CFCM Study Guide – Ultimate Study Set With Accurate
Solutions
Claim Correct Answer - A written demand or written assertion by one of
the contracting parties seeking, as a matter of right, the payment of money in
a sum certain, the adjustment or interpretation of contract terms, or other
relief arising under or relating to the contract.
NOT exceeding $100,000
Once incorporated in a contract, a general wage determination normally
remains effective for the life of the contract, unless Correct Answer - the
contracting officer exercises an option to extend the term of the contract (see
22.404-12).
An Earned Value Management System (EVMS) is required for: Correct
Answer - Major acquisitions for development (in accordance with OMB
Circular A-11). The Government may also require an EVMS for other
acquisitions, in accordance with agency procedures.
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation? Correct Answer - Every 5 years
A form of written approval signed by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actions is
defined as a Correct Answer - determination and findings
Contracting officers below the level of ___ shall be selected and appointed
Correct Answer - a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is delegable
unless Correct Answer - specifically stated otherwise
When an imperative sentence directs action in the FAR, who is responsible for
the action unless another party is expressly cited? Correct Answer - the
Contracting Officer
,Unauthorized commitments are agreements that are NOT binding solely
because Correct Answer - the government representative who made the
agreement lacked the authority to enter into it
The simplified acquisition threshold for any contract in support of
contingency operations to be awarded and performed, or purchase to be
made, outside of the United States is Correct Answer - $1.5 million
Commercial Item Correct Answer - A non developmental item, if the
procuring agency determines the item was developed exclusively at private
expense and sold in substantial quantities, on a competitive basis, to multiple
state and local governments
Consolidating 2 or more requirements for supplies or services, previously
provided or performed under separate smaller contracts, into a solicitation
for a single contract that is likely to be unsuitable for award to a small
business concern is defined as Correct Answer - bundling
___are included in the definitions of "contracts" Correct Answer - letter
contracts and job orders
The government can minimize the opportunity for buying in by using which of
the following techniques Correct Answer - multiyear contracting, priced
options, and amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting government
contracts have long been considered contrary to public policy because
Correct Answer - they may lead to exercise of improper influence
____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any
prime contractor, prime contractor employee, subcontractor, or
subcontractor employee for the purpose of improperly obtaining or
rewarding favorable treatment in connection with a prime contractor in
connection with a subcontract relating to a prime contract Correct Answer -
Kickback
,A contract with a corporation shall be signed Correct Answer - in the
corporate name, followed by the word "by" and the signature and title of the
person authorized to sign
Contractors must retain all records pertaining to a government contract for a
minimum of __ years Correct Answer - 3 years from the date of final
payment, unless otherwise specified
Contractor representations and certifications Correct Answer - are
submitted through the System for Award Management
Agencies must implement OMB guidance for personal identity verification
when Correct Answer - contractors have routine physical access to
either a federally controlled facility or information system.
Dollar threshold for public announcement of contract awards Correct
Answer - $4,000,000
Acceptable methods for disseminating information on proposed contract
actions include Correct Answer - announcements in magazines at no
cost, assisting a local trade association in disseminating information to their
members, and synopsis in the government wide point of entry
The minimum response time for receipt of bids or proposals for
noncommercial item solicitations is Correct Answer - 30 days from the
date of publication of a proper notice of intent to contract
The contracting officer's certification can serve as approval of the justification
for other than full and open competition for a proposed contract NOT
exceeding Correct Answer - $700,000
FAR Part 6, "Competition Requirements," applies to Correct Answer - A
$1,000,000 contract for services
The contracting officer may use competitive proposals in lieu of sealed bids if
Correct Answer - it is necessary to conduct discussions
, If other than full and open competition is anticipated, the acquisition plan
must be coordinated with the cognizant Correct Answer - competition
advocate
Acquisition planning should begin Correct Answer - as soon as the
agency need is identified
The specific content of acquisition plans will vary, and are influenced
primarily by Correct Answer - the nature, circumstances, and stage of
the acquisition
Market research may indicate that bundling is necessary and justified if
Correct Answer - the government would derive measurably substantial
benefits
The Federal Supply Schedule program provides federal agencies with a
simplified process for obtaining commonly used commercial supplies and
services at prices associated with volume buying. It is directed and managed
by the Correct Answer - GSA
The name of GSA's electronic system that allows ordering activities to post
requirements, obtain quotes, and issue orders electronically is Correct
Answer - ebuy
The Federal Prison Industries and nonprofit agencies participating in the
AbilityOne program produce equal bids for identical services, the ordering
offices shall purchase services from Correct Answer - AbilityOne
participating nonprofit organizations
Normally, testing and approval is appropriate in contracts for Correct
Answer - products requiring an approved first article to serve as a
manufacturing standard
A qualification requirement is a government requirement for Correct
Answer - testing or other quality assurance demonstration that must be
completed before award
Solutions
Claim Correct Answer - A written demand or written assertion by one of
the contracting parties seeking, as a matter of right, the payment of money in
a sum certain, the adjustment or interpretation of contract terms, or other
relief arising under or relating to the contract.
