CON 1300 FAR Part 15 Source Selection, Proposal Analysis, Cost
Realism, Price Negotiation, LPTA, Risk Assessment, Technical
Evaluation, Past Performance, Contract Types, TINA Compliance,
Cost/Price Analysis, FPR, POM, PNM, Interest-Based Negotiation,
Position-Based Negotiation, SSA, SSEB, SSAC, Evaluation Factors,
Competitive Range, Clarifications, Communications, Discussions,
Negotiations, Post-Award Debriefings, Protests, GAO, Contract
Administration, Termination, Closeout Procedures, Government
Property, Contractor Performance Assessment (CPARS) Exam
Questions Verified and Provided with Complete A+ Graded Rationales
Latest Updated 2026
Types of responses to solicitations
1. An offer for a RFQ under FAR subpart 8.4 is a purchase order
2. An offer for a quote under FAR part 13 is a Quote IAW FAR 13.004
3. An offer for an IFB under FAR part 14 is a bid or sealed bid
4. An offer for an RFP under FAR part 15 is a proposal
Offer
A response to a solicitation that, if accepted, would bind the offeror to perform the resultant
contract.
,Quote
1. A quote is not an offer because it does not bind the contractor to perform a task.
2. Used to obtain pricing for a specific number of well-defined items. Specs may be included but
no technical or past performance documentation.
LPTA
Lowest Price Technically Acceptable:
1. Solicitations shall specify that award will made on this basis
2. Evaluation Factors and Sub Factors will be included on the solicitation
Riska and its elements
"a measure of future uncertainties in achieving program goals and objectives within defined
cost, schedule, and performance constraints."
Cost:
Schedule:
Performance:
Cost Risk
Cost risk is an escalation of project costs. It is the risk that the project will cost more than the
budget allocated for it. Perhaps the most common project risk, cost risk is due to poor budget
planning, inaccurate cost estimating, and scope creep.
, Schedule
SCHEDULE - Schedule risk is the risk that activities will take longer than expected, and is typically
the result of poor planning or unforeseen circumstances.
Performance
PERFORMANCE - Performance risk is the risk that the project will fail to produce results
consistent with project specifications.
Contract Type and Pricing Risk Mitigation
Proposal Analysis Objective
ØThe objective of proposal analysis is to ensure that the final agreed-to price is fair and
reasonable.
ØThe contracting officer is responsible for evaluating the reasonableness of the offered prices.
Types of Proposal Analysis
Price
Cost
Technical
Past Performance
Realism, Price Negotiation, LPTA, Risk Assessment, Technical
Evaluation, Past Performance, Contract Types, TINA Compliance,
Cost/Price Analysis, FPR, POM, PNM, Interest-Based Negotiation,
Position-Based Negotiation, SSA, SSEB, SSAC, Evaluation Factors,
Competitive Range, Clarifications, Communications, Discussions,
Negotiations, Post-Award Debriefings, Protests, GAO, Contract
Administration, Termination, Closeout Procedures, Government
Property, Contractor Performance Assessment (CPARS) Exam
Questions Verified and Provided with Complete A+ Graded Rationales
Latest Updated 2026
Types of responses to solicitations
1. An offer for a RFQ under FAR subpart 8.4 is a purchase order
2. An offer for a quote under FAR part 13 is a Quote IAW FAR 13.004
3. An offer for an IFB under FAR part 14 is a bid or sealed bid
4. An offer for an RFP under FAR part 15 is a proposal
Offer
A response to a solicitation that, if accepted, would bind the offeror to perform the resultant
contract.
,Quote
1. A quote is not an offer because it does not bind the contractor to perform a task.
2. Used to obtain pricing for a specific number of well-defined items. Specs may be included but
no technical or past performance documentation.
LPTA
Lowest Price Technically Acceptable:
1. Solicitations shall specify that award will made on this basis
2. Evaluation Factors and Sub Factors will be included on the solicitation
Riska and its elements
"a measure of future uncertainties in achieving program goals and objectives within defined
cost, schedule, and performance constraints."
Cost:
Schedule:
Performance:
Cost Risk
Cost risk is an escalation of project costs. It is the risk that the project will cost more than the
budget allocated for it. Perhaps the most common project risk, cost risk is due to poor budget
planning, inaccurate cost estimating, and scope creep.
, Schedule
SCHEDULE - Schedule risk is the risk that activities will take longer than expected, and is typically
the result of poor planning or unforeseen circumstances.
Performance
PERFORMANCE - Performance risk is the risk that the project will fail to produce results
consistent with project specifications.
Contract Type and Pricing Risk Mitigation
Proposal Analysis Objective
ØThe objective of proposal analysis is to ensure that the final agreed-to price is fair and
reasonable.
ØThe contracting officer is responsible for evaluating the reasonableness of the offered prices.
Types of Proposal Analysis
Price
Cost
Technical
Past Performance
