CON 3990 Contracting Certification Quiz 2 of 4/EXAM QUESTIONS &ANSWERS GRADED A+

It is the Government's policy that before executing a contract, the contracting officer must? Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting? Purchase the requirement as a commercial item. Contracting officers shall provide property to contractors only when it is clearly demonstrated that? The overall benefit to the acquisition significantly outweighs the increased cost of administration. Acquisition planning should begin? As soon as the agency need is identified Which of the following is an exception to obtaining certified cost or pricing data? Adequate price competition The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement. Government contract types are grouped into two broad categories: fixed-price contracts and? Cost-reimbursement contracts Incentive contracts are designed to obtain specific acquisition objectives by? Motivating contractor efforts that might not otherwise be emphasized Agencies shall conduct market research? Appropriate to the circumstances