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CON 3900 Contracting Final Exam 2025 – Federal Acquisition
Study Guide, Key Concepts, and Practice Questions with Answers
Prepare for the CON 3900 Contracting Final Exam 2025 with a complete study guide, practice
questions, and federal acquisition review tips.
Ace your CON 3900 Contracting Final Exam 2025 with this detailed study and review guide.
Learn essential topics from the Federal Acquisition Regulation (FAR), contract types,
procurement integrity, source selection, and contract management. Includes practice
questions, exam tips, and key definitions to help you master core government contracting
principles. Perfect for DAU, Defense Acquisition University, and contracting certification
students preparing for their final assessments.
• CON 3900 contracting final exam 2025
• CON 3900 final exam answers
• CON 3900 study guide pdf
• Defense Acquisition University CON 3900
Contracting officers shall solicit sealed bids if - ANSWER-1. Time permits the solicitation, submission, and
evaluation of sealed bids.
2. The award will be made on the basis of price and other price-related factors.
3. It is not necessary to conduct discussions with the responding offerors about their bids.
4. There is a reasonable expectation of receiving more than one sealed bid.
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IAW FAR part 15, after evaluation of offers the contracting officer may hold negotiations with offerors in
the competitive range, advising each of the deficiencies in its proposal, and request final proposal
revisions. - ANSWER-True
Contracts resulting from sealed bidding shall be: - ANSWER-- firm-fixed-price contracts
- firm-fixed-price contracts with economic price adjustment.
The cost-plus-a-percentage-of-cost system of contracting shall not be used - ANSWER-TRUE
FAR Part 16 Types of Contacts stipulates what about the D&F? - ANSWER-No contract may be awarded
before the execution of any determination and findings (D&F's)
What are the two broad categories of contracts? - ANSWER-- Fixed Price
- Cost Reimbursement
Under the Firm-Fixed-Price Contract who carries the full responsibility for the performance costs and
resulting profit (or loss)? - ANSWER-Contractor has full responsibility
Which contract carries a minimal responsibility, for contractor, for the performance costs? - ANSWER-
Cost-Plus-Fixed-Fee
The basic types of contracts authorized by the FAR may be used in combination unless otherwise
prohibited. - ANSWER-True
What does [FAR part 15 Contracting by negotiation] prescribes? - ANSWER-[FAR part 15] prescribes
policies and procedures governing competitive and noncompetitive negotiated acquisitions
What is a negotiated contract? - ANSWER-A contract awarded using other than sealed bidding
procedures is a negotiated contract
What is contract called when it is awarded using other than sealed bidding procedures? - ANSWER-A
negotiated contract
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Commercial product means - ANSWER-- Any product, other than real property, that is of a type
customarily used by the general public or by non-governmental entities for purposes other than
governmental purposes.
- Any product that has been sold, leased, or licensed to the general public.
- Any product that has been offered for sale, lease, or license to the general public
FAR part 12 does not apply to the acquisition of commercial items: - ANSWER-- At or below the micro-
purchase threshold
Using the Standard Form 44
- Using the GPC as a method of purchase rather than only as a method of payment.
- Directly from another Federal agency
FAR part 13 prescribes Simplified Acquisition Procedures in order to: - ANSWER-- Reduce administrative
costs.
- Improve opportunities for small, small disadvantaged, women-owned, veteran-owned, HUBZone, and
service-disabled veteran-owned small business concerns to obtain a fair proportion of Government
contracts.
- Promote efficiency and economy in contracting.
- Avoid unnecessary burdens for agencies and contractors.
Agencies shall use Simplified Acquisition Procedures to the maximum extent practicable for all
purchases of supplies or services not exceeding the Simplified Acquisition Threshold (including
purchases at or below the Micro-purchase Threshold). - ANSWER-True
What is the "HYBRID" contract? - ANSWER-It is a contract which has both fixed price and cost type
contract line item numbers
When can the "HYBRID" contract be used? - ANSWER-If the said contract promote the best interests of
the Government
, 4|Page
Why do Cost-reimbursement types of contracts establish an estimate of total cost? - ANSWER-For the
purpose of obligating funds and establish a ceiling that the contractor may not exceed (except at its own
risk) without the approval of the contracting officer.
The chosen contract type and negotiated pricing should - ANSWER-- Result in a reasonable degree and
balance of risk between the Government and the contractor.
- Provide the contractor with the greatest incentive for efficient and economical performance.
At a minimum, the appraisal of cost risk should consider two areas of particular concern - ANSWER-1.
Contract performance risk
2. Market risk
Why do R&D contracts generally have a rather high degree of performance risk? - ANSWER-because
these types of efforts generally have lesser-defined requirements
A volatile market will increase the cost risk involved in contract pricing - ANSWER-True
Firm-Fixed-Price Contract (FFP) - ANSWER-FFP Contracts provide for a price that is not subject to any
adjustment on the basis of the contractor's costs experienced in performing the contract.
Fixed-Price Economic Price Adjustment Contracts - ANSWER-Fixed-price contract with an economic price
adjustment (FPEPA) can help address a specified contingency that may be beyond the contractor's
ability to control, such as fluctuation in the price of a a material or labor element
What are the three types of Economic Price Adjustments? - ANSWER-Adjustments based on established
prices.
Adjustments based on established prices.
Adjustments based on cost indices of labor or material.
Firm-Fixed-Price Level-of-Effort Term Contracts - ANSWER-The firm-fixed-price, level-of-effort term
contract provides an agreement for a specified level of effort over a period of time on work that can
only be described in general terms.
