WARRANT BOARD 2 EXAM QUESTIONS AND ANSWERS

WARRANT BOARD 2 EXAM QUESTIONS AND ANSWERS What are the 4 steps to minimize defective pricing? FAR 15.4 - answera. Obtain DCAA audits prior to negotiation b. Audit work in process c. Pressure Contractor to correct deficiencies d. Have Contractor evaluate subcontract proposals properly What is the reference for Acq plan (AP) and location of template? - answerAFFARS 5307.105 Color of Money - answer3400-O&M-1 year 3600-R&D-2 year 3080-procurement-3 year What are the elements of a contract? - answera. Legal capacity b. Offer c. Acceptance d. Consideration e. Clear Terms & Conditions f. Does not include illegal acts Unilateral change under changes clause (FAR 43.201) - answera. Contractor must continue performance unless incremental funded or cost reimbursable b. Contractor cannot incur costs beyond limits established in limitations of funds or limitation of cost clauses What is a change order? (FAR 43.201) - answerContractor must continue performance of contracts as changed except that.... In cost or incrementally funded the contractor is not obligated to continue performance or incur cost beyond limits in limitation of cost or limitations of funds clauses. Name the Four (4) mod decision principles. (FAR 43) - answera. Within Scope b. Impact on Competition c. Value change increase, decrease, or no change d. Correct funds List factors in selecting contract types. (FAR 16.104) - answera. Price competition b. Price & or cost analysis c. Type and complexity of requirement d. Period of performance or length of production e. Contractor technical capability and financial responsibility f. Adequacy of contractor accounting system g. Concurrent contracts h. Acquisition history Name the most common exceptions to synopsizing. - answera. National security b. Country directed sole source c. Authorized by statute, 8a/JWOD d. National emergency-"urgent &compelling" e. Utility services Cost Analysis techniques. (FAR 31) - answera. Verify necessity and reasonableness Are costs? Allowable Allocable Reasonable b. Prices previously paid c. IGE PK Guide—what are thresholds for SASS and formal Acquisition plan? - answera. SASS (150K) /= 10M b. Formal AP 10M AETC OI 64-1—When do you need contract clearance? - answera. To award without discussions b. To request final proposal revisions c. Award contract (non-competitive actions or only one proposal received) AETC OI 64-1—When do you need business clearance? - answera. Prior to issuance of solicitation b. To begin negotiations AFI 63-124—PBSA—What is the dollar threshold? - answerAll service contracts over the SAT (150K) What are dollar thresholds