CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
When is a contract considered physically complete? -
ANSWERSthe KTR has completed required deliveries and
Gov has inspected and accepted the supplies
The contractor has performed all services and the Gov has
accepted the services and
all option provisions, if any, have expired
or the Gov gives the KTR notice of termination
What are the steps to close out a contract file? - ANSWERS1)
Contract admin office is responsible for initiating, reviewing
contract fund status, and deobligating excess funds
2)KO issues a contract completions statement
3) KO files completed statement and signed copy send to
admin office
fixed price incetive contract - ANSWERSFP that provide for
the adjustment of profit and establishment of the final contract
price by a formula based on the relationship of final
negotiated cost to total target cost
Changes clause permits - ANSWERSKO to make unilateral
changes in general scope of contract
Change order is - ANSWERSan order from KO to change
performance
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
KTR is required to do so unless cost reimbursement or inc
funding contract
Cost reimbursment or incrementally funded contracts the
KTR is not obligated to - ANSWERScontinue perofrmane or
incur cots beyond limits of limitations of cost /funds clause
chagne within scope is change order, out of scope change is -
ANSWERSbilateral agreement
are all commercial changes bilateral? - ANSWERSyes
decision time limits for claims - ANSWERS100k or less, 60
days after reciebing request from KTR that decision be
rendered or reasonable time
100k or more 60 days or less after receiving certified claim
contractors can appeal KO decisions with the -
ANSWERSANGENCY boards of contract appeals
the dispute statue authorizes agencies to require a contractor -
ANSWERSto continue performance in accordance with the
KO's decisions pending relosuing of any claim related to the
contract
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
should the TCO allow profit if it appears that the KTR would
have incurred a loss had the entire contract been completed -
ANSWERSno
use of the inventory basis for settlement proposals is preferred
- ANSWERScontract my propose only costs allocable to the
terminated portion of the contract and settlement proposal
must itemize each cost item separately
When can a certificate of conformance be used instead of
source inspection? - ANSWERSin the best interest of the
government
small losses would be incurred in event of defect
KTR has good repuation and its likely any defective item
would be replaced
When does title to supplies pass to the Government? -
ANSWERSupon formal acceptance
responsibility of risk of loss or damage to supplies remains
with the contractor until - ANSWERSdelivery of supplies to a
carrier (f.o.b. origin) or acceptance by the Government or
deliver of supplies to destination
What is an excusable delay? - ANSWERSthe KTR shall not
be in default because of any failure to perform the contract
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
under its terms if the failure arises from causes beyond the
control and without fault or negligence of the Contractor,
except for defaults of subcontractors at any tier
when should an excusable delay be prescribed? -
ANSWERSin solicitation and contract for supplies, services,
construction, and r&d on a fee basis whenever a cost
reimbursement, T&M, and labor hour contract is
contemplated
what are some examples of excusable delays? -
ANSWERSacts of god or public enemy
acts of Gov
fires, floods, epidemics, quarantine restrictions, strikes
freight embargoes
unusually severe weather
What does default mean - ANSWERSfailure to make progress
in the work so as to endanger performance
When would a contractor still be in default even if there was
an excusable delay? - ANSWERSthe subcontracted supplies
or services were obtainable from other sources
the KO ordered the KTR in writing to purchase these supplies
or services from the other source
VERIFIED CORRECT ANSWERS GRADE A+
When is a contract considered physically complete? -
ANSWERSthe KTR has completed required deliveries and
Gov has inspected and accepted the supplies
The contractor has performed all services and the Gov has
accepted the services and
all option provisions, if any, have expired
or the Gov gives the KTR notice of termination
What are the steps to close out a contract file? - ANSWERS1)
Contract admin office is responsible for initiating, reviewing
contract fund status, and deobligating excess funds
2)KO issues a contract completions statement
3) KO files completed statement and signed copy send to
admin office
fixed price incetive contract - ANSWERSFP that provide for
the adjustment of profit and establishment of the final contract
price by a formula based on the relationship of final
negotiated cost to total target cost
Changes clause permits - ANSWERSKO to make unilateral
changes in general scope of contract
Change order is - ANSWERSan order from KO to change
performance
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
KTR is required to do so unless cost reimbursement or inc
funding contract
Cost reimbursment or incrementally funded contracts the
KTR is not obligated to - ANSWERScontinue perofrmane or
incur cots beyond limits of limitations of cost /funds clause
chagne within scope is change order, out of scope change is -
ANSWERSbilateral agreement
are all commercial changes bilateral? - ANSWERSyes
decision time limits for claims - ANSWERS100k or less, 60
days after reciebing request from KTR that decision be
rendered or reasonable time
100k or more 60 days or less after receiving certified claim
contractors can appeal KO decisions with the -
ANSWERSANGENCY boards of contract appeals
the dispute statue authorizes agencies to require a contractor -
ANSWERSto continue performance in accordance with the
KO's decisions pending relosuing of any claim related to the
contract
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
should the TCO allow profit if it appears that the KTR would
have incurred a loss had the entire contract been completed -
ANSWERSno
use of the inventory basis for settlement proposals is preferred
- ANSWERScontract my propose only costs allocable to the
terminated portion of the contract and settlement proposal
must itemize each cost item separately
When can a certificate of conformance be used instead of
source inspection? - ANSWERSin the best interest of the
government
small losses would be incurred in event of defect
KTR has good repuation and its likely any defective item
would be replaced
When does title to supplies pass to the Government? -
ANSWERSupon formal acceptance
responsibility of risk of loss or damage to supplies remains
with the contractor until - ANSWERSdelivery of supplies to a
carrier (f.o.b. origin) or acceptance by the Government or
deliver of supplies to destination
What is an excusable delay? - ANSWERSthe KTR shall not
be in default because of any failure to perform the contract
, CON 3990 EXAM (ACTUAL 2024-2025) WITH
VERIFIED CORRECT ANSWERS GRADE A+
under its terms if the failure arises from causes beyond the
control and without fault or negligence of the Contractor,
except for defaults of subcontractors at any tier
when should an excusable delay be prescribed? -
ANSWERSin solicitation and contract for supplies, services,
construction, and r&d on a fee basis whenever a cost
reimbursement, T&M, and labor hour contract is
contemplated
what are some examples of excusable delays? -
ANSWERSacts of god or public enemy
acts of Gov
fires, floods, epidemics, quarantine restrictions, strikes
freight embargoes
unusually severe weather
What does default mean - ANSWERSfailure to make progress
in the work so as to endanger performance
When would a contractor still be in default even if there was
an excusable delay? - ANSWERSthe subcontracted supplies
or services were obtainable from other sources
the KO ordered the KTR in writing to purchase these supplies
or services from the other source
