©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
CON 1300 EXAM Questions With Correct
Answers 100% Verified.
Quote - Answer✔Used to obtain pricing for a specific number of well-defined items. Specs may
be included but no technical or past performance documentation
Offer - Answer✔A response to a solicitation that, if accepted, would bind the offeror to perform
the resultant contract
Sealed Bid - Answer✔An offer for an IFB under FAR part 14 is a bid or ______________
Lowest Price Technically Acceptable (LPTA) - Answer✔- Based on Lowest Price and Technically
Acceptable Offer
- Evaluation factors and sub factors shall be in the solicitation
- Solicitations shall specify that award will be made on basis of LPTA
Tradeoff (Far 15.101-1) - Answer✔- Permits among cost, price and non-cost factors
- Statement: Technical and Past performance added together (=, <, > price)
- Government allowed to accept other than the lowest priced proposal
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
, ©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
Cost, Schedule, and Performance - Answer✔What are the three key risk elements
Purpose of Proposal Analysis Objectives - Answer✔Is to ensure that the final agreed-to price is
fair and reasonable
Price, Cost and Cost Realism Analysis - Answer✔What are the Methods of Proposal Analysis
Cost Realism Analysis: (Fixed Price Contracts) - Answer✔- Shall be performed on cost-
reimbursement contracts to determine the probable cost of performance for each offeror.
- Prevent Buy-In: Contractor offers a low price to get the contract and then raises their prices
once the contract is awarded.
Price Analysis - Answer✔- Evaluating proposed total price and not the separate cost elements
and profit
- We use price analysis daily when comparing prices of say: Cars or Restaurants.
- Shall be used when certified cost or pricing data are not required.
- Examples: Multiple Awards vs Single Award and Government Furnished Property
Examples of Price Related Factors - Answer✔- HUBZone (F&O, exceed threshold, add 10% to
price evaluation preference (PEP))
- Multiple Award (FAR 52.214-22 and FAR 52.214-1(f) (6), achieve savings)
- Government Furnished Property (Applies to competitive fixed-price contracts, only!)
- Buy American Act (must be intended for public use within the United States and procure
domestic material and product)
- Transportation Costs (Free on Board: Contractor bears expense to transport, Government
assumes risk after acceptance)
CON 1300 EXAM Questions With Correct
Answers 100% Verified.
Quote - Answer✔Used to obtain pricing for a specific number of well-defined items. Specs may
be included but no technical or past performance documentation
Offer - Answer✔A response to a solicitation that, if accepted, would bind the offeror to perform
the resultant contract
Sealed Bid - Answer✔An offer for an IFB under FAR part 14 is a bid or ______________
Lowest Price Technically Acceptable (LPTA) - Answer✔- Based on Lowest Price and Technically
Acceptable Offer
- Evaluation factors and sub factors shall be in the solicitation
- Solicitations shall specify that award will be made on basis of LPTA
Tradeoff (Far 15.101-1) - Answer✔- Permits among cost, price and non-cost factors
- Statement: Technical and Past performance added together (=, <, > price)
- Government allowed to accept other than the lowest priced proposal
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
, ©EVERLY 2024/2025 ALL RIGHTS RESERVED 1/29/2025. EY
Cost, Schedule, and Performance - Answer✔What are the three key risk elements
Purpose of Proposal Analysis Objectives - Answer✔Is to ensure that the final agreed-to price is
fair and reasonable
Price, Cost and Cost Realism Analysis - Answer✔What are the Methods of Proposal Analysis
Cost Realism Analysis: (Fixed Price Contracts) - Answer✔- Shall be performed on cost-
reimbursement contracts to determine the probable cost of performance for each offeror.
- Prevent Buy-In: Contractor offers a low price to get the contract and then raises their prices
once the contract is awarded.
Price Analysis - Answer✔- Evaluating proposed total price and not the separate cost elements
and profit
- We use price analysis daily when comparing prices of say: Cars or Restaurants.
- Shall be used when certified cost or pricing data are not required.
- Examples: Multiple Awards vs Single Award and Government Furnished Property
Examples of Price Related Factors - Answer✔- HUBZone (F&O, exceed threshold, add 10% to
price evaluation preference (PEP))
- Multiple Award (FAR 52.214-22 and FAR 52.214-1(f) (6), achieve savings)
- Government Furnished Property (Applies to competitive fixed-price contracts, only!)
- Buy American Act (must be intended for public use within the United States and procure
domestic material and product)
- Transportation Costs (Free on Board: Contractor bears expense to transport, Government
assumes risk after acceptance)
