©BRAINBARTER 2024/2025 ALL RIGHTS RESERVED.
CON 1300 Exam Questions And Answers.
Updated And Verified.
What is offer? - Answer✔A response to a solicitation that, if accepted, would bind the offeror to
perform the resultant contract.
What's in a proposal? - Answer✔FAR part 15; Negotiation; A government proposal, sometimes
called a government contract proposal, is a response written by a private company to a public
government agency for the purchasing of goods or services. Government RFPs are issued
whenever an agency is in need of a certain product or service. They are done so in a public
matter to make the process fair and to reduce costs.
What's in a bid? - Answer✔FAR part 14; Sealed Bidding; An offer to perform the work described
in a contract at a specified cost. Government bids are generally cost-specific, based on the cost
of labor, materials, profit, and overhead. Bids are normally not negotiated and cannot be
changed once accepted by the owner. Bids are time sensitive and are generally good for 30 to
60 days after the bid opening.
What's in a quote? - Answer✔Far part 13; Simplified Acquisition; A quote is not an offer
because it does not bind the KTR to perform a task. Used to obtain pricing for a specific number
of well-defined items. Specs may be included but no technical or past performance
documentation.
What's in a LPTA? - Answer✔- Evaluation factors and sub factors shall be in the solicitation
- Based on Lowest Price and Technically Acceptable Offer
- Solicitations shall specify that award will be made on basis of LPTA
What's in a Tradeoff? - Answer✔- Characteristics of the tradeoff process; FAR 15.101-1
- Permits tradeoffs among cost and price and non-cost factors
1|Page
, ©BRAINBARTER 2024/2025 ALL RIGHTS RESERVED.
- Allows Government to accept other than the lowest priced proposal
- Awarding to higher priced proposal must merit the additional cost
- Rationale for tradeoffs must be documented in the file
What is the difference between tradeoff and LPTA? - Answer✔Tradeoffs involve balancing
multiple factors to arrive at the best overall solution, while LPTA prioritizes cost above all else
and only requires technical acceptability at a minimum level.
Schedule risk? - Answer✔Is the risk that activities will take longer than expected, and is typically
the result of poor planning or unforeseen circumstances.
Performance risk? - Answer✔Is the risk that the project will fail to produce results consistent
with project specifications.
Cost risk? - Answer✔Is an escalation of project costs. It is the risk that the project will cost more
than the budget allocated for it. Perhaps the most common project risk, is due to poor budget
planning, inaccurate cost estimation, and scope creep.
Objectives of proposal analysis (or objective) - Answer✔Ensure that the final agreed-to price is
fair and reasonable.
Why do we do it (proposal analysis?) - Answer✔The KO is responsible for evaluating the
reasonableness of the offered prices.
Cost realism analysis, why do we do it? - Answer✔(Speaks to their competence)
- Reflect a clear understanding of work
- Are consistent with the unique methods of performance and materials described in the
offeror's technical performance
- Ensure the offeror's ability to perform the contract
Methods of performing price analysis - Answer✔- Comparison of proposed prices received in
response to the solicitation (Competition)
- Comparison of previously proposed prices to historical prices paid for the same of similar or
similar items
- Parametric estimating methods/application of rough yardsticks
2|Page
CON 1300 Exam Questions And Answers.
Updated And Verified.
What is offer? - Answer✔A response to a solicitation that, if accepted, would bind the offeror to
perform the resultant contract.
What's in a proposal? - Answer✔FAR part 15; Negotiation; A government proposal, sometimes
called a government contract proposal, is a response written by a private company to a public
government agency for the purchasing of goods or services. Government RFPs are issued
whenever an agency is in need of a certain product or service. They are done so in a public
matter to make the process fair and to reduce costs.
What's in a bid? - Answer✔FAR part 14; Sealed Bidding; An offer to perform the work described
in a contract at a specified cost. Government bids are generally cost-specific, based on the cost
of labor, materials, profit, and overhead. Bids are normally not negotiated and cannot be
changed once accepted by the owner. Bids are time sensitive and are generally good for 30 to
60 days after the bid opening.
What's in a quote? - Answer✔Far part 13; Simplified Acquisition; A quote is not an offer
because it does not bind the KTR to perform a task. Used to obtain pricing for a specific number
of well-defined items. Specs may be included but no technical or past performance
documentation.
What's in a LPTA? - Answer✔- Evaluation factors and sub factors shall be in the solicitation
- Based on Lowest Price and Technically Acceptable Offer
- Solicitations shall specify that award will be made on basis of LPTA
What's in a Tradeoff? - Answer✔- Characteristics of the tradeoff process; FAR 15.101-1
- Permits tradeoffs among cost and price and non-cost factors
1|Page
, ©BRAINBARTER 2024/2025 ALL RIGHTS RESERVED.
- Allows Government to accept other than the lowest priced proposal
- Awarding to higher priced proposal must merit the additional cost
- Rationale for tradeoffs must be documented in the file
What is the difference between tradeoff and LPTA? - Answer✔Tradeoffs involve balancing
multiple factors to arrive at the best overall solution, while LPTA prioritizes cost above all else
and only requires technical acceptability at a minimum level.
Schedule risk? - Answer✔Is the risk that activities will take longer than expected, and is typically
the result of poor planning or unforeseen circumstances.
Performance risk? - Answer✔Is the risk that the project will fail to produce results consistent
with project specifications.
Cost risk? - Answer✔Is an escalation of project costs. It is the risk that the project will cost more
than the budget allocated for it. Perhaps the most common project risk, is due to poor budget
planning, inaccurate cost estimation, and scope creep.
Objectives of proposal analysis (or objective) - Answer✔Ensure that the final agreed-to price is
fair and reasonable.
Why do we do it (proposal analysis?) - Answer✔The KO is responsible for evaluating the
reasonableness of the offered prices.
Cost realism analysis, why do we do it? - Answer✔(Speaks to their competence)
- Reflect a clear understanding of work
- Are consistent with the unique methods of performance and materials described in the
offeror's technical performance
- Ensure the offeror's ability to perform the contract
Methods of performing price analysis - Answer✔- Comparison of proposed prices received in
response to the solicitation (Competition)
- Comparison of previously proposed prices to historical prices paid for the same of similar or
similar items
- Parametric estimating methods/application of rough yardsticks
2|Page
