AATC CON 1200 FINAL EXAM-ACTUAL EXAM-LATEST UPDATE | COMPLETE QUESTIONS WITH
CORRECT DETAILED AND VERIFIED ANSWERS | RATED 100% CORRECT!!ALREADY GRADED A+|
GUARANTEED PASS!!
1. What is the dollar threshold for FAR 15.407 Make-or-Buy Program?: -estimated value >$15 Million
-KO may require make-or-buy < $15M only if they determine the information is necessary and the reasons are
documented in the contract file
2. FAR 11.101 Order of Precedence for requirements documents: (1) Documents mandated for use by law.
(2) Performance-oriented documents (e.g., a PWS or SOO). (See 2.101.)
(3) Detailed design-oriented documents.
(4) Standards, specifications and related publications issued by the Government outside the Defense or Federal series for
the non-repetitive acquisition of items.
3. The _______ is the preferred method of describing requirement: PWS (Performance Work Statement)
4. R&D (Research and Development); does not become a part of the contract: When do you use a statement of objectives
(SOO)?
5. With very few exceptions, NO contract action can be accomplished until the
______________determines funds are available.: Contracting Officer
6. Misappropriation Act (The Purpose Statute): Requires funds to be used only for the purposes and programs for which
the appropriation was made
7. defined in FAR 15.407-2 as an item or work effort to be produced or performed by the prime contractor or its affiliates,
subsidiaries, or divisions: "Make Item"
8. KOs shall provide property to contractors only when the following is demonstrated:: (1) To be in the Government's
best interest
,(2) That the overall benefit to the acquisition significantly outweighs the increased cost of administration, including
ultimate property disposal
(3) providing the property does not substantially increase the Government's assump-
tion of risk;
(4) That Government requirements cannot otherwise be met.
9. The Government is responsible for providing property that is _____________________. If it fails in
either regard, the
____________________.: in good working order and on time/KTR may request an equitable adjustment
10. Contractors are ordinarily required to furnish all property necessary to perform government contracts:
FAR 45.102 (Government Furnished Property) 11. the part of a contractor's written plan for a contract
identifying those major items to be produced or work efforts to be performed in the prime contractor's facilities
and those to be subcontracted: (FAR 2.101) "Make-or-Buy Program" 12. Contract types place the _______
either on the Government (cost reimbursable) to fully on the contractor (firm-fixed price): Risk
13 Fixed Price Contracts with Economic Price Adjustment (FP EPA): -Provides for upward and downward revision of
the stated contract price upon the occurrence of specified contingencies
-Gives both parties the right to re-adjust total contract amount
14. a common and appropriate way to set up a delivery date: After Date of
Contract Award (ADC)
15. Designed NOT to punish, but to recover actual or anticipated losses, thereby mitigating risk: Liquidation Damages
16. Product and Service Codes Include:: Research and Development (R&D)
Codes
Service Codes
Product Codes
, 17. utilize a 4-position alpha-numeric code; Services and R&D having an alpha character in the first position; Products
have a digit in the first position: PSCs
(Product and Service Codes)
18. When do we schedule acquisition planning?: Urgency of need, Market Conditions, and the Capacity of the contractor
to perform are factors we use to determine when an acquisition plan is due
19. What is the policy for conducting Acquistion planning?: FAR 7.102
20. Fair and realistic price competition
Degree of uncertainty
Complexity of requirement
Risk of performance
Shared responsibility
Length of contracting period
Contractor's accounting system
What do we want to motivate: Factors for Selecting Contract Tyeps
21. Contracts under ________ may be any type of a combination of types: FAR
Part 15
22. A letter contract: A notice from the KO to the contractor to proceed to do work with a not to exceed amount in
emergency situations.
23. Two types of Contracts: 1.Fixed Price (Risk on the contractor)
2.Cost Reimbursable (Risk on the Government)
24. -The Government sets up criteria that we give them a "Report Card" each quarter and they are allowed to earn 100%
of the Award Fee.
