CON 1400V FINAL EXAM SCRIPT WITH
VERIFIED ANSWERS
◉ What does the KO do during the contract closeout review
process?
Answer: 1. Ensure all closeout actions are complete
2. Reviews contract file, final audit, release of claims, and property
IP issues
◉ What is contract administration?
Answer: The process of managing a contract throughout its
lifecycle to ensure that all parties meet their obligations
◉ The CAO needs a copy of what?
Answer: The contract
◉ What is needed for effective oversight?
Answer: A clear understanding of the distinct roles and
responsibilities of the gov and contractor
◉ Post award orientation is not a substitute for what?
Answer: The contractor fully understanding the work
requirements at the time offers are submitted or if it is used to
alter the final agreement arrived at in any negotiations leading to
a contract.
VERIFIED ANSWERS
◉ What does the KO do during the contract closeout review
process?
Answer: 1. Ensure all closeout actions are complete
2. Reviews contract file, final audit, release of claims, and property
IP issues
◉ What is contract administration?
Answer: The process of managing a contract throughout its
lifecycle to ensure that all parties meet their obligations
◉ The CAO needs a copy of what?
Answer: The contract
◉ What is needed for effective oversight?
Answer: A clear understanding of the distinct roles and
responsibilities of the gov and contractor
◉ Post award orientation is not a substitute for what?
Answer: The contractor fully understanding the work
requirements at the time offers are submitted or if it is used to
alter the final agreement arrived at in any negotiations leading to
a contract.
