with Verified Answers
When using invitations for bids (IFBs), what type(s) of contracts can be awarded? -
Answer- Only firm-fixed-price contracts or fixed-price-contracts w/ economic price
adjustment
Which is not a type of contracting officer? - Answer- Executive contracting officer
Which FAR part sets forth the basic policies and general information about the Federal
Acquisition Regulations System? - Answer- FAR Part 1
How many FAR parts are there? - Answer- 53
Your customer comes to you anticipating a new requirement, one that has not been
purchased recently. You'd like to refer them to the FAR part dealing specifically with
market research. Which FAR part do you refer them to? - Answer- FAR Part 10
Which term means the total cost to the Government of acquiring, operating, supporting
and (if applicable) disposing of the items being acquired? - Answer- Life-cycle costs
Where in the FAR can you find guidance on how to establish, maintain, and dispose of
Government contract files? - Answer- FAR Part 4 (Administrative & Information Matters)
Which FAR Part is the best source of information regarding competition requirements? -
Answer- FAR Part 6 (Competition Requirements)
Where is in the FAR is contracting by negotiation covered? - Answer- FAR Part 15
Contractors are required to certify that a claim is made in good faith when submitting
any claim exceeding: - Answer- $100,000
One of the proper protest venues is the: - Answer- U.S. Court of Federal Claims
What FAR Part covers protest/ - Answer- FAR Part 33
Which FAR part is titled "Subcontracting Policies and Procedures"? - Answer- FAR Part
44
You've received a claim on your contract. The contractor is required to certify its claim
above what amount? - Answer- $100,000
, What FAR Part covers terminations? - Answer- FAR Part 49
What FAR Part is Special Contracting Methods? - Answer- FAR Part 17
What FAR Part has bonds and insurance? - Answer- FAR Part 28
Emergency Acquisitions is which FAR Part? - Answer- FAR Part 18
What is FAR Part 5? - Answer- Publicizing Contract Actions
What is FAR Part 2? - Answer- Definitions of Words and Terms
What is FAR Part 3? - Answer- Improper Business Practices and Personal Conflicts of
Interest
What is FAR Part 11? - Answer- Describing Agency Needs
What is FAR Part 10? - Answer- Market Research
What is FAR Part 7? - Answer- Acquisition Planning
What is FAR Part 53? - Answer- Forms
What FAR Part has Provisions & Contract Clauses? - Answer- FAR Part 52
Termination of Contracts is which FAR Part? - Answer- FAR Part 49
Which clause is related to Acquisition? - Answer- 52.215 - Instructions to Offerors -
Competitive Acquistion
What is considered a contract action? - Answer- Contract action means any oral or
written action that results in the purchase, rent, or lease of supplies or equipment,
services, or construction.
What is latent defect? - Answer- is one that is not readily noticeable upon reasonable
inspection at the time of acceptance.
Who accepts the burden of latent defect? - Answer- The burden is on the government to
prove that defective material and workmanship was the probable cause of product
failure or non-conformance.
Who can you submit a claim to? - Answer- Contractor claims are submitted to the KO