ACO CORB EXAMINATION (2025-2026) MOST
RECENT VERSION WITH WELL SOLVED
QUESTIONS / GET 100% CORRECT ANSWERS /
ALREADY GRADED A+
What are the responsibilities of an ACO?
The ACO is responsible to ensure the best interest of the Government
is protected by ensuring the terms and conditions of the contracts are
appropriate and that all parties execute the contract according to the
terms and conditions of the contract. The ACO is responsible for
ensuring the DCMA mission of providing Contract Administration
services to DOD activities and its partners of the delivery of quality
products and services to the warfighter, on time and on cost, by
properly administrating FAR 42.302 and other applicable regulations
and instructions.
FAR 1.602-2 - "Contracting officers are responsible for ensuring
performance of all necessary actions for effective contracting,
ensuring compliance with the terms of the contract, and safeguarding
the interests of the United States in its contractual relationships."
What is the difference between an ACO and a CA?
a. The ACO has a warrant that binds the government. The ACO
decisions and documents are binding.
b. The CA prepares documents up to signature but cannot bind the
government.
c. FAR 1.602-1 - "(a) Contracting officers have authority to enter into,
administer, or terminate contracts and make related determinations
and findings. Contracting officers may bind the Government only to
the extent of the authority delegated to them. Contracting officers
shall receive from the appointing authority (see 1.603-1) clear
instructions in writing regarding the limits of their authority.
,Information on the limits of the contracting officers' authority shall be
readily available to the public and agency personnel."
What is the relationship between the prime and subcontractor?
The prime is responsible to see that the subcontractor performs IAW
with the terms and conditions of the contract. Our relationship is with
the prime (privity of contract).
What are the basic sections of a contract under the Uniform Contract
Format (UCF)?
Part I is the "Schedule" including the following sections:
A - Contract Form
B - Supplies/Services with Prices/Cost/Quantities/Delivery
C - Specifications/SOW/SOO/ORD
D - Packaging & Marking
E - Inspection & Acceptance
F - Delivery or Performance
G - Contract Administration Data including Line of Accounting
H - Special Contract Provisions
Part II are the "Contract Clauses" (Section I)
Part III is the "List of Attachments (Section J)
Part IV are the "Representations & Certifications"
K - Reps and Certs (These are now on-line in ORCA)
L - Instructions to Offerors (if applicable)
M - Evaluation Factors for Award (if applicable)
What are the characteristics of a contract line item (CLIN)?
Characteristics of CLIN are: Separately Identifiable, One fund citation,
Separate Delivery Schedule, Single Unit Price.
Explain what an Informational Subline Item is, and explain what a
Separately Identified Subline Item is.
a. An informational subline item is used to provide information about
the CLIN, like parts of a kit, but it shouldn't have a delivery
information tied to it for shipment or pricing information tied to it to
for payment purposes. Use Info CLINs to identify each accounting
classification citation (ACRN) that is assigned to a single line item.
Uses numeric suffix.
b. A separately identifiable subline item (subclin) has the same
characteristics of a CLIN so it would be used in situations with similar
characteristics. Use Sub CLINs to establish ACRNs for severable
,quantities associated with a single accounting classification. It can be
scheduled or priced separately. Uses alpha suffix.
What are the duties of an ACO?
The duties of an ACO includes being responsible for the
administration (including closeout) of various types of contracts.
ACO's organize team members' work to ensure overall mission
success - supporting the warfighter. Perform administration functions
such as determining eligibility and verifying evidence for contract
financing such as progress payments, PBP, reviewing and making
recommendations on pricing reports, reviewing and negotiating
orders, monitoring contractor performance and compliance with
contract (and regulations). ACO's also monitor performance and take
corrective actions as necessary when problems arise regarding
schedules, GFP, quality assurance, or other issues. Assure contractor
compliance with CAS via reviews of disclosure statements and
negotiate cost impacts of accounting system changes. Determine
allowability and allocability of costs.
What is the objective of proposal analysis?
To ensure the final agreed upon price is fair and reasonable.
What is the difference between cost, and price analysis?
