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CON 3990V EXAM 2026/2027 NEW UPDATE WITH
CORRECT ANSWERS/ CON 3990V EXAM QUESTIONS
WITH VERIFIED SOLUTIONS A COMPLETE STUDY
GUIDE EXAM
Minimize the Effect of Personal Biases -- ANSWER--The contracting professional should
strive to minimize the influence of personal biases.
Maximize the likelihood of Successful Results -- ANSWER--1. AR 1.102-4(e) states that
contracting officers "should take the lead in encouraging business process innovations and
ensuring that business decisions are sound."
Facilitate Communications Among Affected Parties -- ANSWER--1. Effective
communication minimizes the effect of personal biases, maximizes the likelihood of
successful results, and facilitates communications among affected stakeholders.
Cost, quality and timeliness of products and services -- ANSWER--1. FAR 1.102-2(a) tells
contracting professionals that a guiding principle is to satisfy customers in terms of cost,
quality, and timeliness of the delivered product or service.
Contracting Officer Representative (COR) -- ANSWER--1. FAR 1.602-2(d)(7) states that
contracting officers shall designate CORs in writing and furnish copies to the contractor and
the contract administration office
Standards of conduct -- ANSWER--1. FAR 3.101-1 tells us Government business shall be
conducted in a manner above reproach and, except as authorized by statute or regulation, with
complete impartiality and with preferential treatment for none.
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Methods of disseminating information -- ANSWER--1. For proposed contract actions
expected to exceed $25,000, by synopsizing in theGovernment-wide Point of Entry
(GPE).For proposed contract actions expected to exceed $15,000, but not expected to
exceed$25,000. by displaying in a public place.
Justification and Approval (J&A) -- ANSWER--2.FAR 6.303-1(a) states a contracting officer
shall not commence negotiations for a sole source contract,commence negotiations for a
contract resulting from an unsolicited proposal, or award any othercontract without providing
for full and open competition unless the contracting officer-
I. Justifies, if required in FAR 6.302, the use of such actions in writing;
II. Certifies the accuracy and completeness of the justification;
III. (and) Obtains the approval required by FAR 6.304.
Post award orientation: -- ANSWER--1. FAR 42.501(a) states a post award orientation aids
both Government and contractor personnel to (1) achieve a clear and mutual understanding of
all contract requirements, and (2) identify and resolve potential problems. However, it is not a
substitute for the contractor's fully understanding the work requirements at the time offers are
submitted, nor is it to be used to alter the final agreement arrived at in any negotiations
leading to contract award.
Standards of Conduct: -- ANSWER--1. (FAR 3.101-1). Transactions relating to the
expenditure of public funds require the highest degree of public trust and an impeccable
standard of conduct. The general rule is to avoid strictly any conflict of interest, or even the
appearance of a conflict of interest in government-contractor relationships.
Solicitation and Acceptance of Gratuities by Government Personnel -- ANSWER--The
overarching rule on accepting gifts from contractor/employees is at (FAR 3.101-2). You may
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not solicit gifts from anyone, for any reason. This means for yourself or for others. Federal
employees are prohibited from soliciting or accepting gifts.
Disclosures -- ANSWER--No person or other entity may disclose contractor bid or proposal
information or source selection information to any person other than a person authorized, in
accordance with applicable agency regulations or procedures, by the agency head or the
contracting officer.
Contracts with Government Employees: -- ANSWER--A contracting officer shall not
knowingly award a contract to a Government employee or to a business concern or other
organization owned or substantially owned or controlled by one or more Government
employees (FAR 3.601).
Personal Conflicts of interest: -- ANSWER--FAR part 3 covers polices and procedures
related to avoiding improper business practices and personal conflicts of interest. A "personal
conflict of interest" is a situation where an individual is employed by a defense contractor
company and is in a position to materially influence DOD's recommendations and/or
decisions and, because of his/her personal activities, relationships, or financial interests, may
lack or appear to lack objectivity, or appear to be unduly influenced by personal financial
interest.
Organizational Conflicts of interest: -- ANSWER--An OCI is the existence of a set of
circumstances in which a contractor may be unable to render impartial advice to the
government, or might have impaired objectivity in performing contracted work, or may
obtain an unfair competitive advantage in the marketplace when competing for government
work where that unfair advantage is obtained performing a government contract.
There are three broad categories of Organizational Conflicts of interest OCI: -- ANSWER--1.
Unequal Access
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2. Impaired Objectivity
3. Biased Ground Rules
Three basic approaches available to contractors and the Agency for dealing with OCI issues,
as follows: -- ANSWER--1. Avoid - Prevent the occurrence of an actual or potential OCI
through actions such as excluding sources from competition or eliminating a segment of work
from a contract or task.
2. Neutralize - Negate, through a specific action, potential or actual OCI related to either a
contractor's objectivity during contract performance, or unfair competitive advantage.
Specific actions could include encouraging and facilitating support contractor recusal,
excluding or severely limiting support contractor participation in source selection activities,
and/or otherwise barring access to competition sensitive data.
3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level of
risk so that the government's interests with regard to fair competition and contract
performance are not prejudiced. This is facilitated in developing an OCI mitigation plan
(DFARS 209.571-4).
Contractor Code of Business Ethics and Conduct: -- ANSWER--1. Per FAR 3.1002,
Government contractors must conduct themselves with the highest degree of integrity and
honesty. Contractors should have a written code of business ethics and conduct.
FAR Part 1 -- ANSWER--Federal Acquisition Regulation System
FAR Part 2 -- ANSWER--Definitions of Words and Terms
FAR Part 3 -- ANSWER--Improper Business Practices & Personal Conflicts of Interest
FAR Part 4 -- ANSWER--Administrative Matters
CON 3990V EXAM 2026/2027 NEW UPDATE WITH
CORRECT ANSWERS/ CON 3990V EXAM QUESTIONS
WITH VERIFIED SOLUTIONS A COMPLETE STUDY
GUIDE EXAM
Minimize the Effect of Personal Biases -- ANSWER--The contracting professional should
strive to minimize the influence of personal biases.
