CFCM Exam Questions and Verified Answers Graded A+ 2026/27
-Which of the following is NOT a reason to contract for Advisory and Assistance services? -
Obtain work of a policy, decision-making, or managerial nature which is the direct
responsibility of agency officials
Which of the following contract types is prohibited by the Federal Acquisition Regulation for
federal agencies and prime contractors? - cost-plus-a-percentage-of-cost
The Contract Disputes statute covers - claims by a contractor against the Government.
Performance-based contracts - use measurable performance standards and quality
assurance surveillance plans.
Options for increased quantities of supplies/services may NOT be expressed in terms of -
a range of quantities for various line items.
Solicitations for commercial items shall require offerors to offer the Government - the
same warranty terms offered to the general public.
_______________ contracts are characterized by the employer-employee relationship it creates
between the Government and the contractor's personnel. - Personal services
When the time of delivery or timely performance is so important that the Government may
reasonably expect to suffer damage if the delivery or performance is delinquent; and the extent or
,amount of such damage would be difficult or impossible to estimate accurately or prove, then
what type of assessment may occur? - Liquidated damages
Which response best describes a letter contract? - Normally a brief, written preliminary
contractual instrument that authorizes a contractor to begin performance immediately.
What should the Contracting Officer describe in a performance work statement for a
performance-based acquisition,? - The work in terms of the required results.
The government's preferred remedy when terminating a contract for a commercial item for cause
will be - to acquire similar items from another contractor and to charge the defaulted
contractor with any excess reprocurement costs.
In terms of being a responsible government contractor, any prime contractor that provides
Government property to a subcontractor... - is still responsible for the property in
accordance with the terms of the prime contract.
Submitting an offer below anticipated costs and expecting to increase the contract amount after
award, is called: - Buying-in
In what FAR Part will you find rules and policy on foreign acquisitions? - Part 25
, Contractors' arrangements to pay contingent fees for soliciting or obtaining Government
contracts have long been considered contrary to public policy because: - Such
arrangements may lead to attempted or actual exercise of improper influence.
A special form of written approval by an authorized official that is required by statute or
regulation as a prerequisite to taking certain contract actions is called - Determination and
Findings
When a mistake in a contractor's bid is not discovered until after award, the mistake may be
corrected by contract modification if... - correcting the mistake would be favorable to the
Government without changing the essential requirements of the specifications.
These are limited exchanges between the Government and offerors, that may occur when award
without discussions is contemplated: - Clarifications
During source selection it is an acceptable practice to: - inform an offeror that its price is
considered too high.
A system whereby the contracting officer receives authorization from a fiscal and accounting
officer to obligate funds on purchase documents against a specified lump sum of funds reserved
for the purpose for a specified period of time rather than obtaining individual obligation authority
on each purchase document is - bulk funding.
What term is described by the following: The process by which efforts of all personnel
responsible for an acquisition are coordinated and integrated through a comprehensive plan for
-Which of the following is NOT a reason to contract for Advisory and Assistance services? -
Obtain work of a policy, decision-making, or managerial nature which is the direct
responsibility of agency officials
Which of the following contract types is prohibited by the Federal Acquisition Regulation for
federal agencies and prime contractors? - cost-plus-a-percentage-of-cost
The Contract Disputes statute covers - claims by a contractor against the Government.
Performance-based contracts - use measurable performance standards and quality
assurance surveillance plans.
Options for increased quantities of supplies/services may NOT be expressed in terms of -
a range of quantities for various line items.
Solicitations for commercial items shall require offerors to offer the Government - the
same warranty terms offered to the general public.
_______________ contracts are characterized by the employer-employee relationship it creates
between the Government and the contractor's personnel. - Personal services
When the time of delivery or timely performance is so important that the Government may
reasonably expect to suffer damage if the delivery or performance is delinquent; and the extent or
,amount of such damage would be difficult or impossible to estimate accurately or prove, then
what type of assessment may occur? - Liquidated damages
Which response best describes a letter contract? - Normally a brief, written preliminary
contractual instrument that authorizes a contractor to begin performance immediately.
What should the Contracting Officer describe in a performance work statement for a
performance-based acquisition,? - The work in terms of the required results.
The government's preferred remedy when terminating a contract for a commercial item for cause
will be - to acquire similar items from another contractor and to charge the defaulted
contractor with any excess reprocurement costs.
In terms of being a responsible government contractor, any prime contractor that provides
Government property to a subcontractor... - is still responsible for the property in
accordance with the terms of the prime contract.
Submitting an offer below anticipated costs and expecting to increase the contract amount after
award, is called: - Buying-in
In what FAR Part will you find rules and policy on foreign acquisitions? - Part 25
, Contractors' arrangements to pay contingent fees for soliciting or obtaining Government
contracts have long been considered contrary to public policy because: - Such
arrangements may lead to attempted or actual exercise of improper influence.
A special form of written approval by an authorized official that is required by statute or
regulation as a prerequisite to taking certain contract actions is called - Determination and
Findings
When a mistake in a contractor's bid is not discovered until after award, the mistake may be
corrected by contract modification if... - correcting the mistake would be favorable to the
Government without changing the essential requirements of the specifications.
These are limited exchanges between the Government and offerors, that may occur when award
without discussions is contemplated: - Clarifications
During source selection it is an acceptable practice to: - inform an offeror that its price is
considered too high.
A system whereby the contracting officer receives authorization from a fiscal and accounting
officer to obligate funds on purchase documents against a specified lump sum of funds reserved
for the purpose for a specified period of time rather than obtaining individual obligation authority
on each purchase document is - bulk funding.
What term is described by the following: The process by which efforts of all personnel
responsible for an acquisition are coordinated and integrated through a comprehensive plan for
