CLC 056 Analyzing Contract Costs

CLC 056 Analyzing Contract Costs Exams, Questions and Answers, since 2018 to 2022, Everything Covered

CLC 056 Analyzing Contract Costs Exams, Questions and Answers, since 2018 to 2022, Everything Covered

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers-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 s...

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers-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 “o...

Defense Acquisition University CLC CLC 056| CLC 056 (7 sets for the final exams) Complete questions and answers 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) - Answer - Sellers need to be concerned about an unrealistic low price because of the risk - Sellers need to be concerned about the market implications ...