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Exam (elaborations)

CFCM Exam

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Exam of 59 pages for the course CFCM - Certified Federal Contract Manager at CFCM - Certified Federal Contract Manager (CFCM Exam)

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Negotiations can be best defined as:


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Exchanges, in either a competitive or sole source environment b/w the
govt and offerors that are undertaken with the intent of allowing the
offeror to revise its proposal.

,The CO should exercise the Govt's right to terminate a contract for commercial items
either for convenience or for cause only when such a termination:


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Is in the government's best interest




Which of the following contract types places the most cost risk on the Buyer:


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CPFF




What are the types of indefinite-delivery contracts [FAR 16.501-2]?


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Three types:-

definite-quantity contracts, requirements contracts, and indefinite-quantity
contracts.

The appropriate type of indefinite-delivery contract may be used to
acquire supplies and/or services when the exact times and/or exact
quantities of future deliveries are not known at the time of contract award.

Note: (Pursuant to 10 U.S.C. 2304d and 41 U.S.C. 4101, requirements
contracts and indefinite-quantity contracts are also known as delivery-
order contracts or task-order contracts.)

,A protest concerning Small Business representation may be considered timely if .......
(FAR 19.302)?


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if made orally and confirmed in writing within 5-day period.




The purpose of acquisition planning is to ensure that the government meets its needs
in the most __________________ manner. (FAR 7.102)


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most effective, economical, and timely manner.




Response times allowed to respond to solicitations for the acquisition of items :


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- Commercial Items = CO may offer fewer than 30 days
- Except Commercial items = at least 30 days




When shall a contractor provide certification when submitting a claim exceeding [FAR
33.207(a); (d)]?


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Anytime the claim exceeds $100,000.
The aggregate amount of both increased and decreased costs shall be

, used in determining when the dollar thresholds requiring certification.




The fol. types of recurring costs are allowable: (FAR 31.205-28)


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(a) Registry and transfer charges resulting from changes in ownership of
securities issued by the contractor.

(b) Cost of shareholders' meetings.

(c) Normal proxy solicitations.

(d) Preparing and publishing reports to shareholders.

(e) Preparing and submitting required reports and forms to taxing and
other regulatory bodies.

(f) Incidental costs of directors' and committee meetings.

(g) Other similar costs.




When the contracting officer requires a field pricing review of requests for equitable
adjustment, the contracting officer shall provide a list of any significant contract
events which may aid in the analysis of the request. This list should include—{FAR
43.204(b)(5)]


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