Basic Certification Contracting Exam
Questions And Answers
What are the 3 phases of contract life cycle? - - -
correct answer ✅Pre-Award, Award, and Post-Award
The Pre-award phase consists of 2 primary activities, what are
they? - - -
correct answer ✅Develop Solicitation and Develop Offer
What one activity is in the award phase? - - -
correct answer ✅Form the Contract
The post-award phase is comprised of 2 primary activities, what are
they? - - -
correct answer ✅Perform Contract and Close Contract
Who develops a solitication? - - -
correct answer ✅The Government and the buyer
Who prepares an offer? - - -
correct answer ✅The Contractor and the seller
,Basic Certification Contracting Exam
Questions And Answers
During the post-award phase while the contract is being performed,
who has the responsibility for quality? - - -
correct answer ✅The seller
What is the means by acquiring by contract with appropriated
funds of supplies or services by and for the use of the Federal
Government through purchase or lease? - - -
correct answer ✅Acquisition
What FAR part covers personal conflict of interest? - - -
correct answer ✅FAR Part 3
What FAR part covers organizational conflict of interest? - - -
correct answer ✅FAR Part 9
Who has the authority to the maximum extent practicable and
consistent with law, to determine the application of rules,
regulations, and policies, on a specific contract? - - -
correct answer ✅The Contracting Officer
,Basic Certification Contracting Exam
Questions And Answers
Openness for the contracting officer applies primarily to? - - -
correct answer ✅The Acquisition Team, Contractor, Offerors, and
The Contracting Team
What is a Determination and Findings (D&F)? - - -
correct answer ✅Determination is a conclusion or decision
supported by the findings.
What is 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. - - -
correct answer ✅A Determination and Findings (D&F)
What is it called when a practice of conducting acquisition actions
of any kind at any stage of the acquisition process that is
inconsistent with the FAR? - - -
correct answer ✅Deviation
What is a summary of the contractor's proposal, any field pricing
assistance recommendations, including the reasons for any
pertinent variances from them, the Government's negotiation
objective, and the negotiated position. Where the determination of
a fair and reasonable price is based on cost analysis, the summary
, Basic Certification Contracting Exam
Questions And Answers
shall address each major cost element. When determination of a
fair and reasonable price is based on price analysis, the summary
shall include the source and type of data used to support the
determination. - - -
correct answer ✅Negotiation
You need to document a business decision, such as the use of a
specific contract type. What document will you create? - - -
correct answer ✅A Determination and Findings (D&F)
At the conclusion of negotiations, the contracting officer will
complete a what? - - -
correct answer ✅Price Negotiation Memorandum (PNM)
Prior to negotiation a sole source contract, the contracting officer
must complete a what? - - -
correct answer ✅Justification and Approval (J&A)
This form is used to award negotiated contracts in which signatures
of both parties on a single document is appropriate. - - -
correct answer ✅SF 26 - Award/Contract
Questions And Answers
What are the 3 phases of contract life cycle? - - -
correct answer ✅Pre-Award, Award, and Post-Award
The Pre-award phase consists of 2 primary activities, what are
they? - - -
correct answer ✅Develop Solicitation and Develop Offer
What one activity is in the award phase? - - -
correct answer ✅Form the Contract
The post-award phase is comprised of 2 primary activities, what are
they? - - -
correct answer ✅Perform Contract and Close Contract
Who develops a solitication? - - -
correct answer ✅The Government and the buyer
Who prepares an offer? - - -
correct answer ✅The Contractor and the seller
,Basic Certification Contracting Exam
Questions And Answers
During the post-award phase while the contract is being performed,
who has the responsibility for quality? - - -
correct answer ✅The seller
What is the means by acquiring by contract with appropriated
funds of supplies or services by and for the use of the Federal
Government through purchase or lease? - - -
correct answer ✅Acquisition
What FAR part covers personal conflict of interest? - - -
correct answer ✅FAR Part 3
What FAR part covers organizational conflict of interest? - - -
correct answer ✅FAR Part 9
Who has the authority to the maximum extent practicable and
consistent with law, to determine the application of rules,
regulations, and policies, on a specific contract? - - -
correct answer ✅The Contracting Officer
,Basic Certification Contracting Exam
Questions And Answers
Openness for the contracting officer applies primarily to? - - -
correct answer ✅The Acquisition Team, Contractor, Offerors, and
The Contracting Team
What is a Determination and Findings (D&F)? - - -
correct answer ✅Determination is a conclusion or decision
supported by the findings.
What is 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. - - -
correct answer ✅A Determination and Findings (D&F)
What is it called when a practice of conducting acquisition actions
of any kind at any stage of the acquisition process that is
inconsistent with the FAR? - - -
correct answer ✅Deviation
What is a summary of the contractor's proposal, any field pricing
assistance recommendations, including the reasons for any
pertinent variances from them, the Government's negotiation
objective, and the negotiated position. Where the determination of
a fair and reasonable price is based on cost analysis, the summary
, Basic Certification Contracting Exam
Questions And Answers
shall address each major cost element. When determination of a
fair and reasonable price is based on price analysis, the summary
shall include the source and type of data used to support the
determination. - - -
correct answer ✅Negotiation
You need to document a business decision, such as the use of a
specific contract type. What document will you create? - - -
correct answer ✅A Determination and Findings (D&F)
At the conclusion of negotiations, the contracting officer will
complete a what? - - -
correct answer ✅Price Negotiation Memorandum (PNM)
Prior to negotiation a sole source contract, the contracting officer
must complete a what? - - -
correct answer ✅Justification and Approval (J&A)
This form is used to award negotiated contracts in which signatures
of both parties on a single document is appropriate. - - -
correct answer ✅SF 26 - Award/Contract
