CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - answer&

CON 2370 Simplified Acquisition Procedures Exam Questions with Correct Answers You are the contracting officer for a firm -fixed -price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - answer>> The contract is considered closed once you receive evidence of receipt of proper ty and final payment. You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? - answer>> The use of simplified acquisition procedures is prohibited. You are the contracting officer for a noncommercial supply contract valued at $155,600. Which one of the following actions would be executed using a bilateral modification? (There is another question almost Identical to this one) - answer>> Making a negotiated equitable adjustment You have a requirement for a new contract for janitorial services at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contracto r performing the services is not meeting the Commander's expectations. Consistent with the order of precedence for requirements documents, which one of the following documents would be included in the new contract? - answer>> A Performance Work Statement (PWS) Which one of the following mandatory Government sources is the first priority for satisfying a requirement for supplies? - answer>> Inventories of the requiring agency You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is correct regarding the policies for describing your agency's needs? - answer>> The basis for not providing for maximum competition must be documented in the contract file Which one of the following would re sult in the establishment of a contract? - answer>> Supplier furnishes the ordered supplies You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit quotations from three local sources. Which one of the fo llowing statements is correct regarding providing notice to the unsuccessful vendors? - answer>> Notice to the unsuccessful vendors will only be given if requested Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - answer>> Reviewing the quotations for responsibility You are the contracting officer for a requirement for commercial services with an estimated value of $780,000. Four quotations were received in response to the solicitation and market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate? - answer>> Market research must be conducted or obtained to s upport the fair and reasonable determination. You are the contracting officer for a firm -fixed -price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the end user complains that the good s are not functioning as expected. You investigate and determine that the items are not fully compliant with the specification in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government? - answer >> The Contractor Three quotes were received in response to your solicitation for training services. Evaluation was based on a tradeoff between price and past performance. The assigned past performance ratings and quoted prices were as follows: Vendor A — Unacceptable, $216,150;