CFCM CERTIFIED FEDERAL CONTRACT
MANAGER EXAM BUNDLE 2026 AND 2027
MASTER GUIDE WITH FULL COMPLETE
SOLUTIONS.
◎ Advance Agreements should not be negotiated. ANSWER:- after the incurrence of
the costs involved.
◎ Under the Assignment of Claims Act, a contractor may assign moneys due or to
become due under a contract if it meets all but which of the following?. ANSWER:- The
contract specifies payments aggregating $100,000 or more.
◎ Individuals delegated micro-purchase authority do not need to be. ANSWER:-
appointed in an SF 1402
◎ Advisory and assistance services are classified in all of the following subdivisions
except. ANSWER:- construction.
◎ A foreign end product may be purchased under the Buy American Act if. ANSWER:-
the price of the lowest domestic offer is determined to be unreasonable by the CO.
◎ The threshold which must be exceeded before purchases of services become
subject to the Service Contract Act is. ANSWER:- $2,500
◎ Which of the following examples is considered to be an inherently governmental
function?. ANSWER:- approving contractual documents
◎ If market research indicates commercial or nondevelopmental items might not be
available to satisfy agency needs, agencies shall next:. ANSWER:- determine whether
the need can be restated to permit commercial or nondevelopmental items to satisfy the
agency's needs.
◎ Which is NOT one of the seven exceptions to full and open competition?. ANSWER:-
Approval by the Agency Head
◎ If the delivery schedule is based on the date of the contract, the contracting officer
shall mail or otherwise furnish to the contractor the contract, notice of award,
acceptance of proposal or other contract document. ANSWER:- not later than the date
of the contract.
◎ Liquidated damages are typically assessed. ANSWER:- per calendar day.
,◎ Cost Accounting Standards apply to commercial item contracts when they are.
ANSWER:- fixed price with economic price adjustment based on actual costs.
◎ An indefinite-quantity contract is best used when:. ANSWER:- a recurring need is
anticipated
◎ _______________________ is a Department of Commerce regulation in support of
approved national defense, emergency preparedness, and energy programs, and the
Secretary of Commerce is designated to administer it.. ANSWER:- Defense Priorities
and Allocations System
◎ Under Sealed Bidding, a bid sample will be used to:. ANSWER:- determine
responsiveness of the bid.
◎ Which type of the cost reimbursement contract is the least preferred type due to its
minimum incentive for the contractor to control cost?. ANSWER:- cost plus fixed fee
◎ According to FAR 13.003, Policy for Simplified Acquisition Procedures, which of the
following is correct?. ANSWER:- Agencies shall use the government-wide commercial
purchase card and electronic purchasing techniques to the maximum practicable in
conducting simplified acquisitions.
◎ Which of the following must be evaluated in every source selection?. ANSWER:-
Price or cost to the government
◎ In what FAR Part will you find rules and policy on foreign acquisitions?. ANSWER:-
FAR Part 25
◎ The Miller Act requires:. ANSWER:- a performance and payment bond for
construction contracts over $150,000
◎ Under what type of contract might the seller never have to perform any services or
provide any deliveries?. ANSWER:- Requirements contract.
◎ A termination for convenience should not normally be issued if the undelivered
balance of the contract is less than:. ANSWER:- $5,000
◎ Effective competition, as used in FAR Part 34, is a market condition that exists when.
ANSWER:- two or more contractors act independently and actively contend for the
government's business.
◎ The total amount that can be paid for commercial advance payments cannot exceed
_____ of the contract price:. ANSWER:- 15%
, ◎ When progress payments are authorized, what is the customary progress payment
rate applicable to the total costs of performing the contract?. ANSWER:- 80%, 85% for
contracts with small businesses
◎ The Walsh-Healy Public Contracts Act pertains to such matters as minimum wages,
maximum hours, child labor, convict labor, and safe and sanitary working conditions and
applies to contracts for the manufacture or furnishing of materials, supplies, articles, and
equipment in the United States in any amount exceeding. ANSWER:- $15,000
◎ A valid unsolicited proposal must:. ANSWER:- be independently originated and
developed by the offeror.
◎ Each acquisition of supplies or services that has an anticipated dollar value
exceeding _____ and not exceeding ______ is reserved exclusively for small business
concerns and shall be set aside unless the contracting officer appropriately determines
otherwise.. ANSWER:- $3,000; $150,000
◎ Fast Payment Procedures are generally used when delivery must occur at a
geographically separated location that would make it impractical to make timely
payment based on evidence of government acceptance and the individual order does
not exceed:. ANSWER:- $30,000
◎ Under FAR Part 14, Sealed Bidding, Bid Samples:. ANSWER:- will be rejected for
nonresponsiveness if the sample fails to conform to each of the characteristics listed in
the invitation.
◎ Agencies may not use the following contract type for the acquisition of commercial
items:. ANSWER:- Cost-Plus-Award-Fee
◎ Permitted exchanges of information with Industry prior to receipt of proposals include
all of the following except:. ANSWER:- Providing the Independent Government Cost
Estimate to offerors for pricing purposes
◎ If no time is specified in a solicitation, the time of receipt is:. ANSWER:- 4:30 pm
◎ What are clarifications?. ANSWER:- Limited exchanges between the government
and offerors that may occur when award without discussions are contemplated.
◎ Post award debriefings include all of the following EXCEPT?. ANSWER:- A point-by-
point comparison between the winning offeror's and the unsuccessful offeror's
proposals.
◎ Which contract type provides for an initially negotiated fee to be adjusted later by a
formula based on the relationship of the total allowable costs to the total target costs?.