CORRECT DETAILED AND VERIFIED ANSWERS | RATED 100% CORRECT!!ALREADY GRADED A+|
GUARANTEED PASS!!
1. What is the dollar threshold for FAR 15.407 Make-or-Buy Program?: -estimated value >$15 Million
-KO may require make-or-buy < $15M only if they determine the information is necessary and the reasons are
documented in the contract file
2. FAR 11.101 Order of Precedence for requirements documents: (1) Documents mandated for use by law.
(2) Performance-oriented documents (e.g., a PWS or SOO). (See 2.101.)
(3) Detailed design-oriented documents.
(4) Standards, specifications and related publications issued by the Government outside the Defense or Federal series for
the non-repetitive acquisition of items.
3. The _______ is the preferred method of describing requirement: PWS (Performance Work Statement)
4. R&D (Research and Development); does not become a part of the contract: When do you use a statement of objectives
(SOO)?
5. With very few exceptions, NO contract action can be accomplished until the
______________determines funds are available.: Contracting Officer
6. Misappropriation Act (The Purpose Statute): Requires funds to be used only for the purposes and programs for which
the appropriation was made
7. defined in FAR 15.407-2 as an item or work effort to be produced or performed by the prime contractor or its affiliates,
subsidiaries, or divisions: "Make Item"
8. KOs shall provide property to contractors only when the following is demonstrated:: (1) To be in the Government's
best interest
,(2) That the overall benefit to the acquisition significantly outweighs the increased cost of administration, including
ultimate property disposal
(3) providing the property does not substantially increase the Government's assump-
tion of risk;
(4) That Government requirements cannot otherwise be met.
9. The Government is responsible for providing property that is _____________________. If it fails in
either regard, the
____________________.: in good working order and on time/KTR may request an equitable adjustment
10. Contractors are ordinarily required to furnish all property necessary to perform government contracts:
FAR 45.102 (Government Furnished Property) 11. the part of a contractor's written plan for a contract
identifying those major items to be produced or work efforts to be performed in the prime contractor's facilities
and those to be subcontracted: (FAR 2.101) "Make-or-Buy Program" 12. Contract types place the _______
either on the Government (cost reimbursable) to fully on the contractor (firm-fixed price): Risk
13 Fixed Price Contracts with Economic Price Adjustment (FP EPA): -Provides for upward and downward revision of
the stated contract price upon the occurrence of specified contingencies
-Gives both parties the right to re-adjust total contract amount
14. a common and appropriate way to set up a delivery date: After Date of
Contract Award (ADC)
15. Designed NOT to punish, but to recover actual or anticipated losses, thereby mitigating risk: Liquidation Damages
16. Product and Service Codes Include:: Research and Development (R&D)
Codes
Service Codes
Product Codes
, 17. utilize a 4-position alpha-numeric code; Services and R&D having an alpha character in the first position; Products
have a digit in the first position: PSCs
(Product and Service Codes)
18. When do we schedule acquisition planning?: Urgency of need, Market Conditions, and the Capacity of the contractor
to perform are factors we use to determine when an acquisition plan is due
19. What is the policy for conducting Acquistion planning?: FAR 7.102
20. Fair and realistic price competition
Degree of uncertainty
Complexity of requirement
Risk of performance
Shared responsibility
Length of contracting period
Contractor's accounting system
What do we want to motivate: Factors for Selecting Contract Tyeps
21. Contracts under ________ may be any type of a combination of types: FAR
Part 15
22. A letter contract: A notice from the KO to the contractor to proceed to do work with a not to exceed amount in
emergency situations.
23. Two types of Contracts: 1.Fixed Price (Risk on the contractor)
2.Cost Reimbursable (Risk on the Government)
24. -The Government sets up criteria that we give them a "Report Card" each quarter and they are allowed to earn 100%
of the Award Fee.
