Contracting Officer warrant board 2025/2026 Actual Complete
Real Exam Questions And Correct Well Elaborated Answers
|100% Verified solutions | Already Verified Test | Already
Graded A+ / 2025 Latest Exam Version!!
How would you address consideration on a Fixed Price type
contract being modified to include additional Government
Furnished Property (GFP) (e.g., not part of the original
contract), and what is your reasoning? - ANSWER-After
determining the estimated value of the GFP, you would add
something of value to the contract (i.e., additional within scope
capability, an additional study, additional hours) in order to re-
establish the original "balance" of the contractual
consideration.
How would you address consideration on a Cost type contract
being modified to include additional GFP (e.g., not part of the
original contract), and what is your reasoning? - ANSWER-
Textbook answer and preference is to reduce the base fee.
After determining the estimated value of the GFP, you would
,get a reduction in the base fee on a cost type contract (if there
is a base fee). This is because the GFP, in effect, reduces the
estimated cost of the contract and therefore the fee associated
with it should also be reduced. This re-establishes the original
"balance" of the contractual consideration. In real life, if the
value of the GFP is nominal and it is impractical to reduce the
fee - you have a few other alternatives: requesting something of
nominal value (additional copies of a report), documenting the
file that your product will be enhanced given the use of GFP or
document the file that consideration was obtained through
"cost avoidance" (over-run for example). Bottom Line:
consideration is required on both a FFP and Cost type contract,
however since the government actually funds its own
consideration in a cost-type environment it if far less critical of
an issue than supplying GFP in a FFP environment without
"adequate" consideration.
Assume you are assigned to a new program and that you are
trying to determine feasible acquisition strategies. In what
areas can Market Research help? - ANSWER-Some of the
strategy considerations Market Research can help with are:
whether to buy Commercial or Non-Developmental Items, use
FAR Part 12 or 15, go competitive or sole-source, decide if the
contract will be cost type or fixed price, decide if there will be
an incentive or award fee, and evaluation criteria.
,What does the term "Equitable Adjustment" mean to you? -
ANSWER-The definition from the Government Contract Law
textbook states: "The concept of "equitable adjustment" is one
of the larger unresolved issues in Government contracting.
Although the phrase appears expressly or implicitly in the
"adjustment clauses" e.g., the determination of what
constitutes an equitable adjustment has not been objectively
quantified by the regulation. The term "equitable adjustment" is
construed as a "fair", "reasonable", "just", or "right"
arrangement or settlement. As mentioned above, in
Government contracts this involves a determination as to an
adjustment of the contract price, the period of performance, or
both."
List some of the ways the Contracting Officer should involve
the Small Business Office (ASC/BC) and the SBA early and
often in the acquisition process in order to insure maximum
opportunities, including subcontracting opportunities, for
Small Businesses. - ANSWER-(FAR 19.201 & 19.202)
1) The local Small Business office gets involved early in that
they must coordinate on all synopses prior to publication. This
includes Sources Sought and Pre-Solicitation Synopses.
, 2) A Small Business Procurement Representative should be
invited to participate in early strategy sessions and Acquisition
Strategy Panel (ASP) if appropriate for the acquisition.
3) The Small Business Specialist and an SBA representative
must review all
acquisitions in excess of $25,000 and coordinate on a DD
Form 2579, Small
Business Coordination
Record.
3) A Small Business Specialist must be given an opportunity
to review and comment on all Acquisition Plans and Single
Acquisition Management Plans (SAMPs). ASC/BC is a required
signature on the coordination page of the plans.
You are the PCO for a major competitive negotiated source
selection. The RFP, which reflects the user's requirements and
is based on the user's budget, has a requirement for 220 cargo
loaders to be delivered at 55 per year over the next four years.
One offeror proposes to deliver all 220 loaders in the first year
at a dramatically reduced price. Can you accept the offeror's
proposal? What factors should you consider in your decision?
