CON 2370 Simplified Acquisition DIFICULT EXAM QUESTIONS AND ANSWERS

You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? The use of simplified acquisition procedures is prohibited. You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? The contract is considered closed once you receive evidence of receipt of property and final payment. You are the contracting officer for a noncommercial supply contract valued at $155,600. Which one of the following actions would be executed using a bilateral modification?