AATC 1300 Exam with correct |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
answers
What is a Quote? - correct answer✔✔A quote is not an offer because it does not bind the
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contractor to perform a task. |||\\\ |||\\\ |||\\\ |||\\\
What is an Offer? - correct answer✔✔A response to a solicitation that, if accepted, would bind
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the offeror to perform the resultant contract.. (EX. RFP / IFB / RFQ).
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What are the "responses" to RFQ, IFB, or RFP? - correct answer✔✔Ø RFQ (simplified
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acquisition) are "quotations," not offers |||\\\ |||\\\ |||\\\ |||\\\
Ø IFBs (sealed bidding) are offers called "bids" or "sealed bids";
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Ø RFP (negotiation) are offers called "proposals"
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What is the difference between Sealed Bids, LPTA, Trade-off processes? - correct answer✔✔
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What is a Bid? - correct answer✔✔o An offer to perform the work described in a contract at a
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specified cost.. |||\\\
o Bids are normally not negotiated and cannot be changed once accepted by the owner.
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An offer for a ______ under FAR _______ is a purchase order - correct answer✔✔RFQ
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FAR Subpart 9.4 |||\\\ |||\\\
An offer for a _______ under FAR ______ is a Quote - correct answer✔✔RFQ
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, FAR Part 13 |||\\\ |||\\\
An offer for a _______ under FAR ______ is a bid or sealed bid - correct answer✔✔IFB
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FAR Part 14 |||\\\ |||\\\
An offer for a _______ under FAR _____ is a proposal - correct answer✔✔RFP
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FAR Part 15 |||\\\ |||\\\
_______ risk is an escalation of project costs. - correct answer✔✔Cost |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
o Perhaps the most common project risk, cost risk is due to poor budget planning, inaccurate
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cost estimating, and scope creep. |||\\\ |||\\\ |||\\\ |||\\\
________ risk is the risk that activities will take longer than expected - correct |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
answer✔✔Schedule |||\\\
o Typically the result of poor planning or unforeseen circumstances
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___________ risk is the risk that the project will fail to produce results consistent with project |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
specifications - correct answer✔✔Performance |||\\\ |||\\\ |||\\\ |||\\\
o Can lead to cost risk and schedule risk when the performance of a team or technology results
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in an increase in cost and duration of the project.
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What is the purpose of Proposal Analysis Techniques? - correct answer✔✔Ø The objective of
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proposal analysis is to ensure that the final agreed-to price is fair and reasonable.
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Ø The KO is responsible for evaluating the reasonableness of the offered prices.
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answers
What is a Quote? - correct answer✔✔A quote is not an offer because it does not bind the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contractor to perform a task. |||\\\ |||\\\ |||\\\ |||\\\
What is an Offer? - correct answer✔✔A response to a solicitation that, if accepted, would bind
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
the offeror to perform the resultant contract.. (EX. RFP / IFB / RFQ).
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
What are the "responses" to RFQ, IFB, or RFP? - correct answer✔✔Ø RFQ (simplified
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
acquisition) are "quotations," not offers |||\\\ |||\\\ |||\\\ |||\\\
Ø IFBs (sealed bidding) are offers called "bids" or "sealed bids";
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Ø RFP (negotiation) are offers called "proposals"
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What is the difference between Sealed Bids, LPTA, Trade-off processes? - correct answer✔✔
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What is a Bid? - correct answer✔✔o An offer to perform the work described in a contract at a
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specified cost.. |||\\\
o Bids are normally not negotiated and cannot be changed once accepted by the owner.
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An offer for a ______ under FAR _______ is a purchase order - correct answer✔✔RFQ
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FAR Subpart 9.4 |||\\\ |||\\\
An offer for a _______ under FAR ______ is a Quote - correct answer✔✔RFQ
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, FAR Part 13 |||\\\ |||\\\
An offer for a _______ under FAR ______ is a bid or sealed bid - correct answer✔✔IFB
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FAR Part 14 |||\\\ |||\\\
An offer for a _______ under FAR _____ is a proposal - correct answer✔✔RFP
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FAR Part 15 |||\\\ |||\\\
_______ risk is an escalation of project costs. - correct answer✔✔Cost |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
o Perhaps the most common project risk, cost risk is due to poor budget planning, inaccurate
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cost estimating, and scope creep. |||\\\ |||\\\ |||\\\ |||\\\
________ risk is the risk that activities will take longer than expected - correct |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
answer✔✔Schedule |||\\\
o Typically the result of poor planning or unforeseen circumstances
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___________ risk is the risk that the project will fail to produce results consistent with project |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
specifications - correct answer✔✔Performance |||\\\ |||\\\ |||\\\ |||\\\
o Can lead to cost risk and schedule risk when the performance of a team or technology results
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in an increase in cost and duration of the project.
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What is the purpose of Proposal Analysis Techniques? - correct answer✔✔Ø The objective of
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proposal analysis is to ensure that the final agreed-to price is fair and reasonable.
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Ø The KO is responsible for evaluating the reasonableness of the offered prices.
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