WARRANT BOARD QUESTIONS &
ANSWERS (RATED A+)
Explain the "Bona Fide Needs" rule. - ANSWERRequires appropriated funds be
used only for goods and services for which a need arises during the period of that
appropriations availability for obligation
Why is Contract closeout so important? What actions need to be taken in closeout? -
ANSWERFAR 4.
It closes the Contract.
Identify and resolve any outstanding Contractual issues ensuring each party has met
all Contractual obligations
What is an unauthorized commitment?
What steps do you take in evaluating, processing and approving an unauthorized
commitment? - ANSWERFAR 1.602-3
Commercial acquisitions are streamlines, combined synopsis/solicitation, no need to
publicize 15 days prior, fair and reasonable is typically easier, streamlined
evaluation, price technical past performance.
Specific clauses, FFP w/exceptions
Non-commercial=Less streamlined
Best value approach needs to be determined, LPTA vs Trade off, UCF, more
clauses, source selections, certified cost of pricing required
When is certified cost and pricing data required? What are the exceptions to certified
cost and pricing data? - ANSWERCertified cost and pricing data is required over
$2M used in sole-source or when unusual market forces such as one bidder, gov't
unique item. Exceptions Competition, Commercial or Waiver
An Agreement not binding because the person who entered into agreement lacked
the authority to do so.
1. Supplies/Services have been provided and accepted
2. Contract would have been proper if made by a KO
3. KO determines it fair and reasonable and recommends payment
4. Funder were available at the time of UCA
File will include facts of the case, measures taken to prevent reoccurrence and
disciplinary action taken Funding and purchase description
up to $10K Division Chief or Director
$10K-$100K SCO
Over $100K HCA
ANSWERS (RATED A+)
Explain the "Bona Fide Needs" rule. - ANSWERRequires appropriated funds be
used only for goods and services for which a need arises during the period of that
appropriations availability for obligation
Why is Contract closeout so important? What actions need to be taken in closeout? -
ANSWERFAR 4.
It closes the Contract.
Identify and resolve any outstanding Contractual issues ensuring each party has met
all Contractual obligations
What is an unauthorized commitment?
What steps do you take in evaluating, processing and approving an unauthorized
commitment? - ANSWERFAR 1.602-3
Commercial acquisitions are streamlines, combined synopsis/solicitation, no need to
publicize 15 days prior, fair and reasonable is typically easier, streamlined
evaluation, price technical past performance.
Specific clauses, FFP w/exceptions
Non-commercial=Less streamlined
Best value approach needs to be determined, LPTA vs Trade off, UCF, more
clauses, source selections, certified cost of pricing required
When is certified cost and pricing data required? What are the exceptions to certified
cost and pricing data? - ANSWERCertified cost and pricing data is required over
$2M used in sole-source or when unusual market forces such as one bidder, gov't
unique item. Exceptions Competition, Commercial or Waiver
An Agreement not binding because the person who entered into agreement lacked
the authority to do so.
1. Supplies/Services have been provided and accepted
2. Contract would have been proper if made by a KO
3. KO determines it fair and reasonable and recommends payment
4. Funder were available at the time of UCA
File will include facts of the case, measures taken to prevent reoccurrence and
disciplinary action taken Funding and purchase description
up to $10K Division Chief or Director
$10K-$100K SCO
Over $100K HCA
