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CON 3900 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS

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CON 3990V • CON 3990V

CON 3990V STUDY QUESTIONS XII QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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A contractor assumes the least cost risk in which type of contract? Ans Cost Plus Fixed Fee Contracts Unbalanced pricing occurs when the overall price appears reasonable but ___________ indicates the price of one or more contract line items is significantly over or understated. Ans Cost or Price Analysis Communications may be conducted to enhance Government understanding of proposals; allow reasonable interpretation of the proposal; or facilitate the Government's evaluation proces...

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CON 3990V • CON 3990V

CON 3990 EXAM STUDY GUIDE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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CON 3990 EXAM STUDY GUIDE QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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• 8 pages •
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CON 3990V • CON 3990V

CON 3990V STUDY QUESTIONS VIII QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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Contractors are not held liable for loss of Government property under the following types of contracts EXCEPT: Ans Indefinite Delivery Contracts When does the Rate Cycle process begin for contractors? Ans When the contractor submits a Forward Pricing Rate Proposal (FPRP) at the beginning of an accounting period Quality assurance surveillance plans (QASP) should be prepared in conjunction with the Ans preparation of the statement of work Which of the following is NOT a common type of ...

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CON 3990V • CON 3990V

CONTRACT SPECIALIST PRACTICE EXAM QUESTIONS CON 3990 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? Ans Every five 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 actions is defined as a Ans Determination and Findings Contracting officers below the level of __________ shall be selected and appointed. Ans a head of a contracting activity According to the FAR conventions at Subpart 1.1,...

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CON 3990V • CON 3990V

CON 3990 THRESHOLDS AND DATES QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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Simplified Acquisition Threshold Ans $250,000 Micro Purchase Threshold Ans $10,000 Special authority to use SAP for the acquisition of commercial items exceeding the SAT but not exceeding - Ans $7.5M Threshold to be publicized on SAM.gov Ans >$25,000 Threshold to be posted in a public place Ans $15,000 to $25,000 Threshold for requiring the submission of Certified Cost and Pricing Data (TINA) Ans $2M or greater Threshold for requiring a Source Selection Advisory Council Ans $100M

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• 8 pages •
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CON 3990V • CON 3990V

CON 3990 CONTRACTING CERTIFICATION QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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A postaward orientation aids both Government and contractor personnel to? Ans Achieve a clear and mutual understanding of all contract requirements and identify and resolve potential problems When late in paying an otherwise acceptable invoice, the Government will? Ans Pay an interest penalty When acquiring commercial items, quality assurance is primarily the responsibility of? Ans The contractor You have a requirement for an online subscription to Engineering News Record. The site ...

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CON 3990V • CON 3990V

CON 3990 CONTRACTING CERTIFICATION QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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Market research is conducted during which phase of acquisition? Ans All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? Ans Deviation Simplified Acquisition Procedures (SAP) should? Ans Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? Ans DD Form 1547, Weighted Guidelines Method What type(s) of contracts can be awarded when acquiring commercial items of supply? Ans...

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CON 3990V • CON 3990V

CON 3990V PRACTICE QUIZ 3 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from: Responsive sources Responsible sources Sources that offer the lowest possible price The smallest set of sources Ans Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive Sole source and single source Source selection and competitive

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CON 3990V • CON 3990V

CON 3990 EXAM QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+||BRAND NEW

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How long should the CPARS reporting proces take? Ans The CPARS reporting process should take no longer than 120 days. Phases of the Contracting Process Ans Pre-Award; Award; PostAward Pre-award phase consists of two primary activities: Ans 1. Develop Solicitation (for our purposes, this is done by the Government or the contractor, focused on obtaining a subcontractor). 2. Develop Offer (this is done by the Contractor or Subcontractor) Award phase consists of one primary activity: Ans ...

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