CFCM UPDATED SCRIPTED EXAMS QUESTIONS AND
SOLUTIONS GUARANTEE A+
✔✔Public Law _____________ authorizes extraordinary contractual actions to facilitate
the national defense. - ✔✔85-804
✔✔Clarifications - ✔✔Exchanges btw Govt & Offerors after receipt of proposals, leading
to estb of competitive range. (This is offered when the award is contemplated without
discussions)
✔✔Discussions - ✔✔Clarifications btw the Govt & those offerors
✔✔Truthful Cost & Pricing Data (legacy, TINA) - ✔✔Threshold of $750,000
✔✔What are the considerations of an agency for "Best value continuum"? - ✔✔-
Requirements
- Risk
- Past Performance
- Cost
✔✔What are the techniques used for Proposal Analysis? - ✔✔1. Price analysis
2. Cost analysis
3. Cost realism analysis
4. Technical analysis
✔✔What are the objectives of a PROFIT? - ✔✔1. to Stimulate efficient and effective
contract performance.
2. Attract best capabilities of qualified small and large businesses
3. Maitain a viable industrial base.
✔✔Statutory limits/ limitations on Proft? - ✔✔- 15% for R&D efforts on CPFF contract
- 10% on all other CPFF contracts.
- 6% on A-E firms
✔✔Under "Make-or-Buy" programs, Govt may reserve right to review and agree to
ensure: - ✔✔1. negotiation of reasonable price
2. satisfactory performance
3. implementation of socioeconomic policies.
✔✔What is Price Analysis? - ✔✔The process of examining & evaluating a proposed
price w/o evaluating its separate cost elements and proposed profits. (Hint: It's used
when cost & pricing data are not required)
, ✔✔Oral presentations are used to obtain the following information for consideration: -
✔✔- Govt's ability to adequately evaluate the info.
- Impact (including cost) on small business
- Impact on the efficiency of acquisition
[NOTE: Revision of the offeror's proposal - is not part of it.]
✔✔When are contractors required to maintain a code of business ethics & conduct
(FAR Part 3)? - ✔✔Within 30 days of contract award: Value $5M or more, 120 days or
more performance period - Must do the following:
1. Written code of business ethics & conduct, and
2. Make available a copy of the same to each employee engaged in contract
performance.
✔✔What are the considerations by Govt for use of products containing recovered
materials & bio-based products (FAR 23.4)? - ✔✔-Cost
-Competition availability
-Performance
✔✔What circumstances / factors should COs consider for individual acquisitions (FAR
5.203)? - ✔✔-complexity -commerciality -availability -urgency; when estb response
times for contract actions >$25k but less than SAT, or when acq. commercial items with
est. value > $25k.
✔✔When are notices on Contract Actions posted (timelines under FAR Part 5)? - ✔✔-
Publish notice 15 days before issuance of soliciation.
- Acq. of commercial items can be shorter, as may be determined by CO.
- At least 30-day response time for receipt of offers fm date of solicitation issuance - IF
proposed contract action EXPECTED TO EXCEED SAT. [COs to presume that notice
was published one day after transmission to the GPE, unless there is evidence to the
contrary]
✔✔Exemptions from Public Notice (FAR 5.202)? - ✔✔- National Security
- Unusual and compelling urgency
- Acq. under Foreign govt or international treaty
- Express auth by a statute or requirement by another agency
- Perishable subsistence supplies
✔✔When are the synopsis of contract awards reqd to be posted (FAR 5.3)? - ✔✔CO to
synopsize thru GPE, awards exceeding $25k, covered under WTO Govt Procurement
Agreement or Free Trade Agreement, or likely resulting in SubK.
Contract awards exceeding $4M must also be made available to the public in addition to
GPE.
SOLUTIONS GUARANTEE A+
✔✔Public Law _____________ authorizes extraordinary contractual actions to facilitate
the national defense. - ✔✔85-804
✔✔Clarifications - ✔✔Exchanges btw Govt & Offerors after receipt of proposals, leading
to estb of competitive range. (This is offered when the award is contemplated without
discussions)
✔✔Discussions - ✔✔Clarifications btw the Govt & those offerors
✔✔Truthful Cost & Pricing Data (legacy, TINA) - ✔✔Threshold of $750,000
✔✔What are the considerations of an agency for "Best value continuum"? - ✔✔-
Requirements
- Risk
- Past Performance
- Cost
✔✔What are the techniques used for Proposal Analysis? - ✔✔1. Price analysis
2. Cost analysis
3. Cost realism analysis
4. Technical analysis
✔✔What are the objectives of a PROFIT? - ✔✔1. to Stimulate efficient and effective
contract performance.
2. Attract best capabilities of qualified small and large businesses
3. Maitain a viable industrial base.
✔✔Statutory limits/ limitations on Proft? - ✔✔- 15% for R&D efforts on CPFF contract
- 10% on all other CPFF contracts.
- 6% on A-E firms
✔✔Under "Make-or-Buy" programs, Govt may reserve right to review and agree to
ensure: - ✔✔1. negotiation of reasonable price
2. satisfactory performance
3. implementation of socioeconomic policies.
✔✔What is Price Analysis? - ✔✔The process of examining & evaluating a proposed
price w/o evaluating its separate cost elements and proposed profits. (Hint: It's used
when cost & pricing data are not required)
, ✔✔Oral presentations are used to obtain the following information for consideration: -
✔✔- Govt's ability to adequately evaluate the info.
- Impact (including cost) on small business
- Impact on the efficiency of acquisition
[NOTE: Revision of the offeror's proposal - is not part of it.]
✔✔When are contractors required to maintain a code of business ethics & conduct
(FAR Part 3)? - ✔✔Within 30 days of contract award: Value $5M or more, 120 days or
more performance period - Must do the following:
1. Written code of business ethics & conduct, and
2. Make available a copy of the same to each employee engaged in contract
performance.
✔✔What are the considerations by Govt for use of products containing recovered
materials & bio-based products (FAR 23.4)? - ✔✔-Cost
-Competition availability
-Performance
✔✔What circumstances / factors should COs consider for individual acquisitions (FAR
5.203)? - ✔✔-complexity -commerciality -availability -urgency; when estb response
times for contract actions >$25k but less than SAT, or when acq. commercial items with
est. value > $25k.
✔✔When are notices on Contract Actions posted (timelines under FAR Part 5)? - ✔✔-
Publish notice 15 days before issuance of soliciation.
- Acq. of commercial items can be shorter, as may be determined by CO.
- At least 30-day response time for receipt of offers fm date of solicitation issuance - IF
proposed contract action EXPECTED TO EXCEED SAT. [COs to presume that notice
was published one day after transmission to the GPE, unless there is evidence to the
contrary]
✔✔Exemptions from Public Notice (FAR 5.202)? - ✔✔- National Security
- Unusual and compelling urgency
- Acq. under Foreign govt or international treaty
- Express auth by a statute or requirement by another agency
- Perishable subsistence supplies
✔✔When are the synopsis of contract awards reqd to be posted (FAR 5.3)? - ✔✔CO to
synopsize thru GPE, awards exceeding $25k, covered under WTO Govt Procurement
Agreement or Free Trade Agreement, or likely resulting in SubK.
Contract awards exceeding $4M must also be made available to the public in addition to
GPE.
