CON 3990 PREP EXAM ACTUAL EXAM QUESTIONS WITH
COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERIFIED)
LATEST VERSION 2025!!
What are the three contracting life cycle phases - (Correct Answer) -Pre-
award, Award, and Post-award
Define the pre-award phase - (Correct Answer) -Invokes all work performed
by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub)
in communicating the buyer's requirements and providing a solution to those
requirements
What typically starts before the contracting process? - (Correct Answer) -
Requirement definition, budgeting/funding process, and acquisition planning.
The pre-award phase consist of what two primary activities? - (Correct
Answer) -Develop Solicitation (for our purpose, this is done by the Gov't or
the contractor) and develop offer (this is done by the contractor or sub)
In planning the solicitation - (Correct Answer) -The buying activity must
assess the need and analyze the requirement as well make sure that
contract outcomes will be measurable and properly incentivized. They buying
activity must also verify availability of funds.
Buying activities must also - (Correct Answer) -Conduct market research to
identify potential suppliers, evaluate if the requirement is achievable, and
perform any pre-offer conferences or communication
,Market Research happens in what phases of contracting life cycle? - (Correct
Answer) -Is a process continuous through out all phases of the contracting
life cycle
In planning the solicitation... - (Correct Answer) -Buying activities should
analyze risk that can take the form of performing make or by decisions,
conducting a supply or service determination, and understanding the
required schedule or needs of the customer.
Before finalizing the solicitation... - (Correct Answer) -The contract manager
will participate in choosing a contract type and contracting method, help
determine applicable regulations, and assist in building an evaluation
strategy for offers.
In response to a solicitation... - (Correct Answer) -The seller will submit an
offer
The sellers offer should include - (Correct Answer) -The offer must've line
with the offerers overall sales plan and overall risk category. determining
which parts of the contract performance the offer will need assistance from
partners, subcontractors, or vendors. Communicate with the buying activity
to make sure all information has been provided
What is the award phase? - (Correct Answer) -The second contract life cycle
phase is award. The word phase involves all work performed by both the
buyer and seller that produces an award contract.
,What is one activity in the ward phase? - (Correct Answer) -Form the contract
When the government receives offers they must analyze proposals for what?
- (Correct Answer) -In terms of risk, review for price of reasonableness, and
document the results of the analysis.
Based on the analysis of proposal, to plan for negotiations the government
may ask for? - (Correct Answer) -Clarification from offers and then develop
negotiation objectives. The offer will respond to the request for clarification
and prepare for negotiations as well.
True or false; the buyer and seller may exchange ideas or have discussions,
they may be informal or highly structured as needed during the award phase
- (Correct Answer) -True
After reviewing proposals and analyzing the proposals and having exchanges
with the sellers, the buyer will then? - (Correct Answer) -Select a source
What is the third contract life cycle phase? - (Correct Answer) -Post award
phase
What are the two primary elements of the post ward phase? - (Correct
Answer) -Perform contract and Close Contract
, What is involved in the post award phase? - (Correct Answer) -Involves all the
work performed by both the buyer and seller during contract performance, to
include changes to the contract, contract close out, and sometimes
termination of a contract.
What happens during post award phase activity perform the contract? -
(Correct Answer) -During this phase, we are monitoring risk in assessing its
impact on contract performance ensuring compliance with one contractual
terms and conditions and two contract technical requirements during
contract performance up to contract close out or termination
True or False: Both the buyer and seller must administer the contract? -
(Correct Answer) -True
What is an important focus during post-award contract administration? -
(Correct Answer) -Quality of contract performance
What is included in quality of contract performance? - (Correct Answer) -This
quality includes schedules, cost, and successful delivery of services or items.
Who is responsible for quality? - (Correct Answer) -The seller has the
responsibility for quality, however the buyer must have proper oversight to
protect the interest of stake holders
Most sellers have a supply chain of support for their contract performance,
they are know as? - (Correct Answer) -Sub contractors
COMPLETE SOLUTION GUIDE (A+ GRADED 100% VERIFIED)
LATEST VERSION 2025!!
