CON 1400 | QUESTIONS AND ANSWERS | 2025/2026
UPDATE | WITH 100% CORRECT
What federal regulatory guidance may executive agencies use to help manage
administrative programs, such as disposal of personal property? Answer -
Federal Management Regulation
Prior to contract closeout, what three actions are required (if applicable to the
contract) or the contract cannot be closed? Answer - Disposition of classified
material is completed
Final royalty report is cleared
Property clearance is received
What must the Contractor complete prior to submitting an Inventory Disposal
Schedule (IDS)? Answer - Predisposal requirements
What form is used as a Contract Closeout Checklist? Answer - 1597
After reporting Government property excess to contract performance, what
three actions will the Contractor perform as part of Property Closeout per the
Government Property clause? Answer - Complete disposal instructions,
Secure closure of all Government property loss cases,
Perform physical inventory all property upon contract termination or
completion
, While preparing the DD 1597, it may be necessary for the CAO/ACO to obtain
statements from other organizational elements or functional areas signifying
the actions for which they are responsible have been completed. What form is
used for this purpose? Answer - 1593
Can the contractor ever purchase from the Government excess property no
longer needed on a contract? Answer - Yes
What two types of property must be reported on an inventory disposal
schedule? Answer - Termination inventory,
Government-furnished property that is no longer required for performance of
the contract
The Contract Administration Office (CAO) is responsible for initiating, whether
automated or manual, administrative closeout of the contract after receiving
what evidence? Answer - Physical completion
Upon conclusion of a contract that included Government furnished property,
what is one of the most important actions required by the contractor? Answer
- Physically inventory all property
The Administrative Contracting Officer (ACO) requires an audit prior to the final
voucher being submitted by a contractor for what contract type? Answer - Cost
According to the FAR, which of these situations is the highest reutilization
priority for excess Government property? Answer - Reuse within owning
agency
What is the electronic equivalent of a Contract Completion Notice, DD Form
1594? Answer - Electronic Data Interchange (EDI) 567C
UPDATE | WITH 100% CORRECT
What federal regulatory guidance may executive agencies use to help manage
administrative programs, such as disposal of personal property? Answer -
Federal Management Regulation
Prior to contract closeout, what three actions are required (if applicable to the
contract) or the contract cannot be closed? Answer - Disposition of classified
material is completed
Final royalty report is cleared
Property clearance is received
What must the Contractor complete prior to submitting an Inventory Disposal
Schedule (IDS)? Answer - Predisposal requirements
What form is used as a Contract Closeout Checklist? Answer - 1597
After reporting Government property excess to contract performance, what
three actions will the Contractor perform as part of Property Closeout per the
Government Property clause? Answer - Complete disposal instructions,
Secure closure of all Government property loss cases,
Perform physical inventory all property upon contract termination or
completion
, While preparing the DD 1597, it may be necessary for the CAO/ACO to obtain
statements from other organizational elements or functional areas signifying
the actions for which they are responsible have been completed. What form is
used for this purpose? Answer - 1593
Can the contractor ever purchase from the Government excess property no
longer needed on a contract? Answer - Yes
What two types of property must be reported on an inventory disposal
schedule? Answer - Termination inventory,
Government-furnished property that is no longer required for performance of
the contract
The Contract Administration Office (CAO) is responsible for initiating, whether
automated or manual, administrative closeout of the contract after receiving
what evidence? Answer - Physical completion
Upon conclusion of a contract that included Government furnished property,
what is one of the most important actions required by the contractor? Answer
- Physically inventory all property
The Administrative Contracting Officer (ACO) requires an audit prior to the final
voucher being submitted by a contractor for what contract type? Answer - Cost
According to the FAR, which of these situations is the highest reutilization
priority for excess Government property? Answer - Reuse within owning
agency
What is the electronic equivalent of a Contract Completion Notice, DD Form
1594? Answer - Electronic Data Interchange (EDI) 567C
