CON 2370 Simplified Acquisition Procedures Exam Questions with Correct and Verified Answers. 100% Correct

CON 2370 Simplified Acquisition Procedures Exam Questions with Correct and Verified Answers. 100% Correct You are the contracting officer for a requirement for a commercial product with an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct Answer There is no requirement to publicize this action." "You are the contracting officer for a noncommercial supply contract valued at $155,600. Which one of the following actions would be executed using a bilateral modification? - Correct Answer Making a negotiated equitable adjustment" "You are the contracting officer for a firm-fixed-priced services contract valued at $195,400. Which one of the following statements about closeout is correct? - Correct Answer WRONG?! The contract is considered closed once you've received evidence of receipt of receipt of property and final payment." "You are the contracting officer for a firm-fixed price purchase order for non-commercial supplies that includes the clause at FAR 52.213-4. One week after delivery and acceptance of the items, the end user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully compliant with the specifications in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the government? - Correct Answer the contractor" "You have just been informed that a purchase order you recently awarded for commercial services is no longer needed and must be cancelled. The order was accepted in writing by the contractor. Which one of the following statements is true? - Correct Answer CORRECT -The purchase order must be terminated in accordance with FAR 12.403 and FAR 52.212-4 "You have a requirement for administrative support with an estimated value of $1,500,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality and delivery. The list of potential offerors includes 4 small businesses and 8 large businesses. Which one of the following statements is correct? - Correct Answer The entire acquisition must be set aside exclusively for small business." "Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - Correct Answer NOT The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of ****CORRECT purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition NOT he purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts ***The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts" "You are reviewing the requirements package for the purchase of automatic standby generators. Market research results identify multiple sources in the commercial marketplace that meet the essential physical characteristics for this requirement. The generators were previously procured using a military specification that includes restrictive conditions that are not justified. Which one of the following is correct regarding the policies for describing your agency's needs? - Correct Answer NOT-The brand name purchase description is not justified and must be revised to allow companies with similar products to compete. NOT The market research results should be used to define the requirement in terms that will limit competition to save time" "You have a requirement for a new contract for snow removal at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations. Consistent with the order of precedence for requirements documents, which one of the following documents would be included in the new contract? - Correct Answer PWS" "Which one of the following mandatory Government sources is the first priority for satisfying a requirement for supplies? - Correct Answer NOT services listed on federal supply schedules CORRECT services on the procurement list maintained by the committee for purchase from people who are blind or severely disabled" "You have a requirement for administrative support with an estimated value of $1,500,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 4 small businesses and 8 large businesses. Which one of the following statements is correct? - Correct Answer " "Which one of the following market research results would NOT support a commercial item determination? - Correct Answer the part was developed using government funding and is only sold to DoD agencies CORRECT The part sold to the general public needs extensive modifications not customarily available in the commercial marketplace" "You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts are sold to the general public and are used for nongovernmental purposes. The estimated dollar value of the acquisition is $625,000. Which one of the following statements is true? - Correct Answer The use of simplified acquisition procedures is authorized." "You have a requirement for a noncommercial purchase with an estimated value of $225,000. Notice of the proposed contract action is required, and no exceptions apply. Which one of the following solicitation methods would be most appropriate? - Correct Answer Electronic, Commerce" "You have a requirement for a purchase with an estimated value of $8,700. Which one of the following describes the competition requirement for this acquisition? - Correct Answer There is no requirement for competition if the price is considered reasonable." "Which one of the following statements about solicitations using SAP is correct? - Correct Answer CORRECT The basis on which award will be made must be stated Correct-Stating the relative importance assigned to each evaluation factor is not required." "You are the contracting officer for a construction requirement with an estimated value of $20,600. Access to the written solicitation will not be provided in the GPE, and none of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct Answer " "You have a repetitive requirement for individual purchases of the same commercial service. The estimated value of the individual purchases ranges from $75,000 to $500,000. Which one of the following simplified acquisition methods would be the most appropriate to use? - Correct Answer Blanket Purchase Agreement (BPA)" "Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - Correct Answer WRONG -Documenting the quotations with the date and time they were received CORRECT -RANKING THE QUOTATIONS BY TECHNICAL ACCEPTABILITY" "Which one of the following statements about the evaluation of