CON 1300 Test Review
A _____ is a reaction to a solicitation that, if ordinary, would _____ the offeror to carry out the
resultant settlement.
1. Offer
2. Bind
These offer reaction kinds are taken into consideration binding offers:
1. Bid
2. Offer/Proposal
A _____ is not an offer as it does now not bind the contractor to carry out a mission.
Quote
_____ are used to solicit in simplified acquisition tactics. Reponses to this solicitation come
inside the form of a _____. It is vital to take into account that this reaction _____ considered a
proposal and _____ binding. Far reference: ______
1. Requests for quotations (RFQ)
2. Quote
three. Is NOT
four. Is NOT
5. Part thirteen
,_____ are used to solicit within sealed bidding strategies. Reponses to this solicitation come in
the form of a _____. It is important to don't forget that this reaction _____ considered a
suggestion and _____ binding. Far reference: _____
1. Invitations for bids (IFB)
2. Bid
3. Is
4. Is
five. Part 14
_____ are used to solicit within agreement via negotiation processes. Reponses to this
solicitation come inside the form of a _____. It is vital to do not forget that this reaction _____
considered a proposal and _____ binding. Far reference: _____
1. Requests for Proposal (RFP)
2. Proposal
three. Is
four. Is
five. Part 15
Trade-off proposals consist of and are taken into consideration by _____, _______, and ______
parameters.
1. Technical
2. Cost/Price
three. Past Performance
True or False. A quotation is taken into consideration an offer?
,False : A Quote is not a proposal as it does now not bind the contractor to carry out a task.
An offer for a RFQ beneath FAR subpart eight.4 is a _____.
Purchase Order
The Lowest Price Technically Acceptable (LPTA) includes:
1. Evaluation elements and sub elements shall be inside the solicitation
2. Based on Lowest Price and Technically Acceptable Offer
three. Solicitations shall specify that award may be made on basis of LPTA
Tradeoffs Include or are guided by means of:
1. Characteristics of the tradeoff technique: FAR 15.One hundred and one-1
2. Permits tradeoffs amongst price and price and non-value factors
three. Allows Government to simply accept aside from the lowest priced thought
4. Awarding to better priced proposal have to advantage the additional value
five. Rationale for tradeoffs must be documented within the record
What is the definition of contract chance?
“a measure of future uncertainties in reaching software goals and objectives within described
cost, agenda, and performance constraints.”
What are the three key chance factors of a agreement?
1. Cost
2. Schedule
three. Performance
, _____ and _____ are two ways to mitigate danger. They are carefully associated and need to
be considered collectively.
1. Contract type
2. Contract pricing
_____ is the hazard that sports will take longer than anticipated, and is typically the result of
negative making plans or unexpected situations.
Schedule chance
_____ is an escalation of assignment prices. It is the risk that the assignment will fee greater
than the budget allotted for it. Perhaps the maximum common task chance, fee threat is due to
terrible finances making plans, faulty fee estimating, and scope creep.
Cost threat
_____ is the danger that the assignment will fail to provide outcomes steady with challenge
specifications.
Performance threat
Schedule Risk Mitigation by agreement type:
1. Fixed Price contracts = contractor have to carry out and meet the _____.
2. Cost Reimbursement contracts = contractor will perform their _____.
1. Transport agenda
2. “exceptional attempt”
A _____ is a reaction to a solicitation that, if ordinary, would _____ the offeror to carry out the
resultant settlement.
1. Offer
2. Bind
These offer reaction kinds are taken into consideration binding offers:
1. Bid
2. Offer/Proposal
A _____ is not an offer as it does now not bind the contractor to carry out a mission.
Quote
_____ are used to solicit in simplified acquisition tactics. Reponses to this solicitation come
inside the form of a _____. It is vital to take into account that this reaction _____ considered a
proposal and _____ binding. Far reference: ______
1. Requests for quotations (RFQ)
2. Quote
three. Is NOT
four. Is NOT
5. Part thirteen
,_____ are used to solicit within sealed bidding strategies. Reponses to this solicitation come in
the form of a _____. It is important to don't forget that this reaction _____ considered a
suggestion and _____ binding. Far reference: _____
1. Invitations for bids (IFB)
2. Bid
3. Is
4. Is
five. Part 14
_____ are used to solicit within agreement via negotiation processes. Reponses to this
solicitation come inside the form of a _____. It is vital to do not forget that this reaction _____
considered a proposal and _____ binding. Far reference: _____
1. Requests for Proposal (RFP)
2. Proposal
three. Is
four. Is
five. Part 15
Trade-off proposals consist of and are taken into consideration by _____, _______, and ______
parameters.
1. Technical
2. Cost/Price
three. Past Performance
True or False. A quotation is taken into consideration an offer?
,False : A Quote is not a proposal as it does now not bind the contractor to carry out a task.
An offer for a RFQ beneath FAR subpart eight.4 is a _____.
Purchase Order
The Lowest Price Technically Acceptable (LPTA) includes:
1. Evaluation elements and sub elements shall be inside the solicitation
2. Based on Lowest Price and Technically Acceptable Offer
three. Solicitations shall specify that award may be made on basis of LPTA
Tradeoffs Include or are guided by means of:
1. Characteristics of the tradeoff technique: FAR 15.One hundred and one-1
2. Permits tradeoffs amongst price and price and non-value factors
three. Allows Government to simply accept aside from the lowest priced thought
4. Awarding to better priced proposal have to advantage the additional value
five. Rationale for tradeoffs must be documented within the record
What is the definition of contract chance?
“a measure of future uncertainties in reaching software goals and objectives within described
cost, agenda, and performance constraints.”
What are the three key chance factors of a agreement?
1. Cost
2. Schedule
three. Performance
, _____ and _____ are two ways to mitigate danger. They are carefully associated and need to
be considered collectively.
1. Contract type
2. Contract pricing
_____ is the hazard that sports will take longer than anticipated, and is typically the result of
negative making plans or unexpected situations.
Schedule chance
_____ is an escalation of assignment prices. It is the risk that the assignment will fee greater
than the budget allotted for it. Perhaps the maximum common task chance, fee threat is due to
terrible finances making plans, faulty fee estimating, and scope creep.
Cost threat
_____ is the danger that the assignment will fail to provide outcomes steady with challenge
specifications.
Performance threat
Schedule Risk Mitigation by agreement type:
1. Fixed Price contracts = contractor have to carry out and meet the _____.
2. Cost Reimbursement contracts = contractor will perform their _____.
1. Transport agenda
2. “exceptional attempt”
