CON EXAM 2 QUESTIONS AND CORRECT ANSWERS|
GRADED A+ |VERIFIED ANSWERS|
1. Multi-year contracting is a special contracting method. Special
contracting methods are found in FAR part ____. (exam)
16
17
12
13 Correct Answers 17
Which Indefinite delivery contract requires the customer to order and
the seller to furnish a guaranteed minimum? (exam)
Definite Quantity Contract
Requirements Contract
Indefinite Delivery/ Indefinite Quantity Contract
Basic Ordering Agreement Correct Answers Indefinite Delivery/
Indefinite Quantity Contract
A Synopsis should be posted on:
,(exam)
CCR
ORCA
FedBizOps
CPARS Correct Answers FedBizOps
Which of the following is the Government's preferred method of
describing agencies requirements? (exam)
Design specification
Statement of work
Performance work statement
All of the answers are wrong Correct Answers Performance work
statement
What type of data is not included in the synopsis? (exam)
Estimated quantity
Place of performance
Names of vendors bidding
Description of action Correct Answers Names of vendors bidding
,Contracting Officers must establish a response time that will afford
potential offerors a reasonable opportunity to respond to each proposed
contract action. The normal response time for Research and
Development actions that exceed the Simplified Acquisition Threshold
is:
(exam)
15 days
30 days
45 days
60 days Correct Answers 45 days
Contract actions between $______ and $25,000 must be posted in a
public display area for advertisement. (synopsis in GPE)
(exam)
$10,000
$15,000
$20,000
None of the answers are right Correct Answers $15,000
Which contract type provides for upward and downward revision of
stated contract price upon the occurrence of specified contingencies
, Cost Plus-Incentive-Fee
Fixed Price With an Economic Price Adjustment
Firm Fixed Price, Level of Effort Term
Time and Materials Correct Answers Fixed Price With an Economic
Price Adjustment
If a contracting officer wants to exercise an option and it is in the best
interest of the government, the contracting officer must include in the
contract file a written justification known as a/an ________.
Justification and Approval
Determination and Findings
Waiver
Deviation Correct Answers Determination and Findings
What contract type is appropriate for sealed bidding?
Cost-Plus-Fixed-Fee (CPFF)
Cost-Plus-Award-Fee (CPAF)
Firm-Fixed Price (FFP)
Time and Materials Correct Answers Firm-Fixed Price (FFP)
GRADED A+ |VERIFIED ANSWERS|
1. Multi-year contracting is a special contracting method. Special
contracting methods are found in FAR part ____. (exam)
16
17
12
13 Correct Answers 17
Which Indefinite delivery contract requires the customer to order and
the seller to furnish a guaranteed minimum? (exam)
Definite Quantity Contract
Requirements Contract
Indefinite Delivery/ Indefinite Quantity Contract
Basic Ordering Agreement Correct Answers Indefinite Delivery/
Indefinite Quantity Contract
A Synopsis should be posted on:
,(exam)
CCR
ORCA
FedBizOps
CPARS Correct Answers FedBizOps
Which of the following is the Government's preferred method of
describing agencies requirements? (exam)
Design specification
Statement of work
Performance work statement
All of the answers are wrong Correct Answers Performance work
statement
What type of data is not included in the synopsis? (exam)
Estimated quantity
Place of performance
Names of vendors bidding
Description of action Correct Answers Names of vendors bidding
,Contracting Officers must establish a response time that will afford
potential offerors a reasonable opportunity to respond to each proposed
contract action. The normal response time for Research and
Development actions that exceed the Simplified Acquisition Threshold
is:
(exam)
15 days
30 days
45 days
60 days Correct Answers 45 days
Contract actions between $______ and $25,000 must be posted in a
public display area for advertisement. (synopsis in GPE)
(exam)
$10,000
$15,000
$20,000
None of the answers are right Correct Answers $15,000
Which contract type provides for upward and downward revision of
stated contract price upon the occurrence of specified contingencies
, Cost Plus-Incentive-Fee
Fixed Price With an Economic Price Adjustment
Firm Fixed Price, Level of Effort Term
Time and Materials Correct Answers Fixed Price With an Economic
Price Adjustment
If a contracting officer wants to exercise an option and it is in the best
interest of the government, the contracting officer must include in the
contract file a written justification known as a/an ________.
Justification and Approval
Determination and Findings
Waiver
Deviation Correct Answers Determination and Findings
What contract type is appropriate for sealed bidding?
Cost-Plus-Fixed-Fee (CPFF)
Cost-Plus-Award-Fee (CPAF)
Firm-Fixed Price (FFP)
Time and Materials Correct Answers Firm-Fixed Price (FFP)
