CON 1200V Unit 7 questions well
answered
Which one of the following contract types is considered an incentive type contract?
1. Cost Contract
2. Firm Fixed Price
3. Time and Material Contract
4. Cost Plus Award Fee Contract - correct answer ✔✔ Cost Plus Award Fee Contract (FAR
16.401(e))
Which one of the following is a characteristic of cost reimbursable type contracts?
1. Requires Maximum Gov Surveillance
2. The contractor shall deliver or risk default
3. Profit is not limited
4. The risk to the contractor is high - correct answer ✔✔ 1. Requires maximum gov surveillance
(FAR 16.301-3(a)(4))
Contracting may employ simplified acquisition procedures for acquisitions of commercial items
not exceeding
1. $2,500
2. $1,000,000
3. $250,000
4. $7,500,00 - correct answer ✔✔ 4. $7,500,000 (FAR 13.500(a))
Select the statement that is INCORRECT when it comes to the requirement to use sealed bidding
1. It is necessary to conduct discussions with the responding offerors about their bids
, 2. Time permits the solicitation, submission, and evaluation of sealed bids
3. There is a reasonable expectation of receiving more than one sealed bid - correct answer ✔✔
1. It is necessary to conduct discussions with the responding offerors about their bids
(FAR6.401(a)(3))
Which one of the following is NOT an exception to Other Than Full and Open Competition?
1. International Agreement
2. Industrial Mobilization
3. Only one responsible source
4. Authorized by the Head of the Contracting Activity - correct answer ✔✔ 4. Authorized by the
Head of the Contracting Activity (FAR 6.302)
Which of the following are common elements of a purchase request package?
1. Requirements Documents (SOO, PWS, or SOW)
2. DD Forms 1423 Contract Data Requirements list
3. Contractors Proposal
4. Independent Gov Estimate - correct answer ✔✔ 1, 2, 4
[NOT CONTRACTOR PROPOSAL]
In the required sources order of priority, what is the first source for supplies?
1. Inventories of requiring agency
2. Federal Prison Industries
3. Commercial Sources
4. Wholesale supply sources - correct answer ✔✔ 1. Inventories of requiring agency (FAR
8.002(a)(1))
The Anti-Deficiency Act prohibits which of the following? (multiple select)
answered
Which one of the following contract types is considered an incentive type contract?
1. Cost Contract
2. Firm Fixed Price
3. Time and Material Contract
4. Cost Plus Award Fee Contract - correct answer ✔✔ Cost Plus Award Fee Contract (FAR
16.401(e))
Which one of the following is a characteristic of cost reimbursable type contracts?
1. Requires Maximum Gov Surveillance
2. The contractor shall deliver or risk default
3. Profit is not limited
4. The risk to the contractor is high - correct answer ✔✔ 1. Requires maximum gov surveillance
(FAR 16.301-3(a)(4))
Contracting may employ simplified acquisition procedures for acquisitions of commercial items
not exceeding
1. $2,500
2. $1,000,000
3. $250,000
4. $7,500,00 - correct answer ✔✔ 4. $7,500,000 (FAR 13.500(a))
Select the statement that is INCORRECT when it comes to the requirement to use sealed bidding
1. It is necessary to conduct discussions with the responding offerors about their bids
, 2. Time permits the solicitation, submission, and evaluation of sealed bids
3. There is a reasonable expectation of receiving more than one sealed bid - correct answer ✔✔
1. It is necessary to conduct discussions with the responding offerors about their bids
(FAR6.401(a)(3))
Which one of the following is NOT an exception to Other Than Full and Open Competition?
1. International Agreement
2. Industrial Mobilization
3. Only one responsible source
4. Authorized by the Head of the Contracting Activity - correct answer ✔✔ 4. Authorized by the
Head of the Contracting Activity (FAR 6.302)
Which of the following are common elements of a purchase request package?
1. Requirements Documents (SOO, PWS, or SOW)
2. DD Forms 1423 Contract Data Requirements list
3. Contractors Proposal
4. Independent Gov Estimate - correct answer ✔✔ 1, 2, 4
[NOT CONTRACTOR PROPOSAL]
In the required sources order of priority, what is the first source for supplies?
1. Inventories of requiring agency
2. Federal Prison Industries
3. Commercial Sources
4. Wholesale supply sources - correct answer ✔✔ 1. Inventories of requiring agency (FAR
8.002(a)(1))
The Anti-Deficiency Act prohibits which of the following? (multiple select)
