CON 3910 SECTION 4 QUESTIONS & ANSWERS
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. -
Answer -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 - Answer -FAR Part 42
True or False - The contract administration phase begins before award of the contract. -
Answer -False
True or False - The contracting officer may delegate additional functions to the CAO
beyond those listed in FAR 42.302? - Answer -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. - Answer -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 - Answer -- 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. - Answer -True
True or False - The DD Form 1484A may be used in conducting the conference and in
preparing the conference report. - Answer -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). -
Answer -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. - Answer -- 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 - Answer -- 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. - Answer -- 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.
True or False - Government property shall normally be provided on a rent-free basis in
performance of the contract under which it is accountable or otherwise authorized. -
Answer -True
True or False - Generally, contractors are held liable for loss of Government property. -
Answer -False
True or False - The Rate Cycle process all starts when the Contractor submits a
Forward Pricing Rate Proposal (FPRP) at the beginning of an accounting period. DCAA
and DCMA take that proposal through a process that will ultimately lead to a Forward
Pricing Rate Agreement (FPRA). - Answer -True
True or False - Billing rates are used to adjust and close out contracts. - Answer -False
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. -
Answer -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 - Answer -FAR Part 42
True or False - The contract administration phase begins before award of the contract. -
Answer -False
True or False - The contracting officer may delegate additional functions to the CAO
beyond those listed in FAR 42.302? - Answer -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. - Answer -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 - Answer -- 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. - Answer -True
True or False - The DD Form 1484A may be used in conducting the conference and in
preparing the conference report. - Answer -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). -
Answer -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. - Answer -- 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 - Answer -- 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. - Answer -- 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.
True or False - Government property shall normally be provided on a rent-free basis in
performance of the contract under which it is accountable or otherwise authorized. -
Answer -True
True or False - Generally, contractors are held liable for loss of Government property. -
Answer -False
True or False - The Rate Cycle process all starts when the Contractor submits a
Forward Pricing Rate Proposal (FPRP) at the beginning of an accounting period. DCAA
and DCMA take that proposal through a process that will ultimately lead to a Forward
Pricing Rate Agreement (FPRA). - Answer -True
True or False - Billing rates are used to adjust and close out contracts. - Answer -False
