CON1100 Midterm Exam Questions With
Solved Solutions.
What are the five key stages of the Contracting Life Cycle? - Answer 1. Acquisition Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
Which stage includes modifications, performance, payments, and contract closeout? - Answer
Contract Administration
The purpose of the Contracting Subway Map is to: - Answer Provide generalized order of
events in the acquisition contracting process
When contemplating the business strategy of a procurement, what should the acquisition team
consider when aligning the strategy to the contractor motivations? - Answer Contract type and
length, financing arrangements, profit/fee percentages, performance evaluation, data rights,
required warranties, maintenance/sustainment, and future requirements
What is the role of the contracting professional? - Answer Serve as overall business advisor to
acquisition team
T/F: Contract management requires both general and business skills in areas such as problem
solving, critical thinking, costumer focus, communication, and technical credibility. Successful
contract management does not allow for adaptability in a changing business environment. -
Answer False
One of the initial steps in Acquisition Planning is to identify the Acquisition Team. How does FAR
1.102-4(e) describes the role of the Contracting Officer within the Acquisition Team? - Answer
Contracting officers should take lead in encouraging business process innovations and ensuring
that business decisions are sound.
The Adaptive Acquisition Framework (AAF) includes six pathways to enable the workforce to
tailor strategies to deliver better solutions faster. What are those 6 pathways? - Answer 1.
, 5. Defense Business
6. Acquisition of Services
Urgent Capability - Answer fulfill urgent existing and/or emerging operational needs or quick
reactions in less than two years.
Middle Tier DoD - Answer rapidly develop fieldable prototypes within acquisition program to
demonstrate new capabilities and/or rapidly field production quantities of systems with proven
technologies that require minimal development.
Major Capability - Answer acquire and modernize military unique programs that provide
enduring capability
Software Acquisition - Answer facilitate rapid and iterative delivery of software capability
systems to user
Defense Business - Answer acquire information systems that support DoD business operations
Acquisition of Services - Answer acquire services from private sector including knowledge-
based, construction, electronics and communications, equipment, facilities, product support,
logistics, medical, research and development, and transportation services.
Acquisition planning must involve all personnel responsible for significant aspects of the
acquisition. What is the purpose of acquisition planning? - Answer Ensure Government meets
its needs in the most effective, economical, and timely manner
Market research means ____ information about capabilities within the market to satisfy agency
needs. - Answer collecting and analyzing
Simplified acquisition is an acquisition method prescribed by FAR part 13 for purchasing
supplies and services, including construction, research and development, and commercial
items, for which the aggregate amount does not exceed the ____ which currently is ____. -
Answer Simplified acquisition threshold (SAT); $250k
Generally, contract types are grouped into what two families? - Answer fixed price; cost
reimbursement
Solved Solutions.
What are the five key stages of the Contracting Life Cycle? - Answer 1. Acquisition Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
Which stage includes modifications, performance, payments, and contract closeout? - Answer
Contract Administration
The purpose of the Contracting Subway Map is to: - Answer Provide generalized order of
events in the acquisition contracting process
When contemplating the business strategy of a procurement, what should the acquisition team
consider when aligning the strategy to the contractor motivations? - Answer Contract type and
length, financing arrangements, profit/fee percentages, performance evaluation, data rights,
required warranties, maintenance/sustainment, and future requirements
What is the role of the contracting professional? - Answer Serve as overall business advisor to
acquisition team
T/F: Contract management requires both general and business skills in areas such as problem
solving, critical thinking, costumer focus, communication, and technical credibility. Successful
contract management does not allow for adaptability in a changing business environment. -
Answer False
One of the initial steps in Acquisition Planning is to identify the Acquisition Team. How does FAR
1.102-4(e) describes the role of the Contracting Officer within the Acquisition Team? - Answer
Contracting officers should take lead in encouraging business process innovations and ensuring
that business decisions are sound.
The Adaptive Acquisition Framework (AAF) includes six pathways to enable the workforce to
tailor strategies to deliver better solutions faster. What are those 6 pathways? - Answer 1.
, 5. Defense Business
6. Acquisition of Services
Urgent Capability - Answer fulfill urgent existing and/or emerging operational needs or quick
reactions in less than two years.
Middle Tier DoD - Answer rapidly develop fieldable prototypes within acquisition program to
demonstrate new capabilities and/or rapidly field production quantities of systems with proven
technologies that require minimal development.
Major Capability - Answer acquire and modernize military unique programs that provide
enduring capability
Software Acquisition - Answer facilitate rapid and iterative delivery of software capability
systems to user
Defense Business - Answer acquire information systems that support DoD business operations
Acquisition of Services - Answer acquire services from private sector including knowledge-
based, construction, electronics and communications, equipment, facilities, product support,
logistics, medical, research and development, and transportation services.
Acquisition planning must involve all personnel responsible for significant aspects of the
acquisition. What is the purpose of acquisition planning? - Answer Ensure Government meets
its needs in the most effective, economical, and timely manner
Market research means ____ information about capabilities within the market to satisfy agency
needs. - Answer collecting and analyzing
Simplified acquisition is an acquisition method prescribed by FAR part 13 for purchasing
supplies and services, including construction, research and development, and commercial
items, for which the aggregate amount does not exceed the ____ which currently is ____. -
Answer Simplified acquisition threshold (SAT); $250k
Generally, contract types are grouped into what two families? - Answer fixed price; cost
reimbursement
