Contracting for the Rest of Us CLC 011

Which TWO choices are correct regarding contract financing? (Select two) a. For commercial items, contract financing is normally the Government’s responsibility b. For non-commercial items, the Federal Acquisition Regulation prohibits progress payments to contractors c. For non-commercial items, the Federal Acquisition Regulation permits progress payments to contractors d. For commercial items, contracting financing is normally the contractor’s responsibility 2. Federal regulations require that contracting officers publicize proposed contract actions expected to exceed which of the following dollar thresholds? a. 100,000 b. 500,000 c. 50,000 d. 25,000 3. Which one of the following is NOT an item that the Chairperson of the Source Selection Evaluation Board (SSEB) presents to the Source Selection Authority during a formal source selection? a. The Chairperson’s personal knowledge of the contractor’s performance on past contracts with which the Chairperson was associated b. The final rating for each evaluation factor and sub-factor c. A discussion of the associated strengths, weaknesses, deficiencies, and risks of the proposals d. The evaluated price 4. Alternate Disputes Resolution (ADR) procedures: a. Are permitted to be used by the Government only for resolution of disputes associated with contracts values over the simplified acquisition threshold b. Are permitted to be used by the Government only after the contractor has first taken a contract dispute to the Armed Services Board of Contracts Appeals c. Are permitted only in conjunction with a bilateral determination signed by both the Government contracting officer and the contractor’s representative d. Are the Government’s preferred method for dealing with a dispute with a contractor over a contract termination This study source was downloaded by from CourseH on :24:07 GMT -06:00 5. Which one of the following statements is TRUE? a. Market research is not necessary on non-commercial buys b. Good market research can help refine the requirements c. Market research should not be used to affect commercial competition d. Market research is best conducted by a contracting professional alone 6. Select the TWO statements from the choices below that are most accurate. (Select two): a. Contract bundling often results in an increase in revenue for small business b. Contract bundling often results in loss of revenue for small business c. Contract bundling often results in a less efficient award process for the Government d. Contract bundling often results in a more efficient award process for the Government 7. The Contracting Officer Representative (COR): a. Can be delegated the authority (in writing) to terminate the contract of a contractor that is not performing in accordance with contract requirements b. Can be delegated the authority (in writing) to make commitments and to obligate the Government to make changes to the contract c. Assists the contracting officer with ensuring that small businesses are awarded their fair share of contract awards d. Assists the contracting officer with ensuring that the contractor is performing the technical requirements of the contract 8. Which of the following is a characteristic common to fixed-price contract types? a. The contractor is obligated to provide “best effort” in attempting to perform the work b. The contractor is obligated to deliver a specific supply or service c. The contractor can increase its profit by increasing its costs of performing the work under the contract d. The Government is obligated to pay all reasonable costs incurred by the contractor 9. Cost analysis is: a. The review and evaluation of the bottom-line price in a offeror’s proposal b. The comparison of all offerors’ cost proposals to determine the correlation between their proposed profit rates c. The review and evaluation of the separate cost elements in a proposal, excluding profit d. The evaluation of the separate cost elements and profit in a offeror’s proposal This study source was downloaded by from CourseH on :24:07 GMT -06:00