CON 2370 Simplified Acquisition Procedures, Exam Practice Questions and Answers Latest | 100% Correct

CON 2370 Simplified Acquisition Procedures, Exam Practice Questions and Answers Latest | 100% Correct. Which one of the following mandatory Government sources is the first priority for satisfying a requirement for services? - Answer Not - Federal Prison Industries CON 2370 Simplified Acquisition Procedures Exam Practice Questions With Answers Updated Not - The Procurement List maintained by The Committee for Purchase From People Who Are Blind or Severely Disabled Not - Federal supplies Inventories of the requiring agencies You have a requirement for help desk support with an estimated value of $450,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 6 small businesses and 4 large businesses. Which one of the following statements is correct? - Answer Not - A portion of the acquisition may be set aside exclusively for small business The entire acquisition must be set aside exclusively for small business Which one of the following market research results would NOT support a commerciality determination? - Answer Not - The tool is sold on a competitive basis in substantial quantities to multiple State governments and was developed at private expense. Not - The services are offered and sold competitively in substantial quantities in the commercial marketplace based on a catalog. Not - The equipment has been offered for sale to the general public and will be used for nongovernment purposes. The part sold to the general public needs' extensive modifications not customarily available in the commercial marketplace. Not - The tool has been sold to the general public and is used for nongovernmental purposes You have a requirement for water restoration services at your base in Louisiana. These services are of a type sold competitively in substantial quantities in the commercial marketplace based on market prices. The estimated dollar value of the acquisition is $1,250,000. Which one of the following statements is true? - Answer The use of simplified acquisition procedures authorized. You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required. Which one of the following solicitation methods must be used? - Answer Not - Electronic Solicitation Not - Combined synopsis/solicitation Written Solicitation You have a requirement for a one-time purchase with an estimated value of $180,700. You are not required to synopsize this contract action. Which one of the following describes the competition requirement for this acquisition? - Answer Not - The acquisition must utilize full and open competition. Not - There is no requirement for competition if the price is considered reasonable. Quotes must be solicited from at least three sources Which one of the following statements about solicitations using SAP is correct? - Answer Not - Evaluations subfactors must be listed Not - It is not necessary to include the basis on which award will be made Not - Evaluations subfactors must be listed Not - It is not necessary to include the basis on which award will be made Not - The relative importance of each evaluation factor must be stated Buyers are encouraged to use best value Not - Buyers are discouraged from using best value Stating the relative importance assigned to each evaluation factor is not required. The basis on which award will be made must be stated You are the contracting officer for a commercial services requirement with an estimated value of $2,600,000. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - Answer Notice of the proposed action must be transmitted to the GPE. You have a repetitive requirement for individual purchases of the same commercialservice. The estimated value of the individual purchases range from $75,000 to $500,000. Which one of the following simplified acquisition methods would be the most appropriate to use? - Answer Blanket Purchase Agreement (BPA) Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - Answer Not - Reviewing the quotations for responsibility Not - Reviewing electronic and digital submission to ensure they are readable Not - Ranking the quotations by technical acceptability Ensuring quotations are marked with the date and time they were received Not - Documenting the quotations with the data and time they were received Which one of the following statements about the evaluation of quotations or offers using SAP is true? - Answer Not - discretion to evaluate quotations. Not - A formal evaluation must be established prior to evaluating quotations or offers. Not - A formal evaluation plan must be established prior to receipt of quotations or offers Not - For efficiency purposes, the contracting officer is not required to consider all quotations or offers. Not - Conducting comparative evaluations of quotations or offers is not permitted. Contracting officers have the discretion to use the evaluation procedures prescribed in FAR parts 14 and 15. You are the contracting officer for a commercial product requirement with an estimated value of $178,000. Only one quotation was received in response to the competitive solicitation, and the information obtained through market research is insufficient to determine the quoted price fair and reasonable. Which one of the following statements about the price reasonableness determination is most appropriate? - Answer The requirement must be resolicited in order to obtain competition. Recent purchases Which one of the following is NOT correct regarding documenting the award of a buy using SAP? - Answer Maybe not - Records of oral price quotations must be established to clearly reflect the appropriateness of the award decision. Not - Price reasonableness should be based on competitive quotes or offers whenever possible. Not - A statement of price reasonableness is not required when only one quote or offer is received. You just made a purchase for supplies in the amount of $22,300. You solicited quotations orally from four local sources. Which one of the following statements is correct regarding providing notice to the unsuccessful suppliers? - Answer Not - Notice to unsuccessful suppliers is naver required when using SAP Notice to the unsuccessful suppliers will only be given if requested Not - Notice must be provided to each of the unsuccessful suppliers. Not - Notice to the unsuccessful suppliers cannot be provided because an oral solicitation was used Which one of the following would result in the establishment of a contract? - Answer Not - Supplier validates the terms of the quotation Not - Government issuance of an order in response to a quotation x Supplier's written acceptance of an order Not - Supplier furnishes the ordered supplies Three quotes were received in response to your solicitation for training services. Evaluation was based on a tradeoff between price and past performance. The assigned past performance ratings and quoted prices were as follows: Vendor A - Unacceptable, $216,150; Vendor B - Acceptable, $248,500; and Vendor C - Outstanding, $237,200. Which one of the following statements about the award decision is correct? - Answer There is not enough information to determine an apparent awardee Not - Vendor B is the apparent awardee and price reasonableness could be based on any reasonable basis Not - Vendor A is the apparent awardee and price reasonableness would be based on competition. Vendor C is the apparent and price reasonableness would be based on competition You are the contracting officer for a noncommercial bilateral purchase order for supplies valued at $155,600. Which one of the following actions would be executed using a unilateral modification? - Answer Not -Making a negotiated equitable adjustment You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? - Answer Not - The Government may seek an equitable price reduction for accepting the late report if reperformance of the nonconforming service is not possible. Not - The government may seek consideration for accepting the late report if reperformance of the nonconforming service is not possible.