CORB MAIN EXAMINATION SET 2026/2027 QUESTIONS
AND SOLUTIONS RATED A+
✔✔You cannot unilaterally exercise it. You must negotiate a bilateral supplemental
agreement or a new bridge contract (requires J&A if non-competitive). - ✔✔The PoP
expired on 1 Oct and on 5 Oct you realize you never exercised the option. How do you
rectify this?
✔✔Delivery Order = Supplies. Task Order = Services/Tasks. - ✔✔What is the difference
between a Delivery Order and Task Order?
✔✔Occurs when a contractor has an unfair advantage or impaired objectivity due to
other activities or relationships. - ✔✔What is an organizational conflict of interest (OCI)?
✔✔A contractor helping write the SOW for a contract they later bid on. - ✔✔Give an
example of an OCI as it relates to contractor access to acquisition information.
✔✔A non-competitive action to retain services/products during a delay in awarding a
follow-on contract. - ✔✔What is a bridge contract?
✔✔They represent a lost opportunity for savings that could be realized from new,
competitively awarded contracts. - ✔✔Why is the reporting of bridge contracts a matter
of concern for OSD?
✔✔The threshold is $2 Million for contracts entered into after 30 June 2018. - ✔✔What
is the current threshold for Certified Cost & Pricing Data?
✔✔If only one offer is received after 30 days, determine if the price is fair/reasonable
through cost/price analysis or obtain certified cost/pricing data if over $2M. - ✔✔An
unrestricted solicitation (~$2M) was issued for 30 days and only one offer was received.
What do you do?
✔✔Appropriate when best value results from selecting the technically acceptable
proposal with the lowest evaluated price. Used for non-complex/low-risk items. -
✔✔What is Lowest Price Technically Acceptable (LPTA) and when is it beneficial?
✔✔Allows for tradeoff between non-cost factors and price; Govt can accept other than
the lowest price to achieve best value. - ✔✔What is the Tradeoff Source Selection
Process and when is it beneficial?
✔✔Price analysis evaluates total price without evaluating separate cost elements.
Required for all acquisitions. - ✔✔What is Price Analysis?
, ✔✔Cost analysis involves the review and evaluation of each separate cost element,
including profit/fee. - ✔✔What is Cost Analysis?
✔✔Exists when one or more CLINs are significantly over or understated; must be
evaluated for risk to the Govt. - ✔✔What is unbalanced pricing, and how should you
address it?
✔✔Determine fairness and reasonableness primarily through price analysis
(comparison to competition/IGE). - ✔✔How would you determine the prices to be fair
and reasonable in an LPTA situation?
✔✔Use price analysis for actions not requiring cost/pricing data. Use cost analysis for
non-commercial procurements over the threshold. - ✔✔How would you determine a
sole source proposal price to be fair and reasonable?
✔✔Market research; Comparison to previous prices; Catalog/Price lists; Industry
comparison; KO personal knowledge; IGE. - ✔✔Name 7 types of information used to
determine price fairness and reasonableness.
✔✔Evaluate "Reasonableness" (is it too high?) and "Realism" (is it too low/viable for the
technical approach?). - ✔✔In a trade-off, how would you evaluate cost realism versus
reasonableness?
✔✔Agency: Filed with the KO. GAO: Filed with the Government Accountability Office. -
✔✔What is the difference between an Agency Protest and a GAO protest?
✔✔Protests are filed with: 1. The Agency, 2. GAO, 3. U.S. Court of Federal Claims. -
✔✔What three agencies are protests filed with?
✔✔Contractor has 10 days after the award (or 10 days after the basis is known). -
✔✔How many days does the contractor have after the award to file a protest to the
agency?
✔✔A contractor has 10 days after their debriefing is concluded to file a protest. -
✔✔How long does a contractor have after their debriefing to file a protest?
✔✔Synopsis required if > $25K (15 days before solicitation). Posting required if
between $15K-$25K. - ✔✔What are the requirements for publicizing contract actions?
✔✔A quote is not an offer; the Govt's purchase order is the offer. Contract is formed
when the supplier accepts (written or performance). - ✔✔Explain the legal effect of
quotations and how a contractor indicates acceptance?
