Analyzing contract costs Study guides, Class notes & Summaries

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...

CLC 056 Analyzing Contract Costs Exam 100% 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 constitutes 5% of value of modif...

CLC 056 Analyzing Contract Costs Exam CLC 056 Analyzing Contract Costs Exam 100% CLC 056 Analyzing Contract Costs Exam 100% 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 ...

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 Questions and Answers 100% Correct CLC 056 Analyzing Contract Costs Questions and Answers 100% Correct CLC 056 Analyzing Contract Costs Questions and Answers 100% Correct CLC 056 Analyzing Contract Costs Questions and Answers 100% Correct What is a fair price to the seller? - ANSWER-A fair price for the seller means that the seller will be able to satisfy the terms and conditions of the contract. An offer that is too low is considered unrealistic. It ma...

CLC 056 Final Exam Analyzing Contract Costs. Questions With Answers.Here is your test result.The dots represent the choices you have made.  The highlighted questions are the questions you have missed.  Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. 1.) Which of the following must be true to properly classify a cost as an “other direct cost”? The offeror customarily treats similar costs as “other...

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? - 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 certified cost or pricing data? - An ...

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 certified cost or pricing data? - An ...

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...