FAC-C LATEST
PROFESSIONAL
EXAM PREP
The CO has obtained information that a potential offeror does not
have adequate financial resources to perform the contract or the
ability to obtain them. What will this information be used to
determine about the offeror?
Responsibility
To whom shall protests to the agency be addressed?
The CO
If an agency protest is received before award, may the contracting
officer generally proceed with the award?
No
On receiving notice that a protest has been filed with the
Government Accountability Office (GAO) before award, can the CO
award the contract?
Yes, provided that the HCA approved the action based on urgent and
compelling circumstances
When must a protest alleging apparent improprieties in a
solicitation be filed with the agency?
Any time before bid opening or the closing date for receipt of proposals
Who has jurisdiction to hear bid protest cases?
The U.S. Court of Federal Claims
END OF
PAGE
1
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
What is a written demand by one of the contracting parties seeking
payment of money, adjustment or interpretation of contract terms,
or other relief called?
Claim
An appeal from a contracting officer's final decision may be filed
before the board of contract appeals. If with the board, when must
the appeal be filed?
Within 90 days of the CO's final decision
The government will not make invoice payments earlier than seven
days prior to the due dates specified in the contract unless what is
determined by the agency head?
To make earlier payment on a case-by-case basis
That the use of accelerated payment methods are necessary
What is true about billing rates as an indirect cost rate?
They are established temporarily for interim reimbursement of incurred
indirect costs
They are adjusted as necessary pending establishment of final indirect
cost rates
Final indirect cost rates are established on what basis?
END OF
PAGE
2
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
Contracting officer determination procedure
Auditor determination procedure
Up to how many calendar days are contractors afforded from the
date of notification of availability of the past performance
evaluation to submit comments, rebutting statements, or additional
information?
14 days
When does contract administration begin?
When the contract is awarded
What is the first task in the contract administration process?
Review the contract file to identify critical contract requirements and
clauses
What does the Prompt Payment Act require?
Payment within 30 days of receipt by the designated billing office
If a contractor's invoice is incorrect or incomplete, it must be
returned to the contractor within how many calendar days of
receipt or it is considered to be accepted?
7 days
What is the government's obligation when providing government
property to a contractor?
END OF
PAGE
3
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
Furnish all required property within the time specified in the contract, in
a suitable condition
Your contractor has asked for an interim performance report. Can
you provide it?
Yes, interim reports are optional
What would best describe the stakeholder role of a member of
Congress?
A governance stakeholder
The government generally relies on the contractor's existing quality
control as a substitute for in-process government inspection when
acquiring what?
Commercial products/services
Government reliance on inspection by the contractor is applicable to
inspection of commercial products. An in-process inspection of a
commercial product can only be done if what occurs?
The contracting officer determines the need and market research
supports an in-process inspection as a common industry practice
What can inspection be best defined as?
Examining/testing supplies or services to determine if they conform to
the contract
END OF
PAGE
4
PROFESSIONAL
EXAM PREP
The CO has obtained information that a potential offeror does not
have adequate financial resources to perform the contract or the
ability to obtain them. What will this information be used to
determine about the offeror?
Responsibility
To whom shall protests to the agency be addressed?
The CO
If an agency protest is received before award, may the contracting
officer generally proceed with the award?
No
On receiving notice that a protest has been filed with the
Government Accountability Office (GAO) before award, can the CO
award the contract?
Yes, provided that the HCA approved the action based on urgent and
compelling circumstances
When must a protest alleging apparent improprieties in a
solicitation be filed with the agency?
Any time before bid opening or the closing date for receipt of proposals
Who has jurisdiction to hear bid protest cases?
The U.S. Court of Federal Claims
END OF
PAGE
1
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
What is a written demand by one of the contracting parties seeking
payment of money, adjustment or interpretation of contract terms,
or other relief called?
Claim
An appeal from a contracting officer's final decision may be filed
before the board of contract appeals. If with the board, when must
the appeal be filed?
Within 90 days of the CO's final decision
The government will not make invoice payments earlier than seven
days prior to the due dates specified in the contract unless what is
determined by the agency head?
To make earlier payment on a case-by-case basis
That the use of accelerated payment methods are necessary
What is true about billing rates as an indirect cost rate?
They are established temporarily for interim reimbursement of incurred
indirect costs
They are adjusted as necessary pending establishment of final indirect
cost rates
Final indirect cost rates are established on what basis?
END OF
PAGE
2
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
Contracting officer determination procedure
Auditor determination procedure
Up to how many calendar days are contractors afforded from the
date of notification of availability of the past performance
evaluation to submit comments, rebutting statements, or additional
information?
14 days
When does contract administration begin?
When the contract is awarded
What is the first task in the contract administration process?
Review the contract file to identify critical contract requirements and
clauses
What does the Prompt Payment Act require?
Payment within 30 days of receipt by the designated billing office
If a contractor's invoice is incorrect or incomplete, it must be
returned to the contractor within how many calendar days of
receipt or it is considered to be accepted?
7 days
What is the government's obligation when providing government
property to a contractor?
END OF
PAGE
3
, FAC-C LATEST
PROFESSIONAL
EXAM PREP
Furnish all required property within the time specified in the contract, in
a suitable condition
Your contractor has asked for an interim performance report. Can
you provide it?
Yes, interim reports are optional
What would best describe the stakeholder role of a member of
Congress?
A governance stakeholder
The government generally relies on the contractor's existing quality
control as a substitute for in-process government inspection when
acquiring what?
Commercial products/services
Government reliance on inspection by the contractor is applicable to
inspection of commercial products. An in-process inspection of a
commercial product can only be done if what occurs?
The contracting officer determines the need and market research
supports an in-process inspection as a common industry practice
What can inspection be best defined as?
Examining/testing supplies or services to determine if they conform to
the contract
END OF
PAGE
4
