CON 3990 Exam 2026/2027 UPDATED MOST
TESTED QUESTIONS WITH VERIFIED ANSWERS
GRADED A+ ASSURED SUCCESS
What is the Micro-purhcase threshold for supplies? - Answer-$10k
What is a commercial service? - Answer-includes installation,
maintenance, repair, training if procured in support of commercial
product and/or are provided to the general public as well
What is a commercially available off the shelf (COTS) item? - Answer-
supply that is a commercial product, sold in substantial quantities,
offered to the Gov without any modifications needed
What exchanges can take place in the pre award phase between the KTR
and Gov? - Answer-Clarifications and communications and discussions
what activities are completed in the pre award phase? - Answer-Develop
Solicitation and Develop Offer
All incentive contracts (schedule or performance) must also include
what? - Answer-Cost incentive or constraint
What requires funds to be used only for needs or services in the year of
the appropriations obligation period? - Answer-Bona Fide Needs Rule
What contract types can be used for commercial item purchases? -
Answer-FFP or FPEPA
What is the Simplified Acquisition Threshold for commercial products
and services? What is it for non-commercial? - Answer-$7.5M -
commercial $250k for non-commercial
,True or False: The Gov shall use electronic commerce whenever
practicable or cost-effective - Answer-True
What is the purpose of a contract file? (4) - Answer-Provide
background/basis for decisions
Supporting actions taken
Provide information for reviews and investigations
Furnishing essential facts in the event of a litigation
Can contract files be combined if appropriate? - Answer-Yes
At what level are contract files maintained and why? - Answer-
Maintained at the organizational level to ensure
effective documentation of contract actions
accessibility by principal users
minimal establishment of duplicate and working files
safeguarding classified docs
conformance with agency regs
When is a SAP contract file closed out? - Answer-When the KO receives
evidence of receipt of property or final payment
When is a FFP (not SAP) contract file closed out? - Answer-Should be
closed out within 6 months after date KO receives evidence of physical
completion
When should contract files required settlement of indirect cost rates be
closed out? - Answer-Within 36 months of the month the KO receives
evidence of physical completion
When should all other (not SAP, FFP, or indirect cost rate) contract files
be closed? - Answer-Within 20 months of the month the KO receives
evidence of physical completion
, When is a contract considered physically complete? - Answer-the KTR
has completed required deliveries and Gov has inspected and accepted
the supplies
The contractor has performed all services and the Gov has accepted the
services and
all option provisions, if any, have expired
or the Gov gives the KTR notice of termination
What are the steps to close out a contract file? - Answer-1) Contract
admin office is responsible for initiating, reviewing contract fund status,
and deobligating excess funds
2)KO issues a contract completions statement
3) KO files completed statement and signed copy send to admin office
How long are contract documents retained after closeout? - Answer-6
years after final payment
What does a KO need prior to commencement of negotiations for a sole
source contract, commencement of negotiations for a contract resulting
from an unsolicited proposal, or award without providing for full and
open competition? - Answer-Justification and Approval which justifies
the actions in writing, certifies the accuracy and completeness of the
justifications and obtains the approval required
The KO shall not award a sole-source contract for an amount exceeding
$25M unless - Answer-they have a signed Justification and Approval
A J&A should include - Answer-Description of action being approved
Description of supplies or services required + estimated value
statutory authority permitting other than full and open comp
demonstrate why specific KTR is required (instead of comp)
efforts made to solicit offers from other sources
determination of fair and reasonable anticipated cost
description of market research conducted
TESTED QUESTIONS WITH VERIFIED ANSWERS
GRADED A+ ASSURED SUCCESS
What is the Micro-purhcase threshold for supplies? - Answer-$10k
What is a commercial service? - Answer-includes installation,
maintenance, repair, training if procured in support of commercial
product and/or are provided to the general public as well
What is a commercially available off the shelf (COTS) item? - Answer-
supply that is a commercial product, sold in substantial quantities,
offered to the Gov without any modifications needed
What exchanges can take place in the pre award phase between the KTR
and Gov? - Answer-Clarifications and communications and discussions
what activities are completed in the pre award phase? - Answer-Develop
Solicitation and Develop Offer
All incentive contracts (schedule or performance) must also include
what? - Answer-Cost incentive or constraint
What requires funds to be used only for needs or services in the year of
the appropriations obligation period? - Answer-Bona Fide Needs Rule
What contract types can be used for commercial item purchases? -
Answer-FFP or FPEPA
What is the Simplified Acquisition Threshold for commercial products
and services? What is it for non-commercial? - Answer-$7.5M -
commercial $250k for non-commercial
,True or False: The Gov shall use electronic commerce whenever
practicable or cost-effective - Answer-True
What is the purpose of a contract file? (4) - Answer-Provide
background/basis for decisions
Supporting actions taken
Provide information for reviews and investigations
Furnishing essential facts in the event of a litigation
Can contract files be combined if appropriate? - Answer-Yes
At what level are contract files maintained and why? - Answer-
Maintained at the organizational level to ensure
effective documentation of contract actions
accessibility by principal users
minimal establishment of duplicate and working files
safeguarding classified docs
conformance with agency regs
When is a SAP contract file closed out? - Answer-When the KO receives
evidence of receipt of property or final payment
When is a FFP (not SAP) contract file closed out? - Answer-Should be
closed out within 6 months after date KO receives evidence of physical
completion
When should contract files required settlement of indirect cost rates be
closed out? - Answer-Within 36 months of the month the KO receives
evidence of physical completion
When should all other (not SAP, FFP, or indirect cost rate) contract files
be closed? - Answer-Within 20 months of the month the KO receives
evidence of physical completion
, When is a contract considered physically complete? - Answer-the KTR
has completed required deliveries and Gov has inspected and accepted
the supplies
The contractor has performed all services and the Gov has accepted the
services and
all option provisions, if any, have expired
or the Gov gives the KTR notice of termination
What are the steps to close out a contract file? - Answer-1) Contract
admin office is responsible for initiating, reviewing contract fund status,
and deobligating excess funds
2)KO issues a contract completions statement
3) KO files completed statement and signed copy send to admin office
How long are contract documents retained after closeout? - Answer-6
years after final payment
What does a KO need prior to commencement of negotiations for a sole
source contract, commencement of negotiations for a contract resulting
from an unsolicited proposal, or award without providing for full and
open competition? - Answer-Justification and Approval which justifies
the actions in writing, certifies the accuracy and completeness of the
justifications and obtains the approval required
The KO shall not award a sole-source contract for an amount exceeding
$25M unless - Answer-they have a signed Justification and Approval
A J&A should include - Answer-Description of action being approved
Description of supplies or services required + estimated value
statutory authority permitting other than full and open comp
demonstrate why specific KTR is required (instead of comp)
efforts made to solicit offers from other sources
determination of fair and reasonable anticipated cost
description of market research conducted
