CON 3990 EXAM STUDY GUIDE LATEST UPDATED

CON 3990 EXAM STUDY GUIDE LATEST
UPDATED


Allowable costs: Are they reasonable?
Yes
Allowable costs: Are they realistic?

No

Allowable Cost: Are there any constraints mentioned in FAR Subpart 31.2?

Yes

Allowable Cost: Is it within the conditions of the contract?

Yes

Allowable Cost: Under Common Law?

No

Allowable cost: allocable?

Yes

Allowable Cost: IAW Cost Accounting Standards or IAW Generally Accepted
Accounting Standards?

Yes

Allowable Cost: Are there any limitations specified in FAR subpart 15.1?

No

Modification Type: Exercising an Option.

, Unilateral

Modification Type: Administrative Change

Unilateral

Modification Type: An Agreement that defines a letter contract.

Bilateral

Modification Type: Changing terms and conditions.

Bilateral

Modification Type: Negotiated Equitable Adjustment

Bilateral

Modification Type: Issue a change order.

Unilateral

Contract type: Cost-plus-percentage of cost.

Will not be used.

Contract Type: FP-EPA.

Commercial Item and Sealed Bidding

Contract type: FFP.

Commercial Item and Sealed Bidding

Contract type: Cost-plus-incentive-fee.

Incentive Contracts