CON 3990 Exam Study Guide 2024

Allowable Cost: Reasonable? Yes Allowable Cost: Realistic? No Allowable Cost: Any limitations set forth in FAR subpart 31.2? Yes Allowable Cost: IAW the terms of the contract? Yes Allowable Cost: IAW Common Law? No Allowable Cost: Allocable? Yes Allowable Cost: IAW Cost Accounting Standards; IAW Generally Accepted Accounting Standards? Yes Allowable Cost: Any Limitations set forth in FAR subpart 15.1? No Modification Type: Exercising an Option Unilateral Modification Type: Administrative Change Unilateral Modification Type: An Agreement definitizing a letter contract Bilateral Modification Type: Modifying terms and conditions Bilateral Modification Type: Negotiated equitable adjustment Bilateral Modification Type: Issue a change order Unilateral Contract type: Cost-Plus-Percentage of Cost Shall not be used Contract type: FP-EPA Commercial Item & Sealed Bidding Contract type: FFP Commercial Item & Sealed Bidding Contract type: Cost-Plus-Incentive-Fee Incentive Contracts Contract type: Cost-Plus-Award-Fee Incentive Contracts Contract type: Fixed Price Incentive Firm Incentive Contracts Cost or Pricing Data: Factual, not judgmental? Yes Cost or Pricing Data: Opinions? No Cost or Pricing Data: Subjective? No Cost or Pricing Data: Verifiable? Yes Cost or Pricing Data: Facts expected to significantly affect price negotiations? Yes C or P Analysis? Comparison of proposed prices in response to the solicitation Price Analysis C or P Analysis? Verification of cost or pricing data and evaluation of cost elements