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FAC-C (Professional) Exam Prep
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CON 3900 FAC-C Certification Exam Notes CON 3910 FAC-C Exam Prep Course... CO
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Terms in this set (964)
The contracting lifecycle consists of three phases: Preaward, award, & postaward
The preaward phase involves: All the work performed by both the buyer (Government or prime contractor)
and seller (contractor or subcontractor in communicating the buyer's
requirements and providing a solution to those requirements.
Typically start befor the contracting process: Requirements definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities: Develop solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must: Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
What two FAR parts are key resources in developing FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
the solicitation?
Buying activities must conduct ___ to identify potential Market Research
suppliers, evaluate if the requirement is achievable, and
perform any pre-offer conferences or communication.
What FAR part is a key resource for conducting Market FAR Part 10 Market Research
Research?
How do buying activities analyze risk? Performing make or buy decisions; conducting a supply or services
determination; and understanding the required schedule or needs of the
customer including the need for property (including intellectual property).
What FAR/DFARS resources can assist in analyzing FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
risks? Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
Primary FAR resource for information about contract FAR Part 16 Types of Contracts
types:
, Which FAR Part addresses publicizing contract actions? FAR Part 5
What is the second phase of the contract lifecycle? Contract Award
What is the one activity in the award phase? Form contract
When it receives offers, the buying activity Analyze proposals in terms of risk, review for price reasonableness, and
(Government) must: document results of the analysis.
FAR Part ___, ___ ___ gives guidance that can be 15.404, Proposal Analysis
generalized for contract methods beyond those
covered by the rest of FAR Part 15.
To plan for negotiations, the buying activity may ask for Clarification, negotiation objectives.
___ from offerors and then develop ___ ___.
In all cases, ___ must explain the process that arrived at Documentation
an offeror being awarded a contract.
What FAR/DFARS Parts discuss the protest processes? FAR Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___. Postaward
The postaward phase involves: All the work performed by both the buyer and seller during contract
performance, to include changes to the contract, contract closeout, and
sometimes termination of a contract.
The postaward phase (sometimes referred to as Perform contract and close contract.
contract administration) consists of two primary
activities:
Perform contract involves monitoring risk and assessing Contractual terms and conditions; contract technical requirements during
its impact on contract performance, ensuring contract performance up to contract closeout or termination.
compliance with:
What two parties must administer the contract? Buyer and seller.
Contract administration requires: Continuous documentation throughout the life of the contract and depends on
good communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
postaward activities and responsibilities?
Quality includes: Schedule, cost, and delivery of services or items.
Whose responsibility is quality? The seller.
Which FAR Part gives important guidance for planning FAR Part 46 Quality Assurance
and ensuring successful contract performance?
The supply chain consists of a network of: Subcontractors, vendors, and other service/item providers to the seller or
prime contractor.
FAC-C (Professional) Exam Prep
9 studiers today 5.0 (2 reviews)
Students also studied
CON 3900 FAC-C Certification Exam Notes CON 3910 FAC-C Exam Prep Course... CO
150 terms Teacher 42 terms 558 terms 75
pavielleludlow Preview tiffcherry91 Preview lastrawbridge Preview
Terms in this set (964)
The contracting lifecycle consists of three phases: Preaward, award, & postaward
The preaward phase involves: All the work performed by both the buyer (Government or prime contractor)
and seller (contractor or subcontractor in communicating the buyer's
requirements and providing a solution to those requirements.
Typically start befor the contracting process: Requirements definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities: Develop solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must: Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
What two FAR parts are key resources in developing FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
the solicitation?
Buying activities must conduct ___ to identify potential Market Research
suppliers, evaluate if the requirement is achievable, and
perform any pre-offer conferences or communication.
What FAR part is a key resource for conducting Market FAR Part 10 Market Research
Research?
How do buying activities analyze risk? Performing make or buy decisions; conducting a supply or services
determination; and understanding the required schedule or needs of the
customer including the need for property (including intellectual property).
What FAR/DFARS resources can assist in analyzing FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
risks? Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
Primary FAR resource for information about contract FAR Part 16 Types of Contracts
types:
, Which FAR Part addresses publicizing contract actions? FAR Part 5
What is the second phase of the contract lifecycle? Contract Award
What is the one activity in the award phase? Form contract
When it receives offers, the buying activity Analyze proposals in terms of risk, review for price reasonableness, and
(Government) must: document results of the analysis.
FAR Part ___, ___ ___ gives guidance that can be 15.404, Proposal Analysis
generalized for contract methods beyond those
covered by the rest of FAR Part 15.
To plan for negotiations, the buying activity may ask for Clarification, negotiation objectives.
___ from offerors and then develop ___ ___.
In all cases, ___ must explain the process that arrived at Documentation
an offeror being awarded a contract.
What FAR/DFARS Parts discuss the protest processes? FAR Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___. Postaward
The postaward phase involves: All the work performed by both the buyer and seller during contract
performance, to include changes to the contract, contract closeout, and
sometimes termination of a contract.
The postaward phase (sometimes referred to as Perform contract and close contract.
contract administration) consists of two primary
activities:
Perform contract involves monitoring risk and assessing Contractual terms and conditions; contract technical requirements during
its impact on contract performance, ensuring contract performance up to contract closeout or termination.
compliance with:
What two parties must administer the contract? Buyer and seller.
Contract administration requires: Continuous documentation throughout the life of the contract and depends on
good communication, funds management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of FAR Part 42 Contract Administration and Audit Services; DFARS Part 242.
postaward activities and responsibilities?
Quality includes: Schedule, cost, and delivery of services or items.
Whose responsibility is quality? The seller.
Which FAR Part gives important guidance for planning FAR Part 46 Quality Assurance
and ensuring successful contract performance?
The supply chain consists of a network of: Subcontractors, vendors, and other service/item providers to the seller or
prime contractor.