What are the three contracting life cycle phases - (Correct Answer) -Pre-
award, Award, and Post-award
Define the pre-award phase - (Correct Answer) -Invokes all work performed
by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub)
in communicating the buyer's requirements and providing a solution to those
requirements
What typically starts before the contracting process? - (Correct Answer) -
Requirement definition, budgeting/funding process, and acquisition planning.
The pre-award phase consist of what two primary activities? - (Correct
Answer) -Develop Solicitation (for our purpose, this is done by the Gov't or
the contractor) and develop offer (this is done by the contractor or sub)
In planning the solicitation - (Correct Answer) -The buying activity must
assess the need and analyze the requirement as well make sure that
contract outcomes will be measurable and properly incentivized. They buying
activity must also verify availability of funds.
Buying activities must also - (Correct Answer) -Conduct market research to
identify potential suppliers, evaluate if the requirement is achievable, and
perform any pre-offer conferences or communication
,Market Research happens in what phases of contracting life cycle? - (Correct
Answer) -Is a process continuous through out all phases of the contracting
life cycle
In planning the solicitation... - (Correct Answer) -Buying activities should
analyze risk that can take the form of performing make or by decisions,
conducting a supply or service determination, and understanding the
required schedule or needs of the customer.
Before finalizing the solicitation... - (Correct Answer) -The contract manager
will participate in choosing a contract type and contracting method, help
determine applicable regulations, and assist in building an evaluation
strategy for offers.
In response to a solicitation... - (Correct Answer) -The seller will submit an
offer
The sellers offer should include - (Correct Answer) -The offer must've line
with the offerers overall sales plan and overall risk category. determining
which parts of the contract performance the offer will need assistance from
partners, subcontractors, or vendors. Communicate with the buying activity
to make sure all information has been provided
What is the award phase? - (Correct Answer) -The second contract life cycle
phase is award. The word phase involves all work performed by both the
buyer and seller that produces an award contract.
,What is one activity in the ward phase? - (Correct Answer) -Form the contract
When the government receives offers they must analyze proposals for what?
- (Correct Answer) -In terms of risk, review for price of reasonableness, and
document the results of the analysis.
Based on the analysis of proposal, to plan for negotiations the government
may ask for? - (Correct Answer) -Clarification from offers and then develop
negotiation objectives. The offer will respond to the request for clarification
and prepare for negotiations as well.
True or false; the buyer and seller may exchange ideas or have discussions,
they may be informal or highly structured as needed during the award phase
- (Correct Answer) -True
After reviewing proposals and analyzing the proposals and having exchanges
with the sellers, the buyer will then? - (Correct Answer) -Select a source
What is the third contract life cycle phase? - (Correct Answer) -Post award
phase
What are the two primary elements of the post ward phase? - (Correct
Answer) -Perform contract and Close Contract
, What is involved in the post award phase? - (Correct Answer) -Involves all the
work performed by both the buyer and seller during contract performance, to
include changes to the contract, contract close out, and sometimes
termination of a contract.
What happens during post award phase activity perform the contract? -
(Correct Answer) -During this phase, we are monitoring risk in assessing its
impact on contract performance ensuring compliance with one contractual
terms and conditions and two contract technical requirements during
contract performance up to contract close out or termination
True or False: Both the buyer and seller must administer the contract? -
(Correct Answer) -True
What is an important focus during post-award contract administration? -
(Correct Answer) -Quality of contract performance
What is included in quality of contract performance? - (Correct Answer) -This
quality includes schedules, cost, and successful delivery of services or items.
Who is responsible for quality? - (Correct Answer) -The seller has the
responsibility for quality, however the buyer must have proper oversight to
protect the interest of stake holders
Most sellers have a supply chain of support for their contract performance,
they are know as? - (Correct Answer) -Sub contractors
