CON 1300 PRACTICE EXAM
QUESTIONS AND ANSWERS
An-offer-is-response-to-a-solicitation-that,-as-accepted,-would-bind-the-offeror-to-perform-
the-resultant-contract.---ans-✔✔True
A-quotation-could-include-specs-but-no-technical-or-past-performance-documentation?---
ans-✔✔True
What-would-it-be-if-you-include-technical-or-past-performance?---ans-✔✔A-proposal
Are-there-tradeoffs-in-LPTAs?---ans-✔✔No
Which-risk-element-indicates-how-well-the-contractor-would-or-would-not-be-able-to-satisfy-
the-requirement-of-statement-of-work?---ans-✔✔Performance-risk
Which-of-the-following-are-not-to-go-risk-types?---ans-✔✔Subcontracting
Proposal-analysis.-Is-it-to-ensure-the-contractor-is-final-agreed-to-price-is-fair-and-
reasonable?---ans-✔✔True
Cost-realism-is-required-for-all-cost-type-contracts.---ans-✔✔True
During-performing-price-an.alysis-we-compare-separate-cost-elements---ans-✔✔False
Is-GFP-a-price-related-factor?---ans-✔✔YES-(competitive-fixed-price-only!!!)
What-price-adjustment-do-we-alter-HUBZones-by?---ans-✔✔10%
When-we-are-not-doing-tradeoffs-what-is-the-price-we-tend-to-go-with?---ans-✔✔Lowest-
Price-Technically-Acceptable
When-we-have-certified-cost/pricing-data-what-type-analysis-are-we-going-to-do?---ans-
✔✔Cost-analysis
1.-What-are-the-exemptions-to-TINA?---ans-✔✔Commercial,-Competition,-Waiver
What-is-a-direct-cost?---ans-✔✔Any-cost-directly-identified-with-a-single,-final-cost-
objective
QUESTIONS AND ANSWERS
An-offer-is-response-to-a-solicitation-that,-as-accepted,-would-bind-the-offeror-to-perform-
the-resultant-contract.---ans-✔✔True
A-quotation-could-include-specs-but-no-technical-or-past-performance-documentation?---
ans-✔✔True
What-would-it-be-if-you-include-technical-or-past-performance?---ans-✔✔A-proposal
Are-there-tradeoffs-in-LPTAs?---ans-✔✔No
Which-risk-element-indicates-how-well-the-contractor-would-or-would-not-be-able-to-satisfy-
the-requirement-of-statement-of-work?---ans-✔✔Performance-risk
Which-of-the-following-are-not-to-go-risk-types?---ans-✔✔Subcontracting
Proposal-analysis.-Is-it-to-ensure-the-contractor-is-final-agreed-to-price-is-fair-and-
reasonable?---ans-✔✔True
Cost-realism-is-required-for-all-cost-type-contracts.---ans-✔✔True
During-performing-price-an.alysis-we-compare-separate-cost-elements---ans-✔✔False
Is-GFP-a-price-related-factor?---ans-✔✔YES-(competitive-fixed-price-only!!!)
What-price-adjustment-do-we-alter-HUBZones-by?---ans-✔✔10%
When-we-are-not-doing-tradeoffs-what-is-the-price-we-tend-to-go-with?---ans-✔✔Lowest-
Price-Technically-Acceptable
When-we-have-certified-cost/pricing-data-what-type-analysis-are-we-going-to-do?---ans-
✔✔Cost-analysis
1.-What-are-the-exemptions-to-TINA?---ans-✔✔Commercial,-Competition,-Waiver
What-is-a-direct-cost?---ans-✔✔Any-cost-directly-identified-with-a-single,-final-cost-
objective
