Con 3990 prep EXAM QUESTIONS WITH
VERIFIED ANSWERS GRADED A+ ASSURED
SUCCESS
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What are the three Pre-award, Award, and Post-award
contracting life cycle
phases
Invokes all work performed by both the buyer (Gov't
Define the pre-award or Prime Contractor) and seller (contractor or sub) in
phase communicating the buyer's requirements and
providing a solution to those requirements
What typically starts Requirement definition, budgeting/funding process,
before the contracting and acquisition planning.
process?
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, 1/4/25, 6:49 AM Con 3990 prep EXAM QUESTIONS WITH VERIFIED ANSWERS GRADED A+ ASSURED SUCCESS Flashcards | Quizlet
The pre-award phase Develop Solicitation (for our purpose, this is done by
consist of what two the Gov't or the contractor) and develop offer (this is
primary activities? done by the contractor or sub)
The buying activity must assess the need and analyze
the requirement as well make sure that contract
In planning the solicitation outcomes will be measurable and properly
incentivized. They buying activity must also verify
availability of funds.
Conduct market research to identify potential
suppliers, evaluate if the requirement is achievable,
Buying activities must also
and perform any pre-offer conferences or
communication
Market Research happens Is a process continuous through out all phases of the
in what phases of contracting life cycle
contracting life cycle?
Buying activities should analyze risk that can take the
In planning the form of performing make or by decisions, conducting
solicitation... a supply or service determination, and understanding
the required schedule or needs of the customer.
The contract manager will participate in choosing a
Before finalizing the contract type and contracting method, help
solicitation... determine applicable regulations, and assist in
building an evaluation strategy for offers.
In response to a The seller will submit an offer
solicitation...
The offer must've line with the offerers overall sales
plan and overall risk category. determining which
The sellers offer should parts of the contract performance the offer will need
include assistance from partners, subcontractors, or vendors.
Communicate with the buying activity to make sure all
information has been provided
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