FAC-C (Professional) Exam Prep ACTUAL UPDATED
QUESTIONS AND CORRECT ANSWERS
The contracting lifecycle consists of Preaward, award, & postaward
three phases:
The preaward phase involves: All the work performed by both the buyer
(Government or prime contractor) and seller
(contractor or subcontractor in communicating the
buyer's requirements and providing a solution to
those requirements.
Typically start befor the contracting Requirements definition, budgeting/funding
process: process, and acquisition planning.
,Preaward phase consists of two Develop solicitation (Government) and develop
primary activities: offer (Contractor).
In planning the solicitation, the Assess the need, analyze the requirement, ensure
buying activity must: contract outcomes will be measurable and
properly incentivized, and verify the availability of
funds.
What two FAR parts are key FAR Part 7 Acquisition Planning; FAR Part 11
resources in developing the Describing Agency Needs
solicitation?
Buying activities must conduct ___ to Market Research
identify potential suppliers, evaluate
if the requirement is achievable, and
perform any pre-offer conferences
or communication.
What FAR part is a key resource for FAR Part 10 Market Research
conducting Market Research?
How do buying activities analyze Performing make or buy decisions; conducting a
risk? supply or services determination; and
understanding the required schedule or needs of
the customer including the need for property
(including intellectual property).
What FAR/DFARS resources can FAR 15.407-2 Make-or-Buy Programs; FAR Subpart
assist in analyzing risks? 11.4 Delivery or Performance Schedules; FAR Part
45 Government Property; DFARS Part 227 Patents,
Data, & Copyrights.
Primary FAR resource for information FAR Part 16 Types of Contracts
about contract types:
, Which FAR Part addresses FAR Part 5
publicizing contract actions?
What is the second phase of the Contract Award
contract lifecycle?
What is the one activity in the award Form contract
phase?
When it receives offers, the buying Analyze proposals in terms of risk, review for price
activity (Government) must: reasonableness, and document results of the
analysis.
FAR Part ___, ____ gives guidance 15.404, Proposal Analysis
that can be generalized for contract
methods beyond those covered by
the rest of FAR Part 15.
To plan for negotiations, the buying Clarification, negotiation objectives.
activity may ask for ___ from offerors
and then develop _.
In all cases, ___ must explain the Documentation
process that arrived at an offeror
being awarded a contract.
QUESTIONS AND CORRECT ANSWERS
The contracting lifecycle consists of Preaward, award, & postaward
three phases:
The preaward phase involves: All the work performed by both the buyer
(Government or prime contractor) and seller
(contractor or subcontractor in communicating the
buyer's requirements and providing a solution to
those requirements.
Typically start befor the contracting Requirements definition, budgeting/funding
process: process, and acquisition planning.
,Preaward phase consists of two Develop solicitation (Government) and develop
primary activities: offer (Contractor).
In planning the solicitation, the Assess the need, analyze the requirement, ensure
buying activity must: contract outcomes will be measurable and
properly incentivized, and verify the availability of
funds.
What two FAR parts are key FAR Part 7 Acquisition Planning; FAR Part 11
resources in developing the Describing Agency Needs
solicitation?
Buying activities must conduct ___ to Market Research
identify potential suppliers, evaluate
if the requirement is achievable, and
perform any pre-offer conferences
or communication.
What FAR part is a key resource for FAR Part 10 Market Research
conducting Market Research?
How do buying activities analyze Performing make or buy decisions; conducting a
risk? supply or services determination; and
understanding the required schedule or needs of
the customer including the need for property
(including intellectual property).
What FAR/DFARS resources can FAR 15.407-2 Make-or-Buy Programs; FAR Subpart
assist in analyzing risks? 11.4 Delivery or Performance Schedules; FAR Part
45 Government Property; DFARS Part 227 Patents,
Data, & Copyrights.
Primary FAR resource for information FAR Part 16 Types of Contracts
about contract types:
, Which FAR Part addresses FAR Part 5
publicizing contract actions?
What is the second phase of the Contract Award
contract lifecycle?
What is the one activity in the award Form contract
phase?
When it receives offers, the buying Analyze proposals in terms of risk, review for price
activity (Government) must: reasonableness, and document results of the
analysis.
FAR Part ___, ____ gives guidance 15.404, Proposal Analysis
that can be generalized for contract
methods beyond those covered by
the rest of FAR Part 15.
To plan for negotiations, the buying Clarification, negotiation objectives.
activity may ask for ___ from offerors
and then develop _.
In all cases, ___ must explain the Documentation
process that arrived at an offeror
being awarded a contract.
