con exam prep questions with verified answers
1. A contractor is developing their pricing strategy in a competitive environment.
Knowing the required effort will result in follow-on contracts, the contractor
submits and offer below anticipated costs with the plan to recover any losses by
increasing the price on follow-on efforts. This pricing strategy is referred to as:
Ans✓✓✓ Buying-in
1. Costs that are expressly unallowable or mutually agreed to be unallowable shall
be identified and excluded from any Billing, claim, or proposal applicable to a
Government contract Ans✓✓✓ N/A
1. In evaluating a solicitation, which section of the uniform contract format (UCF)
would contain information to the offeror regarding the evaluation factors and
subfactors the Government will use to evaluate the offeror's proposal? Ans✓✓✓
Section M
1. It is the Government's pricing policy to purchase supplies and services at fair
and reasonable prices form: Ans✓✓✓ Responsible sources
1. Supplies accepted at a place other than Destination shall 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. Ans✓✓✓
Destination
1. The Government has a requirement for computer equipment. The program
office indicates that its users will have no need for performance capabilities
beyond the minimum technical specifications stated in the purchase request.
Which source selection process would be most appropriate in this situation?
Ans✓✓✓ Lowest price technically acceptable
,1. Unless an exception exists, and in accordance with FAR part 15-Contracting by
Negotiations, noncommercial contracts and solicitations will be awarded utilizing
what contract format? Ans✓✓✓ The uniform contract format
1. What FAR part covers protests? Ans✓✓✓ FAR part 33
1. What part of the FAR prescribes policies and procedures for assigning and
performing contract administration and contract audit services? Ans✓✓✓ FAR
Part 42
1. What Part(s) of the FAR address(es) contract performance? Ans✓✓✓ FAR Part
42 & FAR Part 46
1. What type of contract should be used for an item that uses a very large amount
of gold and other precious metals in the manufacturing process? Ans✓✓✓ Fixed-
price with economic price adjustment.
1. When a contracting professional determines that a price is reasonable, what
does that mean? Ans✓✓✓ They made a decision based on what a prudent and
competent buyer would be willing to pay.
1. When a potential contractor is developing a proposal where cost analysis will
be performed, the potential contractor will need to ensure it has excluded from
the proposal any costs that are: Ans✓✓✓ Expressly unallowable.
1. Where in the FAR is contracting by negotiation covered? Ans✓✓✓ FAR part 15
,1. Where is the FAR can you find guidance on how to establish, maintain, and
dispose of Government contract files? Ans✓✓✓ FAR part 4
1. You are proposal manager for a large defense contractor, leading your
company's effort to win a contract. In order to determine the page limit for your
proposal, which section in the request for proposal should you review? Ans✓✓✓
Section L - Instructions, conditions, and notices to offerors or respondents.
1. You're administering a large dollar non-commercial weapons contract. The
contracting officer asks to see the Contract Data Requirements List (CDRL) in
Exhibit B. Which uniform contract format (UCF) section in your contract would
you refer to? Ans✓✓✓ Section J
A "personal conflict of interest" is a situation where an individual is employed by a
defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity or
appear to be unduly influenced by personal financial interest Ans✓✓✓ TRUE
A change to solicitation is called Ans✓✓✓ a(n) Amendment
A communication plan must include: Ans✓✓✓ Who the target audience is, what
needs to be communicated, what the communications should contain, who is
responsible for generating the communication, what format or forum should be
used, what frequency is needed to keep the target audience up to speed
A contract clause might? Ans✓✓✓ Tell a potential offeror how it's proposal will
be evaluated and considered for selection for award
, A contract is considered physically complete when the contractor has completed
all the required deliveries and: Ans✓✓✓ The Government has accepted all the
items
A contract is defined as a mutually binding legal relationship obligating the seller
to furnish the supplies or service (including construction) and the buyer to pay for
them. Ans✓✓✓ TRUE
A contracting officer has the broadest discretion in fashioning suitable evaluation
procedures when considering Ans✓✓✓ Quotations
A contractor employee accidentally broke a test fixture that belongs to the
Government and is accountable to a Government contract. Generally speaking:
Ans✓✓✓ Contractors are not held liable for loss of Government property
A contractor failed to deliver a commercial item within the time specified by the
contract. As the Government contracting officer, you plan to terminate the
contract. What type of termination would you proceed with? Ans✓✓✓
Termination for Cause
A Cost Plus Incentive Fee contract specifies a target cost, a target fee, minimum
