PRACTICE EXAMINATION 2026
QUESTIONS WITH ANSWERS GRADED A+
◍ What are the different solicitation types and which FAR part is associated?.
Answer: - FAR Part 13- Request for Quote- FAR Part 14- Invitation for Bid-
FAR Part 15- Request for Proposals
◍ In terms of protests, Day means ____________ unless otherwise specified..
Answer: Calendar day
◍ TINA empowers the Contracting Officer with the ability to obtain the data
needed to determine a fair and reasonable price when normal market forces
are not present..
Answer: TINA requires KTRs to provide actual costs and cost estimates in
the form of certified CCPD to aid the contracting officer in determining fair
and reasonable prices.
◍ What are some reasons why companies lose the chance for an award?.
Answer: - Weren't innovative enough- Posed unacceptable risk- Priced too
high- Poorly executed capture and proposal activities
◍ What is the Technical Volume elements of a proposal?.
Answer: - A requirement-by-requirement narrative of how the offeror will
meet the requirement specified SOW or solution to PWS
◍ Exceptions to obtaining certified cost of pricing data IAW FAR 15.403-1(b)
are:.
Answer: - Adequate price competition- Prices set by law or regulation-
Commercial items- Waivers- Modifying a contract for a commercial item
◍ What are the specific dollar value thresholds that are associated with
, publicizing?.
Answer: - Micro-purchase thresholds and under: not advertised-
Micro-purchase to SAT:o Over 10K - 15K: advertise locallyo 15K - 25K:
public displayo Over 25K advertise on GPE- Over SAT: advertise on GPE
◍ Can the contracting officer limit the number of proposals in the competitive
range to the greatest number that will permit an efficient competition among
the most highly rated proposals?.
Answer: Yes, per FAR 52.215-1(f)(4), the RFP must clearly state that the
Government reserves the right to limit the competitive range for the
purposes of efficiency.
◍ What are types of inquiries you would receive during solicitation release?.
Answer: - something in the solicitation- General acquisition questions
◍ What are Price analysis and Cost analysis used to do?.
Answer: Price analysis is used to verify that the overall price offered is fair
and reasonableCost analysis is used to evaluate the reasonableness of
individual cost elements when certified cost or pricing data (CCPD) are
required.
◍ When calculating whether a contract action exceeds the current threshold,
the contracting officer must examine the total price adjustments being
completed under the contract action. Let's say we have a $500,000 contract
modification resulting from a reduction of $1,500,000 and an increase of
$1,000,000. What is the pricing adjustment and how does it relate to the
threshold?.
Answer: Price adjustment amounts completed under a contract modification
must consider both increases and decreases.This is a $2,500,000 pricing
adjustment exceeding the$2,000,000 threshold.
◍ Formal clearance and approval procedures occurs at multiple stages of
award. What is one thing that we do during pre-award to give industry heads
up?.
Answer: - Written acquisition plan approval- Draft RFP release- RFP
Release, etc.
, ◍ A direct cost is....
Answer: Any cost that can be identified specifically with a particular final
cost objective. In other words, a cost is considered a direct cost when the
cost cannot also be charged to another contract or effort other than the
contract to which it is being charged.
◍ Protests based on alleged apparent improprieties in a solicitation shall be
filed before
_____________________________________________________________.In
all other cases, protests shall be filed no later than ____ days after the basis
of the protest is known or should have been known, whichever is earlier.
Answer: bid opening or the closing date for receipt of proposals 10 days
◍ A cost is allowable only when the cost is: (3 things).
Answer: - Reasonable- Allocable- Determined to be Allowable
◍ What are some opportunity questions? (1208-1210;slide 37).
Answer: - Does the customer's budget allow for profitability?- Do they have
money?- Is there a sense of urgency to meet the need and is the timeline
reasonable?- Has the customer started to work on the procurement action?-
Does it fit our industry positioning?- Does it expand our service lines?- Is it
a relationship building opportunity/obligation?- Is this a short-term gain or
offer a long-term value opportunity?- Are our chances of winning good?
◍ The DoD's structured approach to profit analysis is called the.
Answer: Weighted Guidelines Method.
◍ The UCF (Uniform Contract Format) doesn't need to be used by who?.
Answer: - Construction and A-E contracts- Subsistence contracts- Supplies
or services contracts requiring special contract formats prescribed elsewhere
in this regulation that are inconsistent with the uniform format.- Letter
requests for proposals.- Contracts exempted by the agency head or designee.
◍ What is a written objection by an interested party to a solicitation,
cancellation of a solicitation, award, termination of award?.
Answer: Protest