Con Exam Questions and Answers All Correct

Con Exam Questions and Answers All Correct Express Actual Authority: - Answer-Authority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - Answer-authority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - Answer-someone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - Answer-he FAR and states that each authority is delegable unless specifically stated otherwise (FAR 1.108(b)). contract: - Answer-mutually binding legal relationship obligating the seller to furnish the supplies or services (including construction) and the buyer to pay for them in writing Mutual Assent: - Answer-meeting of the minds. parties involved in a contract must come to an agreement about the details of the transaction and each party either makes a promise or begins or renders performance. Capacity: - Answer-refers to the legal competence of a person to enter a valid contract. Consideration: - Answer-something of value that a promisor (the offeror) receives from a promisee (the offeree) in return for his or her offer. Lawful Purpose: - Answer-the contract must not be for an unlawful purpose or contrary to public policy Essential elements of a contract: - Answer-Capacity Mutual assent Consideration Lawful purpose FAR part 10: - Answer-market research Market research: - Answer-the process used to determine if industry can support the acquisition "needs" of the Government. a continuous process for gathering and analyzing information about products and services that are available in marketplace. Market research is conducted to determine: - Answer-if commercial products/services or non-developmental items are available to meet the Government's needs or could be modified to meet the Government's needs (FAR10.002(b)). Strategic market research: - Answer-continuous. overall market developments, trends and capabilities. An example of strategic research is attending a trade show for a specific industry. Tactical Market: - Answer-conducted at specific points during the acquisition process. provides a deeper understanding of the market and answer specific questions about the capabilities, products or services available in the market. Market research can be: - Answer-Strategic or Tactical The Competition in Contracting Act of 1984, (CICA): - Answer-Generally, unless an exception applies or is otherwise expressly authorized by statute, Contracting Officers shall promote and provide for full and open competition in soliciting offers and awarding Government contracts. Competitive Procedures: - Answer-Sealed bids. Competitive proposals Combination of competitive procedures.(e.g., two-step sealed bidding). Other competitive procedures Full and Open Competition: - Answer-With certain limited exceptions contracting officers shall promote and provide for full and open competition in soliciting offers and awarding Government contracts Full and Open Competition After Exclusion of Sources: - Answer-Agencies may exclude a particular source from a contract action in order to establish or maintain an alternative source or sources Exclusion of Sources examples: - Answer-small business Establishing or maintaining alternative sources 8(a Hubzone women-owned small business(EDWOSB) concerns or women-owned small business (WOSB) concerns eligible under the WOSB Program local firms during a major disaster or emergency Other Than Full and Open Competition: - Answer-Contracting without providing for Full and open is authorized under certain conditions with justification Other Than Full and Open Competition Examples: - Answer-Sole Source Unusual and compelling urgency Industrial mobilization; engineering, developmental, or research capability ;or expert services International agreement Authorized or required by statute National security Public Interest Contracting officers shall purchase: - Answer-supplies and services from responsible sources at fair and reasonable prices (FAR15.402 In establishing the reasonableness the contracting officer shall: - Answer-obtain certified cost or pricing data when required shall obtain data other than certified cost or pricing data if certified cost or pricing data are not required Data other than certified cost or pricing data such as: - Answer-market prices, sales to non-governmental and governmental entities rely first on data available within the Government second, on data obtained from sources other than the offeror; and, if necessary, on data obtained from the offeror. Ethics; The general rule is: - Answer-to avoid strictly any conflict of interest or even the appearance of a conflict of interest in government-contractor relationships. Violating compliance rules can subject a contractor to: - Answer-contractual and financial harm, but also potentially to civil monetary penalties and criminal sanctions No Government employee may solicit or accept, directly or indirectly, any gratuity, gift, favor, entertainment, loan, or anything of monetary value from anyone who: - AnswerHas or is seeking to obtain Government business with the employee's agency Conducts activities that are regulated by the employee's agency Has interests that may be substantially affected by the performance or nonperformance of the employee's official duties. Certain limited exceptions are authorized in agency regulations. Acceptance means: - Answer-the act of an authorized representative of the Government acknowledges that the supplies or services conform with applicable contract quality and quantity requirements. Responsibility for Acceptance: - Answer-Acceptance of supplies or services is the responsibility of the Contracting Officer Supplies accepted at a place other than destination shall: - Answer-not be re-inspected at destination for acceptance purposes, but should be examined at destination for quantity, damage in transit, and possible substitution or fraud. Place of Acceptance: - Answer-Contracts that provide for Government contract quality assurance at source shall ordinarily provide for acceptance at source. Contracts that provide for Government contract quality assurance at destination shall ordinarily provide for acceptance at destination Certificate of Conformance: - Answer-may be used in certain instances instead of source inspection at the discretion of the contracting officer Certificate of Conformance conditions: - Answer-may be used in certain instances instead of source inspection (whether the contract calls for acceptance at source or destination) at the discretion of the contracting officer if the following conditions apply: Title to supplies shall pass to the Government upon: - Answer-formal acceptance, regardless of when or where the Government takes physical possession, unless the contract specifically provides for earlier passage of title Title Transfer and Risk of Loss: - Answer-shall remain with the contractor until, and shall pass to the Government uponDelivery of the supplies to a carrier if transportation is f.o.b. origin; or Acceptance of supplies at the destination specified in the contract, whichever is later, if transportation is f.o.b. destination. Excusable Delays Clause: - Answer-is included in solicitations on a fee basis for costreimbursement contracts, time-and-material contracts, and labor-hour contracts.