True or False - The contracting officer is a person with the authority to enter into, administer, and/or
terminate contracts and make related determinations and findings. - Answers True
What part of the FAR prescribes policies and procedures for assigning and performing contract
administration and contract audit services?
- FAR Part 31
- FAR Part 32
- FAR Part 37
- FAR Part 42 - Answers FAR Part 42
True or False - The contract administration phase begins before award of the contract. - Answers False
True or False - The contracting officer may delegate additional functions to the CAO beyond those listed
in FAR 42.302? - Answers True
True or False - In a post award meeting, the contracting officer will conduct a preliminary meeting of
Government personnel and will designate or act as the chairperson at the conference. - Answers True
The contract management plan should be kept as simple and precise as possible and should include:
- What must be done
- When it must take place
- Who must do it
- How it is to be accomplished
- Where it is to be accomplished - Answers - What must be done
- When it must take place
- Who must do it
- How it is to be accomplished
- Where it is to be accomplished
True or False - The COR plays an important role in the post award phase of the acquisition and is the
"eyes and ears" of the contracting officer. - Answers True
True or False - The DD Form 1484A may be used in conducting the conference and in preparing the
conference report. - Answers True
, True or False - All invoice payments, with the exception of interim payments on cost-reimbursement
contracts for services, must to supported by a receiving report or other Government documentation
authorizing payment (e.g., Government certified voucher). - Answers True
The Government will not make invoice payments earlier than 7 days prior to the due dates specified in
the contract unless the agency head determines: (select all that apply)
- To make earlier payment on a case-by-case basis.
- That the use of accelerated payment methods are necessary.
- None of the above. - Answers - To make earlier payment on a case-by-case basis.
- That the use of accelerated payment methods are necessary.
What are some examples of contract financing methods?
- Advanced Payments
- Statement of Work Payments
- Arrear Payments
- Progress Payments
- Performance Based Payments - Answers - Advanced Payments
- Progress Payments
- Performance Based Payments
Contracting officers can only provide property to contractors when it is clearly demonstrated: (select all
that apply)
- To be in the Governments best interest.
- That the overall benefit to the acquisition significantly outweighs the increased cost of administration,
including ultimate property disposal.
- That providing the property does not substantially increase the Government's assumption of risk.
- That Government requirements cannot otherwise be met. - Answers - To be in the Governments best
interest.
- That the overall benefit to the acquisition significantly outweighs the increased cost of administration,
including ultimate property disposal.
- That providing the property does not substantially increase the Government's assumption of risk.