Clc 056 analyzing contract costs Study guides, Class notes & Summaries

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? correct answers Comparison of proposed prices received in response to the solicitation * How may you request an audit? correct answers All of these are correct A "questioned cost" is one that has not yet been evaluated. correct answers False * True or False: "Direct labor positions" share the same titles and pay levels. correct answers False * For which of the following procu...

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

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

CLC 056 Analyzing Contract Costs Exam 2023 {55 QUESTIONS AND ANSWERS } 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposal techniques • Non-commercial modification of a commercial item. Modification funded by DoD and ...

CLC 056 Analyzing Contract Costs Exam 2023 {55 QUESTIONS AND ANSWERS } 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposal techniques • Non-commercial modification of a commercial item. Modification funded by DoD and ...

2023 CLC 056 /CLC 056 Analyzing Contract Costs Exam QUESTIONS AND ANSWERS GRADED A 1. Identify the circumstances when cost analysis should be performed by answering the following question: “Unless an exception to certified cost or pricing data applies, you can perform cost analysis on which of the following procurements? a. All of these are correct b. The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor have been required to furnish certified cost...

1) Which of the following must be true to properly classify a cost as an “other direct cost”? [Recognize concerns that affect the other direct costs proposed] All of these The proposed cost benefits only the proposed contract work The offeror customarily treats similar costs as “other direct costs” under similar circumstances The contractor’s accounting system segregates “other direct costs” from similar indirect costs 2) Which of these statements below is correct regarding the cri...

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

CLC 056 Analyzing Contract Costs Exam Questions And Answers GRADED A  Which of the following situations are considered exempt from the submission of Certified Costor Pricing Data? • Prices are set by law or regulation • Sole source acquisition of $3.5M FFP effort; price determined using cost analysis • Price may be determined fair and reasonable based on price analysis proposaltechniques • Non-commercial modification of a commercial item. Modification funded by DoD andconstitute...