NOT exceeding $100,000
Once incorporated in a contract, a general wage determination normally
remains effective for the life of the contract, unless Correct Answer - the
contracting officer exercises an option to extend the term of the contract (see
22.404-12).
An Earned Value Management System (EVMS) is required for: Correct
Answer - Major acquisitions for development (in accordance with OMB
Circular A-11). The Government may also require an EVMS for other
acquisitions, in accordance with agency procedures.
How often are statutory acquisition-related dollar thresholds in the FAR
adjusted for inflation? Correct Answer - Every 5 years
A form of written approval signed by an authorized official that is required by
statute or regulation as a prerequisite to taking certain contract actions is
defined as a Correct Answer - determination and findings
Contracting officers below the level of ___ shall be selected and appointed
Correct Answer - a head of a contracting activity
According to the FAR conventions at Subpart 1.1, each authority is delegable
unless Correct Answer - specifically stated otherwise
When an imperative sentence directs action in the FAR, who is responsible for
the action unless another party is expressly cited? Correct Answer - the
Contracting Officer
,Unauthorized commitments are agreements that are NOT binding solely
because Correct Answer - the government representative who made the
agreement lacked the authority to enter into it
The simplified acquisition threshold for any contract in support of
contingency operations to be awarded and performed, or purchase to be
made, outside of the United States is Correct Answer - $1.5 million
Commercial Item Correct Answer - A non developmental item, if the
procuring agency determines the item was developed exclusively at private
expense and sold in substantial quantities, on a competitive basis, to multiple
state and local governments
Consolidating 2 or more requirements for supplies or services, previously
provided or performed under separate smaller contracts, into a solicitation
for a single contract that is likely to be unsuitable for award to a small
business concern is defined as Correct Answer - bundling
___are included in the definitions of "contracts" Correct Answer - letter
contracts and job orders
The government can minimize the opportunity for buying in by using which of
the following techniques Correct Answer - multiyear contracting, priced
options, and amortization of nonrecurring costs
A contractor's arrangements to pay contingent fees for soliciting government
contracts have long been considered contrary to public policy because
Correct Answer - they may lead to exercise of improper influence
____ is any money, fee, commission, credit, gift, gratuity, thing of value, or
compensation of any kind which is provided directly or indirectly, to any
prime contractor, prime contractor employee, subcontractor, or
subcontractor employee for the purpose of improperly obtaining or
rewarding favorable treatment in connection with a prime contractor in
connection with a subcontract relating to a prime contract Correct Answer -
Kickback
,A contract with a corporation shall be signed Correct Answer - in the
corporate name, followed by the word "by" and the signature and title of the
person authorized to sign
Contractors must retain all records pertaining to a government contract for a
minimum of __ years Correct Answer - 3 years from the date of final
payment, unless otherwise specified
Contractor representations and certifications Correct Answer - are
submitted through the System for Award Management
Agencies must implement OMB guidance for personal identity verification
when Correct Answer - contractors have routine physical access to
either a federally controlled facility or information system.
Dollar threshold for public announcement of contract awards Correct
Answer - $4,000,000
Acceptable methods for disseminating information on proposed contract
actions include Correct Answer - announcements in magazines at no
cost, assisting a local trade association in disseminating information to their
members, and synopsis in the government wide point of entry
The minimum response time for receipt of bids or proposals for
noncommercial item solicitations is Correct Answer - 30 days from the
date of publication of a proper notice of intent to contract
The contracting officer's certification can serve as approval of the justification
for other than full and open competition for a proposed contract NOT
exceeding Correct Answer - $700,000
FAR Part 6, "Competition Requirements," applies to Correct Answer - A
$1,000,000 contract for services
The contracting officer may use competitive proposals in lieu of sealed bids if
Correct Answer - it is necessary to conduct discussions
, If other than full and open competition is anticipated, the acquisition plan
must be coordinated with the cognizant Correct Answer - competition
advocate
Acquisition planning should begin Correct Answer - as soon as the
agency need is identified
The specific content of acquisition plans will vary, and are influenced
primarily by Correct Answer - the nature, circumstances, and stage of
the acquisition
Market research may indicate that bundling is necessary and justified if
Correct Answer - the government would derive measurably substantial
benefits
The Federal Supply Schedule program provides federal agencies with a
simplified process for obtaining commonly used commercial supplies and
services at prices associated with volume buying. It is directed and managed
by the Correct Answer - GSA
The name of GSA's electronic system that allows ordering activities to post
requirements, obtain quotes, and issue orders electronically is Correct
Answer - ebuy
The Federal Prison Industries and nonprofit agencies participating in the
AbilityOne program produce equal bids for identical services, the ordering
offices shall purchase services from Correct Answer - AbilityOne
participating nonprofit organizations
Normally, testing and approval is appropriate in contracts for Correct
Answer - products requiring an approved first article to serve as a
manufacturing standard
A qualification requirement is a government requirement for Correct
Answer - testing or other quality assurance demonstration that must be
completed before award
