CON 3990 CONTRACTING CERTIFICATION
2 OF 4 EXAM LATEST UPDATED
It is the government's policy that the contracting officer must execute a
contract? - ANSWER Obtain a written guarantee from the competent fiscal
authority that adequate funds are available.
What would be the best strategy to buy an item through government
contracting? - ANSWER Buy the requirement as a commercial item.
Contracting officers must only provide property to contractors where it can be
demonstrated. - ANSWER The acquisition's total benefits much outweigh the
higher administrative costs.
Should acquisition planning begin? - ANSWER Once the agency's need is
identified
Which of the following is an exemption to acquiring certified cost or pricing
information? - ANSWER Adequate price competition.
Which of the following activities will the contracting officer take to boost small
business involvement in acquisitions? - ANSWER Divide acquisitions into
relatively modest lots to allow for bids on quantities less than the entire
requirement.
Government contracts are divided into two basic categories: fixed-price
contracts and? - ANSWER Cost reimbursement contracts
Incentive contracts are intended to meet certain acquisition goals by? -
ANSWER Motivating contractor initiatives that would not otherwise be
highlighted
Will agencies perform market research? - ANSWER appropriate for the
situation.
2 OF 4 EXAM LATEST UPDATED
It is the government's policy that the contracting officer must execute a
contract? - ANSWER Obtain a written guarantee from the competent fiscal
authority that adequate funds are available.
What would be the best strategy to buy an item through government
contracting? - ANSWER Buy the requirement as a commercial item.
Contracting officers must only provide property to contractors where it can be
demonstrated. - ANSWER The acquisition's total benefits much outweigh the
higher administrative costs.
Should acquisition planning begin? - ANSWER Once the agency's need is
identified
Which of the following is an exemption to acquiring certified cost or pricing
information? - ANSWER Adequate price competition.
Which of the following activities will the contracting officer take to boost small
business involvement in acquisitions? - ANSWER Divide acquisitions into
relatively modest lots to allow for bids on quantities less than the entire
requirement.
Government contracts are divided into two basic categories: fixed-price
contracts and? - ANSWER Cost reimbursement contracts
Incentive contracts are intended to meet certain acquisition goals by? -
ANSWER Motivating contractor initiatives that would not otherwise be
highlighted
Will agencies perform market research? - ANSWER appropriate for the
situation.
