CON 1300 PRACTICE Exam fully solved & updated (latest version verified
for accuracy) | Latest!!
An offer is response to a solicitation that, as accepted, would bind the offeror to perform the resultant
contract. - (ANSWER)True
A quotation could include specs but no technical or past performance documentation? - (ANSWER)True
What would it be if you include technical or past performance? - (ANSWER)A proposal
Are there tradeoffs in LPTAs? - (ANSWER)No
Which risk element indicates how well the contractor would or would not be able to satisfy the
requirement of statement of work? - (ANSWER)Performance risk
Which of the following are not to go risk types? - (ANSWER)Subcontracting
Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and reasonable? -
(ANSWER)True
Cost realism is required for all cost type contracts. - (ANSWER)True
During performing price an.alysis we compare separate cost elements - (ANSWER)False
Is GFP a price related factor? - (ANSWER)YES (competitive fixed price only!!!)
What price adjustment do we alter HUBZones by? - (ANSWER)10%
When we are not doing tradeoffs what is the price we tend to go with? - (ANSWER)Lowest Price
Technically Acceptable
, CON 1300 PRACTICE Exam fully solved & updated (latest version verified
for accuracy) | Latest!!
When we have certified cost/pricing data what type analysis are we going to do? - (ANSWER)Cost
analysis
1. What are the exemptions to TINA? - (ANSWER)Commercial, Competition, Waiver
What is a direct cost? - (ANSWER)Any cost directly identified with a single, final cost objective
Steps to using cost analysis? - (ANSWER)· Get a "Good" Proposal [FAR Table 15.2 compliant]
· Enlist Help of Others
· Review the proposal
· Model the proposal
· Fact-find the proposal
· Evaluate the proposal
Can you alter a contractor's price to determine most probability cost when performing cost analysis for
cost reimbursement contract? - (ANSWER)Yes
Can you use cost realism for fixed price when new requirements may not be fully understood? -
(ANSWER)Yes
What documents do we use to document fair and reasonable pricing? - (ANSWER)Price negotiation
Memorandum (PNM)
What do we use the Source selection decision process for? - (ANSWER)To determine who wins the award
and for fair and reasonable pricing
for accuracy) | Latest!!
An offer is response to a solicitation that, as accepted, would bind the offeror to perform the resultant
contract. - (ANSWER)True
A quotation could include specs but no technical or past performance documentation? - (ANSWER)True
What would it be if you include technical or past performance? - (ANSWER)A proposal
Are there tradeoffs in LPTAs? - (ANSWER)No
Which risk element indicates how well the contractor would or would not be able to satisfy the
requirement of statement of work? - (ANSWER)Performance risk
Which of the following are not to go risk types? - (ANSWER)Subcontracting
Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and reasonable? -
(ANSWER)True
Cost realism is required for all cost type contracts. - (ANSWER)True
During performing price an.alysis we compare separate cost elements - (ANSWER)False
Is GFP a price related factor? - (ANSWER)YES (competitive fixed price only!!!)
What price adjustment do we alter HUBZones by? - (ANSWER)10%
When we are not doing tradeoffs what is the price we tend to go with? - (ANSWER)Lowest Price
Technically Acceptable
, CON 1300 PRACTICE Exam fully solved & updated (latest version verified
for accuracy) | Latest!!
When we have certified cost/pricing data what type analysis are we going to do? - (ANSWER)Cost
analysis
1. What are the exemptions to TINA? - (ANSWER)Commercial, Competition, Waiver
What is a direct cost? - (ANSWER)Any cost directly identified with a single, final cost objective
Steps to using cost analysis? - (ANSWER)· Get a "Good" Proposal [FAR Table 15.2 compliant]
· Enlist Help of Others
· Review the proposal
· Model the proposal
· Fact-find the proposal
· Evaluate the proposal
Can you alter a contractor's price to determine most probability cost when performing cost analysis for
cost reimbursement contract? - (ANSWER)Yes
Can you use cost realism for fixed price when new requirements may not be fully understood? -
(ANSWER)Yes
What documents do we use to document fair and reasonable pricing? - (ANSWER)Price negotiation
Memorandum (PNM)
What do we use the Source selection decision process for? - (ANSWER)To determine who wins the award
and for fair and reasonable pricing
