Complete Solutions Graded A+
It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices
from: - Answer: Responsible sources
What are the two types of negotiated acquisitions? - Answer: Sole source and competitive
What is the objective of a source selection? - Answer: To select the proposal that represents the best
value
Which contract type shifts cost risk from the Government to the contractor? - Answer: Fixed-price
Which of the following best describes the purpose of proposal analysis? - Answer: To ensure the price is
fair and reasonable
Which type of solicitation may require the submission of certified cost or pricing data? - Answer:
Request for proposals
Which type of solicitation may require the submission of certified cost or pricing data? - Answer:
Request for proposals
A contracting officer has the broadest discretion in fashioning suitable evaluation procedures when
considering: - Answer: Quotations
Which acquisition situation would warrant an exception to the requirement for certified cost or pricing
data? - Answer: Commercial item acquisition
A proposal submission time and date of 2 p.m. on February 3, 2020, appeared on the cover page of a
Government solicitation. Based on the information provided at FAR 52.215-1, Instructions to Offerors -
Competitive Acquisitions, which of the following proposals is late? - Answer: The contractor provided its
proposal at 2:15 p.m. on February 3, 2020.