CON 3990V Pre Practice Test 3 Questions & Answers 2026
| Latest Review Guide
1. Describe the role of the Procurement Contracting Officer in the source
selection process.
The Procurement Contracting Officer is solely responsible for handling
protests in the contracting process.
The Procurement Contracting Officer manages the budget for the
entire contracting process.
The Procurement Contracting Officer is responsible for making
business decisions and ensuring compliance with contracting
regulations during source selection.
The Procurement Contracting Officer only evaluates proposals
submitted by contractors.
2. If a contracting officer finds that the proposed price for a service is
significantly higher than similar services in the market, what conclusion can
they draw regarding the reasonableness of the price?
The price is reasonable as long as it is within budget.
The price may not be reasonable based on market comparisons.
The price is reasonable if the seller justifies it.
The price is reasonable because it is higher than average.
3. What is the purpose of clarifications in the proposal process?
To eliminate the need for proposal evaluations.
To allow an offeror to clarify certain aspects of their proposal.
To enable the contracting officer to change the proposal
requirements.
, To provide a platform for submitting new proposals.
4. In a scenario where a contract is awarded and an interested party believes
the process was unfair, what steps should they take to address their
concerns?
They should inform the media about their concerns.
They should file a protest according to the established procedures.
They should wait for the contract to be executed before taking action.
They should contact the contracting officer directly for clarification.
5. In a scenario where a contracting officer is faced with multiple proposals,
how would the pre-negotiation objective influence their decision-making
process?
It would eliminate the need for proposal evaluations.
It would provide a framework for comparing the proposed prices
against established benchmarks.
It would prioritize the lowest bid without further analysis.
It would focus only on the qualifications of the vendors.
6. What are the three key evaluations included in a cost realism analysis for
cost-reimbursement contracts?
What the Government should realistically expect to pay for the
proposed effort, the offeror's understanding of the work, and the
offeror's ability to perform the contract.
The offeror's technical proposal, the Government's funding availability,
and the offeror's compliance with regulations.
, The offeror's past performance, the offeror's pricing strategy, and the
Government's budget constraints.
The offeror's financial stability, the proposed timeline, and the
Government's risk assessment.
7. What is typically required to satisfy the price analysis for firm-fixed-price
contracts?
Contractor qualifications
Cost analysis
Adequate competition
Proposal evaluation
8. An Interested Party, for the purpose of filing a protest, means an or
offeror whose direct economic interest would be affected by the award of a
contract or by the failure to award a contract.
Vendor or Contractor
Actual or apparent
actual or prospective
9. What must occur for a price to be considered based on adequate price
competition?
The offer must include a detailed cost breakdown.
Only one offer was received.
In receipt of offers from two or more responsible offerors.
The price must be lower than the previous contract.
10. Definition of pricing
, Point at which a company and consumers agree on an exchange
Financial resources given up for a good
Enough to make a profit on a good
Everything given up in exchange for the good
11. If a contracting officer fails to establish pre-negotiation objectives, what
potential impact could this have on the negotiation outcome?
It would have no impact on the negotiation outcome.
It would simplify the proposal evaluation process.
It could lead to unclear negotiations and unfavorable pricing
agreements.
It would guarantee a successful contract.
12. Who is responsible for overseeing the source selection process in
contracting?
SSAC- Source Select Advisory Council
SSA- Source Select Authority
PCO- Procurement Contracting Officer
SSEB- Source Selection Evaluation Board
13. What does FAR 2.101 state about the nature of cost or pricing data?
Is factual
Is subjective
Is opinion-based
Is unverifiable
| Latest Review Guide
1. Describe the role of the Procurement Contracting Officer in the source
selection process.
The Procurement Contracting Officer is solely responsible for handling
protests in the contracting process.
The Procurement Contracting Officer manages the budget for the
entire contracting process.
The Procurement Contracting Officer is responsible for making
business decisions and ensuring compliance with contracting
regulations during source selection.
The Procurement Contracting Officer only evaluates proposals
submitted by contractors.
2. If a contracting officer finds that the proposed price for a service is
significantly higher than similar services in the market, what conclusion can
they draw regarding the reasonableness of the price?
The price is reasonable as long as it is within budget.
The price may not be reasonable based on market comparisons.
The price is reasonable if the seller justifies it.
The price is reasonable because it is higher than average.
3. What is the purpose of clarifications in the proposal process?
To eliminate the need for proposal evaluations.
To allow an offeror to clarify certain aspects of their proposal.
To enable the contracting officer to change the proposal
requirements.
, To provide a platform for submitting new proposals.
4. In a scenario where a contract is awarded and an interested party believes
the process was unfair, what steps should they take to address their
concerns?
They should inform the media about their concerns.
They should file a protest according to the established procedures.
They should wait for the contract to be executed before taking action.
They should contact the contracting officer directly for clarification.
5. In a scenario where a contracting officer is faced with multiple proposals,
how would the pre-negotiation objective influence their decision-making
process?
It would eliminate the need for proposal evaluations.
It would provide a framework for comparing the proposed prices
against established benchmarks.
It would prioritize the lowest bid without further analysis.
It would focus only on the qualifications of the vendors.
6. What are the three key evaluations included in a cost realism analysis for
cost-reimbursement contracts?
What the Government should realistically expect to pay for the
proposed effort, the offeror's understanding of the work, and the
offeror's ability to perform the contract.
The offeror's technical proposal, the Government's funding availability,
and the offeror's compliance with regulations.
, The offeror's past performance, the offeror's pricing strategy, and the
Government's budget constraints.
The offeror's financial stability, the proposed timeline, and the
Government's risk assessment.
7. What is typically required to satisfy the price analysis for firm-fixed-price
contracts?
Contractor qualifications
Cost analysis
Adequate competition
Proposal evaluation
8. An Interested Party, for the purpose of filing a protest, means an or
offeror whose direct economic interest would be affected by the award of a
contract or by the failure to award a contract.
Vendor or Contractor
Actual or apparent
actual or prospective
9. What must occur for a price to be considered based on adequate price
competition?
The offer must include a detailed cost breakdown.
Only one offer was received.
In receipt of offers from two or more responsible offerors.
The price must be lower than the previous contract.
10. Definition of pricing
, Point at which a company and consumers agree on an exchange
Financial resources given up for a good
Enough to make a profit on a good
Everything given up in exchange for the good
11. If a contracting officer fails to establish pre-negotiation objectives, what
potential impact could this have on the negotiation outcome?
It would have no impact on the negotiation outcome.
It would simplify the proposal evaluation process.
It could lead to unclear negotiations and unfavorable pricing
agreements.
It would guarantee a successful contract.
12. Who is responsible for overseeing the source selection process in
contracting?
SSAC- Source Select Advisory Council
SSA- Source Select Authority
PCO- Procurement Contracting Officer
SSEB- Source Selection Evaluation Board
13. What does FAR 2.101 state about the nature of cost or pricing data?
Is factual
Is subjective
Is opinion-based
Is unverifiable
