QUESTIONS |GUARANTEED ACCURATE
ANSWERS-VERSION 2026\27 |COMPLETE
The contracting lifecycle consists of three phases: -Accurate answer Preaward,
award, & postaward
The preaward phase involves: -Accurate answer All the work performed by both
the buyer (Government or prime contractor) and seller (contractor or subcontractor
in communicating the buyer's requirements and providing a solution to those
requirements.
Typically start befor the contracting process: -Accurate answer Requirements
definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities: -Accurate answer Develop
solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must: -Accurate answer Assess the
need, analyze the requirement, ensure contract outcomes will be measurable and
properly incentivized, and verify the availability of funds.
What two FAR parts are key resources in developing the solicitation? -Accurate
answer FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Buying activities must conduct ___ to identify potential suppliers, evaluate if the
requirement is achievable, and perform any pre-offer conferences or
communication. -Accurate answer Market Research
,What FAR part is a key resource for conducting Market Research? -Accurate
answer FAR Part 10 Market Research
How do buying activities analyze risk? -Accurate answer Performing make or buy
decisions; conducting a supply or services determination; and understanding the
required schedule or needs of the customer including the need for property
(including intellectual property).
What FAR/DFARS resources can assist in analyzing risks? -Accurate answer FAR
15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
Primary FAR resource for information about contract types: -Accurate answer
FAR Part 16 Types of Contracts
Which FAR Part addresses publicizing contract actions? -Accurate answer FAR
Part 5
What is the second phase of the contract lifecycle? -Accurate answer Contract
Award
What is the one activity in the award phase? -Accurate answer Form contract
When it receives offers, the buying activity (Government) must: -Accurate answer
Analyze proposals in terms of risk, review for price reasonableness, and document
results of the analysis.
,FAR Part ___, ___ ___ gives guidance that can be generalized for contract methods
beyond those covered by the rest of FAR Part 15. -Accurate answer 15.404,
Proposal Analysis
To plan for negotiations, the buying activity may ask for ___ from offerors and
then develop ___ ___. -Accurate answer Clarification, negotiation objectives.
In all cases, ___ must explain the process that arrived at an offeror being awarded a
contract. -Accurate answer Documentation
What FAR/DFARS Parts discuss the protest processes? -Accurate answer FAR
Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___. -Accurate answer Postaward
The postaward phase involves: -Accurate answer All the work performed by both
the buyer and seller during contract performance, to include changes to the
contract, contract closeout, and sometimes termination of a contract.
The postaward phase (sometimes referred to as contract administration) consists of
two primary activities: -Accurate answer Perform contract and close contract.
Perform contract involves monitoring risk and assessing its impact on contract
performance, ensuring compliance with: -Accurate answer Contractual terms and
conditions; contract technical requirements during contract performance up to
contract closeout or termination.
What two parties must administer the contract? -Accurate answer Buyer and seller.
, Contract administration requires: -Accurate answer Continuous documentation
throughout the life of the contract and depends on good communication, funds
management, and assessing seller performance.
Which FAR/DFARS Part outlines the vast array of postaward activities and
responsibilities? -Accurate answer FAR Part 42 Contract Administration and Audit
Services; DFARS Part 242.
Quality includes: -Accurate answer Schedule, cost, and delivery of services or
items.
Whose responsibility is quality? -Accurate answer The seller.
Which FAR Part gives important guidance for planning and ensuring successful
contract performance? -Accurate answer FAR Part 46 Quality Assurance
The supply chain consists of a network of: -Accurate answer Subcontractors,
vendors, and other service/item providers to the seller or prime contractor.
Which FAR/DFARS Part covers policies and procedures as they relate to
subcontractors? -Accurate answer FAR Part 44 Subcontracting Policies and
Procedures
Which FAR Part covers changes to contracts? -Accurate answer FAR Part 43
Contract Modifications