FAC-C CERTIFICATION EXAM PREP WITH COMPLETE
REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ - 179 Questions and
Answers Already Graded A+ Premium Exam Tested And
Verified
Subject Area FAC-C CERTIFICATION EXAM PREP WITH COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A+
Description Comprehensive examination on FAC-C CERTIFICATION EXAM PREP WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+.
Expected Grade A+
Total Questions 179
Duration 3 hours
Learning Outcomes 1. Demonstrate mastery of core concepts
Accreditation Aligned with US university standards.
Page 1
,1. A contractor submits a claim for an equitable adjustment under a fixed-price
incentive contract. The government's audit reveals that the contractor's actual costs
exceeded the target cost, but the final negotiated cost was within the ceiling price.
Which of the following correctly describes the sharing arrangement under the
contract's formula?
Answer: The government and contractor share the overrun in a predetermined
ratio until the ceiling price is reached, after which the contractor absorbs all
additional costs.
In a fixed-price incentive (firm target) contract, the government and contractor share
cost overruns (or underruns) in a predetermined ratio (e.g., 80/20) until the ceiling price
is reached. Beyond the ceiling, the contractor bears all additional costs, as the
government's liability is capped at the ceiling price.
2. An agency is acquiring a new IT system using a performance-based acquisition
approach. Which of the following is the most critical element that must be included
in the performance work statement (PWS) to ensure effective competition and
contract management?
Answer: Measurable performance standards that are tied to the desired outcomes,
not the methods of performance.
Performance-based acquisitions require a PWS that describes required outcomes in
measurable, objective terms. This allows offerors flexibility in how to achieve the
outcomes, fostering innovation and competition. Detailed specifications (A) are more
appropriate for design specifications, not performance-based. Approved vendors (C)
would restrict competition. Fixed lifecycle pricing (D) is not a requirement and may not
be feasible.
Page 2
,3. During a source selection, the contracting officer receives a late proposal
modification from an offeror that was originally submitted on time. The
modification was received after the stated deadline but before award. Under FAR
Part 15, which of the following actions is most appropriate?
Answer: Reject the modification as untimely, unless the modification was
transmitted by electronic commerce and the government's system failed to receive
it.
Under FAR 15.208, late proposals, modifications, or revisions are generally not
considered unless they are received before award and are either: (1) transmitted by
electronic commerce and the government's system failed to receive it; or (2) there is
evidence of government mishandling. Option B correctly states the exception for
electronic commerce system failure. Option A is incorrect because late modifications
are not accepted simply because they are favorable. Option D is too absolute, as
exceptions exist.
4. A contracting officer is evaluating contractor past performance for a competitive
acquisition. The offeror has submitted references for three recent contracts of
similar scope, but the past performance information retrieval system (PPIRS) shows
two negative reports from unrelated contracts. Which of the following best describes
the contracting officer's obligation regarding this information?
Answer: The contracting officer may consider the negative reports but must give
the offeror an opportunity to explain the circumstances.
FAR 15.305(a)(2)(i) states that past performance evaluations shall consider relevant
information from various sources, including PPIRS. The contracting officer should
consider all relevant information, but must provide the offeror an opportunity to
comment on adverse past performance information (FAR 15.306(d)). Option B
correctly balances the consideration of negative reports with due process. Options A
and C are too restrictive. Option D is not required; the CO can already access PPIRS.
Page 3
, 5. An agency awards a cost-reimbursement contract for research and development.
During performance, the contractor incurs a cost for a special test that was not
included in the approved budget but is necessary to meet the contract's technical
requirements. The contracting officer did not approve the test in advance. Under the
Allowable Cost and Payment clause, which of the following is true?
Answer: The cost is unallowable because it was not approved in advance by the
contracting officer.
Under the Allowable Cost and Payment clause (FAR 52.216-7), costs must be allowable
in accordance with the cost principles of FAR Part 31. Many cost-reimbursement
contracts require prior approval for certain costs, such as special tests (FAR 31.205-41).
Without prior approval, the cost is unallowable. Option A is incorrect because
allowability also depends on compliance with contract terms. Option C is not a valid
standard. Retroactive approval (D) is generally not permitted for costs that require
prior approval.
6. A small business concern is competing for a set-aside contract. The contracting
officer receives a protest challenging the small business status of the apparent
successful offeror. The protest alleges that the offeror is not a small business under
the applicable size standard. Which of the following actions must the contracting
officer take?
Answer: Immediately suspend the contract award pending a size determination by
the Small Business Administration (SBA).
Under FAR 19.302 and 13 CFR 121.1001, a contracting officer who receives a size
protest (including from an interested party) must suspend the award and refer the
protest to the SBA's Office of Government Contracting, which has exclusive
jurisdiction to determine size status. The CO cannot make the size determination.
Option A correctly states the required action. Options B, C, and D are incorrect
because the CO must suspend award and refer to SBA.
