Contracting Officer Representative Course questions and answers latest top score.

Contracting Officer Representative Course questions and answers latest top score. FAR - correct answers.Federal Acquisition Regulation FAR must follow - correct answers.1) commit to fair and open competition 2) ensure responsible use of taxpayer money 3) maintain highest ethical standards COR general responsibilities - correct answers.1) acquisition planning 2) market research 3) contract/performance management COR traits - correct ical expertise and familiarity with all aspects of the contract COR specific duties - correct answers.1) furnish technical direction and monitor contract performance 2) maintain independent relationship 3) ensure contractors are paid for authorized services/materials only 4) review, accept, and reject deliverables OFPP - correct answers.Office of Federal Procurement Policy mission of FAI - correct e the development of a federal acquisition workforce COR planning purpose - correct answers.1) validate identified need 2) establish requirements 3) develop elements of the acquisition plan COR planning responsibilities - correct answers.1) assist with market research 2) define requirments 2 meanings of solicitation - correct answers.1) process of requesting bids from potential contractors 2) physical document requesting bids from potential contractors (RFP, RFB, RFQ) During solicitation, the gov't releases the following to industry - correct answers.1) request for proposal (RFP) 2) request for bid (RFB) 3) request for quote (RFQ) COR evaluation step - correct answers.1) assessment of proposal using criteria in RFP, RFB, RFQ 2) evaluate nonprice factors 3) input in the TET summary report COR award step - correct answers.1) CO issues execution contract signed by all parties 2) notify all unsuccessful parties 3) delegation letter and contract docs and forms given to the COR COR post-award tasks - correct answers.1) monitor contractor performance 2) receive and approve invoices 3) assure contractor security 4) maintain documentation 5) assist with close-out how do you know when to function as a COR or a PM? - correct answers.If contract, then PM. If delegation letter, then COR internal stakeholder - correct person, group or org whose interests will be directly affected by the project examples of internal stakeholder - correct , co, cor, ipt, business sponsors, senior leadership external stakeholders - correct it indirectly from the project examples of external stakeholders - correct actors, legislators, taxpayers, veterans IPT - correct rated product team when is an IPT needed? - correct cts valued above 7 million or projects that are complex, carry technical risk, program risk or business risk acquisition plan answers what questions - correct answers.1) what are we buying 2) does anyone make what we need? 3) how much are we willing to pay? 4) how will we go about getting bids? 5) how will we choose the vendor? 6) how will we guarantee we get what we paid for? 7) does it meet the requirements? SON document - correct answers.Strategic Statement of Need document market research planning - correct answers.1) potential solutions in marketplace and govt 2) availability of commercial services 3) current market price 4) terms and conditions 5) industry standards 6) specific requirements 7) potential risks technical skills for market research - correct rative analysis, quantitative data, qualitative data, financial analysis performance based acquisition strategy - correct least 40% performance indicator Statement of Work (SOW) - correct answers.1) describes work to be performed or services rendered 2) defines responsibilities of gov't and contractor 3) provides objectives measure of completed work Performance Work Statement (PWS) - correct answers.1) emphasizes outcomes 2) usually, simplified contract administration 3) may include positive/negative incentives 4) shifts responsibilities for achieving acceptable performance to the contractor technical requirements must be SMART, which stands for - correct fic, measurable, attainable, relevant, timely recurring requirements - correct itive purchase of the same product or service over a set time period types of contracts - correct answers.1) fixed-price (FFP) 2) cost-reimbursement (CPFF) 3) incentive 4) indefinite-delivery 5) time and materials, labor-hour, and letter FFP key features - correct answers.- price wont change with contractors cost increase - risk and responsibility for costs mainly on contractor