QUESTIONS AND ANSWERS GRADED A+
◉ Modification must be... Answer: In scope to make sure there is no
undue burden on the contractor
◉ What is GFP? Answer: All property owned by or leased to the
government or acquired by the government and furnished to the
contractor. This includes equipment: procured via purchase order;
furnished by the government; or built in-house.
◉ GFP, when do we provide it Answer: a. To be in the Government's
best interest;
b. That the overall benefit to the acquisition significantly outweighs
the increased cost of administration, including ultimate property
disposal;
c. That providing the property does not substantially increase the
Government's assumption of risk
d. That Government requirements cannot otherwise be met.
◉ What's the objective of ADR (Alternative Dispute Resolutions)?
Answer: To increase the opportunity for relatively inexpensive and
expeditious resolution of issues in controversy.
, ◉ Can the contractor rebut the CPARS rating? Answer: Yes
◉ How long do we retain docs after closeout? Answer: 6 years
◉ 3 different types of terminations Answer: - Convenience
- Commercial or non-commercial for convenience
- Fault and for commercial, it is termination for cause
◉ Gov has a right to terminate, partially or entire thing, for default
or cause, when we do that if the contractor fails to.... Answer: a. Any
default by the Contractor
b. Contractor fails to comply with any contract terms and conditions
c. Contractor fails to provided the Government, upon request,
adequate assurances of future performance
◉ What do we call the phase after contract has been awarded?
Answer: Contract administration
◉ Contracting Database is called what? Answer: CPARS
◉ Contractor can rebut an unfavorable CPARS in what time? Answer:
14 days after invite