CON 1300 PRACTICE EXAM questions
n answers rated A+
An offer is response to a solicitation that, as accepted, would bind the offeror to perform the
resultant contract. - correct answer ✔✔ True
A quotation could include specs but no technical or past performance documentation? - correct
answer ✔✔ True
What would it be if you include technical or past performance? - correct answer ✔✔ A proposal
Are there tradeoffs in LPTAs? - correct answer ✔✔ No
Which risk element indicates how well the contractor would or would not be able to satisfy the
requirement of statement of work? - correct answer ✔✔ Performance risk
Which of the following are not to go risk types? - correct answer ✔✔ Subcontracting
Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and reasonable? -
correct answer ✔✔ True
Cost realism is required for all cost type contracts. - correct answer ✔✔ True
During performing price an.alysis we compare separate cost elements - correct answer ✔✔
False
, Is GFP a price related factor? - correct answer ✔✔ YES (competitive fixed price only!!!)
What price adjustment do we alter HUBZones by? - correct answer ✔✔ 10%
When we are not doing tradeoffs what is the price we tend to go with? - correct answer ✔✔
Lowest Price Technically Acceptable
When we have certified cost/pricing data what type analysis are we going to do? - correct
answer ✔✔ Cost analysis
1. What are the exemptions to TINA? - correct answer ✔✔ Commercial, Competition, Waiver
What is a direct cost? - correct answer ✔✔ Any cost directly identified with a single, final cost
objective
Steps to using cost analysis? - correct answer ✔✔ · Get a "Good" Proposal [FAR Table 15.2
compliant]
· Enlist Help of Others
· Review the proposal
· Model the proposal
· Fact-find the proposal
· Evaluate the proposal
Can you alter a contractor's price to determine most probability cost when performing cost
analysis for cost reimbursement contract? - correct answer ✔✔ Yes
Can you use cost realism for fixed price when new requirements may not be fully understood? -
correct answer ✔✔ Yes
n answers rated A+
An offer is response to a solicitation that, as accepted, would bind the offeror to perform the
resultant contract. - correct answer ✔✔ True
A quotation could include specs but no technical or past performance documentation? - correct
answer ✔✔ True
What would it be if you include technical or past performance? - correct answer ✔✔ A proposal
Are there tradeoffs in LPTAs? - correct answer ✔✔ No
Which risk element indicates how well the contractor would or would not be able to satisfy the
requirement of statement of work? - correct answer ✔✔ Performance risk
Which of the following are not to go risk types? - correct answer ✔✔ Subcontracting
Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and reasonable? -
correct answer ✔✔ True
Cost realism is required for all cost type contracts. - correct answer ✔✔ True
During performing price an.alysis we compare separate cost elements - correct answer ✔✔
False
, Is GFP a price related factor? - correct answer ✔✔ YES (competitive fixed price only!!!)
What price adjustment do we alter HUBZones by? - correct answer ✔✔ 10%
When we are not doing tradeoffs what is the price we tend to go with? - correct answer ✔✔
Lowest Price Technically Acceptable
When we have certified cost/pricing data what type analysis are we going to do? - correct
answer ✔✔ Cost analysis
1. What are the exemptions to TINA? - correct answer ✔✔ Commercial, Competition, Waiver
What is a direct cost? - correct answer ✔✔ Any cost directly identified with a single, final cost
objective
Steps to using cost analysis? - correct answer ✔✔ · Get a "Good" Proposal [FAR Table 15.2
compliant]
· Enlist Help of Others
· Review the proposal
· Model the proposal
· Fact-find the proposal
· Evaluate the proposal
Can you alter a contractor's price to determine most probability cost when performing cost
analysis for cost reimbursement contract? - correct answer ✔✔ Yes
Can you use cost realism for fixed price when new requirements may not be fully understood? -
correct answer ✔✔ Yes
