Correct Answers
What are life-cycle costs? - Answer- The total cost to the Government of acquiring,
operating, supporting, and (if applicable) disposing of the items being acquired
What is an exception to obtaining certified cost or pricing data? - Answer- Adequate
price competition
The two broad categories of government contract types are: - Answer- Fixed-price
contracts and cost-reimbursement contracts
When using FAR part 12 procedures, the technical evaluation would normally include
examination of such things as product literature, product samples (if requested),
technical features, and: - Answer- Warranty provisions
To the maximum extent practicable, acquisition officials shall state requirements of
supplies or services in terms of functions to be performed, performance required, or: -
Answer- Essential physical characteristics
Provisions and clauses should be incorporated by reference in solicitations and
contracts: - Answer- To the maximum practical extent, rather than being incorporated in
full text
The purpose of exchanging information with industry before receipt of proposals is to: -
Answer- Improve the understanding of Government requirements and industry
capabilities
What is the correct title of a solicitation for negotiated procedures? - Answer- Request
for Proposals
What type of contract shall not be used in Government contracting? - Answer- Cost-
plus-a-percentage-of-cost Contract
What types of contracts can be awarded when acquiring commercial items of supply? -
Answer- Firm-fixed-price contracts or fixed-price contracts with economic price
adjustment