CFCM Exam (2025) ||
Questions & Solutions
(Rated A+)
Conceptial Research
, CFCM Exam (2025) || Questions &
Solutions (Rated A+)
In what FAR Part will you find rules and policy on foreign acquisitions? - ANSWER -
Part 25
Contractors' arrangements to pay contingent fees for soliciting or obtaining Government
contracts have long been considered contrary to public policy because: - ANSWER -
Such arrangements may lead to attempted or actual exercise of improper influence.
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 is called - ANSWER -
Determination and Findings
When a mistake in a contractor's bid is not discovered until after award, the mistake
may be corrected by contract modification if... - ANSWER - correcting the mistake would
be favorable to the Government without changing the essential requirements of the
specifications.
These are limited exchanges between the Government and offerors, that may occur
when award without discussions is contemplated: - ANSWER - Clarifications
During source selection it is an acceptable practice to: - ANSWER - inform an offeror
that its price is considered too high.
A system whereby the contracting officer receives authorization from a fiscal and
accounting officer to obligate funds on purchase documents against a specified lump
sum of funds reserved for the purpose for a specified period of time rather than
obtaining individual obligation authority on each purchase document is - ANSWER -
bulk funding.
What term is described by the following: The process by which efforts of all personnel
responsible for an acquisition are coordinated and integrated through a comprehensive
plan for fulfilling the agency need in a timely manner at a reasonable cost. It includes
developing the overall strategy for managing the acquisition - ANSWER - Acquisition
Planning
Except for the acquisition of commercial items, agencies shall allow at least days
response time for receipt of bids or proposals from the date of issuance of a solicitation,
if the contract action is expected to exceed the simplified acquisition threshold. -
ANSWER - 30 days
Government contracts personnel may use liquidated damages clauses only when -
ANSWER - time for delivery or performance is critical.
Questions & Solutions
(Rated A+)
Conceptial Research
, CFCM Exam (2025) || Questions &
Solutions (Rated A+)
In what FAR Part will you find rules and policy on foreign acquisitions? - ANSWER -
Part 25
Contractors' arrangements to pay contingent fees for soliciting or obtaining Government
contracts have long been considered contrary to public policy because: - ANSWER -
Such arrangements may lead to attempted or actual exercise of improper influence.
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 is called - ANSWER -
Determination and Findings
When a mistake in a contractor's bid is not discovered until after award, the mistake
may be corrected by contract modification if... - ANSWER - correcting the mistake would
be favorable to the Government without changing the essential requirements of the
specifications.
These are limited exchanges between the Government and offerors, that may occur
when award without discussions is contemplated: - ANSWER - Clarifications
During source selection it is an acceptable practice to: - ANSWER - inform an offeror
that its price is considered too high.
A system whereby the contracting officer receives authorization from a fiscal and
accounting officer to obligate funds on purchase documents against a specified lump
sum of funds reserved for the purpose for a specified period of time rather than
obtaining individual obligation authority on each purchase document is - ANSWER -
bulk funding.
What term is described by the following: The process by which efforts of all personnel
responsible for an acquisition are coordinated and integrated through a comprehensive
plan for fulfilling the agency need in a timely manner at a reasonable cost. It includes
developing the overall strategy for managing the acquisition - ANSWER - Acquisition
Planning
Except for the acquisition of commercial items, agencies shall allow at least days
response time for receipt of bids or proposals from the date of issuance of a solicitation,
if the contract action is expected to exceed the simplified acquisition threshold. -
ANSWER - 30 days
Government contracts personnel may use liquidated damages clauses only when -
ANSWER - time for delivery or performance is critical.
