CON 1400V FINAL EXAM QUESTION BANK | 2026 ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS | LATEST 2026/2027 UPDATE |
GRADED A+ | BRAND NEW.
When does the contracting officer request a reconciliation audit?
On complex, long running contracts with many deliveries, payments,
and modifications
When a contract modification was not processed
On contracts where discounts taken are not reported as excess funds
Whenever services were not performed - ✔✔✔ Correct Answer > On complex,
long running contracts with many deliveries, payments, and
modifications
Which of the following is a key element of a contract administration
plan?
A listing of contract terms and conditions related to administration
Contractor performance milestones
,Names, positions, authorities, and limitations of authority for contract
administration team members
All of the above - ✔✔✔ Correct Answer > All of the above
The first task in the contract administration process is to:
Review the contract file to identify critical contract requirements and
clauses
Debrief all offerors not selected for award
Develop a contract administration plan
Request that the contractor sign a release of claims - ✔✔✔ Correct Answer >
Review the contract file to identify critical contract requirements and
clauses
Generally, government contracts do not hold contractors liable for loss
of government property if the property is provided under which
contract?
, Contracts for commercial products and commercial services
Contracts with educational institutions
Cost-reimbursement contracts
Contracts that do not exceed the simplified acquisition threshold - ✔✔✔
Correct Answer > Cost-reimbursement contracts
True or false: It is the contracting officer's responsibility to identify and
demand payment of contractor debt.
True
False - ✔✔✔ Correct Answer > True
What part of the FAR identifies the required contract file
documentation?
FAR 4.804
FAR 4.803
QUESTIONS AND CORRECT ANSWERS | LATEST 2026/2027 UPDATE |
GRADED A+ | BRAND NEW.
When does the contracting officer request a reconciliation audit?
On complex, long running contracts with many deliveries, payments,
and modifications
When a contract modification was not processed
On contracts where discounts taken are not reported as excess funds
Whenever services were not performed - ✔✔✔ Correct Answer > On complex,
long running contracts with many deliveries, payments, and
modifications
Which of the following is a key element of a contract administration
plan?
A listing of contract terms and conditions related to administration
Contractor performance milestones
,Names, positions, authorities, and limitations of authority for contract
administration team members
All of the above - ✔✔✔ Correct Answer > All of the above
The first task in the contract administration process is to:
Review the contract file to identify critical contract requirements and
clauses
Debrief all offerors not selected for award
Develop a contract administration plan
Request that the contractor sign a release of claims - ✔✔✔ Correct Answer >
Review the contract file to identify critical contract requirements and
clauses
Generally, government contracts do not hold contractors liable for loss
of government property if the property is provided under which
contract?
, Contracts for commercial products and commercial services
Contracts with educational institutions
Cost-reimbursement contracts
Contracts that do not exceed the simplified acquisition threshold - ✔✔✔
Correct Answer > Cost-reimbursement contracts
True or false: It is the contracting officer's responsibility to identify and
demand payment of contractor debt.
True
False - ✔✔✔ Correct Answer > True
What part of the FAR identifies the required contract file
documentation?
FAR 4.804
FAR 4.803
