CFCM Study guides, Class notes & Summaries

CFCM Final Review Questions and Answers Graded A+ The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. d. The National Contract Management Association. - Answer ️️ -c. The Secretary of Defense, the Administrator of General Servi...

CFCM Study Guide: FULL TEST Latest Update with Verified Solutions Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in ...

CFCM Practice Test Questions with Verified Solutions How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - Answer ️️ -Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actionsi s defined as a - Answer ️️ - determination and findings Contracting officers below the level of ___ shall be selected and appointed - Answer ️️ -a he...

CFCM Exam Practice Test Questions and Answers with Verified Solutions What is a Certificate of Competency - Answer ️️ -A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - Answer ️️ -$35,000 What can a contractor access online at ...

CFCM Practice Test 2024 With respect to proposal evaluations, solicitations for simplified acquisitions are: - Answer ️️ - not required to state the relative importance of each evaluation factor and subfactor. Performance-based acquisition offers __________, which can be used to adjust payment to reflect the degree of performance success and to motivate superior performance. - Answer ️️ - Incentives _______________ contracts are characterized by the employer-employee relationship i...

CFCM Thresholds Latest 2024 Rated A+ Under $150,000 - Answer ️️ -Simplified Acquisition Threshold $25,000 - Answer ️️ -Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 - Answer ️️ -Micro purchase Threshold $2,000 - Answer ️️ -Micro purchase threshold for construction subject to wage rate requirements $2,500 - Answer ️️ -Micro purchase threshold for services subject to service contract labor standards $20,000 - Answer ️️ -...

CFCM Questions and Answers 100% Pass A pre-bid conference may be used for the following purposes except? - Answer ️️ -The correct answer is: as a substitute for amending a defective or ambiguous invitation. ________________ provides for upward or downward revision of the state contract price upon occurrence of specified contingencies - Answer ️️ -Fixed-Price with economic price adjustment What method of special contracting is used to acquire known requirements in quantities and tota...

Certified Federal Contracts Manager (CFCM) Questions with Correct Answers Acceptable methods for disseminating information on proposed contract actions include (FAR 5.101(a) or (b)) - Answer-announcements in magazines at no cost, assisting a local trade association in disseminating information to their members, and synopsis in the government-wide point of entry What is the minimum response time for receipt of bids or proposals for noncommercial item solicitations? FAR 5.203(d) - Answer-30 ...

CFCM - Final Review Exam Questions with Correct Answers Which of the following is true about postaward notifications to offerors whose proposals were not selected for award? a. The notice must be provided within three days of contract award, and shall not contain the number of proposals received b. The notice must be provided within 10 days of contract award, and shall contain the number of offerors solicited c. The notice shall inform the offeror that further proposal revisions will be ac...

CFCM ACTUAL EXAM QUESTIONS WITH COMPLETE ANSWERS 2024