CON 3990 Exam Study Guide With 60 questions and answers new!! Updated

CON 3990 Exam Study Guide With 60 ques ons and
answers new!! Updated
Allowable Cost: Reasonable?

Yes

Allowable Cost: Realis c?

No

Allowable Cost: Any limita ons set forth in FAR subpart 31.2?

Yes

Allowable Cost: IAW the terms of the contract?

Yes

Allowable Cost: IAW Common Law?

No

Allowable Cost: Allocable?

Yes

Allowable Cost: IAW Cost Accoun ng Standards; IAW Generally Accepted Accoun ng Standards?

Yes

Allowable Cost: Any Limita ons set forth in FAR subpart 15.1?

No

Modifica on Type: Exercising an Op on

Unilateral

Modifica on Type: Administra ve Change

Unilateral

Modifica on Type: An Agreement defini zing a le3er contract

Bilateral

Modifica on Type: Modifying terms and condi ons

, Bilateral

Modifica on Type: Nego ated equitable adjustment

Bilateral

Modifica on Type: Issue a change order

Unilateral

Contract type: Cost-Plus-Percentage of Cost

Shall not be used

Contract type: FP-EPA

Commercial Item & Sealed Bidding

Contract type: FFP

Commercial Item & Sealed Bidding

Contract type: Cost-Plus-Incen ve-Fee

Incen ve Contracts

Contract type: Cost-Plus-Award-Fee

Incen ve Contracts

Contract type: Fixed Price Incen ve Firm

Incen ve Contracts

Cost or Pricing Data: Factual, not judgmental?

Yes

Cost or Pricing Data: Opinions?

No

Cost or Pricing Data: Subjec ve?

No

Cost or Pricing Data: Verifiable?

Yes

Cost or Pricing Data: Facts expected to significantly affect price nego a ons?