Maximize the likelihood of Successful Results -- ANSWER--1. AR 1.102-4(e) states that
contracting officers "should take the lead in encouraging business process innovations and
ensuring that business decisions are sound."
Facilitate Communications Among Affected Parties -- ANSWER--1. Effective
communication minimizes the effect of personal biases, maximizes the likelihood of
successful results, and facilitates communications among affected stakeholders.
Cost, quality and timeliness of products and services -- ANSWER--1. FAR 1.102-2(a) tells
contracting professionals that a guiding principle is to satisfy customers in terms of cost,
quality, and timeliness of the delivered product or service.
Contracting Officer Representative (COR) -- ANSWER--1. FAR 1.602-2(d)(7) states that
contracting officers shall designate CORs in writing and furnish copies to the contractor and
the contract administration office
Standards of conduct -- ANSWER--1. FAR 3.101-1 tells us Government business shall be
conducted in a manner above reproach and, except as authorized by statute or regulation, with
complete impartiality and with preferential treatment for none.
, Page 2
Methods of disseminating information -- ANSWER--1. For proposed contract actions
expected to exceed $25,000, by synopsizing in theGovernment-wide Point of Entry
(GPE).For proposed contract actions expected to exceed $15,000, but not expected to
exceed$25,000. by displaying in a public place.
Justification and Approval (J&A) -- ANSWER--2.FAR 6.303-1(a) states a contracting officer
shall not commence negotiations for a sole source contract,commence negotiations for a
contract resulting from an unsolicited proposal, or award any othercontract without providing
for full and open competition unless the contracting officer-
I. Justifies, if required in FAR 6.302, the use of such actions in writing;
II. Certifies the accuracy and completeness of the justification;
III. (and) Obtains the approval required by FAR 6.304.
Post award orientation: -- ANSWER--1. FAR 42.501(a) states a post award orientation aids
both Government and contractor personnel to (1) achieve a clear and mutual understanding of
all contract requirements, and (2) identify and resolve potential problems. However, it is not a
substitute for the contractor's fully understanding the work requirements at the time offers are
submitted, nor is it to be used to alter the final agreement arrived at in any negotiations
leading to contract award.
Standards of Conduct: -- ANSWER--1. (FAR 3.101-1). Transactions relating to the
expenditure of public funds require the highest degree of public trust and an impeccable
standard of conduct. The general rule is to avoid strictly any conflict of interest, or even the
appearance of a conflict of interest in government-contractor relationships.
Solicitation and Acceptance of Gratuities by Government Personnel -- ANSWER--The
overarching rule on accepting gifts from contractor/employees is at (FAR 3.101-2). You may
, Page 3
not solicit gifts from anyone, for any reason. This means for yourself or for others. Federal
employees are prohibited from soliciting or accepting gifts.
Disclosures -- ANSWER--No person or other entity may disclose contractor bid or proposal
information or source selection information to any person other than a person authorized, in
accordance with applicable agency regulations or procedures, by the agency head or the
contracting officer.
Contracts with Government Employees: -- ANSWER--A contracting officer shall not
knowingly award a contract to a Government employee or to a business concern or other
organization owned or substantially owned or controlled by one or more Government
employees (FAR 3.601).
Personal Conflicts of interest: -- ANSWER--FAR part 3 covers polices and procedures
related to avoiding improper business practices and personal conflicts of interest. A "personal
conflict of interest" is a situation where an individual is employed by a defense contractor
company and is in a position to materially influence DOD's recommendations and/or
decisions and, because of his/her personal activities, relationships, or financial interests, may
lack or appear to lack objectivity, or appear to be unduly influenced by personal financial
interest.
Organizational Conflicts of interest: -- ANSWER--An OCI is the existence of a set of
circumstances in which a contractor may be unable to render impartial advice to the
government, or might have impaired objectivity in performing contracted work, or may
obtain an unfair competitive advantage in the marketplace when competing for government
work where that unfair advantage is obtained performing a government contract.
There are three broad categories of Organizational Conflicts of interest OCI: -- ANSWER--1.
Unequal Access
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2. Impaired Objectivity
3. Biased Ground Rules
Three basic approaches available to contractors and the Agency for dealing with OCI issues,
as follows: -- ANSWER--1. Avoid - Prevent the occurrence of an actual or potential OCI
through actions such as excluding sources from competition or eliminating a segment of work
from a contract or task.
2. Neutralize - Negate, through a specific action, potential or actual OCI related to either a
contractor's objectivity during contract performance, or unfair competitive advantage.
Specific actions could include encouraging and facilitating support contractor recusal,
excluding or severely limiting support contractor participation in source selection activities,
and/or otherwise barring access to competition sensitive data.
3. Mitigate - Reduce or alleviate the impact of unavoidable OCIs to an acceptable level of
risk so that the government's interests with regard to fair competition and contract
performance are not prejudiced. This is facilitated in developing an OCI mitigation plan
(DFARS 209.571-4).
Contractor Code of Business Ethics and Conduct: -- ANSWER--1. Per FAR 3.1002,
Government contractors must conduct themselves with the highest degree of integrity and
honesty. Contractors should have a written code of business ethics and conduct.
FAR Part 1 -- ANSWER--Federal Acquisition Regulation System
FAR Part 2 -- ANSWER--Definitions of Words and Terms
FAR Part 3 -- ANSWER--Improper Business Practices & Personal Conflicts of Interest
FAR Part 4 -- ANSWER--Administrative Matters
