CON 3990 Contracting Certification Quiz 4 of 4 Latest Update Graded A+

CON 3990 Contracting Certification Quiz 4 of 4 Latest Update Graded A+ A postaward orientation aids both Government and contractor personnel to? Achieve a clear and mutual understanding of all contract requirements and identify and resolve potential problems When late in paying an otherwise acceptable invoice, the Government will? Pay an interest penalty When acquiring commercial items, quality assurance is primarily the responsibility of? The contractor You have a requirement for an online subscription to Engineering News Record. The site owner requires payment before they will provide the license code number to activate the annual subscription. Which payment form is required? An advance payment What agency does DoD typically delegate contract administrative functions for supply contracts? Defense Contract Management Agency A purpose of a postaward orientation is to? Achieve a clear and mutual understanding of all contract requirements A contractor employee accidentally broke a test fixture that belongs to the Government and is accountable to a Government contract. Generally speaking? Contractors are not held liable for loss of Government property According to the FAR, the acquisition team? Includes the contractor With limited exceptions, a Contractor Performance Assessment Reporting System (CPARS) report is required? When the contract dollar value exceeds the simplified acquisition threshold To be determined responsible by a contracting officer, a prospective contractor must? Have adequate financial resources to perform the contract, or the ability to obtain them In ensuring overall quality of items and services received under a contract, which of the following is the responsibility of the Government? Quality assurance surveillance The Government's preferred remedy to nonconforming goods or services is? Allow the contractor to repair or replace the nonconforming items, as long as there is still time left within the required delivery schedule Quality assurance policies and procedures found in FAR part 46? Apply to both the Government and contractor Contractors are responsible for Tendering to the Government for acceptance only those supplies or services that conform to contract quality requirements Does the Government have the right to inspect a product before it is accepted? Yes, always. When does title for a completed product transfer to the Government, assuming the product meets all contract requirements? Upon formal acceptance by the Government In commercial contracting, what quality system is utilized? The contractor's According to the FAR, acceptance of supplies or services is the responsibility of whom? The contracting officer