CON 3900V Practice Exam Flashcards
well answered
Contract type
Determines cost risk allocation between Government and contractor.
Labor-hour
Contract type where contractor is paid based on labor hours worked.
Fixed-price
Contract type where price is set and does not change.
Government contract
Must be in writing, except when authorized otherwise.
Hard copy
Required format for a Government contract, unless authorized otherwise.
Administrative closeout
Responsibility of the Government contract administration office.
Alternative Dispute Resolution (ADR)
Requires voluntary election by both parties to participate.
Negotiated acquisitions
Include sole source and competitive acquisitions.
Subcontracting Policies and Procedures
Title of FAR part 44.
Section B
Section of the uniform contract format (UCF) for negotiated special contract requirements.
Tradeoff source selection process
Requires evaluation factors stated in the solicitation.
, Governmentwide point of entry (GPE)
Requires synopsizing proposed contract actions above a certain dollar value.
Contractor Performance Assessment Reporting System (CPARS)
When the contract dollar value exceeds the simplified acquisition threshold Feedback:See FAR
42.1502(b)
Prenegotiation objectives
Document elements of the negotiated agreement.
Federal Acquisition Regulation System
Basic policies and general information covered in FAR part 1.
Competitive source selection
Does not require exact same discussions with each offeror.
Procurement Instrument Identifier (PIID)
Unique number identifying each solicitation, contract, agreement, or order.
Acceptance
Responsibility of the project manager or designated representative.
Title transfer
Occurs upon formal acceptance by the Government.
Contract clause
Term or condition used in contracts and solicitations.
Exhibit
Displayed with one or two numeric or alpha characters.
Fair and reasonable prices
Government's pricing policy for purchasing supplies and services.
Certified cost or pricing data
Required for contracts exceeding a certain dollar value.
Postaward orientation
well answered
Contract type
Determines cost risk allocation between Government and contractor.
Labor-hour
Contract type where contractor is paid based on labor hours worked.
Fixed-price
Contract type where price is set and does not change.
Government contract
Must be in writing, except when authorized otherwise.
Hard copy
Required format for a Government contract, unless authorized otherwise.
Administrative closeout
Responsibility of the Government contract administration office.
Alternative Dispute Resolution (ADR)
Requires voluntary election by both parties to participate.
Negotiated acquisitions
Include sole source and competitive acquisitions.
Subcontracting Policies and Procedures
Title of FAR part 44.
Section B
Section of the uniform contract format (UCF) for negotiated special contract requirements.
Tradeoff source selection process
Requires evaluation factors stated in the solicitation.
, Governmentwide point of entry (GPE)
Requires synopsizing proposed contract actions above a certain dollar value.
Contractor Performance Assessment Reporting System (CPARS)
When the contract dollar value exceeds the simplified acquisition threshold Feedback:See FAR
42.1502(b)
Prenegotiation objectives
Document elements of the negotiated agreement.
Federal Acquisition Regulation System
Basic policies and general information covered in FAR part 1.
Competitive source selection
Does not require exact same discussions with each offeror.
Procurement Instrument Identifier (PIID)
Unique number identifying each solicitation, contract, agreement, or order.
Acceptance
Responsibility of the project manager or designated representative.
Title transfer
Occurs upon formal acceptance by the Government.
Contract clause
Term or condition used in contracts and solicitations.
Exhibit
Displayed with one or two numeric or alpha characters.
Fair and reasonable prices
Government's pricing policy for purchasing supplies and services.
Certified cost or pricing data
Required for contracts exceeding a certain dollar value.
Postaward orientation
