CPCM Wk 7 - Award & Post Award ( Practice Exam)
Questions with Answers (100% Correct Answers)
Who makes the final decision on a contractor claim? —Answer: The contracting officer
Which of the following is not a requirement of a claim for a specific amount of money? —
Answer: That the claim be certified ( 6.1.7 Resolve Requests for Equitable Adjustment (REAs)
and Claims)
Which of the following is a typical way that buying contract managers involve themselves in
the quality assurance process? —Answer: Clearly and concisely documenting inspection and
acceptance (6.2 Ensure Quality
Which of the following illustrates the government's process during source selection? —Answer:
Request information, draft RFP, presolicitation conference, final RFP, receive proposals,
proposal evaluation, source selection (FIGURE 7-7. Sample Source Selection Process
Stipulated damages are also called —Answer: Liquidated damages (5.4.1.2 Commercial
Contract Disputes
What law requires federal government contractors to submit certified cost or pricing data in
certain circumstances? —Answer: The Truthful Cost or Pricing Data statute (5.1.2 Cost
Analysis)
What is quantum? —Answer: The actual damages incurred by a contractor harmed by a lack of
contract performance (6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims
Which evaluation factor should always be considered in negotiated procurements? —Answer:
Price (5.3.6.4 Compare Results and Reach Consensus
To establish that both parties to a negotiation accept the final agreement, what should be done
when an agreement is reached? —Answer: Document the facts upon which the agreement was
reached (5.2.5 The Negotiations
The disputes process in federal government contracts is set forth in FAR Part 33.2, Disputes and
Appeals, and is governed by what law?, —Answer: The Contract Disputes Act (5.4.1.3
© 2025 All rights reserved
, Which of the following is true about cost analysis? —Answer: Cost analysis helps ensure a fair
and reasonable price by evaluating separate cost elements along with profits or fees (5.1 Cost or
Price Analysis
Which of the following best describes a successful negotiation? —Answer: Both parties leave
the negotiation feeling as though they have won (5.2 Conduct Negotiations)
Which of the following is true about the post-award kickoff meeting? —Answer: It should
include appropriate managers and staff personnel from the buyer's and the seller's
organizations (6.1.2 Attend Post-Award Kickoff Meeting
The difference between total cost and total revenue is called what? —Answer: Profit (5.1.2 Cost
Analysis)
What is the purpose of source selection? —Answer: Determining how a company wins a
contract (5.3.3 Negotiated Source Selection
In all negotiations both the buyer and the seller teams should include which of the following?
—Answer: A designated lead negotiator (5.2.2 The Negotiation Team
Why does the CMBOK describe the establishment of negotiation objectives as an "ongoing"
process? —Answer: Negotiation objectives may change as circumstances around the
negotiation change (5.2.3 Negotiation Objectives
Expectation damages are monetary damages paid —Answer: To place the aggrieved party in
the same position as if the contract had been performed (5.4.1.2 Commercial Contract Disputes
What is the term for a bid that complies in all material aspects with the invitation for bids? —
Answer: Responsive (5.3.2 Sealed Bidding
Which of the following takes the lowest precedence when different sections of a contract
conflict with one another? —Answer: The specifications (5.4.1.1.4 Extrinsic Evidence
Dimension Seven Events has a contract with the City of Baltimore for the use of a public park to
present the High Energy Music Festival. Dimension Seven the buyer has the right under the
contract to inspect the festival grounds for any safety concerns. The City of Baltimore the seller
provides reports from its internal city auditors who deemed the park safe for up to 50,000
© 2025 All rights reserved
Questions with Answers (100% Correct Answers)
Who makes the final decision on a contractor claim? —Answer: The contracting officer
Which of the following is not a requirement of a claim for a specific amount of money? —
Answer: That the claim be certified ( 6.1.7 Resolve Requests for Equitable Adjustment (REAs)
and Claims)
Which of the following is a typical way that buying contract managers involve themselves in
the quality assurance process? —Answer: Clearly and concisely documenting inspection and
acceptance (6.2 Ensure Quality
Which of the following illustrates the government's process during source selection? —Answer:
Request information, draft RFP, presolicitation conference, final RFP, receive proposals,
proposal evaluation, source selection (FIGURE 7-7. Sample Source Selection Process
Stipulated damages are also called —Answer: Liquidated damages (5.4.1.2 Commercial
Contract Disputes
What law requires federal government contractors to submit certified cost or pricing data in
certain circumstances? —Answer: The Truthful Cost or Pricing Data statute (5.1.2 Cost
Analysis)
What is quantum? —Answer: The actual damages incurred by a contractor harmed by a lack of
contract performance (6.1.7 Resolve Requests for Equitable Adjustment (REAs) and Claims
Which evaluation factor should always be considered in negotiated procurements? —Answer:
Price (5.3.6.4 Compare Results and Reach Consensus
To establish that both parties to a negotiation accept the final agreement, what should be done
when an agreement is reached? —Answer: Document the facts upon which the agreement was
reached (5.2.5 The Negotiations
The disputes process in federal government contracts is set forth in FAR Part 33.2, Disputes and
Appeals, and is governed by what law?, —Answer: The Contract Disputes Act (5.4.1.3
© 2025 All rights reserved
, Which of the following is true about cost analysis? —Answer: Cost analysis helps ensure a fair
and reasonable price by evaluating separate cost elements along with profits or fees (5.1 Cost or
Price Analysis
Which of the following best describes a successful negotiation? —Answer: Both parties leave
the negotiation feeling as though they have won (5.2 Conduct Negotiations)
Which of the following is true about the post-award kickoff meeting? —Answer: It should
include appropriate managers and staff personnel from the buyer's and the seller's
organizations (6.1.2 Attend Post-Award Kickoff Meeting
The difference between total cost and total revenue is called what? —Answer: Profit (5.1.2 Cost
Analysis)
What is the purpose of source selection? —Answer: Determining how a company wins a
contract (5.3.3 Negotiated Source Selection
In all negotiations both the buyer and the seller teams should include which of the following?
—Answer: A designated lead negotiator (5.2.2 The Negotiation Team
Why does the CMBOK describe the establishment of negotiation objectives as an "ongoing"
process? —Answer: Negotiation objectives may change as circumstances around the
negotiation change (5.2.3 Negotiation Objectives
Expectation damages are monetary damages paid —Answer: To place the aggrieved party in
the same position as if the contract had been performed (5.4.1.2 Commercial Contract Disputes
What is the term for a bid that complies in all material aspects with the invitation for bids? —
Answer: Responsive (5.3.2 Sealed Bidding
Which of the following takes the lowest precedence when different sections of a contract
conflict with one another? —Answer: The specifications (5.4.1.1.4 Extrinsic Evidence
Dimension Seven Events has a contract with the City of Baltimore for the use of a public park to
present the High Energy Music Festival. Dimension Seven the buyer has the right under the
contract to inspect the festival grounds for any safety concerns. The City of Baltimore the seller
provides reports from its internal city auditors who deemed the park safe for up to 50,000
© 2025 All rights reserved