AND SOLUTIONS RATED A+
✔✔You cannot unilaterally exercise it. You must negotiate a bilateral supplemental
agreement or a new bridge contract (requires J&A if non-competitive). - ✔✔The PoP
expired on 1 Oct and on 5 Oct you realize you never exercised the option. How do you
rectify this?
✔✔Delivery Order = Supplies. Task Order = Services/Tasks. - ✔✔What is the difference
between a Delivery Order and Task Order?
✔✔Occurs when a contractor has an unfair advantage or impaired objectivity due to
other activities or relationships. - ✔✔What is an organizational conflict of interest (OCI)?
✔✔A contractor helping write the SOW for a contract they later bid on. - ✔✔Give an
example of an OCI as it relates to contractor access to acquisition information.
✔✔A non-competitive action to retain services/products during a delay in awarding a
follow-on contract. - ✔✔What is a bridge contract?
✔✔They represent a lost opportunity for savings that could be realized from new,
competitively awarded contracts. - ✔✔Why is the reporting of bridge contracts a matter
of concern for OSD?
✔✔The threshold is $2 Million for contracts entered into after 30 June 2018. - ✔✔What
is the current threshold for Certified Cost & Pricing Data?
✔✔If only one offer is received after 30 days, determine if the price is fair/reasonable
through cost/price analysis or obtain certified cost/pricing data if over $2M. - ✔✔An
unrestricted solicitation (~$2M) was issued for 30 days and only one offer was received.
What do you do?
✔✔Appropriate when best value results from selecting the technically acceptable
proposal with the lowest evaluated price. Used for non-complex/low-risk items. -
✔✔What is Lowest Price Technically Acceptable (LPTA) and when is it beneficial?
✔✔Allows for tradeoff between non-cost factors and price; Govt can accept other than
the lowest price to achieve best value. - ✔✔What is the Tradeoff Source Selection
Process and when is it beneficial?
✔✔Price analysis evaluates total price without evaluating separate cost elements.
Required for all acquisitions. - ✔✔What is Price Analysis?
, ✔✔Cost analysis involves the review and evaluation of each separate cost element,
including profit/fee. - ✔✔What is Cost Analysis?
✔✔Exists when one or more CLINs are significantly over or understated; must be
evaluated for risk to the Govt. - ✔✔What is unbalanced pricing, and how should you
address it?
✔✔Determine fairness and reasonableness primarily through price analysis
(comparison to competition/IGE). - ✔✔How would you determine the prices to be fair
and reasonable in an LPTA situation?
✔✔Use price analysis for actions not requiring cost/pricing data. Use cost analysis for
non-commercial procurements over the threshold. - ✔✔How would you determine a
sole source proposal price to be fair and reasonable?
✔✔Market research; Comparison to previous prices; Catalog/Price lists; Industry
comparison; KO personal knowledge; IGE. - ✔✔Name 7 types of information used to
determine price fairness and reasonableness.
✔✔Evaluate "Reasonableness" (is it too high?) and "Realism" (is it too low/viable for the
technical approach?). - ✔✔In a trade-off, how would you evaluate cost realism versus
reasonableness?
✔✔Agency: Filed with the KO. GAO: Filed with the Government Accountability Office. -
✔✔What is the difference between an Agency Protest and a GAO protest?
✔✔Protests are filed with: 1. The Agency, 2. GAO, 3. U.S. Court of Federal Claims. -
✔✔What three agencies are protests filed with?
✔✔Contractor has 10 days after the award (or 10 days after the basis is known). -
✔✔How many days does the contractor have after the award to file a protest to the
agency?
✔✔A contractor has 10 days after their debriefing is concluded to file a protest. -
✔✔How long does a contractor have after their debriefing to file a protest?
✔✔Synopsis required if > $25K (15 days before solicitation). Posting required if
between $15K-$25K. - ✔✔What are the requirements for publicizing contract actions?
✔✔A quote is not an offer; the Govt's purchase order is the offer. Contract is formed
when the supplier accepts (written or performance). - ✔✔Explain the legal effect of
quotations and how a contractor indicates acceptance?
