CON 3990 UPDATED CORE EXAMS SET QUESTIONS AND
ANSWERS FIRM A+
✔✔Cost, quality and timeliness - ✔✔Satisfy the customer in terms of Cost, quality and
timeliness of the delivered product or service. The principal customers for the product or
service provided by the system are the users and line managers, acting on behalf of the
American taxpayer.
✔✔Determination and findings: - ✔✔FAR 1.701
Determination is your conclusion, and the findings are what is used to justify and
validate the determination.
✔✔Justification and approvals: - ✔✔FAR 6.303-1(a), 6.302, 6.304
Used when less than full and open competition is used. It is the justification for that use.
Approval levels are based on dollar thresholds in the FAR and DFARS.
✔✔Post Award Orientation is for: - ✔✔FAR 42-5
For full understanding of the contract and ensure everyone is on board with the same
understanding of the requirements.
✔✔Standards of conduct: - ✔✔FAR 3.101
Must be absolutely ethical in what you're doing personally and on behalf of the
government.-
✔✔Four elements of a contract - ✔✔capacity
mutual assent
Consideration
lawful purpose
✔✔Implied Authority - ✔✔Authority that is not expressed or written into the contract, but
which the agent is assumed to have in order to transact the business for the principal.
✔✔specified authority - ✔✔Those very specific tasks that are outlined in the contract.
✔✔Express Authority - ✔✔The authority contained in your warrant. Who you are, what
agency you work for, and how much you are able to obligate the government for.
✔✔Actual authority - ✔✔The authority act on behalf of an agent. The COR is a good
example of actual authority. It is given by the KO, but very narrow in scope.
✔✔Profit - ✔✔A driver and motivator for a contractor.
,✔✔Who has the capacity to contract? - ✔✔Of age, of sound mind, have the capacity to
contract and understand the obligations, terms and conditions of the contract. Cannot
have diminished capacity due to drugs or alcohol.
✔✔Market Research - ✔✔(FAR Part 10)
✔✔Commercial Items - ✔✔A type of product customarily used by the general public.
Government wants to drive acquisitions to commercial items... If an RA comes to you,
attempt to guide them to a commercial solution. Can the non-commercial requirement
be met with a commercial solution?
✔✔What type(s) of contracts can be awarded when acquiring commercial items of
supply? - ✔✔Only firm-fixed-price contracts or fixed-price contracts with economic price
adjustment
Feedback: See FAR 12.207(a)
✔✔Does the Government's policy to require prime contractors to incorporate, to the
maximum extent practicable, commercial items or non-developmental items as
components of items supplied to the agency, apply to subcontractors at all levels? -
✔✔Yes.
Feedback: See FAR 12.101(c)
✔✔The Government has a requirement for computer equipment. The program office
indicates that its users will have no need for performance capabilities beyond the
minimum technical specifications stated in the purchase request. Which source
selection process would be most appropriate in this situation? - ✔✔Lowest price
technically acceptable
Feedback: See FAR 15.101
✔✔Which contract type shifts cost risk from the Government to the contractor? -
✔✔Fixed-price
Feedback: See FAR 16.104(d)
✔✔Which section of the uniform contract format (UCF) exists to include negotiated,
meaningful special contract requirements that are not included in Section I, Contract
clauses, or in other sections of the UCF? - ✔✔Section H
Feedback: See FAR 15.204-2
✔✔In the FAR, the term "discussions" is synonymous with which of the following? -
✔✔Negotiations
✔✔A proposal submission time and date of 2 p.m. on February 3, 2020, appeared on
the cover page of a Government solicitation. Based on the information provided at FAR
, 52.215-1, Instructions to Offerors - Competitive Acquisitions, which of the following
proposals is late? - ✔✔The contractor provided its proposal at 2:15 p.m. on February 3,
2020.
Feedback: See FAR 52.215-1(c)(3)
✔✔What is the preferred method to make a purchase at or below the micro-purchase
threshold? - ✔✔Governmentwide commercial purchase card
Feedback: See FAR 13.201(b)
✔✔When does title for a completed product transfer to the Government, assuming the
product meets all contract requirements? - ✔✔Upon formal acceptance by the
Government
Feedback: See FAR 46.505(a)
✔✔Contract files for contracts using simplified acquisition procedures should be
considered closed when the contracting officer receives evidence of two things. The first
is receipt of the property or service. What is the second? - ✔✔Final payment
Feedback: See FAR 4.804-2(a)
✔✔Your customer comes to you anticipating a new requirement, one that has not been
purchased recently. You'd like to refer them to the FAR part dealing specifically with
market research. Which FAR part do you refer them to? - ✔✔FAR part 10
Feedback: See FAR 10.000
✔✔.Terms that address specific types of exchanges with offerors after receipt of
proposals include: - ✔✔Communications, discussions, and clarifications
Feedback: See FAR 15.306
✔✔In a competitive source selection, does the FAR require you to have the exact same
"discussions" with each offeror in the competitive range? - ✔✔No, discussions are
tailored to each offeror's proposal.
✔✔With limited exceptions, a Contractor Performance Assessment Reporting System
(CPARS) report is required: - ✔✔When the contract dollar value exceeds the simplified
acquisition threshold
✔✔A contractor is developing their pricing strategy in a competitive environment.
