Acq 101 Module 6

The Termination Contracting Officer (TCO) is responsible for: - corrrect answerNegotiating any settlement with the contractor What is one purpose of contract administration? - corrrect answerAvoiding or eliminating overlap and duplication of Government contract administration effort U.S. Federal Government agencies are required to arrange full and open competition through the use of competitive procedures in their procurement activities unless otherwise authorized by law - corrrect answerTrue Who oversees the source selection process and selects the source whose proposal is the best value? - corrrect answerSource Selection Authority (SSA) Which of the following is part of the Federal Acquisition Regulations System? - corrrect answerAgency Supplements and acquisition regulations What is the first activity in the planning phase? - corrrect answerIdentifying and justifying a mission need that requires a material solution Which type of contract can be described as having a higher cost to the government than the contractor, may have requirements that are not well defined, and payments are mad as costs are incurred? - corrrect answerCost reimbursement contracts The Federal Acquisition Regulation, 42.302(a), lists functions normally performed by this type of contracting officer. - corrrect answerAdministrative Contracting Officer (ACO) A Contract is a legal instrument that defines the rights and responsibilities of: - corrrect answerEach party