CON 3 Exam.1 with well answered questions to pass!(verified answers)

A change to a contract is known as a contract _____________: Award Amendment Modification Termination Modification _________ ___________involves those activities performed by government officials after a contract has been awarded to determine how well the government and the contractor perform to meet the requirements of the contract. Contract Modification Contract Execution Contract Planning Contract Administration Contract Administration The act of approving an unauthorized commitment by an official that has the authority to do so is known as a/an: Award Ratification Amendment Lawful Purpose Ratification If the Government is trying to terminate a contract for convenience, the contractor has the right to recover: Performance costs up to the date of termination Termination expenses Profit or fee on the work performed All of the answers are correct All of the answers are correct The contracting officer has decided that a post award orientation conference is necessary for the recently awarded, complex production contract. What most likely led to his decision? There are indications that the contractor lacks a clear understanding of the contract's requirements. The contract work is relatively simple with no special or unusual requirements. The same Government and contractor personnel who worked the pre-award duties will also administer the contract The contractor now needs to change certain contract requirements There are indications that the contractor lacks a clear understanding of the contract's requirements. Which document, prepared by the government, helps a Contracting Officer's Representative assess the contractor's performance? DD 250 QASP Wide Area Workflow Determination and Findings QASP Contract financing enhances competition. TRUE FALSE TRUE The least preferred financing method is: Progress payments Performance Based Payment Advance payments Monthly payments Advance payments Agencies shall make their best efforts to resolve agency protests within ______days after the protest is filed. 10 25 30 35 35 Past performance information may be used in a source selection as a means of evaluating contractors. TRUE FALSE TRUE For a change to be made to a contract, the contracting officer must consider whether the change is within ___________. Jurisdiction The FAR The Budget Scope Scope There are __ elements of a legally binding contract. 4 5 6 2 6 A Termination for Cause is required when the government has issued a contract for commercial items and the contractor has failed to meet the terms and conditions of the contract. TRUE FALSE TRUE . An agreement that is not binding solely because the Government representative who made it lacked the authority to enter into that agreement is called a/an: Synopsis Contract Modification Unauthorized Commitment Unauthorized Commitment A party having the ability to understand and appreciate the terms and conditions of a contract is known as: Mutual Assent Consideration Capacity Coordination Capacity