COR 2 Test Prep | Questions and
Answers 100% Verified
What does it mean by "an agent of the Government has only the actual authority, not apparent
authority? - Answer Government representative can not legally commit the Government beyond the
limits of his authority.
Who usually has actual authority in Government contracting? - Answer Contracting Officer (CO)
(p35,36,39) Acquisition planning includes... - Answer Process where work/effort of all
people/personnel responsible for an acquisition are coordinated and integrated through a plan.
"Contract type" identifies which party, Government or contractor, bears what? - Answer Liability for
performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - Answer Under performance-based acquisitions, the IRS
pays for results, not effort or process, and contractors are free to determine the best and most cost
effective ways to fulfill the need. Performance-based acquisitions also reduce unnecessary contract
administration costs by trending away from cost-reimbursement and level-of-effort contracts to fixed
price, results oriented contracts.
What is "Sources Sought Announcement"? - Answer Identify qualified sources.
What is "Request for Information (RFI)"? - Answer Seeks the industry's expression of interest,
current commercial capabilities, and requirement feasibility.
What is "Request for Comment (RFC)"? - Answer Invites industry feedback on a draft work
statement or solicitation
Answers 100% Verified
What does it mean by "an agent of the Government has only the actual authority, not apparent
authority? - Answer Government representative can not legally commit the Government beyond the
limits of his authority.
Who usually has actual authority in Government contracting? - Answer Contracting Officer (CO)
(p35,36,39) Acquisition planning includes... - Answer Process where work/effort of all
people/personnel responsible for an acquisition are coordinated and integrated through a plan.
"Contract type" identifies which party, Government or contractor, bears what? - Answer Liability for
performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - Answer Under performance-based acquisitions, the IRS
pays for results, not effort or process, and contractors are free to determine the best and most cost
effective ways to fulfill the need. Performance-based acquisitions also reduce unnecessary contract
administration costs by trending away from cost-reimbursement and level-of-effort contracts to fixed
price, results oriented contracts.
What is "Sources Sought Announcement"? - Answer Identify qualified sources.
What is "Request for Information (RFI)"? - Answer Seeks the industry's expression of interest,
current commercial capabilities, and requirement feasibility.
What is "Request for Comment (RFC)"? - Answer Invites industry feedback on a draft work
statement or solicitation
