CON 200 Business Decisions for |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Contracting exam with correct |||\\\ |||\\\ |||\\\ |||\\\
answers
Although undefinitized contract actions (UCAs) may be necessary to support urgent needs, |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
these actions are not a desirable form of contracting because the government bears the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
majority of the cost and risk during the undefinitized period. - correct answersTrue
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
How does a cost-plus-incentive-fee (CPIF) contract differ from a fixed-price incentive firm (FPIF)
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract? - correct answersCPIF contracts do not have a ceiling price |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Which of the following is a factor that must be considered when determining the depth and
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
breadth of acquisition planning that a requirement will demand? - correct answersUrgency of
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
need
A tsunami has slammed into Kunsan Air Base, causing extreme damage to the runway. After
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
preservation of life and limb, it is critical that Kunsan be able to resume its flying mission. You |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
have been tasked with getting this runway up and running as soon as possible. How can you
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
best accomplish this objective? - correct answersAward an undefinitized contract action in the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
form of a letter contract |||\\\ |||\\\ |||\\\ |||\\\
All of the following factors must be considered when determining the depth and breadth of
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
acquisition planning required; the complexity of the requirement, acquisition history, dollar size |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
of the acquisition, and the urgency of the need. - correct answersTrue
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
On a Navy ship construction contract, 50 percent of the award fee money, or $28 million, was
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
based on management criteria that did not directly relate to shipbuilding requirements. What
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
does the use of such criteria represent? - correct answers-DoD's ability to structure the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
, contract in a way that effectively motivates contractors to improve performance and achieve
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
acquisition outcomes |||\\\
*-DoD's failure to structure the contract in a way that effectively motivates contractors to
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
improve performance and achieve acquisition outcomes |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-DoD's practice of paying the contractor only when acquisition outcomes are achieved
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-DoD's use of objective criteria to measure performance under an incentive contract.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
One of the key characteristics that differentiates the various types of incentive contracts is
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
whether or not objective targets can be established for performance. Which incentive type
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract is most appropriate when objective targets for performance can be established? -
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
correct answers-Cost-plus-award-fee |||\\\ |||\\\
*-Cost-plus-incentive-fee
-Fixed-price award fee |||\\\ |||\\\
-Firm-fixed price |||\\\
You are planning a solicitation that offers a government property. Identify the item that you will
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
require a contractor to submit with his/her offer. - correct answers-The specific date during
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
which property will be used |||\\\ |||\\\ |||\\\ |||\\\
*-A description of the Property Management Plan
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-A statement that property is furnished as is
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-A Property Control System
|||\\\ |||\\\ |||\\\
You are working on an undefinitized contract action (UCA) for the purchase of cargo hooks for
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
the CH-47 Chinook helicopter. The not-to-exceed (NTE) price is $7,000,000. Can you obligate
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
the total amount at time of award? Why or why not? - correct answers-Yes, the regulations
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
allow you to obligate 100% of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-No, the regulations only allow you to obligate up to 20% of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-Yes, the regulations allow you to obligate 20 percent of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
*-No, the regulations only allow you to obligate up to 50 percent of the estimated definitized
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract cost price prior to definitization |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Contracting exam with correct |||\\\ |||\\\ |||\\\ |||\\\
answers
Although undefinitized contract actions (UCAs) may be necessary to support urgent needs, |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
these actions are not a desirable form of contracting because the government bears the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
majority of the cost and risk during the undefinitized period. - correct answersTrue
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
How does a cost-plus-incentive-fee (CPIF) contract differ from a fixed-price incentive firm (FPIF)
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract? - correct answersCPIF contracts do not have a ceiling price |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Which of the following is a factor that must be considered when determining the depth and
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
breadth of acquisition planning that a requirement will demand? - correct answersUrgency of
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
need
A tsunami has slammed into Kunsan Air Base, causing extreme damage to the runway. After
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
preservation of life and limb, it is critical that Kunsan be able to resume its flying mission. You |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
have been tasked with getting this runway up and running as soon as possible. How can you
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
best accomplish this objective? - correct answersAward an undefinitized contract action in the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
form of a letter contract |||\\\ |||\\\ |||\\\ |||\\\
All of the following factors must be considered when determining the depth and breadth of
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
acquisition planning required; the complexity of the requirement, acquisition history, dollar size |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
of the acquisition, and the urgency of the need. - correct answersTrue
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
On a Navy ship construction contract, 50 percent of the award fee money, or $28 million, was
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
based on management criteria that did not directly relate to shipbuilding requirements. What
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
does the use of such criteria represent? - correct answers-DoD's ability to structure the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
, contract in a way that effectively motivates contractors to improve performance and achieve
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
acquisition outcomes |||\\\
*-DoD's failure to structure the contract in a way that effectively motivates contractors to
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
improve performance and achieve acquisition outcomes |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-DoD's practice of paying the contractor only when acquisition outcomes are achieved
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-DoD's use of objective criteria to measure performance under an incentive contract.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
One of the key characteristics that differentiates the various types of incentive contracts is
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
whether or not objective targets can be established for performance. Which incentive type
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract is most appropriate when objective targets for performance can be established? -
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
correct answers-Cost-plus-award-fee |||\\\ |||\\\
*-Cost-plus-incentive-fee
-Fixed-price award fee |||\\\ |||\\\
-Firm-fixed price |||\\\
You are planning a solicitation that offers a government property. Identify the item that you will
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
require a contractor to submit with his/her offer. - correct answers-The specific date during
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
which property will be used |||\\\ |||\\\ |||\\\ |||\\\
*-A description of the Property Management Plan
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-A statement that property is furnished as is
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-A Property Control System
|||\\\ |||\\\ |||\\\
You are working on an undefinitized contract action (UCA) for the purchase of cargo hooks for
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
the CH-47 Chinook helicopter. The not-to-exceed (NTE) price is $7,000,000. Can you obligate
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
the total amount at time of award? Why or why not? - correct answers-Yes, the regulations
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
allow you to obligate 100% of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-No, the regulations only allow you to obligate up to 20% of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
-Yes, the regulations allow you to obligate 20 percent of the NTE price prior to definitization
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
*-No, the regulations only allow you to obligate up to 50 percent of the estimated definitized
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
contract cost price prior to definitization |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
