FAC-C (Professional) Exam Prep Questions With
Correct Answers
The |contracting |lifecycle |consists |of |three |phases:
Preaward, |award, |& |postaward
The |preaward |phase |involves:
All |the |work |performed |by |both |the |buyer |(Government |or |prime |contractor) |and |seller |
(contractor |or |subcontractor |in |communicating |the |buyer's |requirements |and |providing |a |
solution |to |those |requirements.
Typically |start |befor |the |contracting |process:
Requirements |definition, |budgeting/funding |process, |and |acquisition |planning.
Preaward |phase |consists |of |two |primary |activities:
Develop |solicitation |(Government) |and |develop |offer |(Contractor).
In |planning |the |solicitation, |the |buying |activity |must:
Assess |the |need, |analyze |the |requirement, |ensure |contract |outcomes |will |be |measurable |and |
properly |incentivized, |and |verify |the |availability |of |funds.
What |two |FAR |parts |are |key |resources |in |developing |the |solicitation?
,FAR |Part |7 |Acquisition |Planning; |FAR |Part |11 |Describing |Agency |Needs
Buying |activities |must |conduct |___ |to |identify |potential |suppliers, |evaluate |if |the |requirement |
is |achievable, |and |perform |any |pre-offer |conferences |or |communication.
Market |Research
What |FAR |part |is |a |key |resource |for |conducting |Market |Research?
FAR |Part |10 |Market |Research
How |do |buying |activities |analyze |risk?
Performing |make |or |buy |decisions; |conducting |a |supply |or |services |determination; |and |
understanding |the |required |schedule |or |needs |of |the |customer |including |the |need |for |
property |(including |intellectual |property).
What |FAR/DFARS |resources |can |assist |in |analyzing |risks?
FAR |15.407-2 |Make-or-Buy |Programs; |FAR |Subpart |11.4 |Delivery |or |Performance |Schedules; |
FAR |Part |45 |Government |Property; |DFARS |Part |227 |Patents, |Data, |& |Copyrights.
Primary |FAR |resource |for |information |about |contract |types:
FAR |Part |16 |Types |of |Contracts
,Which |FAR |Part |addresses |publicizing |contract |actions?
FAR |Part |5
What |is |the |second |phase |of |the |contract |lifecycle?
Contract |Award
What |is |the |one |activity |in |the |award |phase?
Form |contract
When |it |receives |offers, |the |buying |activity |(Government) |must:
Analyze |proposals |in |terms |of |risk, |review |for |price |reasonableness, |and |document |results |of |
the |analysis.
FAR |Part |___, |___ |___ |gives |guidance |that |can |be |generalized |for |contract |methods |beyond |
those |covered |by |the |rest |of |FAR |Part |15.
15.404, |Proposal |Analysis
To |plan |for |negotiations, |the |buying |activity |may |ask |for |___ |from |offerors |and |then |develop |
___ |___.
Clarification, |negotiation |objectives.
, In |all |cases, |___ |must |explain |the |process |that |arrived |at |an |offeror |being |awarded |a |contract.
Documentation
What |FAR/DFARS |Parts |discuss |the |protest |processes?
FAR |Subpart |33.1; |DFARS |Subpart |233.1.
The |third |contract |lifecycle |phase |is |___.
Postaward
The |postaward |phase |involves:
All |the |work |performed |by |both |the |buyer |and |seller |during |contract |performance, |to |include |
changes |to |the |contract, |contract |closeout, |and |sometimes |termination |of |a |contract.
The |postaward |phase |(sometimes |referred |to |as |contract |administration) |consists |of |two |
primary |activities:
Perform |contract |and |close |contract.
Perform |contract |involves |monitoring |risk |and |assessing |its |impact |on |contract |performance, |
ensuring |compliance |with:
Contractual |terms |and |conditions; |contract |technical |requirements |during |contract |
performance |up |to |contract |closeout |or |termination.
Correct Answers
The |contracting |lifecycle |consists |of |three |phases:
Preaward, |award, |& |postaward
The |preaward |phase |involves:
All |the |work |performed |by |both |the |buyer |(Government |or |prime |contractor) |and |seller |
(contractor |or |subcontractor |in |communicating |the |buyer's |requirements |and |providing |a |
solution |to |those |requirements.
Typically |start |befor |the |contracting |process:
Requirements |definition, |budgeting/funding |process, |and |acquisition |planning.
Preaward |phase |consists |of |two |primary |activities:
Develop |solicitation |(Government) |and |develop |offer |(Contractor).
In |planning |the |solicitation, |the |buying |activity |must:
Assess |the |need, |analyze |the |requirement, |ensure |contract |outcomes |will |be |measurable |and |
properly |incentivized, |and |verify |the |availability |of |funds.
What |two |FAR |parts |are |key |resources |in |developing |the |solicitation?
,FAR |Part |7 |Acquisition |Planning; |FAR |Part |11 |Describing |Agency |Needs
Buying |activities |must |conduct |___ |to |identify |potential |suppliers, |evaluate |if |the |requirement |
is |achievable, |and |perform |any |pre-offer |conferences |or |communication.
Market |Research
What |FAR |part |is |a |key |resource |for |conducting |Market |Research?
FAR |Part |10 |Market |Research
How |do |buying |activities |analyze |risk?
Performing |make |or |buy |decisions; |conducting |a |supply |or |services |determination; |and |
understanding |the |required |schedule |or |needs |of |the |customer |including |the |need |for |
property |(including |intellectual |property).
What |FAR/DFARS |resources |can |assist |in |analyzing |risks?
FAR |15.407-2 |Make-or-Buy |Programs; |FAR |Subpart |11.4 |Delivery |or |Performance |Schedules; |
FAR |Part |45 |Government |Property; |DFARS |Part |227 |Patents, |Data, |& |Copyrights.
Primary |FAR |resource |for |information |about |contract |types:
FAR |Part |16 |Types |of |Contracts
,Which |FAR |Part |addresses |publicizing |contract |actions?
FAR |Part |5
What |is |the |second |phase |of |the |contract |lifecycle?
Contract |Award
What |is |the |one |activity |in |the |award |phase?
Form |contract
When |it |receives |offers, |the |buying |activity |(Government) |must:
Analyze |proposals |in |terms |of |risk, |review |for |price |reasonableness, |and |document |results |of |
the |analysis.
FAR |Part |___, |___ |___ |gives |guidance |that |can |be |generalized |for |contract |methods |beyond |
those |covered |by |the |rest |of |FAR |Part |15.
15.404, |Proposal |Analysis
To |plan |for |negotiations, |the |buying |activity |may |ask |for |___ |from |offerors |and |then |develop |
___ |___.
Clarification, |negotiation |objectives.
, In |all |cases, |___ |must |explain |the |process |that |arrived |at |an |offeror |being |awarded |a |contract.
Documentation
What |FAR/DFARS |Parts |discuss |the |protest |processes?
FAR |Subpart |33.1; |DFARS |Subpart |233.1.
The |third |contract |lifecycle |phase |is |___.
Postaward
The |postaward |phase |involves:
All |the |work |performed |by |both |the |buyer |and |seller |during |contract |performance, |to |include |
changes |to |the |contract, |contract |closeout, |and |sometimes |termination |of |a |contract.
The |postaward |phase |(sometimes |referred |to |as |contract |administration) |consists |of |two |
primary |activities:
Perform |contract |and |close |contract.
Perform |contract |involves |monitoring |risk |and |assessing |its |impact |on |contract |performance, |
ensuring |compliance |with:
Contractual |terms |and |conditions; |contract |technical |requirements |during |contract |
performance |up |to |contract |closeout |or |termination.
