CON 1400V Exam (Latest 2026/ 2027
Update) Questions and Verified Answers-
100% Correct- Grade A
Which of the following is a key element of a contract administration plan?
A listing of contract terms and conditions related to administration
Contractor performance milestones
Names, positions, authorities, and limitations of authority for contract administration
team members
All of the above -CORRECTANSWER All of the above
The first task in the contract administration process is to:
Review the contract file to identify critical contract requirements and clauses
Debrief all offerors not selected for award
Develop a contract administration plan
Request that the contractor sign a release of claims -CORRECTANSWER Review the
contract file to identify critical contract requirements and clauses
Generally, government contracts do not hold contractors liable for loss of government
property if the property is provided under which contract?
,Contracts for commercial products and commercial services
Contracts with educational institutions
Cost-reimbursement contracts
Contracts that do not exceed the simplified acquisition threshold -CORRECTANSWER
Cost-reimbursement contracts
True or false: It is the contracting officer's responsibility to identify and demand payment
of contractor debt.
True
False -CORRECTANSWER True
What part of the FAR identifies the required contract file documentation?
FAR 4.804
FAR 4.803
FAR Subpart 4.7
FAR Subpart 4.6 -CORRECTANSWER FAR 4.803
Before exercising an option, what must the contracting officer determine?
Funds are available
The option was synopsized in accordance with FAR Part 5
, The requirement covered by the option fulfills an existing government need
All of the above -CORRECTANSWER All of the above
What process is described in the following statement?
Using the technical specifications, COR, or in plant QAS inspects to ensure
supplies/services meet contract requirements.
Government quality assurance
Contractor performance
Government Acceptance
Contractor invoice review -CORRECTANSWER Government quality assurance
Who are key stakeholders for a federal contract or program?
The program manager, the contracting officer, and the PCO
Only the contracting officer and contracting officer's representative
Only the procuring contracting officer (PCO) and the administrative contracting officer
(ACO)
None of the above -CORRECTANSWER The program manager, the contracting officer,
and the PCO
Update) Questions and Verified Answers-
100% Correct- Grade A
Which of the following is a key element of a contract administration plan?
A listing of contract terms and conditions related to administration
Contractor performance milestones
Names, positions, authorities, and limitations of authority for contract administration
team members
All of the above -CORRECTANSWER All of the above
The first task in the contract administration process is to:
Review the contract file to identify critical contract requirements and clauses
Debrief all offerors not selected for award
Develop a contract administration plan
Request that the contractor sign a release of claims -CORRECTANSWER Review the
contract file to identify critical contract requirements and clauses
Generally, government contracts do not hold contractors liable for loss of government
property if the property is provided under which contract?
,Contracts for commercial products and commercial services
Contracts with educational institutions
Cost-reimbursement contracts
Contracts that do not exceed the simplified acquisition threshold -CORRECTANSWER
Cost-reimbursement contracts
True or false: It is the contracting officer's responsibility to identify and demand payment
of contractor debt.
True
False -CORRECTANSWER True
What part of the FAR identifies the required contract file documentation?
FAR 4.804
FAR 4.803
FAR Subpart 4.7
FAR Subpart 4.6 -CORRECTANSWER FAR 4.803
Before exercising an option, what must the contracting officer determine?
Funds are available
The option was synopsized in accordance with FAR Part 5
, The requirement covered by the option fulfills an existing government need
All of the above -CORRECTANSWER All of the above
What process is described in the following statement?
Using the technical specifications, COR, or in plant QAS inspects to ensure
supplies/services meet contract requirements.
Government quality assurance
Contractor performance
Government Acceptance
Contractor invoice review -CORRECTANSWER Government quality assurance
Who are key stakeholders for a federal contract or program?
The program manager, the contracting officer, and the PCO
Only the contracting officer and contracting officer's representative
Only the procuring contracting officer (PCO) and the administrative contracting officer
(ACO)
None of the above -CORRECTANSWER The program manager, the contracting officer,
and the PCO
