CON 1100V Unit 2 Questions With Answers 100% Solved. 3 Phases of the Contracting Life Cycle include: - ANSWER>>1. Pre-Award 2. Award 3. Post-Award 5 Stages of the Contracting Life Cycle include: - ANSWER>>1. Acquisition Planning 2. Solicitati

CON 1100V Unit 2 Questions With Answers 100% Solved.




3 Phases of the Contracting Life Cycle include: - ✔✔ANSWER✔✔>>1. Pre-Award
2. Award
3. Post-Award

5 Stages of the Contracting Life Cycle include: - ✔✔ANSWER✔✔>>1. Acquisition
Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
Awarding involves: - ✔✔ANSWER✔✔>>1. Evaluation
2. Negotiation
3. Award
4. Debriefs/Protests

Post-Awarding involves: - ✔✔ANSWER✔✔>>1. Post-Award Orientation
2. Modifications
3. Contract Administration
4. Claims/Disputes
5. Close-Out

Industry Engagement is most important when: - ✔✔ANSWER✔✔>>developing
business strategies and understanding what motivates a contractor throughout the
contracting life cycle.

Acquisition Planning Stage involves: - ✔✔ANSWER✔✔>>1. Identifying acquisition
team.
2. Conducting market research.
3. Understanding industry.
4. Describing agency needs.
5. Performing meaningful risk analysis.
6. Formulating contract strategy.
7. Preparing solicitation.
8. Publicizing (advertising) contract actions.

Evaluation stage involves: - ✔✔ANSWER✔✔>>1. Proposals
2. Price/Cost Analysis