CPCM Wk 7 - Award & Post Award (Practice Exam) 2024

CPCM Wk 7 - Award & Post Award (Practice Exam) 2024 Who makes the final decision on a contractor claim? -Answer-The contracting officer Which of the following is not a requirement of a claim for a specific amount of money? - Answer-That the claim be certified ( 6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims) Which of the following is a typical way that buying contract managers involve themselves in the quality assurance process? -Answer-Clearly and concisely documenting inspection and acceptance (6.2 Ensure Quality Which of the following illustrates the government's process during source selection? -Answer- Request information, draft RFP, presolicitation conference, final RFP, receive proposals, proposal evaluation, source selection (FIGURE 7-7. Sample Source Selection Process Stipulated damages are also called -Answer-Liquidated damages (5.4.1.2 Commercial Contract Disputes What law requires federal government contractors to submit certified cost or pricing data in certain circumstances? -Answer-The Truthful Cost or Pricing Data statute (5.1.2 Cost Analysis) What is quantum? -Answer-The actual damages incurred by a contractor harmed by a lack of contract performance (6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims Which evaluation factor should always be considered in negotiated procurements? -Answer- Price (5.3.6.4 Compare Results and Reach Consensus To establish that both parties to a negotiation accept the final agreement, what should be done when an agreement is reached? -Answer-Document the facts upon which the agreement was reached (5.2.5 The Negotiations The disputes process in federal government contracts is set forth in FAR Part 33.2, Disputes and Appeals, and is governed by what law?, -Answer-The Contract Disputes Act (5.4.1.3 Which of the following is true about cost analysis? -Answer-Cost analysis helps ensure a fair and reasonable price by evaluating separate cost elements along with profits or fees (5.1 Cost or Price Analysis Which of the following best describes a successful negotiation? -Answer-Both parties leave the negotiation feeling as though they have won (5.2 Conduct Negotiations)