Study guides, Class notes & Summaries

Contracting Officer Unlimited Warrant Board verified answers and questions 2023. What is an option? - correct answers.An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensu...

QUESTIONS AND ANSWERS

QUESTIONS AND ANSWERS

2024 CONTRACTING OFFICER UNLIMITED WARRANT BOARD REAL NEWEST EXAM VERSION WITH DETAILED ANSWERS GRADED A+

Pre-award Publicizing Requirements FAR 5.101 - $15K < Action ≤ $25K: Display notice in public place for 10 days, as of the date the solicitation is issued Action > $25K: Publish synopsis in GPE Contracting Officers must publicize contract actions in order to... FAR 5.002 - Increase competition Broaden industry participation in meeting Government requirements Assist small business concerns in obtaining contracts and subcontracts Pre-Award Synopsis Publicizing and Response ...

Contracting Officer Unlimited Warrant Board verified answers and questions 2023. What is a CO FAR part 2 - FAR 2.101 A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings. The term includes certain authorized representatives of the contracting officer acting within the limits of their authority as delegated by the contracting officer. A single contracting officer may be responsible for duties in any or all of these are...

You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your decision? answer: - You can accept the offeror's proposal under c...

What is an option? - An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The use of options are not normally in the Governments best interest when (1) The f...

Pre-award Publicizing Requirements FAR 5.101 - $15K < Action ≤ $25K: Display notice in public place for 10 days, as of the date the solicitation is issued Action > $25K: Publish synopsis in GPE Contracting Officers must publicize contract actions in order to... FAR 5.002 - Increase competition Broaden industry participation in meeting Government requirements Assist small business concerns in obtaining contracts and subcontracts Pre-Award Synopsis Publicizing and Response ...

What is a CO FAR part 2 - FAR 2.101 A person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings. The term includes certain authorized representatives of the contracting officer acting within the limits of their authority as delegated by the contracting officer. A single contracting officer may be responsible for duties in any or all of these areas (ACO or TCO). What is the authority given to a CO. What is the limit of the ...