CON 1400 EXAM 105 2026 EXAM PREP STUDY
GUIDE COMPREHENSIVE REVIEW
◉ Name 3 types of estimating methods: Answer: -Round Table
-Comparison
-Detailed
◉ What are the chief techniques used in proposal evaluations?
Answer: An agency shall evaluate competitive proposals and then
assess their relative qualities solely on the factors and subfactors
specified in the solicitation (FAR 15.305(a))
◉ Define Price Answer: Cost plus any fee or profit applicable to the
contract type (FAR 15.401) (Price = cost + profit or fee)
◉ Who performs technical analysis? Answer: personnel having
specialized knowledge, skills, experience, or capability in
engineering, science, or management (FAR 15.404-1(e)(1))
◉ What is the definition of proposal analysis? Answer: The objective
of proposal analysis is to ensure that the final agreed-to price is fair
and reasonable (FAR 15.401-1(a))
,◉ How is proposal analysis different from proposal evaluation?
Answer: 15.404-1 -- Proposal Analysis Techniques.
(a) General. The objective of proposal analysis is to ensure that the
final agreed-to price is fair and reasonable.
15.305 -- Proposal Evaluation.
(a) Proposal evaluation is an assessment of the proposal and the
offeror's ability to perform the prospective contract successfully.
◉ What is a fair and reasonable price? Answer: the price that a
prudent businessperson would pay for an item or service under
competitive market conditions, given a reasonable knowledge of the
marketplace
◉ When is price analysis required? Answer: (1616-C, slide 16) You
must use price analysis to determine if a price is fair and reasonable
when an offeror is not required to provide certified cost and pricing
data
◉ When is cost analysis required? Answer: When Truth In
Negotiations Act is applicable (1616-C, slide 20)
For all cost type contracts (1616-C, slide 23)
Fixed priced contracts when:
, >requirements are ambiguous
>there are quality concerns
>Past experience concerns
◉ Define Proposal Evaluation Answer: Assessment of the proposal
and the offeror's ability to perform the prospective contract
successfully (FAR 15.305(a))
◉ price index numbers Answer: (1617-C, slide 12) measure relative
price changes from one time period to another
◉ Cost or pricing data Answer: all facts that prudent buyers and
sellers would reasonably expect to affect price negotiations
significantly
◉ Exceptions to Truthful Cost and Pricing Data (TINA) Answer: ...
◉ Who is responsible for the Independent Government Estimate?
Answer: Requiring activity
◉ Define Round Table Answer: A cost estimating tecnique which
involves experts exchanging views and making judgments based on
knowledge and experience
GUIDE COMPREHENSIVE REVIEW
◉ Name 3 types of estimating methods: Answer: -Round Table
-Comparison
-Detailed
◉ What are the chief techniques used in proposal evaluations?
Answer: An agency shall evaluate competitive proposals and then
assess their relative qualities solely on the factors and subfactors
specified in the solicitation (FAR 15.305(a))
◉ Define Price Answer: Cost plus any fee or profit applicable to the
contract type (FAR 15.401) (Price = cost + profit or fee)
◉ Who performs technical analysis? Answer: personnel having
specialized knowledge, skills, experience, or capability in
engineering, science, or management (FAR 15.404-1(e)(1))
◉ What is the definition of proposal analysis? Answer: The objective
of proposal analysis is to ensure that the final agreed-to price is fair
and reasonable (FAR 15.401-1(a))
,◉ How is proposal analysis different from proposal evaluation?
Answer: 15.404-1 -- Proposal Analysis Techniques.
(a) General. The objective of proposal analysis is to ensure that the
final agreed-to price is fair and reasonable.
15.305 -- Proposal Evaluation.
(a) Proposal evaluation is an assessment of the proposal and the
offeror's ability to perform the prospective contract successfully.
◉ What is a fair and reasonable price? Answer: the price that a
prudent businessperson would pay for an item or service under
competitive market conditions, given a reasonable knowledge of the
marketplace
◉ When is price analysis required? Answer: (1616-C, slide 16) You
must use price analysis to determine if a price is fair and reasonable
when an offeror is not required to provide certified cost and pricing
data
◉ When is cost analysis required? Answer: When Truth In
Negotiations Act is applicable (1616-C, slide 20)
For all cost type contracts (1616-C, slide 23)
Fixed priced contracts when:
, >requirements are ambiguous
>there are quality concerns
>Past experience concerns
◉ Define Proposal Evaluation Answer: Assessment of the proposal
and the offeror's ability to perform the prospective contract
successfully (FAR 15.305(a))
◉ price index numbers Answer: (1617-C, slide 12) measure relative
price changes from one time period to another
◉ Cost or pricing data Answer: all facts that prudent buyers and
sellers would reasonably expect to affect price negotiations
significantly
◉ Exceptions to Truthful Cost and Pricing Data (TINA) Answer: ...
◉ Who is responsible for the Independent Government Estimate?
Answer: Requiring activity
◉ Define Round Table Answer: A cost estimating tecnique which
involves experts exchanging views and making judgments based on
knowledge and experience
