The contracting process consists of three Contract Life Cycle Phases? - ANSWER Pre-
award, Award, and Post-award
The pre-award phase consists of two primary activities? - ANSWER Develop
Solicitation, Develop Offer
In planning the solicitation, the buying activity must assess the need and analyze the
requirement as well as make sure that contract outcomes will be measurable and properly
incentivized. The buying activity must also verify the availability of funds? -
ANSWER FAR part 7, Acquisition Planning, and FAR part 11, Describing Agency Needs,
are key resources
Buying activities must also conduct market research to identify potential suppliers, evaluate
if the requirement is achievable, and perform any pre-offer conferences or communication. -
ANSWER FAR part 10, Market Research, is a key resource and is required by law
Market Research is a continuous process throughout all phases of? - ANSWER the
contract life cycle
Before finalizing the solicitation, the contracts manager will participate in choosing a
contract type and contracting method, help determine applicable regulations, and assist in
building an evaluation strategy for offers? - ANSWER FAR part 16 is the primary source
for information about contract types.
To issue the solicitation, the buying activity must determine the need and means of
publicizing the solicitation so that offerors are aware of the potential business opportunity? -
ANSWER FAR part 5 addresses publicizing contract actions.
1
, In response to a solicitation, the seller will submit an offer? - ANSWER The offer must
align with the offeror's overall sales plan and be within the offeror's overall risk strategy
When it receives offers, the buying activity (Government) must analyze proposals in terms of
risk, review for price reasonableness, and document results of the analysis? -
ANSWER FAR 15.404, Proposal Analysis, gives guidance that can be generalized for
contract methods beyond those covered by FAR part 15.
Based on this analysis, to plan for negotiations the buying activity may ask for clarification
from offerors and then develop negotiation objectives. The offeror will respond to the
requests for clarification and prepare for negotiations as well? - ANSWER This process
is described in FAR parts 12, 13, 14, and 15 depending on the nature of the acquisition
strategy being pursued.
If during the Award Life Cycle Phase the buyer or seller(s) have a disagreement, there is a
structured process for a seller to "protest" an action(s) by the buyer. Resolution of the
protest may involve appeal of decisions to higher levels? - ANSWER FAR subpart 33.1
and the corresponding DFARS passages discuss the protest processes. FAR part 33 is the
primary source of information.
The post-award phase (sometimes called contract administration) is comprised of two
primary activities? - ANSWER Perform Contract and Close Contract
During post-award phase, we are monitoring risk and assessing its impact on contract
performance ensuring compliance with? - ANSWER (1) contractual terms and
conditions and (2) contract technical requirements during contract performance up to
contract closeout or termination.
Both the buyer and seller must administer the contract. That can start with a conference
immediately after contract award, it requires continuous documentation throughout the life
of the contract, and depends on good communication and funds management as well as
assessing seller performance? - ANSWER FAR part 42, Contract Administration and
2
award, Award, and Post-award
The pre-award phase consists of two primary activities? - ANSWER Develop
Solicitation, Develop Offer
In planning the solicitation, the buying activity must assess the need and analyze the
requirement as well as make sure that contract outcomes will be measurable and properly
incentivized. The buying activity must also verify the availability of funds? -
ANSWER FAR part 7, Acquisition Planning, and FAR part 11, Describing Agency Needs,
are key resources
Buying activities must also conduct market research to identify potential suppliers, evaluate
if the requirement is achievable, and perform any pre-offer conferences or communication. -
ANSWER FAR part 10, Market Research, is a key resource and is required by law
Market Research is a continuous process throughout all phases of? - ANSWER the
contract life cycle
Before finalizing the solicitation, the contracts manager will participate in choosing a
contract type and contracting method, help determine applicable regulations, and assist in
building an evaluation strategy for offers? - ANSWER FAR part 16 is the primary source
for information about contract types.
To issue the solicitation, the buying activity must determine the need and means of
publicizing the solicitation so that offerors are aware of the potential business opportunity? -
ANSWER FAR part 5 addresses publicizing contract actions.
1
, In response to a solicitation, the seller will submit an offer? - ANSWER The offer must
align with the offeror's overall sales plan and be within the offeror's overall risk strategy
When it receives offers, the buying activity (Government) must analyze proposals in terms of
risk, review for price reasonableness, and document results of the analysis? -
ANSWER FAR 15.404, Proposal Analysis, gives guidance that can be generalized for
contract methods beyond those covered by FAR part 15.
Based on this analysis, to plan for negotiations the buying activity may ask for clarification
from offerors and then develop negotiation objectives. The offeror will respond to the
requests for clarification and prepare for negotiations as well? - ANSWER This process
is described in FAR parts 12, 13, 14, and 15 depending on the nature of the acquisition
strategy being pursued.
If during the Award Life Cycle Phase the buyer or seller(s) have a disagreement, there is a
structured process for a seller to "protest" an action(s) by the buyer. Resolution of the
protest may involve appeal of decisions to higher levels? - ANSWER FAR subpart 33.1
and the corresponding DFARS passages discuss the protest processes. FAR part 33 is the
primary source of information.
The post-award phase (sometimes called contract administration) is comprised of two
primary activities? - ANSWER Perform Contract and Close Contract
During post-award phase, we are monitoring risk and assessing its impact on contract
performance ensuring compliance with? - ANSWER (1) contractual terms and
conditions and (2) contract technical requirements during contract performance up to
contract closeout or termination.
Both the buyer and seller must administer the contract. That can start with a conference
immediately after contract award, it requires continuous documentation throughout the life
of the contract, and depends on good communication and funds management as well as
assessing seller performance? - ANSWER FAR part 42, Contract Administration and
2
