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CLC 059 Questions and Answers Latest Update Already Passed Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you which of the fol...

CLC 059 Management of Subcontracting Compliance Questions and Answers Already Passed When FAR 52.244-6 is included in noncommercial contracts, it identifies the clauses to be included in what kinds of subcontracts? Subcontracts for commercial or non-developmental items. How will the inclusion of the flow-down clauses in CD 2018-O0021 or FAR 52.244-6 impact post-award subcontracting compliance management? For all four contracts, the procuring contracting officer (PCO) has delegated ...

CLC 059 Subcontracting Questions and Answers 100% Pass What is a purchase order, task order, or other contract between a prime contractor and another business to support the prime contract and to which the government has no contractual relationship, i.e., no privity? Subcontract Which of the following are key, recommended resources for subcontracting compliance management? (Select three that apply) DFARS, SBA, DCMA Which of the following are key, recommended resources for subcontr...

CLC 107 OPSEC Contract Requirements DAU Questions and Answers 100% Pass True or False: OPSEC is a process to deny potential adversaries information about capabilities and/or intentions by identifying and controlling generally unclassified evidence of the planning and execution of sensitive activities. True Which step in the OPSEC process is a decision-making step because it helps the decision maker prioritize and decide whether or not to assign a countermeasure? Assess Risk Which on...

CLC-222 Contracting Questions and Answers Already Passed What is a Contracting Officer Representative? A technical representative that is appointed by the contracting officer through a designation letter The procuring Contracting Officer, Administrative Contracting Officer, Termination Contracting Officer, and the Contracting Officer's Representative are key players in the acquisition process. From the following statements, choose the correct answer: The contracting officer appoints...

CLC 222 Module 4 Questions and Answers 100% Pass Inspection and acceptance criteria for fixed-price deliverables include: Under a cost-reimbursement, time and materials, or labor hour contract, which one of the following statements is false. The COR should notify the contractor immediately if there is a discrepancy found in a public voucher. The government's policy is for contractors to provide all of their own general purpose equipment. However, on a base or installation or in a co...

CLC057 PERFORMANCE BASED PAYMENTS QUESTIONS AND ANSWERS 100% PASS Contract Financing? is covered in FAR Part 32 and is defined as the Government authorized payment of funds to the contractor prior to acceptance of supplies or services by the Government. Contract financing does not include invoice payments, payments for partial acceptance or lease or rental payments. Purpose and Scope of Contract Financing to assist the contractor in paying costs incurred during the performance of t...

CLC 033 Questions and Answers with Certified Solutions Why is this continuous learning module necessary? Consider the following: Existing Department of Defense (DOD) contracting professionals could benefit from additional coverage of contract format and contract line item structure. The introduction of personal computers has decentralized contract drafting, resulting in more people being made responsible for constructing contracts. The downsizing of the DOD workforce has resulted ...

Cost or Pricing - FAR 15.4 Latest Update Graded A+ Definition of Certified Cost or Pricing Data All facts, that as of the date of price agreement, or if applicable, an earlier date agreed upon between the parties that's as close as practicable to the date of agreement on price, prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental; and are verifiable. Pricing Policy PCO shall purchase from res...

Introduction to Contract Pricing Latest Update 100% Correct Price or Cost Data Cost or pricing data are factual, not judgmental, and are verifiable. While they do not indicate the accuracy of the prospective contractor"s judgment about estimated future costs or projections, they do include the data forming the basis for that judgment. Cost or pricing data are more than historical accounting data; they are all the facts that can be reasonably expected to contribute to the soundness of ...