FAC C Package FINAL TEST Questions
and Answers Verified Solutions Latest
Update
Question:
Who develops a solicitation?.
Answer:
The government, and the buyer
Question:
Who prepares an offer?.
Answer:
The contractor, and the seller
Question:
During the post award phase while the contract is being performed, who has
responsibility for quality?.
Answer:
The seller
Question:
Acquisition.
Answer:
FAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds
of supplies or services (including construction) by and for the use of the Federal
Government through purchase or lease, whether the supplies or services are already in
existence or must be created, developed, demonstrated, and evaluated. Acquisition
begins at the point when agency needs are established and includes the description of
requirements to satisfy agency needs, solicitation and selection of sources, award of
contracts, contract financing, contract performance, contract administration, and those
technical and management functions directly related to the process of fulfilling agency
needs by contract.
,Question:
Acquisition Team.
Answer:
FAR 1.102-3 describes the Acquisition Team as consisting of all participants in
Government acquisition including not only representatives of the technical, supply, and
procurement communities but also the customers they serve, and the contractors who
provide the products and services.
Question:
The KO's Role on the Acquisition Team.
Answer:
FAR 1.102-4(a) states Government members of the Acquisition Team must be
empowered to make acquisition decisions within their areas of responsibility, including
selection, negotiation, and administration of contracts consistent with the Guiding
Principles. In particular, the contracting officer must have the authority to the
maximum extent practicable and consistent with law, to determine the application of
rules, regulations, and policies, on a specific contract.
Question:
KO Appointments.
Answer:
FAR 1.603-2 requires appointing officials, when selecting contracting officers, to
consider the complexity and dollar value of the acquisitions to be assigned and the
candidate's experience, training, education, business acumen, judgment, character,
and reputation.
Question:
FAR Part 1.
Answer:
FAR policies & procedures (intro)
,Question:
Examples of selection criteria.
Answer:
Experience in Government contracting and administration, commercial purchasing, or
related fields.-Education or special training in business administration, law, accounting,
engineering, or related fields.Knowledge of acquisition policies and procedures,
including this and other applicable regulations.-Specialized knowledge in the particular
assigned field of contracting.-Satisfactory completion of acquisition training courses.
Question:
FAR Part 2.
Answer:
Definitions of words & terms
Question:
FAR Part 3.
Answer:
Improper business practices and personal conflicts of interest
Question:
DOD KO Requirements.
Answer:
DFARS 201.603-2 tells us that in order to qualify to serve as a contracting officer with
authority to award or administer contracts for amounts above the simplified acquisition
threshold, a person must:-Have completed all contracting courses required for a
contracting officer to serve in the grade in which the employee or member of the
armed forces will serve.-Have at least 2 years experience in a contracting
position.-Have received a baccalaureate degree from an accredited educational
institution.-Meet such additional requirements, based on the dollar value and
complexity of the contracts awarded or administered in the position, as may be
established by the Secretary of Defense.-DFARS 201.603-2(2) also lists several
exceptions and amplifications to the above qualifications for contracting officer
appointments.
, Question:
FAR Part 4.
Answer:
Administrative and information matters (includes contract closeout records)
Question:
FAR Part 5.
Answer:
Publicizing contract actions
Question:
FAR 1.602-2.
Answer:
Contracting officers are responsible for ensuring performance of all necessary actions
for effective contracting, ensuring compliance with the terms of the contract , and
safeguarding the interests of the United States in its contractual relationships. In order
to perform these responsibilities, contracting officers should be allowed wide latitude to
exercise business judgment.
Question:
FAR 1.602-2(a).
Answer:
Contracting Officers must ensure sufficient funds are available for obligation for each
contract action.
Question:
FAR 1.602-2(b).
Answer:
states that contracting officers shall ensure that contractors receive impartial, fair, and
equitable treatment. This applies to all types of communications, written and verbal.
and Answers Verified Solutions Latest
Update
Question:
Who develops a solicitation?.
Answer:
The government, and the buyer
Question:
Who prepares an offer?.
Answer:
The contractor, and the seller
Question:
During the post award phase while the contract is being performed, who has
responsibility for quality?.
Answer:
The seller
Question:
Acquisition.
Answer:
FAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds
of supplies or services (including construction) by and for the use of the Federal
Government through purchase or lease, whether the supplies or services are already in
existence or must be created, developed, demonstrated, and evaluated. Acquisition
begins at the point when agency needs are established and includes the description of
requirements to satisfy agency needs, solicitation and selection of sources, award of
contracts, contract financing, contract performance, contract administration, and those
technical and management functions directly related to the process of fulfilling agency
needs by contract.
,Question:
Acquisition Team.
Answer:
FAR 1.102-3 describes the Acquisition Team as consisting of all participants in
Government acquisition including not only representatives of the technical, supply, and
procurement communities but also the customers they serve, and the contractors who
provide the products and services.
Question:
The KO's Role on the Acquisition Team.
Answer:
FAR 1.102-4(a) states Government members of the Acquisition Team must be
empowered to make acquisition decisions within their areas of responsibility, including
selection, negotiation, and administration of contracts consistent with the Guiding
Principles. In particular, the contracting officer must have the authority to the
maximum extent practicable and consistent with law, to determine the application of
rules, regulations, and policies, on a specific contract.
Question:
KO Appointments.
Answer:
FAR 1.603-2 requires appointing officials, when selecting contracting officers, to
consider the complexity and dollar value of the acquisitions to be assigned and the
candidate's experience, training, education, business acumen, judgment, character,
and reputation.
Question:
FAR Part 1.
Answer:
FAR policies & procedures (intro)
,Question:
Examples of selection criteria.
Answer:
Experience in Government contracting and administration, commercial purchasing, or
related fields.-Education or special training in business administration, law, accounting,
engineering, or related fields.Knowledge of acquisition policies and procedures,
including this and other applicable regulations.-Specialized knowledge in the particular
assigned field of contracting.-Satisfactory completion of acquisition training courses.
Question:
FAR Part 2.
Answer:
Definitions of words & terms
Question:
FAR Part 3.
Answer:
Improper business practices and personal conflicts of interest
Question:
DOD KO Requirements.
Answer:
DFARS 201.603-2 tells us that in order to qualify to serve as a contracting officer with
authority to award or administer contracts for amounts above the simplified acquisition
threshold, a person must:-Have completed all contracting courses required for a
contracting officer to serve in the grade in which the employee or member of the
armed forces will serve.-Have at least 2 years experience in a contracting
position.-Have received a baccalaureate degree from an accredited educational
institution.-Meet such additional requirements, based on the dollar value and
complexity of the contracts awarded or administered in the position, as may be
established by the Secretary of Defense.-DFARS 201.603-2(2) also lists several
exceptions and amplifications to the above qualifications for contracting officer
appointments.
, Question:
FAR Part 4.
Answer:
Administrative and information matters (includes contract closeout records)
Question:
FAR Part 5.
Answer:
Publicizing contract actions
Question:
FAR 1.602-2.
Answer:
Contracting officers are responsible for ensuring performance of all necessary actions
for effective contracting, ensuring compliance with the terms of the contract , and
safeguarding the interests of the United States in its contractual relationships. In order
to perform these responsibilities, contracting officers should be allowed wide latitude to
exercise business judgment.
Question:
FAR 1.602-2(a).
Answer:
Contracting Officers must ensure sufficient funds are available for obligation for each
contract action.
Question:
FAR 1.602-2(b).
Answer:
states that contracting officers shall ensure that contractors receive impartial, fair, and
equitable treatment. This applies to all types of communications, written and verbal.
