CORB study guide Tier 1 Questions
07FEB22 Question and answers 100%
correct
Why is inspection and acceptance important to the Government? - correct
answers 8.406-2
You are a PCO and a new trainee comes to you seeking advice. The trainee
states that he/she just had a conversation with the resource manager who
referred too funds categorized by status as either active, expired or cancelled.
Explain the differences of the three categories. - correct answers Active-
appropriation is available for obligation & disbursement.
Expired-appropriation expire for new obligations at the end of the period for
which they were appropriated, but are available to adjust and liquidate
previous obligations for a 5 year period (available for disbursement, not new
obligations)
Cancelled-no longer available for any purpose. Expired appropriations are
cancelled at the end of the 5th full fiscal year following expiration.
What are some of the benefits of competition? - correct answers Benefits: 1)
drives cost savings 2) improves quality of product/service 3) enhances
solution and the industrial base 4) promote fairness and openness leading to
public trust 5) prevents waste, fraud and abuse 6) Increases likelihood of
efficiencies and innovations 7)
What are some barriers to competition? - correct answers 1) unnecessarily
restrictive statements of work 2) unnecessarily detailed specifications 3)
unnecessarily burdensome contract clauses.
, Keys to effective competition - correct answers 1) gather information from the
relevant sources in and outside the organization to support a) commercial
product/service that meet minimum requirement and mission needs b) expand
insight into commercial marketplace 2) use results to determine if a capable
source exists and availability of commercial and/or non-developmental items.
FAR part 6
When would you use a bilateral (supplemental agreement) modification? -
correct answers 43.103 is a contract modification that is signed by the
contractor and the contracting officer.
Bilateral modifications are used to-
(1) Make negotiated equitable adjustments resulting from the issuance of a
change order ;
(2) Definitize letter contracts; and
(3) Reflect other agreements of the parties modifying the terms of contracts.
When would you use a unilateral modification? - correct answers 43.103 A
unilateral modification is a contract modification that is signed only by the
contracting officer .
Unilateral modifications are used, for example, to-
(1) Make administrative changes;
(2) Issue change orders;
(3) Make changes authorized by clauses other than a changes clause (e.g.,
Property clause, Options clause, or Suspension of Work clause); and
(4) Issue termination notices.
52.243-x allow for unilateral modifications
07FEB22 Question and answers 100%
correct
Why is inspection and acceptance important to the Government? - correct
answers 8.406-2
You are a PCO and a new trainee comes to you seeking advice. The trainee
states that he/she just had a conversation with the resource manager who
referred too funds categorized by status as either active, expired or cancelled.
Explain the differences of the three categories. - correct answers Active-
appropriation is available for obligation & disbursement.
Expired-appropriation expire for new obligations at the end of the period for
which they were appropriated, but are available to adjust and liquidate
previous obligations for a 5 year period (available for disbursement, not new
obligations)
Cancelled-no longer available for any purpose. Expired appropriations are
cancelled at the end of the 5th full fiscal year following expiration.
What are some of the benefits of competition? - correct answers Benefits: 1)
drives cost savings 2) improves quality of product/service 3) enhances
solution and the industrial base 4) promote fairness and openness leading to
public trust 5) prevents waste, fraud and abuse 6) Increases likelihood of
efficiencies and innovations 7)
What are some barriers to competition? - correct answers 1) unnecessarily
restrictive statements of work 2) unnecessarily detailed specifications 3)
unnecessarily burdensome contract clauses.
, Keys to effective competition - correct answers 1) gather information from the
relevant sources in and outside the organization to support a) commercial
product/service that meet minimum requirement and mission needs b) expand
insight into commercial marketplace 2) use results to determine if a capable
source exists and availability of commercial and/or non-developmental items.
FAR part 6
When would you use a bilateral (supplemental agreement) modification? -
correct answers 43.103 is a contract modification that is signed by the
contractor and the contracting officer.
Bilateral modifications are used to-
(1) Make negotiated equitable adjustments resulting from the issuance of a
change order ;
(2) Definitize letter contracts; and
(3) Reflect other agreements of the parties modifying the terms of contracts.
When would you use a unilateral modification? - correct answers 43.103 A
unilateral modification is a contract modification that is signed only by the
contracting officer .
Unilateral modifications are used, for example, to-
(1) Make administrative changes;
(2) Issue change orders;
(3) Make changes authorized by clauses other than a changes clause (e.g.,
Property clause, Options clause, or Suspension of Work clause); and
(4) Issue termination notices.
52.243-x allow for unilateral modifications