- ANSWER-You can accept the offeror's proposal under certain
circumstances. Firstly, what did the RFP say about alternate
Real Exam Questions And Correct Well Elaborated Answers
|100% Verified solutions | Already Verified Test | Already
Graded A+ / 2025 Latest Exam Version!!
How would you address consideration on a Fixed Price type
contract being modified to include additional Government
Furnished Property (GFP) (e.g., not part of the original
contract), and what is your reasoning? - ANSWER-After
determining the estimated value of the GFP, you would add
something of value to the contract (i.e., additional within scope
capability, an additional study, additional hours) in order to re-
establish the original "balance" of the contractual
consideration.
How would you address consideration on a Cost type contract
being modified to include additional GFP (e.g., not part of the
original contract), and what is your reasoning? - ANSWER-
Textbook answer and preference is to reduce the base fee.
After determining the estimated value of the GFP, you would
,get a reduction in the base fee on a cost type contract (if there
is a base fee). This is because the GFP, in effect, reduces the
estimated cost of the contract and therefore the fee associated
with it should also be reduced. This re-establishes the original
"balance" of the contractual consideration. In real life, if the
value of the GFP is nominal and it is impractical to reduce the
fee - you have a few other alternatives: requesting something of
nominal value (additional copies of a report), documenting the
file that your product will be enhanced given the use of GFP or
document the file that consideration was obtained through
"cost avoidance" (over-run for example). Bottom Line:
consideration is required on both a FFP and Cost type contract,
however since the government actually funds its own
consideration in a cost-type environment it if far less critical of
an issue than supplying GFP in a FFP environment without
"adequate" consideration.
Assume you are assigned to a new program and that you are
trying to determine feasible acquisition strategies. In what
areas can Market Research help? - ANSWER-Some of the
strategy considerations Market Research can help with are:
whether to buy Commercial or Non-Developmental Items, use
FAR Part 12 or 15, go competitive or sole-source, decide if the
contract will be cost type or fixed price, decide if there will be
an incentive or award fee, and evaluation criteria.
,What does the term "Equitable Adjustment" mean to you? -
ANSWER-The definition from the Government Contract Law
textbook states: "The concept of "equitable adjustment" is one
of the larger unresolved issues in Government contracting.
Although the phrase appears expressly or implicitly in the
"adjustment clauses" e.g., the determination of what
constitutes an equitable adjustment has not been objectively
quantified by the regulation. The term "equitable adjustment" is
construed as a "fair", "reasonable", "just", or "right"
arrangement or settlement. As mentioned above, in
Government contracts this involves a determination as to an
adjustment of the contract price, the period of performance, or
both."
List some of the ways the Contracting Officer should involve
the Small Business Office (ASC/BC) and the SBA early and
often in the acquisition process in order to insure maximum
opportunities, including subcontracting opportunities, for
Small Businesses. - ANSWER-(FAR 19.201 & 19.202)
1) The local Small Business office gets involved early in that
they must coordinate on all synopses prior to publication. This
includes Sources Sought and Pre-Solicitation Synopses.
, 2) A Small Business Procurement Representative should be
invited to participate in early strategy sessions and Acquisition
Strategy Panel (ASP) if appropriate for the acquisition.
3) The Small Business Specialist and an SBA representative
must review all
acquisitions in excess of $25,000 and coordinate on a DD
Form 2579, Small
Business Coordination
Record.
3) A Small Business Specialist must be given an opportunity
to review and comment on all Acquisition Plans and Single
Acquisition Management Plans (SAMPs). ASC/BC is a required
signature on the coordination page of the plans.
You are the PCO for a major competitive negotiated source
selection. The RFP, which reflects the user's requirements and
is based on the user's budget, has a requirement for 220 cargo
loaders to be delivered at 55 per year over the next four years.
One offeror proposes to deliver all 220 loaders in the first year
at a dramatically reduced price. Can you accept the offeror's
proposal? What factors should you consider in your decision?
- ANSWER-You can accept the offeror's proposal under certain
circumstances. Firstly, what did the RFP say about alternate
