CONT 1300 EXAM REVIEW QUESTIONS WITH CORRECT ANSWERS 2026

CONT 1300 EXAM REVIEW QUESTIONS
WITH CORRECT ANSWERS 2026
Offer - CORRECT ANSWER -
A response to a solicitation that, if accepted, would bind the offeror to perform the resultant contract.



Two Types of Offers - CORRECT ANSWER -1. Bid -
An offer to perform the work described in a contract at a specified cost. Government bids are generally
cost-specific, based on the cost of labor, materials, profit, and overhead

2. Proposal -
A government proposal, sometimes called a government contract proposal, is a response written by a
private company to a public government agency for the purchasing of goods or services



Quote - CORRECT ANSWER -Used to obtain pricing for a specific number of well-
defined items (This is a quotation, not an Offer)



Solicitations - CORRECT ANSWER -
Used in negotiated acquisitions to communicate your requirements to prospective contractors and to so
licit proposals



The Lowest Price Technically Acceptable (LPTA) includes - CORRECT ANSWER -
1. Evaluation factors and sub factors shall be in the solicitation

2. Based on Lowest Price and Technically Acceptable Offer

3. Solicitations shall specify that award will be made on basis of LPTA



Risk - CORRECT ANSWER -
A measure of future uncertainties in achieving program goals and objectives within defined cost, sched
ule, and performance constraints



Key Risk elements of a Contract - CORRECT ANSWER -Cost, Schedule, and Performance



Cost risk - CORRECT ANSWER -
An escalation of project costs. It is the risk that the project will cost more than the budget allocated for

, it. Perhaps the most common project risk, cost risk is due to poor budget planning, inaccurate cost esti mating
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, and scope creep
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Schedule risk - CORRECT ANSWER - X2 X2 X2 X2 X2




Activities will take longer than expected and is typically the result of poor planning or unforeseen circu mstanc
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es.



Performance risk - CORRECT ANSWER - X2 X2 X2 X2 X2




The riskVthat the project will fail to produce results consistent with project specifications.
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Proposal analysis is done by a contracting officer to determine proposed prices to be
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in all contrac
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t actions - CORRECT ANSWER -Fair and Reasonable
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Proposal Analysis Techniques - CORRECT ANSWER -1. Price
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2. Cost

3. Cost Realism X2




4. Technical Analysis X2




5. Unit Pricing and Unbalanced Pricing
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Cost Realism Analysis - CORRECT ANSWER -
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The process of independently reviewing and evaluating specific elements of each offeror's proposed cos t
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estimate to determine whether the estimated proposed cost elements
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Direct Cost - CORRECT ANSWER -Any cost directly identified with a single, final cost objective
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Indirect Cost - CORRECT ANSWER - X2 X2 X2 X2 X2




Any cost not directly identified with a single, final cost objective, but identified with two or more final c os
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t objectives or with at least one intermediate cost objective
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Cost realism may be used for fixed price contracts when - CORRECT ANSWER -
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1. New requirements may not be fully understood by competing offerors
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2. There are quality concerns X2 X2 X2