CLC 056 Study guides, Class notes & Summaries

CLC 056 Analyzing Contract Costs Questions and Answers (2024/2025)(Verified Answers)

CLC 056 Analyzing Contract Costs Study Guide Questions and Answers (2024/2025)(Verified Answers)

CLC 056 Analyzing Contract Costs Study Guide Questions and Answers (2024/2025)(Verified Answers)

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? - ANSWER Comparison of proposed prices received in response to the solicitation * How may you request an audit? - ANSWER All of these are correct A "questioned cost" is one that has not yet been evaluated. - ANSWER False * True or False: "Direct labor positions" share the same titles and pay levels. - ANSWER False * For which of the following procurements would you require ce...

According to FAR 15.4, which of the following is one of the two most preferred price analysis techniques? - ANSWER Comparison of proposed prices received in response to the solicitation * How may you request an audit? - ANSWER All of these are correct A "questioned cost" is one that has not yet been evaluated. - ANSWER False * True or False: "Direct labor positions" share the same titles and pay levels. - ANSWER False * For which of the following procurements would you require ce...

CLC 056

CLC 056 Analyzing Contract Costs Study Guide A+ RATED

One of the elements of the government pricing objective is to ensure that contract prices are fair and reasonable. Which of the following statements is true about "fairness to seller" that involve concerns? (Select all that apply) - - Sellers need to be concerned about an unrealistic low price because of the risk - Sellers need to be concerned about the market implications of a price that is too high - Sellers need to be concerned about major mistakes in estimating costs - Sellers need ...

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - Contracting Officers are required to purchase supplies and services from responsible sources at fair a...

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. correct answers Contracting Officers are required to purchase supplies and services from responsible sourc...