CON 3900 Week 1 Exam Questions with Verified Solutions Latest Version 2025
Elements of a Contract - Answers 1. Capacity
2. Mutual Assent
3. Consideration
4. Lawful Purpose
Contract - Answers A mutually binding legal relationship obligating the seller to furnish the supplies or
services (including construction) and the buyer to pay for them.
Capacity - Answers refers to the legal competence of a person to enter a valid contract.
Mutual Assent - Answers also known as a meeting of the minds. The parties involved in a contract must
come to an agreement about the details of the transaction and each party either makes a promise or
begins or renders performance.
Consideration - Answers something of value that a promisor (the offeror) receives from a promisee (the
offeree) in return for his or her offer. Without this a contract is not enforceable.
Lawful Purpose - Answers A contract is unenforceable if any term of the agreement is contrary to public
policy. Public policy are governmental policies regarding public morals, health, safety, and welfare that
affect the whole population
Market research can be both - Answers strategic and tactical
organizational and consultant conflicts of interest - Answers a contractor (or potential contractor) is in a
situation which by way of contract performance gives them an unfair advantage or will bias their
performance in making recommendations to the Government.
Title Transfer shall pass to the govt - Answers upon formal acceptance, regardless of when or where the
Government takes physical possession, unless the contract specifically provides for earlier passage of
title.
A warranty shall provide as a minimum that the Government may- - Answers 1. Obtain an equitable
adjustment of the contract, or
2. Direct the contractor to repair or replace the defective items at the contractor's expense.
A cure notice is issued when: - Answers 1. Contractor fails to make progress and performance is
endangered.
2. Performance problems do not involve terms for delivery.
3. At least 10 days remain for contract performance and correction of the problem can be reasonably
expected in the time remaining.
, A show cause is used - Answers either after the cure notice fails to correct the delinquency or when
there is insufficient time remaining in the schedule - less than 10 days.
Personal conflict of interest - Answers where a contractor employee has some interest that could impair
their ability to act impartially and in the best interest of the Government when performing under a
contract.
What FAR part is organizational conflict of interest - Answers 9
You need to document a business decision, such as the use of a specific contract type. What document
will you create? - Answers A Determination and Findings
Determination and Findings - Answers a special form of written approval by an authorized official that is
required by statute or regulation as a prerequisite to taking certain contract actions.
Need a J&A if the CO is - Answers negotiating for a sole source contract, commence negotiations for a
contract resulting from an unsolicited proposal, or award any other contract without providing for full
and open competition unless the contracting officer
SF 26 - Answers Award/Contract - used to award negotiated contracts in which signatures of both
parties on a single document is appropriate.
SF 30 - Answers Amendment of Solicitation/Modification of Contract
SF 33 - Answers Solicitation, Offer, and Award - may be used to award either negotiated contracts or
contracts utilizing sealed bidding.
SF 44 - Answers Purchase Order/Invoice/Voucher
SF 1409 - Answers Abstract of Offers
Prescribed for use in recording bids.
SF 1442 - Answers Solicitation, Offer, and Award (Construction, Alteration, or Repair)
SF 1449 - Answers Solicitation/Contract/Order for Commercial Items
DD 254 - Answers Contract Security classification Specification: used to provide security classification
guidance to U.S. contractors, and subcontractors as applicable, requiring access to information classified
as "Confidential, Secret, or Top Secret.
DD 1155 - Answers Order for Supplies and Services
DD 1547 - Answers Weighted Guidelines
DD 1861 - Answers Contract Facilities Capital Cost of Money
Elements of a Contract - Answers 1. Capacity
2. Mutual Assent
3. Consideration
4. Lawful Purpose
Contract - Answers A mutually binding legal relationship obligating the seller to furnish the supplies or
services (including construction) and the buyer to pay for them.
Capacity - Answers refers to the legal competence of a person to enter a valid contract.
Mutual Assent - Answers also known as a meeting of the minds. The parties involved in a contract must
come to an agreement about the details of the transaction and each party either makes a promise or
begins or renders performance.
Consideration - Answers something of value that a promisor (the offeror) receives from a promisee (the
offeree) in return for his or her offer. Without this a contract is not enforceable.
Lawful Purpose - Answers A contract is unenforceable if any term of the agreement is contrary to public
policy. Public policy are governmental policies regarding public morals, health, safety, and welfare that
affect the whole population
Market research can be both - Answers strategic and tactical
organizational and consultant conflicts of interest - Answers a contractor (or potential contractor) is in a
situation which by way of contract performance gives them an unfair advantage or will bias their
performance in making recommendations to the Government.
Title Transfer shall pass to the govt - Answers upon formal acceptance, regardless of when or where the
Government takes physical possession, unless the contract specifically provides for earlier passage of
title.
A warranty shall provide as a minimum that the Government may- - Answers 1. Obtain an equitable
adjustment of the contract, or
2. Direct the contractor to repair or replace the defective items at the contractor's expense.
A cure notice is issued when: - Answers 1. Contractor fails to make progress and performance is
endangered.
2. Performance problems do not involve terms for delivery.
3. At least 10 days remain for contract performance and correction of the problem can be reasonably
expected in the time remaining.
, A show cause is used - Answers either after the cure notice fails to correct the delinquency or when
there is insufficient time remaining in the schedule - less than 10 days.
Personal conflict of interest - Answers where a contractor employee has some interest that could impair
their ability to act impartially and in the best interest of the Government when performing under a
contract.
What FAR part is organizational conflict of interest - Answers 9
You need to document a business decision, such as the use of a specific contract type. What document
will you create? - Answers A Determination and Findings
Determination and Findings - Answers a special form of written approval by an authorized official that is
required by statute or regulation as a prerequisite to taking certain contract actions.
Need a J&A if the CO is - Answers negotiating for a sole source contract, commence negotiations for a
contract resulting from an unsolicited proposal, or award any other contract without providing for full
and open competition unless the contracting officer
SF 26 - Answers Award/Contract - used to award negotiated contracts in which signatures of both
parties on a single document is appropriate.
SF 30 - Answers Amendment of Solicitation/Modification of Contract
SF 33 - Answers Solicitation, Offer, and Award - may be used to award either negotiated contracts or
contracts utilizing sealed bidding.
SF 44 - Answers Purchase Order/Invoice/Voucher
SF 1409 - Answers Abstract of Offers
Prescribed for use in recording bids.
SF 1442 - Answers Solicitation, Offer, and Award (Construction, Alteration, or Repair)
SF 1449 - Answers Solicitation/Contract/Order for Commercial Items
DD 254 - Answers Contract Security classification Specification: used to provide security classification
guidance to U.S. contractors, and subcontractors as applicable, requiring access to information classified
as "Confidential, Secret, or Top Secret.
DD 1155 - Answers Order for Supplies and Services
DD 1547 - Answers Weighted Guidelines
DD 1861 - Answers Contract Facilities Capital Cost of Money
