CON 1400 Exam Newest Exam Complete Questions and Correct Answers with Rationales | Already Graded A+||Brand New Version!!

CON 1400 Exam Newest Exam Complete Questions and Correct Answers with Rationales | Already Graded A+||Brand New Version!! Post-Award Orientation 1. Can be _____ or _____ depending on the nature of the contract and intended performance 2. Has _____ universal format that must be followed 3. Should be as simple and precise as possible 4. Is key to achieve a clear and _____ of all contract requirements (ex. roles and suspense date) 5. Is key to identifying and resolving potential problems. - Answer- Simple complex no mutual understanding What function CANNOT be delegated by the KO? - Answer- Award, agree to, or execute a contract The KO cannot delegate the ability to obligate or de-obligate money According to FAR Part 42.302, which of the following functions does the Contracting Officer normally delegate to the Contract Admin Office (CAO)? - Answer- Contractor compensation Costs and payment Government property and surveillance and status reporting What is the contracting officer responsible for? - Answer- Performing all inspections and test required by the contract except those specifically reserved for performance by the Government Controlling the quality of supplies or services What is the least preferred type of contracting? What is the most preferred? - Answer- Advance Payments (Least preferred) Performance-based Payments (PBP) (Most Preferred) Payment is generally due within _____ days of invoice date or government acceptance and construction contracts within _____ days. Late payments accrue ______ due to the contractor. - Answer- 30 days, 14 days, interest The government has ____ days from receipt to notify the contractor if invoice is improper. This is also the same number of days that the government has to inspect and accept items. - Answer- 7 Days Make sure we have the right amount of _______ to pay the contractor for the right purpose. - Answer- money A _________________ Plan will help you develop and organize the communications strategy you'll need to keep your key stakeholders, customers, and acquisition team informed as you move thru the different phases of the service acquisition process. - Answer- Communication Plan How do we determine goods and services conform to contract requirements? - Answer- Within a reasonable period of time, the government reserves the right to inspect or test any supplies or services that have been sold, and upon satisfaction (they conform to the requirements of the contract) they will accept those items for payment Who has the responsibility for the acceptance of goods? - Answer- The government. Governments policy of providing government property? - Answer- FAR 45.104 Responsibility and liability for Government property. (a) Generally, contractors are not held liable for loss of Government property under the following types of contracts: (1) Cost-reimbursement contracts. (2) Time-and-material contracts. (3) Labor-hour contracts. (4) Fixed-price contracts awarded on the basis of submission of certified cost or pricing data. (b) The contracting officer may revoke the Government's assumption of risk when the property administrator determines that the contractor's property management practices are noncompliant with contract requirements. Risk triangle (Cost schedule performance) understand it: - Answer- Cost Risk. Cost risk is an escalation of project costs. Schedule Risk. Schedule risk is the risk that activities will take longer than expected and is typically the result of poor planning. Performance Risk. Performance risk is the risk that the project will fail to produce results consistent with project specifications. Evaluate tools to adjust risk, Monte Carlo, ect ect and what they address. - Answer- Sensitivity Analysis (scope risk) Monte Carlo Simulation (Random Simulation for schedule or cost risk) Symmetric Approximation (cost risk analysis tool that is often used to compute the probability of cost overruns and/or cost underruns given a point estimate) Who is responsible for executing tests and inspections required by the contract? - Answer- The contractor is responsible for: Performing all inspections and test required by the contract except those specifically reserved for performance by the Government Nonconformance -minor, major what are the remedies of major and minor non conformances? - Answer- -Minor Non-conformance -Accept the deliverable without consideration -Accept the deliverable with consideration -Major Non-conformance -Reject and obtain a no-cost correction/replacement -Reject and send cure notice How do CAOs do their surveillance? - Answer- The Contracting agency decides the level of surveillance based on consideration of the following factors: -Contract requirements for reporting production progress and performance -The contract performance schedule -The contractor's production plan -The contractor's history of contract performance -The contractor's experience with the contract supplies or services -The contractor's financial capability -Any supplementary written instructions from the contracting office In planning and conducting surveillance, contract administration offices shall make maximum use of any reliable contractor production control or data management system What are the methods of documenting and monitoring contractors performance? - Answer- Using the Contractor Performance Assessment Reporting System (CPARS) which is a web-enabled application that collects and manages the library of automated contractor performance assessment reports; it provides records of positive and negative performance on a given contractor during a specific period of time. This is a system that tracks contractor performance over time Does the government have the right to inspect? - Answer- Government has the right to inspect all materials and workmanship at any time, place where work on a contract is being performed