Price analysis is the process of examining and evaluating a proposed
price without evaluating its separate cost elements and proposed
profit. FAR 15.404-1(b)(2)
Cost analysis is the review and evaluation of any of the separate cost
elements and profit or fee to determine a fair and reasonable price or
to determine cost realism. It is also the application of judgment to
determine how well the proposed costs represent what the cost of the
contract should be assuming reasonable economy and efficiency.
FAR 15.404-1(c)
You are assigned negotiation of an unpriced order consisting of
urgently needed spare parts. After receipt of the contractor's proposal
it is evident you will need more funding. You immediately call the PCO
who is out of the office for two weeks. The Contracting Officer's
Technical Representative tells you they talked with funding
personnel, that there is plenty of funding, to proceed and negotiate
, with the contractor and that the PCO will provide additional funds
when they return. How would you handle this?
To avoid anti-deficiency act violation ensure you get something in
writing showing availability of funds. Ask the COTR for a POC in the
finance office and advise that you are unable to proceed without
written confirmation of funding availability.
What is the difference between a PNOM & PNM?
The Pre-Negotiation Objective (PNO) establishes the Government's
initial negotiation parameters before conducting the negotiation and
document the Assigned Individual's determination of a fair and
reasonable price. The Assigned Individual shall document the pre-
negotiation objectives in a PNOM and must consider the results of the
cost and pricing analysis report or other reports provided.
The Price Negotiation Memorandum (PNM) is documentation of the
results of the negotiation. The Assigned Individual shall clearly state
in the PNM how the negotiated price was determined fair and
reasonable. If the total negotiated price exceeds the total pre-
negotiation objective, the PNM shall include sufficient rationale for
determining the price fair and reasonable.
How many days does DCMA have to review a contract and ensure
data integrity?
30 days
What 7 items should the ACO pay special attention to during CRR?
1. Financing clauses
2. Payment instructions that conflict w/ regulatory requirements
3. Whether the contract is CAS covered
4. Billing and invoicing terms
5. Undefinitized Contract Actions to be negotiated by ACO
6. Requirements for award fee, liquidated damages, specialty metals,
consent to subcontract, electronic invoicing, first article, special
contract clauses (Section H)
7. Requirements for contractors to report contract performance
outside the U.S.
What 6 elements are to be reviewed during initial CRR?
RECENT VERSION WITH WELL SOLVED
QUESTIONS / GET 100% CORRECT ANSWERS /
ALREADY GRADED A+
What are the responsibilities of an ACO?
The ACO is responsible to ensure the best interest of the Government
is protected by ensuring the terms and conditions of the contracts are
appropriate and that all parties execute the contract according to the
terms and conditions of the contract. The ACO is responsible for
ensuring the DCMA mission of providing Contract Administration
services to DOD activities and its partners of the delivery of quality
products and services to the warfighter, on time and on cost, by
properly administrating FAR 42.302 and other applicable regulations
and instructions.
FAR 1.602-2 - "Contracting officers are responsible for ensuring
performance of all necessary actions for effective contracting,
ensuring compliance with the terms of the contract, and safeguarding
the interests of the United States in its contractual relationships."
What is the difference between an ACO and a CA?
a. The ACO has a warrant that binds the government. The ACO
decisions and documents are binding.
b. The CA prepares documents up to signature but cannot bind the
government.
c. FAR 1.602-1 - "(a) Contracting officers have authority to enter into,
administer, or terminate contracts and make related determinations
and findings. Contracting officers may bind the Government only to
the extent of the authority delegated to them. Contracting officers
shall receive from the appointing authority (see 1.603-1) clear
instructions in writing regarding the limits of their authority.
,Information on the limits of the contracting officers' authority shall be
readily available to the public and agency personnel."
What is the relationship between the prime and subcontractor?
The prime is responsible to see that the subcontractor performs IAW
with the terms and conditions of the contract. Our relationship is with
the prime (privity of contract).
What are the basic sections of a contract under the Uniform Contract
Format (UCF)?
Part I is the "Schedule" including the following sections:
A - Contract Form
B - Supplies/Services with Prices/Cost/Quantities/Delivery
C - Specifications/SOW/SOO/ORD
D - Packaging & Marking
E - Inspection & Acceptance
F - Delivery or Performance
G - Contract Administration Data including Line of Accounting
H - Special Contract Provisions
Part II are the "Contract Clauses" (Section I)
Part III is the "List of Attachments (Section J)
Part IV are the "Representations & Certifications"
K - Reps and Certs (These are now on-line in ORCA)
L - Instructions to Offerors (if applicable)
M - Evaluation Factors for Award (if applicable)
What are the characteristics of a contract line item (CLIN)?
