔✔before, at time of or after delivery
ANSWERS FIRM A+
✔✔What is not a contract? - ✔✔grant or cooperative agreement
✔✔Does Market research include determining product characteristics, the capabilities of
supplies, and the business practices that surround them? - ✔✔Yes
✔✔When is market research required? - ✔✔all gov contract requirements that exceed
the SAT and for certain requirements below the SAT
✔✔What is a nondevelopmental item? - ✔✔a previously developed item of supply used
exclusively for government purposes, which requires only minor modifications of a type
customarily available in the common marketplace in order to meet the need
✔✔The extent of market research varies based on what factors? (4) - ✔✔urgency,
estimated dollar value, complexity, and past performance
✔✔How relevant does market research need to be to be accurate and relevant? - ✔✔18
months
✔✔A trade show is an example of what type of market research? - ✔✔strategic
✔✔what is tactical market research? - ✔✔conducted at specific points during aq
process, provide deeper understanding to answer specific questions
✔✔What are some benefits to market reearch? - ✔✔understanding (alternative)
solutions available in marketplace
insight into price expectations
better able to describe/ communicate gov needs to industry
provide more competition
understand common industry practices, terms and conditions
✔✔What is the intent of Competition in Contracting Act of 1984? - ✔✔authorized KO's
to promote and provide for full and open competition in soliciting offers and awarding
Gov contracts
✔✔what are the two main types of competitive/negotiated procedures of contrating? -
✔✔Sealed bids and competitive proposals
can also use a combination of both (two - step sealed bidding)
✔✔What is full and open competition after exclusion of sources? - ✔✔agencies may
exclude a particular source from a contract action in order to establish or maintain
alternative source or sources
, ✔✔What are the set asides for full and open competition after exclusion of sources? -
✔✔establishing or maintain alternative sources
set asides for small business concerns
section 8(a) competition
set asides for hubzone small business concerns
set asides for service disabled veteran owned SB
set aside for women owned SB
set asides for local firms during major disaster
✔✔What circumstances is other than full and open competition authorized? - ✔✔only
one responsible source
unusual or compelling urgency
industrial mobilization, R&D, expert services
international agreement
authorized by statute
national security
public interest
✔✔What should the KO do to establish price reasonableness? - ✔✔obtain certified cost
or pricing date when necessary or obtain other than certified cost or pricing data
✔✔Is adequate price competition enough to establish a fair and reasonable price when
certified cost and pricing data is not reqiured? - ✔✔yes
✔✔What is the order of preference when determining the type of other than certified
cost or pricing data required? - ✔✔data related to prices relying first on what is available
within the Gov
second on data obtained from sources other than the offeror and lastly on data obtained
by the offeror
✔✔price each contract separately and independently. do not price contracts based on -
✔✔proposed price reductions under OTHER contracts or consider losses or profits
realized under OTHER contracts
✔✔No Gov employee may accept gifts from anyone who - ✔✔is seeking to obtain
business with employees agency
conducts activites that are regulated by the employees agency
has interests that may be affected by performance of employees duties
✔✔What is acceptance? - ✔✔acknowledgement that the supplies or services conform
with applicable contract quality and quantity requirements
✔✔When can acceptance take place? - ✔✔before, at time of or after delivery