ANSWER:- Cost Plus Incentive Fee
MANAGER EXAM BUNDLE 2026 AND 2027
MASTER GUIDE WITH FULL COMPLETE
SOLUTIONS.
◎ Advance Agreements should not be negotiated. ANSWER:- after the incurrence of
the costs involved.
◎ Under the Assignment of Claims Act, a contractor may assign moneys due or to
become due under a contract if it meets all but which of the following?. ANSWER:- The
contract specifies payments aggregating $100,000 or more.
◎ Individuals delegated micro-purchase authority do not need to be. ANSWER:-
appointed in an SF 1402
◎ Advisory and assistance services are classified in all of the following subdivisions
except. ANSWER:- construction.
◎ A foreign end product may be purchased under the Buy American Act if. ANSWER:-
the price of the lowest domestic offer is determined to be unreasonable by the CO.
◎ The threshold which must be exceeded before purchases of services become
subject to the Service Contract Act is. ANSWER:- $2,500
◎ Which of the following examples is considered to be an inherently governmental
function?. ANSWER:- approving contractual documents
◎ If market research indicates commercial or nondevelopmental items might not be
available to satisfy agency needs, agencies shall next:. ANSWER:- determine whether
the need can be restated to permit commercial or nondevelopmental items to satisfy the
agency's needs.
◎ Which is NOT one of the seven exceptions to full and open competition?. ANSWER:-
Approval by the Agency Head
◎ If the delivery schedule is based on the date of the contract, the contracting officer
shall mail or otherwise furnish to the contractor the contract, notice of award,
acceptance of proposal or other contract document. ANSWER:- not later than the date
of the contract.
◎ Liquidated damages are typically assessed. ANSWER:- per calendar day.
,◎ Cost Accounting Standards apply to commercial item contracts when they are.
ANSWER:- fixed price with economic price adjustment based on actual costs.
◎ An indefinite-quantity contract is best used when:. ANSWER:- a recurring need is
anticipated
◎ _______________________ is a Department of Commerce regulation in support of
approved national defense, emergency preparedness, and energy programs, and the
Secretary of Commerce is designated to administer it.. ANSWER:- Defense Priorities
and Allocations System
◎ Under Sealed Bidding, a bid sample will be used to:. ANSWER:- determine
responsiveness of the bid.
◎ Which type of the cost reimbursement contract is the least preferred type due to its
minimum incentive for the contractor to control cost?. ANSWER:- cost plus fixed fee
◎ According to FAR 13.003, Policy for Simplified Acquisition Procedures, which of the
following is correct?. ANSWER:- Agencies shall use the government-wide commercial
purchase card and electronic purchasing techniques to the maximum practicable in
conducting simplified acquisitions.
◎ Which of the following must be evaluated in every source selection?. ANSWER:-
Price or cost to the government
◎ In what FAR Part will you find rules and policy on foreign acquisitions?. ANSWER:-
FAR Part 25
◎ The Miller Act requires:. ANSWER:- a performance and payment bond for
construction contracts over $150,000
◎ Under what type of contract might the seller never have to perform any services or
provide any deliveries?. ANSWER:- Requirements contract.
◎ A termination for convenience should not normally be issued if the undelivered
balance of the contract is less than:. ANSWER:- $5,000
◎ Effective competition, as used in FAR Part 34, is a market condition that exists when.
ANSWER:- two or more contractors act independently and actively contend for the
government's business.
◎ The total amount that can be paid for commercial advance payments cannot exceed
_____ of the contract price:. ANSWER:- 15%
, ◎ When progress payments are authorized, what is the customary progress payment
rate applicable to the total costs of performing the contract?. ANSWER:- 80%, 85% for
contracts with small businesses
◎ The Walsh-Healy Public Contracts Act pertains to such matters as minimum wages,
maximum hours, child labor, convict labor, and safe and sanitary working conditions and
applies to contracts for the manufacture or furnishing of materials, supplies, articles, and
equipment in the United States in any amount exceeding. ANSWER:- $15,000
◎ A valid unsolicited proposal must:. ANSWER:- be independently originated and
developed by the offeror.
◎ Each acquisition of supplies or services that has an anticipated dollar value
exceeding _____ and not exceeding ______ is reserved exclusively for small business
concerns and shall be set aside unless the contracting officer appropriately determines
otherwise.. ANSWER:- $3,000; $150,000
◎ Fast Payment Procedures are generally used when delivery must occur at a
geographically separated location that would make it impractical to make timely
payment based on evidence of government acceptance and the individual order does
not exceed:. ANSWER:- $30,000
◎ Under FAR Part 14, Sealed Bidding, Bid Samples:. ANSWER:- will be rejected for
nonresponsiveness if the sample fails to conform to each of the characteristics listed in
the invitation.
◎ Agencies may not use the following contract type for the acquisition of commercial
items:. ANSWER:- Cost-Plus-Award-Fee
◎ Permitted exchanges of information with Industry prior to receipt of proposals include
all of the following except:. ANSWER:- Providing the Independent Government Cost
Estimate to offerors for pricing purposes
◎ If no time is specified in a solicitation, the time of receipt is:. ANSWER:- 4:30 pm
◎ What are clarifications?. ANSWER:- Limited exchanges between the government
and offerors that may occur when award without discussions are contemplated.
◎ Post award debriefings include all of the following EXCEPT?. ANSWER:- A point-by-
point comparison between the winning offeror's and the unsuccessful offeror's
proposals.
◎ Which contract type provides for an initially negotiated fee to be adjusted later by a
formula based on the relationship of the total allowable costs to the total target costs?.
ANSWER:- Cost Plus Incentive Fee
