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FAC-C (PROFESSIONAL) Exam 2 Questions and Answers 2025 Top Rated A+.

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FAC-C (PROFESSIONAL) Exam 2 Questions and Answers 2025 Top Rated A+.

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FAC-C (PROFESSIONAL) Exam 2 Questions and
Answers 2025 Top Rated A+
What term means the total cost to the government of
acquiring, operating, supporting, and (if applicable)
disposing of the items being acquired?
Life cycle costs
It is the government's policy that before executing a contract,
the contracting officer must do what?
Obtain written assurance from the responsible fiscal authority that
adequate funds are available
What would be the preferred way to acquire an item in
government contracting?
Purchase the requirement as a commercial item
What are the 2 broad categories of government contract
types?
Fixed-price contracts and cost-reimbursement contracts
When should acquisition planning begin?
As soon as the agency need is identified
What term is used when referring to accounting or financial
when addressing contractual funding issues?
Fiscal
How are incentive contracts designed to obtain specific
acquisition objectives?
By motivating contractor efforts that might not otherwise be
emphasized
COs shall provide property to contractors only when what is
clearly demonstrated?
The overall benefit to the acquisition significantly outweighs the
increased cost of administration
What action shall the CO take to encourage small business
participation in acquisitions?
Divide acquisitions into reasonably small lots to permit offers on
quantities less than the total requirement

,What is a common exception to obtaining certified cost or
pricing data?
Adequate price competition
To the maximum extent practicable, acquisition officials shall
state requirements of supplies or services in terms of
functions to be performed, performance required, or:
Essential physical characteristics
Provisions and clauses should be incorporated by reference
in solicitations and contracts:
To the maximum practical extent, rather than being incorporated
in full text
Which offerors receive an amendment on a solicitation that
has yet to close?
All parties receiving the solicitation
What is the purpose of exchanging information with industry
before receipt of proposals?
Improve the understanding of government requirements and
industry capabilities
How shall agencies conduct market research?
Appropriate to the circumstances
What is the correct title of a solicitation for negotiated
procedures?
Request for Proposals
At what dollar value must a contracting officer synopsize a
proposed contract action in the governmentwide point of
entry (GPE)?
Expected to exceed $25K
After release of the solicitation, who must be the focal point
of any exchange with potential offerors?
The CO
What is an overarching principle for responding to questions
from all potential offerors?
Fairness

, Whenever a contracting officer (CO) is required to publicize
notice of proposed contract actions in the governmentwide
point of entry (GPE), what must the CO do?
Establish a common response time for all offerors from the date of
publication
One day after publicizing and releasing a solicitation, the
contracting officer realizes that the contract line items need
to be reorganized. What must the contracting officer do?
Amend the solicitation, changing the contract line items
Which FAR part is the best source of information regarding
competition requirements?
FAR part 6
Which form is most appropriate to use should you need to
modify your purchase order?
Standard Form 30, Amendment of Solicitation/Modification of
Contract
A contractor is developing their pricing strategy in a
competitive environment. Knowing the required effort will
result in follow-on contracts, the contractor submits an offer
below anticipated costs with the plan to recover any losses
by increasing the price on follow-on efforts. What is this
pricing strategy referred to as?
Buying-in
You're administering a large dollar non-commercial weapons
contract. The contracting officer asks to see the Contract
Data Requirements List (CDRL) in Exhibit B. Which uniform
contract format (UCF) section in your contract would you
refer to?
Section J
In evaluating a solicitation, which section of the uniform
contract format (UCF) would contain information to the
offeror regarding the evaluation factors and subfactors the
government will use to evaluate the offeror's proposal?
Section M

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