CON 3900 WEEK 3 EXAM QUESTIONS
AND ANSWERS
When does title for a completed product transfer to the Government, assuming the
product meets all contract requirements? - Answer- Upon formal acceptance by the
Government
When using invitations for bids (IFBs), what type(s) of contracts can be awarded? -
Answer- Only firm-fixed price contracts or firm-fixed price contracts with economic price
adjustment
Which acquisition situation would warrant an exception to the requirement for certified
cost or pricing data? - Answer- Commercial item acquisition
Which type of solicitation may require the submission of certified cost or pricing data? -
Answer- Request
Which of the following statements best conveys the convention at FAR 1.108(b),
delegation of authority? - Answer- Each authority is delegable unless specifically stated
otherwise
The competitive range for competitive negotiations must be established: - Answer- Prior
to entering into discussions
The Government team is ready to request final proposal revisions. As a result, we know
that: - Answer- Discussions have concluded
What entity can the contractor appeal to if they do not agree with the contracting
officer's final decision on a claim? - Answer- United States Court of Federal Claims
Contract files for contracts using simplified acquisition procedures should be considered
closed when the contracting officer receives evidence of two things. The first is receipt
of the property or service. What is the second? - Answer- Final payment
When shall contracting officers negotiate equitable adjustments resulting from change
orders? - Answer- Within the shortest timeframe practicable
Change orders issued under the changes clause of the contract use which form? -
Answer- SF 30
, Where does the majority of risk fall in a firm-fixed price contract? - Answer- The
contractor
What is the definition of price according to FAR 15.401? - Answer- Price = Cost + any
fee or profit applicable to the contract type
What are the contracting officer's responsibilities with regards to price? (1 of 3) -
Answer- Purchase supplies and services from responsible sources at fair and
reasonable prices
What are the contracting officer's responsibilities with regards to price? (2 of 3) -
Answer- Price each contract separately and independently.
What should contracting officers NOT do when pricing each contract separately and
independently? (2 things) - Answer- 1) They should not use proposed price reductions
under other contracts as an evaluation factor.
2) They should not consider losses or profits realized or anticipated under other
contracts.
What are the contracting officer's responsibilities with regards to price? (3 of 3) -
Answer- Not include in a contract price any amount for a specified contingency that
provides for a price adjustment based upon the occurrence of that contingency.
What is pricing? - Answer- The process of establishing a reasonable amount or
amounts to be paid for supplies or services.
When is price based on adequate price competition? (1 of 3) - Answer- -Two or more
responsible offerors
When is price based on adequate price competition? (2 of 3) - Answer- -Award will be
made to the offeror whose proposal represents the best value where price is a
substantial factor in source selection
When is price based on adequate price competition? (3 of 3) - Answer- There is no
finding that the price of the otherwise successful offeror is unreasonable.
When contracting on a firm-fixed price basis, what will typically satisfy the requirement
to perform a price analysis? - Answer- A comparison of proposed prices.
True or False: Price to the Government shall be evaluated in every source selection? -
Answer- True
When contracting on a cost-reimbursement basis, what shall evaluations include? -
Answer- A cost realism analysis
AND ANSWERS
When does title for a completed product transfer to the Government, assuming the
product meets all contract requirements? - Answer- Upon formal acceptance by the
Government
When using invitations for bids (IFBs), what type(s) of contracts can be awarded? -
Answer- Only firm-fixed price contracts or firm-fixed price contracts with economic price
adjustment
Which acquisition situation would warrant an exception to the requirement for certified
cost or pricing data? - Answer- Commercial item acquisition
Which type of solicitation may require the submission of certified cost or pricing data? -
Answer- Request
Which of the following statements best conveys the convention at FAR 1.108(b),
delegation of authority? - Answer- Each authority is delegable unless specifically stated
otherwise
The competitive range for competitive negotiations must be established: - Answer- Prior
to entering into discussions
The Government team is ready to request final proposal revisions. As a result, we know
that: - Answer- Discussions have concluded
What entity can the contractor appeal to if they do not agree with the contracting
officer's final decision on a claim? - Answer- United States Court of Federal Claims
Contract files for contracts using simplified acquisition procedures should be considered
closed when the contracting officer receives evidence of two things. The first is receipt
of the property or service. What is the second? - Answer- Final payment
When shall contracting officers negotiate equitable adjustments resulting from change
orders? - Answer- Within the shortest timeframe practicable
Change orders issued under the changes clause of the contract use which form? -
Answer- SF 30
, Where does the majority of risk fall in a firm-fixed price contract? - Answer- The
contractor
What is the definition of price according to FAR 15.401? - Answer- Price = Cost + any
fee or profit applicable to the contract type
What are the contracting officer's responsibilities with regards to price? (1 of 3) -
Answer- Purchase supplies and services from responsible sources at fair and
reasonable prices
What are the contracting officer's responsibilities with regards to price? (2 of 3) -
Answer- Price each contract separately and independently.
What should contracting officers NOT do when pricing each contract separately and
independently? (2 things) - Answer- 1) They should not use proposed price reductions
under other contracts as an evaluation factor.
2) They should not consider losses or profits realized or anticipated under other
contracts.
What are the contracting officer's responsibilities with regards to price? (3 of 3) -
Answer- Not include in a contract price any amount for a specified contingency that
provides for a price adjustment based upon the occurrence of that contingency.
What is pricing? - Answer- The process of establishing a reasonable amount or
amounts to be paid for supplies or services.
When is price based on adequate price competition? (1 of 3) - Answer- -Two or more
responsible offerors
When is price based on adequate price competition? (2 of 3) - Answer- -Award will be
made to the offeror whose proposal represents the best value where price is a
substantial factor in source selection
When is price based on adequate price competition? (3 of 3) - Answer- There is no
finding that the price of the otherwise successful offeror is unreasonable.
When contracting on a firm-fixed price basis, what will typically satisfy the requirement
to perform a price analysis? - Answer- A comparison of proposed prices.
True or False: Price to the Government shall be evaluated in every source selection? -
Answer- True
When contracting on a cost-reimbursement basis, what shall evaluations include? -
Answer- A cost realism analysis
