STUDY GUIDE SOLVED QUESTION SET
◉ 5 Stages of the Contracting Life Cycle include: Answer: 1.
Acquisition Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
◉ Industry best motivates contractors by Answer: exploring how
business strategies affect our partners, and how to establish a mutual
business relationship with a contractor.
◉ Pre-Awarding involves: Answer: 1. Initial Planning & Forming the
Team
2. Market Research
3. Defining Requirements (SOW/PWS/SOO/SPEC)
4. Acquisition Business Strategy
5. Releasing & Closing Solicitation
◉ Awarding involves: Answer: 1. Evaluation
2. Negotiation