CON 3990V Contracting Certification Exam Practice Test (Latest 2025/2026 Update) Questions with Verified Answers | 100% Correct.

CON 3990V Contracting Certification
Exam Practice Test (Latest 2025/2026
Update) Questions with Verified
Answers | 100% Correct.

Question:

When contracting on a firm-fixed-price basis, what will usually satisfy the
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requirement to perform a price analysis??
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Answer:

A comparison of proposed prices
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Question:

True or False? Price to the Government shall be evaluated in every source
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selection??
Answer:

True




Question:

,When contracting on a cost-reimbursement basis, evaluations shall
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include a cost realism analysis to determine??
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Answer:

- What the Government should realistically expect to pay for the proposed
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effort,

- the offeror's understanding of the work, and
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- the offeror's ability to perform the contract.
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Question:
What is Price?? i,- i,-




Answer:

Cost plus any fee or profit
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Question:

What is Pricing?? i,- i,-




Answer:

The process of establishing a reasonable amount or amounts to be paid
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for supplies or services.
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Question:

True or False? Each contract should be priced separately and
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independently??

, Answer:
True




Question:
True or False? Cost realism analysis may not be used on fixed-price
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incentive contracts?? i,-




Answer:

False




Question:

When a contracting professional determines that a price is reasonable,
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what does that mean?
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They made a decision that is both judicious and wise.
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They made a decision based on their ability, knowledge or skill.
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They made a decision based on what a prudent and competent buyer
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would be willing to pay.?
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Answer: