CON 290 Exam 1 ALL ANSWERS 100% CORRECT FALL-2021 SOLUTION GUARANTEED GRADED A+

Joseph is the contracting officer on an R&D Cost Plus Fixed Fee (CPFF) “completion form” contract with an estimated cost of $100,000. The negotiated fee is $12,000, or 12% of estimated cost. The contractor has advised Joseph that they anticipate it will actually cost $110,000 to complete the work and the Government has increased funding accordingly. What final price will Joseph pay upon successful completion of this effort, assuming final allowable cost comes in at $110,000? Selected Answer: $123,2 00 Correct Answer: $122,0 00 • Question 2 8-2 Under a CPFF contract, the final amount that will be paid is: Selected Answer: Allowable incurred cost plus a fixed fee 2 out of 2 points Correct Answer: Allowable incurred cost plus a fixed fee • Question 3 0 out of 2 points4-3 As part of an internal contract review, Edward finds a contract that was solicited under “other than full and open competition”. He locates the Justification & Approval file and finds the Contracting Officer identified FAR 6.302-1 and FAR 6.302- 2 listed as the justification. Which of the following statements is true regarding this justification? Selected Answer: This is compliant with FAR subpart 6.3. Correct Answer: The use of these two exceptions is a violation of FAR subpart 6.3. • Question 4 2 out of 2 points 7-4 Given an acquisition setting where there are highly uncertain and speculative labor hours, an uncertain labor mix, and/or speculative material requirements necessary to perform the contract, which contract type would be most appropriate? Selected Answer: Cost plus fixed fee Correct Answer: Cost plus fixed fee • Question 5 8-5 2 out of 2 points You are in the process of negotiating a CPFF completion type contract for a new gun turret. You intend to provide Government-furnished property (GFP) for some of the required equipment. The contractor objects, stating that reliance on GFP could affect its ability to deliver a working turret within the contract schedule. How should you respond? Selected Answer: Point out that FAR 52.245-1, “Government Property” allows the contractor to request equitable adjustment for cost or schedule impacts caused by Government provision of GFP. Correct Answer: Point out that FAR 52.245-1, “Government Property” allows the contractor to request equitable adjustment for cost or schedule impacts caused by Government provision of GFP. • Question 6 2 out of 2 points 10-8 You are evaluating a proposal that requires an analysis of Facilities Capital Cost of Money (FCCOM). Using the following information, as appropriate, calculate the Facilities Capital Employed amount. (Use DD Form 1861 for FCCOM.) Company-wide allocation base for Engineering Overhead pool: $12,700,000Company-wide allocation base for G&A expense pool: $29,490,000 Your pre-negotiation objective allocation base for Engineering Overhead pool: $1,300,000 Your pre-negotiation objective allocation base for G&A expense pool: $2,211,750 Engineering Overhead factor: 0. G&A factor: 0. Treasury Rate: 3.9% Selected Answer: $3,737,0 00 Correct Answer: $3,737,0 00 • Question 7 12-2 Recall the Nanotech proposal of record as follows: 2 out of 2 points Material 559,200 Labor 565,760 1,840,90 ODC 9 Misc ODC (3.9%) 71,795 3,037,66 Subtotal 4 2,232,68 G&A 73.5% 3 5,270,34 Subtotal Cost 7 1,054,06 Fee 20.0% 9 FCCOM 15,674 6,340,09 Total 0 Nanotech’s proposal included a 3.9% Miscellaneous ODC factor applied to all ODC costs. The PDI license fee of $1,000,000 was also included as an ODC. If the Government negotiates a license with PDI directly and provides the sensor technical data package as GFP to Nanotech, by how much would Nanotech's proposal decrease? (NOTE: Since you do not have the tools to recalculate FCCOM, keep FCCOM at $15,674 for your calculation.) Selected Answer: $2,163,198 Correct Answer: $2,163,1 98 • Question 8 8-7 2 out of 2 points You are preparing to issue a competitive RFP for a contract to produce a new sensor using a design recently developed under Government contract by Big Country Sensors (BCS). A potential contractor objects that BCS must be excluded from the competition in accordance with FAR subpart 9.5 because it developed the design. How should you respond? Selected Answer: Permit BCS to participate because, even though they have a competitive advantage, it is an unavoidable one that is not considered unfair. Correct Answer: Permit BCS to participate because, even though they have a competitive advantage, it is an unavoidable one that is not considered unfair. • Question 9 2 out of 2 points 11-1 You are a government negotiator and are conducting an acquisition under FAR part 15. During negotiations with the contractor, a back and forth exchange of a specific element of cost prompts the contractor to ask for your dollar position on this cost element. Not wanting to give up too much ground you recheck your analysis on the cost element and verbally communicate your low prediction interval calculation. This position represents . Selected Answer: an anchor for this cost element Correct Answer: an anchor for this cost element • Question 10 9-1 2 out of 2 points You are preparing to negotiate a contract with Kennedy Corporation to design a new sensor for the Protectorate program office as part of a subsystem for a major weapon system. The sensor design will include use of a necessary, proprietary battery pack developed by Kennedy. What DoD policy considerations apply to negotiating data rights for the battery pack? Selected Answer: Negotiate only the data rights necessary to satisfy agency needs.Correct Answer: Negotiate only the data rights necessary to satisfy agency needs. • Question 11 13-1 In which of the following circumstances would the use of “fact-finding” be appropriate? Selected Answer: In non-competitive environments after receipt of proposals but before negotiations 2 out of 2 points Correct Answer: In non-competitive environments after receipt of proposals but before negotiations • Question 12 5-2 2 out of 2 points Mary Jane has requested Conrad Corporation submit a qualifying proposal in order to definitize an outstanding undefinitized contract action (UCA). Conrad has not responded. What DFARS UCA restriction will Mary Jane follow if Conrad fails to provide a qualifying proposal? Selected Answer: Shall not obligate more than 50 percent of the notto-exceed price Correct Answer: Shall not obligate more than 50 percent of the notto-exceed price • Question 13 10-13 2 out of 2 points As you are evaluating a proposed price for a handheld control display module, you plot the prices for similar items and find a skewed distribution of the data. What does a skewed distribution indicate in contract pricing? Selected Answer: An outlier which would cause us to choose the median as the estimated price. Correct Answer: An outlier which would cause us to choose the median as the estimated price. • Question 14 2 out of 2 points 10-13 When evaluating the proposed price for a programmable biomolecular isothermal sensor, you find there are multiple items in the marketplace that meet the specification. Given the following prices, select the most appropriate measure of central tendency you should use to identify a fair and reasonable price. Assume quantities are similar and all given prices are reasonable and current. Item Pric