CON 1200V Unit 7 exam with correct |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
answers
Which one of the following contract types is considered an incentive type contract?
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1. Cost Contract
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2. Firm Fixed Price
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3. Time and Material Contracr
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4. Cost Plus Award Fee Contract - correct answersCost Plus Award Fee Contract (FAR 16.401(e))
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Which one of the following is a characteristic of cost reimbursable type contracts?
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1. Requires Maximum Gov Surveillance
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2. The contractor shall deliver or risk default
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3. Profit is not limited
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4. The risk to the contractor is high - correct answers1. Requires maximum gov surveillance
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(FAR 16.301-3(a)(4)) |||\\\
Contracting may employ simplified acquisition procedures for acquisitions of commercial items |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
not exceeding
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1. $2,500
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2. $1,000,000
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3. $250,000
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4. $7,500,00 - correct answers4. $7,500,000 (FAR 13.500(a))
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Select the statement that is INCORRECT when it comes to the requirement to use sealed
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bidding
1. It is necessary to conduct discussions with the responding offerors about their bids
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, 2. Time permits the solicitation, submission, and evaluation of sealed bids
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3. There is a reasonable expectation of receiving more than one sealed bid - correct answers1.
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It is necessary to conduct discussions with the responding offerors about their bids
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(FAR6.401(a)(3))
Which one of the following is NOT an exception to Other Than Full and Open Competition?
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1. International Agreement
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2. Industrial Mobilization
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3. Only one responsible source
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4. Authorized by the Head of the Contracting Activity - correct answers4. Authorized by the
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Head of the Contracting Activity (FAR 6.302)
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Which of the following are common elements of a purchase request package?
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1. Requirements Documents (SOO, PWS, or SOW)
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2. DD Forms 1423 Contract Data Requirements list
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3. Contractors Proposal
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4. Independent Gov Estimate - correct answers1, 2, 4
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[NOT CONTRACTOR PROPOSAL]|||\\\ |||\\\
In the required sources order of priority, what is the first source for supplies?
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1. Inventories of requiring agency
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2. Federal Prison Industries
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3. Commercial Sources
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4. Wholesale supply sources - correct answers1. Inventories of requiring agency (FAR 8.002(a)
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(1))
The Anti-Deficiency Act prohibits which of the following? (multiple select)
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answers
Which one of the following contract types is considered an incentive type contract?
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
1. Cost Contract
|||\\\ |||\\\
2. Firm Fixed Price
|||\\\ |||\\\ |||\\\
3. Time and Material Contracr
|||\\\ |||\\\ |||\\\ |||\\\
4. Cost Plus Award Fee Contract - correct answersCost Plus Award Fee Contract (FAR 16.401(e))
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Which one of the following is a characteristic of cost reimbursable type contracts?
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
1. Requires Maximum Gov Surveillance
|||\\\ |||\\\ |||\\\ |||\\\
2. The contractor shall deliver or risk default
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
3. Profit is not limited
|||\\\ |||\\\ |||\\\ |||\\\
4. The risk to the contractor is high - correct answers1. Requires maximum gov surveillance
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
(FAR 16.301-3(a)(4)) |||\\\
Contracting may employ simplified acquisition procedures for acquisitions of commercial items |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
not exceeding
|||\\\
1. $2,500
|||\\\
2. $1,000,000
|||\\\
3. $250,000
|||\\\
4. $7,500,00 - correct answers4. $7,500,000 (FAR 13.500(a))
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Select the statement that is INCORRECT when it comes to the requirement to use sealed
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
bidding
1. It is necessary to conduct discussions with the responding offerors about their bids
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
, 2. Time permits the solicitation, submission, and evaluation of sealed bids
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
3. There is a reasonable expectation of receiving more than one sealed bid - correct answers1.
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
It is necessary to conduct discussions with the responding offerors about their bids
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
(FAR6.401(a)(3))
Which one of the following is NOT an exception to Other Than Full and Open Competition?
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
1. International Agreement
|||\\\ |||\\\
2. Industrial Mobilization
|||\\\ |||\\\
3. Only one responsible source
|||\\\ |||\\\ |||\\\ |||\\\
4. Authorized by the Head of the Contracting Activity - correct answers4. Authorized by the
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
Head of the Contracting Activity (FAR 6.302)
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Which of the following are common elements of a purchase request package?
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
1. Requirements Documents (SOO, PWS, or SOW)
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
2. DD Forms 1423 Contract Data Requirements list
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
3. Contractors Proposal
|||\\\ |||\\\
4. Independent Gov Estimate - correct answers1, 2, 4
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[NOT CONTRACTOR PROPOSAL]|||\\\ |||\\\
In the required sources order of priority, what is the first source for supplies?
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
1. Inventories of requiring agency
|||\\\ |||\\\ |||\\\ |||\\\
2. Federal Prison Industries
|||\\\ |||\\\ |||\\\
3. Commercial Sources
|||\\\ |||\\\
4. Wholesale supply sources - correct answers1. Inventories of requiring agency (FAR 8.002(a)
|||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\ |||\\\
(1))
The Anti-Deficiency Act prohibits which of the following? (multiple select)
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