and maximum fees, and a free adjustment formula Ans✓✓✓ True
A cost reimbursement type contract places upon the contractor maximum risk
and responsibility for all costs and resulting profit or loss Ans✓✓✓ False
A cost-plus-a-percentage-of-cost system of contracting is prohibited Ans✓✓✓
True
1. A contractor is developing their pricing strategy in a competitive environment.
Knowing the required effort will result in follow-on contracts, the contractor
submits and offer below anticipated costs with the plan to recover any losses by
increasing the price on follow-on efforts. This pricing strategy is referred to as:
Ans✓✓✓ Buying-in
1. Costs that are expressly unallowable or mutually agreed to be unallowable shall
be identified and excluded from any Billing, claim, or proposal applicable to a
Government contract Ans✓✓✓ N/A
1. In evaluating a solicitation, which section of the uniform contract format (UCF)
would contain information to the offeror regarding the evaluation factors and
subfactors the Government will use to evaluate the offeror's proposal? Ans✓✓✓
Section M
1. It is the Government's pricing policy to purchase supplies and services at fair
and reasonable prices form: Ans✓✓✓ Responsible sources
1. Supplies accepted at a place other than Destination shall 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. Ans✓✓✓
Destination
1. The Government has a requirement for computer equipment. The program
office indicates that its users will have no need for performance capabilities
beyond the minimum technical specifications stated in the purchase request.
Which source selection process would be most appropriate in this situation?
Ans✓✓✓ Lowest price technically acceptable
,1. Unless an exception exists, and in accordance with FAR part 15-Contracting by
Negotiations, noncommercial contracts and solicitations will be awarded utilizing
what contract format? Ans✓✓✓ The uniform contract format
1. What FAR part covers protests? Ans✓✓✓ FAR part 33
1. What part of the FAR prescribes policies and procedures for assigning and
performing contract administration and contract audit services? Ans✓✓✓ FAR
Part 42
1. What Part(s) of the FAR address(es) contract performance? Ans✓✓✓ FAR Part
42 & FAR Part 46
1. What type of contract should be used for an item that uses a very large amount
of gold and other precious metals in the manufacturing process? Ans✓✓✓ Fixed-
price with economic price adjustment.
1. When a contracting professional determines that a price is reasonable, what
does that mean? Ans✓✓✓ They made a decision based on what a prudent and
competent buyer would be willing to pay.
1. When a potential contractor is developing a proposal where cost analysis will
be performed, the potential contractor will need to ensure it has excluded from
the proposal any costs that are: Ans✓✓✓ Expressly unallowable.
1. Where in the FAR is contracting by negotiation covered? Ans✓✓✓ FAR part 15
,1. Where is the FAR can you find guidance on how to establish, maintain, and
dispose of Government contract files? Ans✓✓✓ FAR part 4
1. You are proposal manager for a large defense contractor, leading your
company's effort to win a contract. In order to determine the page limit for your
proposal, which section in the request for proposal should you review? Ans✓✓✓
Section L - Instructions, conditions, and notices to offerors or respondents.
1. You're administering a large dollar non-commercial weapons contract. The
contracting officer asks to see the Contract Data Requirements List (CDRL) in
Exhibit B. Which uniform contract format (UCF) section in your contract would
you refer to? Ans✓✓✓ Section J
A "personal conflict of interest" is a situation where an individual is employed by a
defense contractor company and is in a position to materially influence DOD's
recommendations and/or decisions and, because of his/her personal activities,
relationships, or financial interests, may lack or appear to lack objectivity or
appear to be unduly influenced by personal financial interest Ans✓✓✓ TRUE
A change to solicitation is called Ans✓✓✓ a(n) Amendment
A communication plan must include: Ans✓✓✓ Who the target audience is, what
needs to be communicated, what the communications should contain, who is
responsible for generating the communication, what format or forum should be
used, what frequency is needed to keep the target audience up to speed
A contract clause might? Ans✓✓✓ Tell a potential offeror how it's proposal will
be evaluated and considered for selection for award
, A contract is considered physically complete when the contractor has completed
all the required deliveries and: Ans✓✓✓ The Government has accepted all the
items
A contract is defined as a mutually binding legal relationship obligating the seller
to furnish the supplies or service (including construction) and the buyer to pay for
them. Ans✓✓✓ TRUE
A contracting officer has the broadest discretion in fashioning suitable evaluation
procedures when considering Ans✓✓✓ Quotations
A contractor employee accidentally broke a test fixture that belongs to the
Government and is accountable to a Government contract. Generally speaking:
Ans✓✓✓ Contractors are not held liable for loss of Government property
A contractor failed to deliver a commercial item within the time specified by the
contract. As the Government contracting officer, you plan to terminate the
contract. What type of termination would you proceed with? Ans✓✓✓
Termination for Cause
A Cost Plus Incentive Fee contract specifies a target cost, a target fee, minimum
and maximum fees, and a free adjustment formula Ans✓✓✓ True
A cost reimbursement type contract places upon the contractor maximum risk
and responsibility for all costs and resulting profit or loss Ans✓✓✓ False
A cost-plus-a-percentage-of-cost system of contracting is prohibited Ans✓✓✓
True