Characteristics of CLIN are: Separately Identifiable, One fund citation,
Separate Delivery Schedule, Single Unit Price.
Explain what an Informational Subline Item is, and explain what a
Separately Identified Subline Item is.
a. An informational subline item is used to provide information about
the CLIN, like parts of a kit, but it shouldn't have a delivery
information tied to it for shipment or pricing information tied to it to
for payment purposes. Use Info CLINs to identify each accounting
classification citation (ACRN) that is assigned to a single line item.
Uses numeric suffix.
b. A separately identifiable subline item (subclin) has the same
characteristics of a CLIN so it would be used in situations with similar
characteristics. Use Sub CLINs to establish ACRNs for severable
,quantities associated with a single accounting classification. It can be
scheduled or priced separately. Uses alpha suffix.
What are the duties of an ACO?
The duties of an ACO includes being responsible for the
administration (including closeout) of various types of contracts.
ACO's organize team members' work to ensure overall mission
success - supporting the warfighter. Perform administration functions
such as determining eligibility and verifying evidence for contract
financing such as progress payments, PBP, reviewing and making
recommendations on pricing reports, reviewing and negotiating
orders, monitoring contractor performance and compliance with
contract (and regulations). ACO's also monitor performance and take
corrective actions as necessary when problems arise regarding
schedules, GFP, quality assurance, or other issues. Assure contractor
compliance with CAS via reviews of disclosure statements and
negotiate cost impacts of accounting system changes. Determine
allowability and allocability of costs.
What is the objective of proposal analysis?
To ensure the final agreed upon price is fair and reasonable.
What is the difference between cost, and price analysis?
Price analysis is the process of examining and evaluating a proposed
price without evaluating its separate cost elements and proposed
profit. FAR 15.404-1(b)(2)
Cost analysis is the review and evaluation of any of the separate cost
elements and profit or fee to determine a fair and reasonable price or
to determine cost realism. It is also the application of judgment to
determine how well the proposed costs represent what the cost of the
contract should be assuming reasonable economy and efficiency.
FAR 15.404-1(c)
You are assigned negotiation of an unpriced order consisting of
urgently needed spare parts. After receipt of the contractor's proposal
it is evident you will need more funding. You immediately call the PCO
who is out of the office for two weeks. The Contracting Officer's
Technical Representative tells you they talked with funding
personnel, that there is plenty of funding, to proceed and negotiate
, with the contractor and that the PCO will provide additional funds
when they return. How would you handle this?
To avoid anti-deficiency act violation ensure you get something in
writing showing availability of funds. Ask the COTR for a POC in the
finance office and advise that you are unable to proceed without
written confirmation of funding availability.
What is the difference between a PNOM & PNM?
The Pre-Negotiation Objective (PNO) establishes the Government's
initial negotiation parameters before conducting the negotiation and
document the Assigned Individual's determination of a fair and
reasonable price. The Assigned Individual shall document the pre-
negotiation objectives in a PNOM and must consider the results of the
cost and pricing analysis report or other reports provided.
The Price Negotiation Memorandum (PNM) is documentation of the
results of the negotiation. The Assigned Individual shall clearly state
in the PNM how the negotiated price was determined fair and
reasonable. If the total negotiated price exceeds the total pre-
negotiation objective, the PNM shall include sufficient rationale for
determining the price fair and reasonable.
How many days does DCMA have to review a contract and ensure
data integrity?
30 days
What 7 items should the ACO pay special attention to during CRR?
1. Financing clauses
2. Payment instructions that conflict w/ regulatory requirements
3. Whether the contract is CAS covered
4. Billing and invoicing terms
5. Undefinitized Contract Actions to be negotiated by ACO
6. Requirements for award fee, liquidated damages, specialty metals,
consent to subcontract, electronic invoicing, first article, special
contract clauses (Section H)
7. Requirements for contractors to report contract performance
outside the U.S.
What 6 elements are to be reviewed during initial CRR?
