CON 2370 Simplified Acquisition Procedures for SPIPC Exam Questions and Answer

CON 2370 Simplified Acquisition Procedures for SPIPC Exam Questions and Answer T01.E06 You have a requirement for water restoration services at your base in Louisiana. Three services are of a type sold competitively in substantial quantities in the commercial marketplace base on market prices. The estimated dollar value of the acquisition is $1,250,000. Which of the following is true? - CORRECT ANSWER-the use of simplified acquisition procedures is authorized. T03.E03a You are the contracting office for a firm-fixed-price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the user complains that the goods are not functioning as expected. You Investigate and determine that the items are not fully compliant with the specification in the contract. who would bear the cost of correcting the nonconforming supplies that were accepted by the Government? - CORRECT ANSWER-The Contractor T02.E05b You just made a purchase for supplies in the amount of $22,300. You solicited quotations orally from four local sources. Which of the following statements is correct regarding providing notice to the unsuccessful suppliers? - CORRECT ANSWER-Notice to the unsuccessful suppliers will only be given if requested. T02.E04 You are the contracting officer for a requirement for commercial services with and estimated value of $780,000. Four quotations were received in response to the solicitation and market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate? - CORRECT ANSWERMarket research must be conducted or obtained to support the fair and reasonable determination. T03.E02 You are the contracting officer for a firm-fixed-priced services contract valued at $105,975. Which one of the following statements about closeout is correct? - CORRECT ANSWER-The contract is considered closed once you've received evidence of receipt of service and final payment