FAC-C EXAM || QUESTIONS AND
ANSWERS 2026 VERIFIED.
Each authority is delegable unless specifically stated otherwise - ANS True
There are 53 parts of the FAR - ANS True
The contracting administration is responsible for initiating administrative closeout of the
contract after receiving... - ANS Evidence of its physical completion
Agencies are required to hold contract files in the office responsible for maintaining them for... -
ANS A period of 12 months
A contract is considered physically complete when the contractor has completed all required
deliveries and/or performed all services and these services and/or items have been accepted by
the Government. If the contract has options, then all options have also been expired. -
ANS True
Files for contracts requiring settlement of indirect cost rates should be closed within 36 months
of the month in which the contracting officer receives evidence of physical completion -
ANS True
Files for firm-fixed price contracts, other than those using simplified acquisition procedures,
should be closed within 6 months after the date on which the contracting officer receives
evidence of physical completion - ANS True
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 2
ANSWERS 2026 VERIFIED.
Each authority is delegable unless specifically stated otherwise - ANS True
There are 53 parts of the FAR - ANS True
The contracting administration is responsible for initiating administrative closeout of the
contract after receiving... - ANS Evidence of its physical completion
Agencies are required to hold contract files in the office responsible for maintaining them for... -
ANS A period of 12 months
A contract is considered physically complete when the contractor has completed all required
deliveries and/or performed all services and these services and/or items have been accepted by
the Government. If the contract has options, then all options have also been expired. -
ANS True
Files for contracts requiring settlement of indirect cost rates should be closed within 36 months
of the month in which the contracting officer receives evidence of physical completion -
ANS True
Files for firm-fixed price contracts, other than those using simplified acquisition procedures,
should be closed within 6 months after the date on which the contracting officer receives
evidence of physical completion - ANS True
@COPYRIGHT ALL RIGHTS RESERVED PAGE 1 OF 2
