CON 3990V- Pre Practice Test 3 Questions
with 100% Correct Answers
When certified cost or pricing data are not required, why would you obtain data other
than certified cost or pricing data? - Answer- As necessary to establish a fair and
reasonable price.
Unbalanced pricing occurs when the overall price appears reasonable but ___________
indicates the price of one or more contract line items is significantly over or understated.
- Answer- Cost or Price Analysis
Before burdening contractors with providing data, where shall the contracting officer first
obtain data to determine a fair and reasonable price? - Answer-The Government or
other secondary sources
When a contracting officer requests data other than certified cost or pricing data, whose
format for submitting the data should be used? - Answer- The Contractor's
How many protest venues are there? - Answer- 3
Agency
The government Accountability Office (GAO)
The U.S. Court of Federal Claims
To whom shall protests to the agency be addressed?
Program Manager
Contracting Officer
Head of the Agency - Answer- Contracting Officer
If an agency protest is received before award, may the Contracting Officer generally
proceed with the award?
Yes
No - Answer- No
If a Contracting Officer receives an agency protest 8 days after contract award, what
must the Contracting Officer do?
, Immediately suspend performance
Get a second opinion
Allow performance to proceed - Answer- Immediately suspend performance
If a contracting officer denies a contractor's claim in a Contracting Officer's Final
Decision, the contractor must continue contract performance.
True
False - Answer- True
What is Price? - Answer- Cost plus any fee or profit
What is Pricing? - Answer- The process of establishing a reasonable amount or
amounts to be paid for supplies or services.
True or False? Each contract should be priced separately and independently? - Answer-
True
When contracting on a firm-fixed-price basis, what will usually 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, evaluations shall include a cost
realism analysis to determine? - Answer- - What the Government should realistically
expect to pay for the proposed effort,
- the offeror's understanding of the work, and
- the offeror's ability to perform the contract.
True or False? Cost realism analysis may not be used on fixed-price incentive
contracts? - Answer- False
When a contracting professional determines that a price is reasonable, what does that
mean?
They made a decision that is both judicious and wise.
They made a decision based on their ability, knowledge or skill.
with 100% Correct Answers
When certified cost or pricing data are not required, why would you obtain data other
than certified cost or pricing data? - Answer- As necessary to establish a fair and
reasonable price.
Unbalanced pricing occurs when the overall price appears reasonable but ___________
indicates the price of one or more contract line items is significantly over or understated.
- Answer- Cost or Price Analysis
Before burdening contractors with providing data, where shall the contracting officer first
obtain data to determine a fair and reasonable price? - Answer-The Government or
other secondary sources
When a contracting officer requests data other than certified cost or pricing data, whose
format for submitting the data should be used? - Answer- The Contractor's
How many protest venues are there? - Answer- 3
Agency
The government Accountability Office (GAO)
The U.S. Court of Federal Claims
To whom shall protests to the agency be addressed?
Program Manager
Contracting Officer
Head of the Agency - Answer- Contracting Officer
If an agency protest is received before award, may the Contracting Officer generally
proceed with the award?
Yes
No - Answer- No
If a Contracting Officer receives an agency protest 8 days after contract award, what
must the Contracting Officer do?
, Immediately suspend performance
Get a second opinion
Allow performance to proceed - Answer- Immediately suspend performance
If a contracting officer denies a contractor's claim in a Contracting Officer's Final
Decision, the contractor must continue contract performance.
True
False - Answer- True
What is Price? - Answer- Cost plus any fee or profit
What is Pricing? - Answer- The process of establishing a reasonable amount or
amounts to be paid for supplies or services.
True or False? Each contract should be priced separately and independently? - Answer-
True
When contracting on a firm-fixed-price basis, what will usually 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, evaluations shall include a cost
realism analysis to determine? - Answer- - What the Government should realistically
expect to pay for the proposed effort,
- the offeror's understanding of the work, and
- the offeror's ability to perform the contract.
True or False? Cost realism analysis may not be used on fixed-price incentive
contracts? - Answer- False
When a contracting professional determines that a price is reasonable, what does that
mean?
They made a decision that is both judicious and wise.
They made a decision based on their ability, knowledge or skill.
