CON 1400 Federal Acquisition and Contract Administration Exam: Supplies, Services, Construction, KO Delegation, Post-Award Orientation, Deliverable Management, Contract Financing, Simplified Acquisition Procedures, Payment Methods, Communication Plans, In

CON 1400 Federal Acquisition and Contract Administration Exam: Supplies, Services, Construction, KO Delegation, Post-Award Orientation, Deliverable Management, Contract Financing, Simplified Acquisition Procedures, Payment Methods, Communication Plans, Inspections, Government Furnished Property, Contractor Acquired Property, Quality Assurance, QASP, PWS, Non-Conformance, Contract Surveillance, Inspection and Acceptance, Conditional Acceptance, Small Business Planning, Contract Modifications, Bilateral and Unilateral Mods, Options, Scope and Cardinal Changes, Termination for Convenience and Default, Closeout Procedures, Excess Funds Management, CPARS Performance Evaluation, COR Roles, Rebuttal Process, Dispute Resolution, Claims Processing Exam Questions Verified and Provided with Complete A+ Graded Rationales Latest Updated 2026 Categories of Acquisition* Supplies, Services, Construction Post Award Orientation* FAR 42.5 Simple or complex depending on the nature of the contract and intended performance KO Delegation* KO may specifically delegate 72 normal functions listed in FAR 42.302(a) and DFARS 242.302(a). FAR 42.302(b) lists 12 functions which can be performed when and to the magnitude precisely authorized by the KO May retain all 72 except: Forward pricing rate agreements, final indirect and billing rates, adequacy of CAS disclosure statements Functions that cannot be delegated by the PCO: ØAward, agree to, or execute a contract ØAuthorize work outside the scope of the contract ØAuthorize a constructive change ØObligate, in any way, the payment of money by the Government ØGive direction to the contractor, except as provided in the contract, or as modified ØResolve any dispute concerning a question of law or fact arising under the contract ØRe-delegate any assigned duties unless specifically authorized to do so ØCause the contractor to incur costs not specifically covered by the contract with the expectation that such costs will be reimbursed by the Government Deliverable Management* Overarching goals during contract execution is DM and the contractor's approach, management of their resources and management of their processes to ensure they deliver conforming product on time and within cost Supply: parts, accessories Service Contruction Data/Report Contract Financing* FAR 32.107 KO shall not treat the contractor's need for contract financing as a handicap for a contract award. Contractor shouldn't be DQ'd from contract financing solely because they failed to say so before award Financing SAP Financing* FAR 32.003 Simplified Acquisition Procedures financing. Unless agency regulations otherwise permit, contract financing shall not be provided for purchases made under the authority of FAR part 13. Types of Contract Payments* ØAdvance Payments (Least preferred) ØPerformance-based Payments (PBP) (Most Preferred) ØCommercial Advance and Interim Payments (FAR 32.2) ØProgress Payments (PP) ØCost Reimbursement Interim Payments Payment timelines and requirements* 1. due based on receipt of a proper invoice and satisfactory performance (acceptance). Funds must also be available to make payment 2. Due w/in 30 days of invoice date or government acceptance (construction =14) 3. Govt has 7 days from receipt to notify contractor if invoice is improper 4. Three things: Contract copy, receiving report, proper invoice. Only when goods and services are accepted by the government 5. Contractors are entitled to timely payment upon government acceptance of delivered supplies and services Communication Plan* help you develop and organize the communications strategy you'll need to keep your key stakeholders, customers, and acquisition team informed as you move thru the different phases of the service acquisition process. Good communication is the lifeblood of any successful acquisition. Benefits of t