2025-2026 DAU Contract Certification
Exam Prep Questions With 100%
Correct Answers Graded A+.
Where in the FAR directs contracting officers to promote full and open competition. - Answer
FAR part 6
What types of contracts full under Commercial (products & services)? - Answer FFP and FP
EPA contracts (T&M as well)
Micro-Purchase Thresholds for Supplies and Services - Answer Supplies - $10,000
Services - $2,500
FAR 2.101
Simplified Acquisition Threshold - Answer $250,000
FAR 2.101
SAP Commercial Threshold - Answer $7.5M
FAR subpart 13.5
What are the Other than Full and Open Comp Types? - Answer 1. Only one Responsible Source
2. Urgent and Compelling
3. Industrial Mobilization
4. International Agreement
5. Authorized/Required by Statute
6. National Security
7. Public Interest
,Where in the FAR is responsibility covered? - Answer FAR part 9 - Contract Qualifications
Name of statute that is sited for Competition - Answer 1984 - Competition in Contracting Act
(CICA)
FAR part 6
Contracts with Statutory Fee Limits - Answer R&D CPFF - 15%
CPFF - 10%
What Firm Price Contract can have an incentive? - Answer FFP with a Performance or Delivery
Incentive but still remains an FFP
What type of contracts have targets and profit adjustments - Answer Incentive contracts
How are Indefinite-Delivery contracts defined - Answer Defined by their delivery
arrangements. Their pricing structures can be Fixed Price or Cost Reimbursement.
What type of contract does the KO decide/determine no other contract type is suitable - Answer
T&M - Time and Material
Name the 3 Levels of Competition - Answer 1. Full and Open Comp
2. Full and Open After Exclusion of Sources (set asides)
3. Other than Full and Open Comp
FAR part 6
What are the five (5) steps involved when using sealed bidding? - Answer 1. Preparation of
invitations for bids,
,5. Contract award
FAR 14.101
WHAT IS A CONTRACT STRATEGY? - Answer ***How you will execute the contract action
considering your customer's need.
Further Infromation:
Involves three major decisions:
1. Deciding the procurement method
2. Deciding the contract type
3. Deciding level of competition to use
Information to select effective strategy results from:
• market research,
• acquisition planning, and
• defining/refining the requirement
Other factors unique to your requirement:
- Urgency of the customer's need
- Degree to which successful performance or delivery is mission critical
- The level of Government oversight needed during contract performance
Final element of developing a sound contract strategy is to identify:
- Evaluation criteria helps to determine best value
- Performance outcome measures promote successful performance.
What major decisions are involved in a contract strategy? - Answer 1. Deciding the
procurement method
2. Deciding the contract type
3. Deciding level of competition to use
, • acquisition planning, and
• defining/refining the requirement
What are the two families of contract types - Answer Cost and Fixed Price
FAR 16 - Types of Contracts
What are the different Fixed Price Contracts - Answer - Firm Fixed Price (FFP)
- Fixed Price with Economic Price Adjustment (FFP EPA)
- Fixed Price Incentive Firm Target
- Fixed Price with Prospective Price Redemption
- Firm Fixed Price Level of Effort
FAR 16 - Types of Contracts
What are the different types of Cost Reimbursement Contracts - Answer - Cost
- Cost Sharing
- Cost Plus Incentive Fee (CPIF)
- Cost Plust Award Fee (CPAF)
- Cost Plus Fixed Fee (CPFF)
FAR 16 - Types of Contracts
What type of contract is Time and Material (T&M) - Answer Can be FP and CR
FAR 16 - Types of Contracts
What type of contract is Labor Hours - Answer Fixed Price
FAR 16 - Types of Contracts
Exam Prep Questions With 100%
Correct Answers Graded A+.
Where in the FAR directs contracting officers to promote full and open competition. - Answer
FAR part 6
What types of contracts full under Commercial (products & services)? - Answer FFP and FP
EPA contracts (T&M as well)
Micro-Purchase Thresholds for Supplies and Services - Answer Supplies - $10,000
Services - $2,500
FAR 2.101
Simplified Acquisition Threshold - Answer $250,000
FAR 2.101
SAP Commercial Threshold - Answer $7.5M
FAR subpart 13.5
What are the Other than Full and Open Comp Types? - Answer 1. Only one Responsible Source
2. Urgent and Compelling
3. Industrial Mobilization
4. International Agreement
5. Authorized/Required by Statute
6. National Security
7. Public Interest
,Where in the FAR is responsibility covered? - Answer FAR part 9 - Contract Qualifications
Name of statute that is sited for Competition - Answer 1984 - Competition in Contracting Act
(CICA)
FAR part 6
Contracts with Statutory Fee Limits - Answer R&D CPFF - 15%
CPFF - 10%
What Firm Price Contract can have an incentive? - Answer FFP with a Performance or Delivery
Incentive but still remains an FFP
What type of contracts have targets and profit adjustments - Answer Incentive contracts
How are Indefinite-Delivery contracts defined - Answer Defined by their delivery
arrangements. Their pricing structures can be Fixed Price or Cost Reimbursement.
What type of contract does the KO decide/determine no other contract type is suitable - Answer
T&M - Time and Material
Name the 3 Levels of Competition - Answer 1. Full and Open Comp
2. Full and Open After Exclusion of Sources (set asides)
3. Other than Full and Open Comp
FAR part 6
What are the five (5) steps involved when using sealed bidding? - Answer 1. Preparation of
invitations for bids,
,5. Contract award
FAR 14.101
WHAT IS A CONTRACT STRATEGY? - Answer ***How you will execute the contract action
considering your customer's need.
Further Infromation:
Involves three major decisions:
1. Deciding the procurement method
2. Deciding the contract type
3. Deciding level of competition to use
Information to select effective strategy results from:
• market research,
• acquisition planning, and
• defining/refining the requirement
Other factors unique to your requirement:
- Urgency of the customer's need
- Degree to which successful performance or delivery is mission critical
- The level of Government oversight needed during contract performance
Final element of developing a sound contract strategy is to identify:
- Evaluation criteria helps to determine best value
- Performance outcome measures promote successful performance.
What major decisions are involved in a contract strategy? - Answer 1. Deciding the
procurement method
2. Deciding the contract type
3. Deciding level of competition to use
, • acquisition planning, and
• defining/refining the requirement
What are the two families of contract types - Answer Cost and Fixed Price
FAR 16 - Types of Contracts
What are the different Fixed Price Contracts - Answer - Firm Fixed Price (FFP)
- Fixed Price with Economic Price Adjustment (FFP EPA)
- Fixed Price Incentive Firm Target
- Fixed Price with Prospective Price Redemption
- Firm Fixed Price Level of Effort
FAR 16 - Types of Contracts
What are the different types of Cost Reimbursement Contracts - Answer - Cost
- Cost Sharing
- Cost Plus Incentive Fee (CPIF)
- Cost Plust Award Fee (CPAF)
- Cost Plus Fixed Fee (CPFF)
FAR 16 - Types of Contracts
What type of contract is Time and Material (T&M) - Answer Can be FP and CR
FAR 16 - Types of Contracts
What type of contract is Labor Hours - Answer Fixed Price
FAR 16 - Types of Contracts
