CON 1300 Practice Exam with All Correct & 100%
Verified Answers |Latest Update| Already Graded 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
Verified Answers |Latest Update| Already Graded 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
