BUNDLE PACKAGE) Questions and Verified Answers-
100% Correct-Grade A
Contract Execution - ANSWERBegins with the actual signing of the contract and
continues until all parties have completed their obligations under the contract
Contract Performance - ANSWERPerformance is a key part of contract execution.
Contract Performance consists of the actions each party takes to fulfill the
requirements of the contract
Post-Award - ANSWERPost-award is technically everything related to the contractual
action that occurs after the contract is awarded
Contract Administration - ANSWERThe plans, procedures and functions to ensure
contract performance complies with the terms and conditions of the contract
Contract Administration (Post-Award) - ANSWERContract Administration functions as
those that are strictly Post-Award (directly related to the execution of a specific
contractual action, acceptance, payments, etc.)
Contract Administration (General) - ANSWERContract administration functions that
are continual or not necessarily specifically related to the execution of a definitive
contract or agreement
What are the two general categories of contract administration? - ANSWERØ1. Post-
Award Contract Administration Directly Related to Specific Contract Execution
Ø2. Contract Administration Services
Categories of acquisitions and impact admin and post award are broken down
into________________ - ANSWERSupplies, Services, and Construction
The COR's key role is to (blank), document, and communicate. - ANSWERObserve
Post Award Orientation is covered in what part of the FAR? - ANSWERFAR 42.5
True or False: In post award orientation, a universal format must be followed. -
ANSWERFalse
True or False: Post award orientation should be kept as simple and precise as
possible. - ANSWERTrue
What is the importance of the post award orientation? - ANSWER"(a) A post‐award
orientation aids both government and contractor personnel to (1) achieve a clear
and mutual understanding of all contract requirements, and (2) identify and resolve
potential problems. However, it is not a substitute for the contractor's fully
, understanding the work requirements at the time offers are submitted, nor is it to be
used to alter the final agreement arrived at in any negotiations leading to contract
award". - FAR 42.501
What two ways can KO's delegate contract administration or specialized support
services? - ANSWER1. Interagency Agreement
2. Direct Request to the cognizant contract administration office (CAO)
What should be included in the CAO delegation? - ANSWER(1) The name and address
of the CAO designated to perform the administration (this information also shall be
entered in the contract);
(2) Any special instructions, including any functions withheld or any specific
authorization to perform functions listed in FAR 42.302(b);
(3) A copy of the contract to be administered; and
(4) Copies of all contracting agency regulations or directives that are-
(i) Incorporated into the contract by reference; or
(ii) Otherwise necessary to administer the contract, unless copies have been
provided previously.
(b) Special instructions. As necessary, the Contracting Officer also shall advise the
contractor (and other activities as appropriate) of any functions withheld from or
additional functions delegated to the Contract Administration Office (CAO)
The KO may retain any of the 72 functions except: - ANSWERForward pricing rate
agreements
Final indirect rates and billing rates
Adequacy of CAS disclosure statements
What functions cannot be delegated by the PCO? - ANSWERAward, agree to, or
execute a contract
Authorize work outside the scope of the contract
Authorize a constructive change
Obligate, in any way, the payment of money by the Government
Give direction to the contractor, except as provided in the contract, or as
modified
Resolve any dispute concerning a question of law or fact arising under
the contract
Re-delegate any assigned duties unless specifically authorized to do so
Cause the contractor to incur costs not specifically covered by the
contract with the expectation that such costs will be reimbursed by the
Government
What is one of the overarching goals during contract execution? -
ANSWERDeliverable Management
During oversight, each system should enable the contractor/seller to? - ANSWERPlan
for