CON 1300 Unit 02 – Cost or Pricing
Exam Review
Acquisition occasions - ANS-Specific conditions beneath which positive procurement strategies
should be observed.
Certified value or pricing data - ANS-Data that have to be supplied via contractors to support the
reasonableness of their proposed prices.
Commercial objects - ANS-Products or services which are offered or offered for sale inside the
commercial marketplace.
Commercial buy order beneath FAR element thirteen - ANS-A settlement has been hooked up
because the acquisition order changed into issued.
Commercial purchase order beneath FAR component thirteen - ANS-A settlement is established
if the dealer accepts the order in writing.
Commercial purchase order underneath FAR component thirteen - ANS-A agreement changed
into shaped as soon as the provider submitted their citation to the authorities.
Comparison of proposed fees - ANS-Evaluation of how every offeror's proposed charge
compares to competitively proposed costs.
Competitive quotes - ANS-Bids acquired from a couple of providers for a particular requirement.
Contingency quantity - ANS-An extra quantity protected in a charge to account for unforeseen
circumstances.
Contract unit charge for 2021 - ANS-$24.90.
Cost analysis - ANS-The evaluation of the person fee factors of a contractor's suggestion to
determine the reasonableness of the entire fee.
Cost realism analysis - ANS-An evaluation method used to decide the maximum in all likelihood
price of a value-repayment contract.
Cost-repayment settlement - ANS-A settlement in which the contractor is paid for allowable
charges incurred, plus an additional amount for profit.
Exam Review
Acquisition occasions - ANS-Specific conditions beneath which positive procurement strategies
should be observed.
Certified value or pricing data - ANS-Data that have to be supplied via contractors to support the
reasonableness of their proposed prices.
Commercial objects - ANS-Products or services which are offered or offered for sale inside the
commercial marketplace.
Commercial buy order beneath FAR element thirteen - ANS-A settlement has been hooked up
because the acquisition order changed into issued.
Commercial purchase order beneath FAR component thirteen - ANS-A settlement is established
if the dealer accepts the order in writing.
Commercial purchase order underneath FAR component thirteen - ANS-A agreement changed
into shaped as soon as the provider submitted their citation to the authorities.
Comparison of proposed fees - ANS-Evaluation of how every offeror's proposed charge
compares to competitively proposed costs.
Competitive quotes - ANS-Bids acquired from a couple of providers for a particular requirement.
Contingency quantity - ANS-An extra quantity protected in a charge to account for unforeseen
circumstances.
Contract unit charge for 2021 - ANS-$24.90.
Cost analysis - ANS-The evaluation of the person fee factors of a contractor's suggestion to
determine the reasonableness of the entire fee.
Cost realism analysis - ANS-An evaluation method used to decide the maximum in all likelihood
price of a value-repayment contract.
Cost-repayment settlement - ANS-A settlement in which the contractor is paid for allowable
charges incurred, plus an additional amount for profit.