CON 3900 Contracting Final Exam 2025 – Federal Acquisition
Study Guide, Key Concepts, and Practice Questions with Answers
Prepare for the CON 3900 Contracting Final Exam 2025 with a complete study guide, practice
questions, and federal acquisition review tips.
Ace your CON 3900 Contracting Final Exam 2025 with this detailed study and review guide.
Learn essential topics from the Federal Acquisition Regulation (FAR), contract types,
procurement integrity, source selection, and contract management. Includes practice
questions, exam tips, and key definitions to help you master core government contracting
principles. Perfect for DAU, Defense Acquisition University, and contracting certification
students preparing for their final assessments.
• CON 3900 contracting final exam 2025
• CON 3900 final exam answers
• CON 3900 study guide pdf
• Defense Acquisition University CON 3900
Contracting officers shall solicit sealed bids if - ANSWER-1. Time permits the solicitation, submission, and
evaluation of sealed bids.
2. The award will be made on the basis of price and other price-related factors.
3. It is not necessary to conduct discussions with the responding offerors about their bids.
4. There is a reasonable expectation of receiving more than one sealed bid.
,2|Page
IAW FAR part 15, after evaluation of offers the contracting officer may hold negotiations with offerors in
the competitive range, advising each of the deficiencies in its proposal, and request final proposal
revisions. - ANSWER-True
Contracts resulting from sealed bidding shall be: - ANSWER-- firm-fixed-price contracts
- firm-fixed-price contracts with economic price adjustment.
The cost-plus-a-percentage-of-cost system of contracting shall not be used - ANSWER-TRUE
FAR Part 16 Types of Contacts stipulates what about the D&F? - ANSWER-No contract may be awarded
before the execution of any determination and findings (D&F's)
What are the two broad categories of contracts? - ANSWER-- Fixed Price
- Cost Reimbursement
Under the Firm-Fixed-Price Contract who carries the full responsibility for the performance costs and
resulting profit (or loss)? - ANSWER-Contractor has full responsibility
Which contract carries a minimal responsibility, for contractor, for the performance costs? - ANSWER-
Cost-Plus-Fixed-Fee
The basic types of contracts authorized by the FAR may be used in combination unless otherwise
prohibited. - ANSWER-True
What does [FAR part 15 Contracting by negotiation] prescribes? - ANSWER-[FAR part 15] prescribes
policies and procedures governing competitive and noncompetitive negotiated acquisitions
What is a negotiated contract? - ANSWER-A contract awarded using other than sealed bidding
procedures is a negotiated contract
What is contract called when it is awarded using other than sealed bidding procedures? - ANSWER-A
negotiated contract
,3|Page
Commercial product means - ANSWER-- Any product, other than real property, that is of a type
customarily used by the general public or by non-governmental entities for purposes other than
governmental purposes.
- Any product that has been sold, leased, or licensed to the general public.
- Any product that has been offered for sale, lease, or license to the general public
FAR part 12 does not apply to the acquisition of commercial items: - ANSWER-- At or below the micro-
purchase threshold
Using the Standard Form 44
- Using the GPC as a method of purchase rather than only as a method of payment.
- Directly from another Federal agency
FAR part 13 prescribes Simplified Acquisition Procedures in order to: - ANSWER-- Reduce administrative
costs.
- Improve opportunities for small, small disadvantaged, women-owned, veteran-owned, HUBZone, and
service-disabled veteran-owned small business concerns to obtain a fair proportion of Government
contracts.
- Promote efficiency and economy in contracting.
- Avoid unnecessary burdens for agencies and contractors.
Agencies shall use Simplified Acquisition Procedures to the maximum extent practicable for all
purchases of supplies or services not exceeding the Simplified Acquisition Threshold (including
purchases at or below the Micro-purchase Threshold). - ANSWER-True
What is the "HYBRID" contract? - ANSWER-It is a contract which has both fixed price and cost type
contract line item numbers
When can the "HYBRID" contract be used? - ANSWER-If the said contract promote the best interests of
the Government
, 4|Page
Why do Cost-reimbursement types of contracts establish an estimate of total cost? - ANSWER-For the
purpose of obligating funds and establish a ceiling that the contractor may not exceed (except at its own
risk) without the approval of the contracting officer.
The chosen contract type and negotiated pricing should - ANSWER-- Result in a reasonable degree and
balance of risk between the Government and the contractor.
- Provide the contractor with the greatest incentive for efficient and economical performance.
At a minimum, the appraisal of cost risk should consider two areas of particular concern - ANSWER-1.
Contract performance risk
2. Market risk
Why do R&D contracts generally have a rather high degree of performance risk? - ANSWER-because
these types of efforts generally have lesser-defined requirements
A volatile market will increase the cost risk involved in contract pricing - ANSWER-True
Firm-Fixed-Price Contract (FFP) - ANSWER-FFP Contracts provide for a price that is not subject to any
adjustment on the basis of the contractor's costs experienced in performing the contract.
Fixed-Price Economic Price Adjustment Contracts - ANSWER-Fixed-price contract with an economic price
adjustment (FPEPA) can help address a specified contingency that may be beyond the contractor's
ability to control, such as fluctuation in the price of a a material or labor element
What are the three types of Economic Price Adjustments? - ANSWER-Adjustments based on established
prices.
Adjustments based on established prices.
Adjustments based on cost indices of labor or material.
Firm-Fixed-Price Level-of-Effort Term Contracts - ANSWER-The firm-fixed-price, level-of-effort term
contract provides an agreement for a specified level of effort over a period of time on work that can
only be described in general terms.