Knowing the required effort will result in follow-on contracts, the contractor submits an
offer below anticipated costs with the plan to recover any losses by increasing the price
on follow-on efforts. This pricing strategy is referred to as: - ✔✔Buying-in
ANSWERS FIRM A+
✔✔Cost, quality and timeliness - ✔✔Satisfy the customer in terms of Cost, quality and
timeliness of the delivered product or service. The principal customers for the product or
service provided by the system are the users and line managers, acting on behalf of the
American taxpayer.
✔✔Determination and findings: - ✔✔FAR 1.701
Determination is your conclusion, and the findings are what is used to justify and
validate the determination.
✔✔Justification and approvals: - ✔✔FAR 6.303-1(a), 6.302, 6.304
Used when less than full and open competition is used. It is the justification for that use.
Approval levels are based on dollar thresholds in the FAR and DFARS.
✔✔Post Award Orientation is for: - ✔✔FAR 42-5
For full understanding of the contract and ensure everyone is on board with the same
understanding of the requirements.
✔✔Standards of conduct: - ✔✔FAR 3.101
Must be absolutely ethical in what you're doing personally and on behalf of the
government.-
✔✔Four elements of a contract - ✔✔capacity
mutual assent
Consideration
lawful purpose
✔✔Implied Authority - ✔✔Authority that is not expressed or written into the contract, but
which the agent is assumed to have in order to transact the business for the principal.
✔✔specified authority - ✔✔Those very specific tasks that are outlined in the contract.
✔✔Express Authority - ✔✔The authority contained in your warrant. Who you are, what
agency you work for, and how much you are able to obligate the government for.
✔✔Actual authority - ✔✔The authority act on behalf of an agent. The COR is a good
example of actual authority. It is given by the KO, but very narrow in scope.
✔✔Profit - ✔✔A driver and motivator for a contractor.
,✔✔Who has the capacity to contract? - ✔✔Of age, of sound mind, have the capacity to
contract and understand the obligations, terms and conditions of the contract. Cannot
have diminished capacity due to drugs or alcohol.
✔✔Market Research - ✔✔(FAR Part 10)
✔✔Commercial Items - ✔✔A type of product customarily used by the general public.
Government wants to drive acquisitions to commercial items... If an RA comes to you,
attempt to guide them to a commercial solution. Can the non-commercial requirement
be met with a commercial solution?
✔✔What type(s) of contracts can be awarded when acquiring commercial items of
supply? - ✔✔Only firm-fixed-price contracts or fixed-price contracts with economic price
adjustment
Feedback: See FAR 12.207(a)
✔✔Does the Government's policy to require prime contractors to incorporate, to the
maximum extent practicable, commercial items or non-developmental items as
components of items supplied to the agency, apply to subcontractors at all levels? -
✔✔Yes.
Feedback: See FAR 12.101(c)
✔✔The Government has a requirement for computer equipment. The program office
indicates that its users will have no need for performance capabilities beyond the
minimum technical specifications stated in the purchase request. Which source
selection process would be most appropriate in this situation? - ✔✔Lowest price
technically acceptable
Feedback: See FAR 15.101
✔✔Which contract type shifts cost risk from the Government to the contractor? -
✔✔Fixed-price
Feedback: See FAR 16.104(d)
✔✔Which section of the uniform contract format (UCF) exists to include negotiated,
meaningful special contract requirements that are not included in Section I, Contract
clauses, or in other sections of the UCF? - ✔✔Section H
Feedback: See FAR 15.204-2
✔✔In the FAR, the term "discussions" is synonymous with which of the following? -
✔✔Negotiations
✔✔A proposal submission time and date of 2 p.m. on February 3, 2020, appeared on
the cover page of a Government solicitation. Based on the information provided at FAR
, 52.215-1, Instructions to Offerors - Competitive Acquisitions, which of the following
proposals is late? - ✔✔The contractor provided its proposal at 2:15 p.m. on February 3,
2020.
Feedback: See FAR 52.215-1(c)(3)
✔✔What is the preferred method to make a purchase at or below the micro-purchase
threshold? - ✔✔Governmentwide commercial purchase card
Feedback: See FAR 13.201(b)
✔✔When does title for a completed product transfer to the Government, assuming the
product meets all contract requirements? - ✔✔Upon formal acceptance by the
Government
Feedback: See FAR 46.505(a)
✔✔Contract files for contracts using simplified acquisition procedures should be
considered closed when the contracting officer receives evidence of two things. The first
is receipt of the property or service. What is the second? - ✔✔Final payment
Feedback: See FAR 4.804-2(a)
✔✔Your customer comes to you anticipating a new requirement, one that has not been
purchased recently. You'd like to refer them to the FAR part dealing specifically with
market research. Which FAR part do you refer them to? - ✔✔FAR part 10
Feedback: See FAR 10.000
✔✔.Terms that address specific types of exchanges with offerors after receipt of
proposals include: - ✔✔Communications, discussions, and clarifications
Feedback: See FAR 15.306
✔✔In a competitive source selection, does the FAR require you to have the exact same
"discussions" with each offeror in the competitive range? - ✔✔No, discussions are
tailored to each offeror's proposal.
✔✔With limited exceptions, a Contractor Performance Assessment Reporting System
(CPARS) report is required: - ✔✔When the contract dollar value exceeds the simplified
acquisition threshold
✔✔A contractor is developing their pricing strategy in a competitive environment.
Knowing the required effort will result in follow-on contracts, the contractor submits an
offer below anticipated costs with the plan to recover any losses by increasing the price
on follow-on efforts. This pricing strategy is referred to as: - ✔✔Buying-in