Page 4
REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+ - 179 Questions and
Answers Already Graded A+ Premium Exam Tested And
Verified
Subject Area FAC-C CERTIFICATION EXAM PREP WITH COMPLETE REAL EXAM
QUESTIONS AND CORRECT VERIFIED ANSWERS/ ALREADY
GRADED A+
Description Comprehensive examination on FAC-C CERTIFICATION EXAM PREP WITH
COMPLETE REAL EXAM QUESTIONS AND CORRECT VERIFIED
ANSWERS/ ALREADY GRADED A+.
Expected Grade A+
Total Questions 179
Duration 3 hours
Learning Outcomes 1. Demonstrate mastery of core concepts
Accreditation Aligned with US university standards.
Page 1
,1. A contractor submits a claim for an equitable adjustment under a fixed-price
incentive contract. The government's audit reveals that the contractor's actual costs
exceeded the target cost, but the final negotiated cost was within the ceiling price.
Which of the following correctly describes the sharing arrangement under the
contract's formula?
Answer: The government and contractor share the overrun in a predetermined
ratio until the ceiling price is reached, after which the contractor absorbs all
additional costs.
In a fixed-price incentive (firm target) contract, the government and contractor share
cost overruns (or underruns) in a predetermined ratio (e.g., 80/20) until the ceiling price
is reached. Beyond the ceiling, the contractor bears all additional costs, as the
government's liability is capped at the ceiling price.
2. An agency is acquiring a new IT system using a performance-based acquisition
approach. Which of the following is the most critical element that must be included
in the performance work statement (PWS) to ensure effective competition and
contract management?
Answer: Measurable performance standards that are tied to the desired outcomes,
not the methods of performance.
Performance-based acquisitions require a PWS that describes required outcomes in
measurable, objective terms. This allows offerors flexibility in how to achieve the
outcomes, fostering innovation and competition. Detailed specifications (A) are more
appropriate for design specifications, not performance-based. Approved vendors (C)
would restrict competition. Fixed lifecycle pricing (D) is not a requirement and may not
be feasible.
Page 2
,3. During a source selection, the contracting officer receives a late proposal
modification from an offeror that was originally submitted on time. The
modification was received after the stated deadline but before award. Under FAR
Part 15, which of the following actions is most appropriate?
Answer: Reject the modification as untimely, unless the modification was
transmitted by electronic commerce and the government's system failed to receive
it.
Under FAR 15.208, late proposals, modifications, or revisions are generally not
considered unless they are received before award and are either: (1) transmitted by
electronic commerce and the government's system failed to receive it; or (2) there is
evidence of government mishandling. Option B correctly states the exception for
electronic commerce system failure. Option A is incorrect because late modifications
are not accepted simply because they are favorable. Option D is too absolute, as
exceptions exist.
4. A contracting officer is evaluating contractor past performance for a competitive
acquisition. The offeror has submitted references for three recent contracts of
similar scope, but the past performance information retrieval system (PPIRS) shows
two negative reports from unrelated contracts. Which of the following best describes
the contracting officer's obligation regarding this information?
Answer: The contracting officer may consider the negative reports but must give
the offeror an opportunity to explain the circumstances.
FAR 15.305(a)(2)(i) states that past performance evaluations shall consider relevant
information from various sources, including PPIRS. The contracting officer should
consider all relevant information, but must provide the offeror an opportunity to
comment on adverse past performance information (FAR 15.306(d)). Option B
correctly balances the consideration of negative reports with due process. Options A
and C are too restrictive. Option D is not required; the CO can already access PPIRS.
Page 3
, 5. An agency awards a cost-reimbursement contract for research and development.
During performance, the contractor incurs a cost for a special test that was not
included in the approved budget but is necessary to meet the contract's technical
requirements. The contracting officer did not approve the test in advance. Under the
Allowable Cost and Payment clause, which of the following is true?
Answer: The cost is unallowable because it was not approved in advance by the
contracting officer.
Under the Allowable Cost and Payment clause (FAR 52.216-7), costs must be allowable
in accordance with the cost principles of FAR Part 31. Many cost-reimbursement
contracts require prior approval for certain costs, such as special tests (FAR 31.205-41).
Without prior approval, the cost is unallowable. Option A is incorrect because
allowability also depends on compliance with contract terms. Option C is not a valid
standard. Retroactive approval (D) is generally not permitted for costs that require
prior approval.
6. A small business concern is competing for a set-aside contract. The contracting
officer receives a protest challenging the small business status of the apparent
successful offeror. The protest alleges that the offeror is not a small business under
the applicable size standard. Which of the following actions must the contracting
officer take?
Answer: Immediately suspend the contract award pending a size determination by
the Small Business Administration (SBA).
Under FAR 19.302 and 13 CFR 121.1001, a contracting officer who receives a size
protest (including from an interested party) must suspend the award and refer the
protest to the SBA's Office of Government Contracting, which has exclusive
jurisdiction to determine size status. The CO cannot make the size determination.
Option A correctly states the required action. Options B, C, and D are incorrect
because the CO must suspend award and refer to SBA.
Page 4