quotations or offers using SAP is true? - Correct Answer NOT Quotations or offers must be evaluated using the basis stated in the solicitation." "You are the contracting officer for a commercial product requirement with an estimated value of $415,000. Six quotations that meet the Government's requirement were received in response to the solicitation and there is no reason to believe the proposed prices are unreasonable. Which one of the following statements about the price reasonableness determination is most appropriate? - Correct Answer Comparison of the quotations will likely meet the requirement to obtain market research in support of the fair and reasonable determination." "Which one of the following is NOT correct regarding documenting the award of a buy using SAP? - Correct Answer NOT award documentation should be kept to a minimum NOT Price reasonableness should be based on competitive quotes or offers whenever possible CORRECT A statement of price reasonableness is not required when only one quote or offer is received --NOT Records of oral price quotations must be established to clearly reflect the appropriate of the award decisions WRONG- award documentation must be extensive and detailed" "You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit quotations from three local sources. Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? - Correct Answer " "Which one of the following would result in the establishment of a contract? - Correct Answer NOT -suppliers written acceptance of an order NOT supplier furnishes the ordered supplies NOT Supplier validates the terms of the quotation Supplier's written acceptance of an order" "Six quotes were received in response to your solicitation for new office equipment that utilized the lowest price technically acceptable source selection process. The quotes submitted by vendors A, B, and D were determined to be technically acceptable. Vendor A quoted a price of $146,500;Vendor B quoted a price of $128,250; andVendor D quoted a price of $132,800. Which one of the following statements about the award decision is correct? - Correct Answer Vender B is the apparent awardee and price reasonableness would be based on competition." "You are the contracting officer for a commercial services contract valued at $3,750,000. Which one of the following statements regarding changes to the contract is true? - Correct Answer " "You are the contracting officer for a firm-fixed price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the end user complains that the goods are not functioning as expected. you investigate and determine that the items are not fully compliant with the specifications in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the governemtn? - Correct Answer THE CONTRACTOR" "Three quotes were received in response to your solicitation for training services. Evaluation was based on a tradoff between price and past performance. The assigned past performance ratings and quoted prices were as follows; vendor a: unacceptable, 216,150 vendor b; acceptable 248,500 vendor c; outstanding 237, 200 - Correct Answer WRONG vendor b vendor c" "You are the contracting officer for a commercial services contract that contains options. You send the preliminary notice of your intent to extend the contract two days after the deadline outlined in the options clause. Which one of the following statements is correct? - Correct Answer the option can only be exercised using a bilateral modification." "You have a requirement for an individual purchase for supplies with an estimated value of 5,875. The supplies are not immediately available. Which one of the following simplified acquistion methods would be the most appropriate to use? - Correct Answer Governmentwide commercial purchase card" "you are the contracting officer for a noncommercial bilateral purchase order for suppplies valued at 155,600. which one of the following actions would be executed using a unilateral modification? - Correct Answer NOT Recognizing an agreement to modify the schedule NOT Issuing a termination notice" WRONG-- The purchase order is considered cancelled once the contracting officer verifies the contractor has received the government's written cancellation WRONG--A purchase order cannot be cancelled after award unless the contractor is in default WRONG-The purchase order is considered cancelled if the contractor accepts the governments written cancellation and does not claim costs were incurred" "Which one of the following market research results would support a commercial item determination? - Correct Answer The services are offered and sold competitively in substantial qualities in the commercial marketplace based on market prices." "You just made an award for services in the amount of $235,200 based on price and past performance. One of the unsuccessful vendors has requested information on the award decision.Which one of the following describes the action you must take? - Correct Answer You must provide a brief explanation of the basis for the award decision" "You have a one time requirement for a purchases of non-commercial supplies with an estimated value of $235,000. The supplies are not immediately available. Which one of the following simplified acquisition methods would be the most appropriate to use? - Correct Answer Purchase order" "You have a requirement for water restoration services at your base in Louisiana. Three services are of a type sold competitively in substantial quantities in the commercial marketplace base on market prices. The estimated dollar value of the acquisition is $1,250,000.Which of the following is true? - Correct Answer the use of simplified acquisition procedures is authorized." "You are the contracting officer for a requirement for commercial services with and estimated value of $780,000. Four quotations were received in response to the solicitation and market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate? - Correct Answer Market research must be conducted or obtained to support the fair and reasonable determination." "Which one of the following is NOT a mandatory Government source for satisfying a supply requirement? - Correct Answer commercial sources" "You have a requirement for help desk support with an estimated value of $450,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 6 small businesses and 4 large businesses.Which one of the following statements is correct? - Correct Answer WRONG The entire acquisition MAY be set aside for exclusively for small business" "You just made a purchase for supplies in the amount of $22,300. You solicited quotations orally from four local sources.Which one of the following statements is correct regarding providing notice to the unsuccessful suppliers? - Correct Answer notice to the unsuccessful suppliers will only be given if requested." "You are reviewing the requirements package for the purchase of automatic standby generators. Market research results identify multiple sources in the commercial marketplace that meet the essential physical characteristics for this requirement. The generators were previously procured using a military specification that includes restrictive conditions that are not justified. Which one of the following is correct regarding the policies for describing your agency's needs? - Correct Answer The requirement should be defined in terms that ensure it can be met by commercial products." "You are the contracting officer for a commercial services requirement with an estimated value of $2,600,000. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Correct Answer Notice of the proposed action must be transmitted to the GPE." "Which one of the following statements about the evaluation of quotations or offers using SAP is true? - Correct Answer WRONG- a formal evaluation plan must be established prior to evaluating quotations or offers The contracting officer is required to consider all quotations or offers" "You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of 1,425,000. Your customer has notified you that contractually required reports accepted by the government was submitted five days late. You investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? - Correct Answer The government must pay for reperformance of the nonconforming service because the report was accepted." "You are the contracting officer for a services contract that contains options. You send the preliminary notice of your intent to extend the contract five days after the deadline outlined in the options clause. Which one of the following statements is correct? - Correct Answer WRONG-You have the right to exercise the option using a unilateral modification" "You are reviewing the requirements package for the purchase of videoconferencing equipment. Market research results identified multiple sources for this equipment in the commercial marketplace. The purchase description requires a particular brand name because the users are familiar with this brand of equipment and would prefer to not have to learn how to use a different one of the following is correct regarding the policies for describing your agency's needs? - Correct Answer The brand name purchase description is not justified and must be revised to allow companies with similar products to compete." "You have a requirement for a one-time purchase with an estimated value of $180,700. You are not required to synopsize this contract action. Which one of the following describes the competition requirement for this acquisition. - Correct Answer Quotes must be solicited from at least three sources. WRONG-the acquisition must utilize full and open competition" "Only one quote was received in response to your competitive solicitation for Government-unique tool kits that utilized the lowest price technically acceptable source selection process. The quote, from Tool Warehouse, was determined to be technically acceptable and was for a price of $124,500.Which one of the following statements about the award decision is correct? - Correct Answer NOT Award can only be made to Tool Warehouse after obtaining approval for the absence of competition NOT The requirement must be rescoliced in order to obtain competition WRONG Award can be made to Tool warehouse only if the price can be determined reasonable based on comparison to the IGE" "You have a requirement for purchase with an estimated value of $13,000. The use of electronic commerce is not practical and notice of the proposed contract action is not required. Which one of the following solicitation methods would be most appropriate? - Correct Answer Oral Solicitation" "You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment.Which one of the following is correct regarding the policies for describing your agency's needs? - Correct Answer The basis for not providing for maximum competition must be documented in the contract file." "Which one of the following statements about solicitations using SAP is correct. - Correct Answer The bases on which award will be made must be stated (1 of 3 known answers) Buyers are encouraged to use best value" "You are the contracting officer for a commercial product requirement with an estimated value of $178,000. Only one quotation was received in response to the competitive solicitation, and the information obtained through market research is insufficient to determine the quoted price fair and reasonable.Which one of the following statements about the price reasonableness determination is most appropriate? - Correct Answer Recent purchase prices paid for the item under similar terms and conditions should be considered if they are still valid comparison" "You have a requirement for repair parts to support routine maintenance services at the shop on your base. the parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000.Which one of the following statements is true? - Correct Answer the use of simplified acquisition procedures is prohibited." "You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required.Which one of the following solicitation methods must be used? - Correct Answer written solicitation" "You are the contracting officer for a firm-fixed-price services contract valued at $105,975. Which one of the following statements about contract closeout is correct? - Correct Answer The contract is considered closed once you've received evidence of receipt of services and final payment" "Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - Correct Answer Ensuring quotations are marked with the date and time they were received"