CLC 056 Challenge
Questions
1. - Sellers need to be concerned about an unrealistic low price because of
the risk
- Sellers need to be concerned about the market implications of a price that
is too high
- Sellers need to be concerned about major mistakes in estimating costs
- Sellers need to be concerned about recovering buy-in losses: One of the
elements of the government pricing objective is to ensure that contract
prices are fair and reasonable. Which of the following statements is true
about "fairness to seller" that involve concerns? (Select all that apply)
2. - Competition
- Supply and Demand
- General Economic Conditions: Which of the following are market
conditions that affect a reasonable price?
3.- Buyers and sellers usually have a good working knowledge of
transactions between a contractor and the government: All of the following
statements are true about government contracting as part of pricing
each contract separately EXCEPT:
4. - Possible future event arising from known or unknown causes where the
outcome cannot be determined: Which of the following is the correct
definition of a contingency in government contracting?
5. Price analysis: You have been asked to procure seven high definition
mobile cameras. You determine that this is a commercial item. The
prices for these items range from approximately $400,000 to $650,000
each. You identify six vendors but you only receive one offer from
Advanced Technology Solutions (ATS). You contact ATS and they are
willing to provide quantities, dates of sale, discounts offered, and prices
offered to their other customers. What analysis of ATS's offer should you
use?
6. Price analysis: In reviewing the acquisition plan, which form of
proposal analysis do you think the Contracting Officer contemplated
using prior to soliciting offers?
7. Detailed: Which of the following estimating methods produces
estimates based on an analysis of the methods and materials required
to complete each element of the work required by the contract?
8. - Certified Cost or Pricing Data
- Cost or Pricing Data
- Data Other than Certified Cost or Pricing Data: Which of the following are
key terms associated with TINA?
1/
, CLC 056 Challenge
Questions
9.No. While the initial award amount exceeded the TINA threshold of $2
million, the Contracting Officer determined through market research that
adequate price competition would exist for this requirement. Therefore, the
exception at FAR 15.403-1(b)(1) applied. Offerors were not required to
submit certified cost or pricing data.: Review Section B of the Acquisition
Plan for the initial BBOMs
2/
Questions
1. - Sellers need to be concerned about an unrealistic low price because of
the risk
- Sellers need to be concerned about the market implications of a price that
is too high
- Sellers need to be concerned about major mistakes in estimating costs
- Sellers need to be concerned about recovering buy-in losses: One of the
elements of the government pricing objective is to ensure that contract
prices are fair and reasonable. Which of the following statements is true
about "fairness to seller" that involve concerns? (Select all that apply)
2. - Competition
- Supply and Demand
- General Economic Conditions: Which of the following are market
conditions that affect a reasonable price?
3.- Buyers and sellers usually have a good working knowledge of
transactions between a contractor and the government: All of the following
statements are true about government contracting as part of pricing
each contract separately EXCEPT:
4. - Possible future event arising from known or unknown causes where the
outcome cannot be determined: Which of the following is the correct
definition of a contingency in government contracting?
5. Price analysis: You have been asked to procure seven high definition
mobile cameras. You determine that this is a commercial item. The
prices for these items range from approximately $400,000 to $650,000
each. You identify six vendors but you only receive one offer from
Advanced Technology Solutions (ATS). You contact ATS and they are
willing to provide quantities, dates of sale, discounts offered, and prices
offered to their other customers. What analysis of ATS's offer should you
use?
6. Price analysis: In reviewing the acquisition plan, which form of
proposal analysis do you think the Contracting Officer contemplated
using prior to soliciting offers?
7. Detailed: Which of the following estimating methods produces
estimates based on an analysis of the methods and materials required
to complete each element of the work required by the contract?
8. - Certified Cost or Pricing Data
- Cost or Pricing Data
- Data Other than Certified Cost or Pricing Data: Which of the following are
key terms associated with TINA?
1/
, CLC 056 Challenge
Questions
9.No. While the initial award amount exceeded the TINA threshold of $2
million, the Contracting Officer determined through market research that
adequate price competition would exist for this requirement. Therefore, the
exception at FAR 15.403-1(b)(1) applied. Offerors were not required to
submit certified cost or pricing data.: Review Section B of the Acquisition
Plan for the initial BBOMs
2/
