AF Contracting Officer Study Guide with all questions answered correct 100% REVISED 2023/2024

*Source Selection* FAR 1.602-2; 3.104-4; 15.207 () Q: What are the CO's responsibilities in source selection? - ANSWER 1. Procedures to safeguard source selection information. 2. Approve access to/release source selection information. 3. Maintain SS evaluation records. *Source Selection* 2016 DoD Source Selection Manual, 1.4.1.2 () Q: What are the SSA responsibilities? - ANSWER 1. Proper and efficient conduct of SS process. 2. Appoint respective chairpersons. 3. Establish SS team and ensure their knowledge of policy/procedure. 4. Ensure pace is event and not schedule driven (realistic SS schedule). *Financing* FAR 32.106 () Q: Name the different types of government financing in order of their preference - ANSWER 1. Private financing (most preferred). 2. Performance based payments. 3. Customary progress payments. 4. Guaranteed loans. 5. Unusual progress payments. 6. Advance payments (least preferred). *Acquisition Strategy Panel (ASP)* AFFARS 5307.104-92; AFICA MP 5307.104-92 () Q: Who prepares the ASP minutes, when are they prepared and who approves them? *AIR FORCE ONLY* - ANSWER Program manager, CO or Commodity Council Director prepares following the conclusion of the ASP briefing, and approved by the ASP chairperson.