CON 3990 Exam
CON 3990 EXAM NEWEST 2025/2026 WITH COMPLETE 200
QUESTIONS AND CORRECT ANSWERS |ALREADY GRADED
A+||BRAND NEW VERSION!
When is a contract considered physically complete? - ANSWER-the 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? - ANSWER-1) 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
How long are contract documents retained after closeout? - ANSWER-6 years after
final payment
What does a KO need prior to commencement of negotiations for a sole source
contract, commencement of negotiations for a contract resulting from an
unsolicited proposal, or award without providing for full and open competition? -
ANSWER-Justification and Approval which justifies the actions in writing, certifies
the accuracy and completeness of the justifications and obtains the approval
required
1|Page
, CON 3990 Exam
The KO shall not award a sole-source contract for an amount exceeding $25M
unless - ANSWER-they have a signed Justification and Approval
A J&A should include - ANSWER-Description of action being approved
Description of supplies or services required + estimated value
statutory authority permitting other than full and open comp
demonstrate why specific KTR is required (instead of comp)
efforts made to solicit offers from other sources
determination of fair and reasonable anticipated cost
description of market research conducted
list of sources that expressed interest
statement of how agency may remove comp barriers in the future
KO certification
What are the thresholds for J&A approval - ANSWER-under $750 - KO approval
over $750k and under $100M - HCA
over $100M - senior procurement executive
What are the basic elements required for a contract to be legally binding (4) -
ANSWER-mutual assent (valid offer and acceptance)
adequate consideration
capacity
legality
2|Page
, CON 3990 Exam
What is implied actual authority? - ANSWER-authority to do what is usual,
customary and necessary to accomplish the action
Implied actual authority differs from express actual authority in that no express
agreement is executed
(e.g., when an individual is assigned a task to accomplish but the minor details
are not spelled out either verbally or in writing, this is an example of implied
actual authority).
What is express actual authority? - ANSWER-is created by explicit language, either
in writing or verbal.
It should be noted that the spoken word is generally as binding as the written
word; however it is sometimes more difficult to prove.
What is apparent authority? - ANSWER-Apparent authority exists when someone
reasonably believes an individual has the authority to act on behalf of the
Government, based on his or her conduct, even though that individual has no
actual authority to bind the Government.
What is consideration? - ANSWER-Something of value that a promisor receives
from the promisee in return for his or her offer.
aka the reason a party would seek to enter into a contract Can be money, action,
non action or property
A contract is not enforceable without - ANSWER-consideration
3|Page
, CON 3990 Exam
What is lawful purpose? - ANSWER-A contract is unenforceable if any term is
contrary to public policy / against the law
What is capacity? - ANSWER-the ability to understand and appreciate the terms of
the contract
what is mutual assent? - ANSWER-when each party makes a promise or begins to
render performance
offer placed by one party and acceptance by the other
What is a commercial product? - ANSWER-a product that is used by the general
public for purposes other than governmental purposes or
a product evolved from the above which is not yet available to the market,
or a product like the above, slightly modified for gov use or
a nondevelopmental item
What is the Micro-purhcase threshold for supplies? - ANSWER-$10k
All incentive contracts (schedule or performance) must also include what? -
ANSWER-Cost incentive or constraint
What requires funds to be used only for needs or services in the year of the
appropriations obligation period? - ANSWER-Bona Fide Needs Rule
4|Page
CON 3990 EXAM NEWEST 2025/2026 WITH COMPLETE 200
QUESTIONS AND CORRECT ANSWERS |ALREADY GRADED
A+||BRAND NEW VERSION!
When is a contract considered physically complete? - ANSWER-the 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? - ANSWER-1) 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
How long are contract documents retained after closeout? - ANSWER-6 years after
final payment
What does a KO need prior to commencement of negotiations for a sole source
contract, commencement of negotiations for a contract resulting from an
unsolicited proposal, or award without providing for full and open competition? -
ANSWER-Justification and Approval which justifies the actions in writing, certifies
the accuracy and completeness of the justifications and obtains the approval
required
1|Page
, CON 3990 Exam
The KO shall not award a sole-source contract for an amount exceeding $25M
unless - ANSWER-they have a signed Justification and Approval
A J&A should include - ANSWER-Description of action being approved
Description of supplies or services required + estimated value
statutory authority permitting other than full and open comp
demonstrate why specific KTR is required (instead of comp)
efforts made to solicit offers from other sources
determination of fair and reasonable anticipated cost
description of market research conducted
list of sources that expressed interest
statement of how agency may remove comp barriers in the future
KO certification
What are the thresholds for J&A approval - ANSWER-under $750 - KO approval
over $750k and under $100M - HCA
over $100M - senior procurement executive
What are the basic elements required for a contract to be legally binding (4) -
ANSWER-mutual assent (valid offer and acceptance)
adequate consideration
capacity
legality
2|Page
, CON 3990 Exam
What is implied actual authority? - ANSWER-authority to do what is usual,
customary and necessary to accomplish the action
Implied actual authority differs from express actual authority in that no express
agreement is executed
(e.g., when an individual is assigned a task to accomplish but the minor details
are not spelled out either verbally or in writing, this is an example of implied
actual authority).
What is express actual authority? - ANSWER-is created by explicit language, either
in writing or verbal.
It should be noted that the spoken word is generally as binding as the written
word; however it is sometimes more difficult to prove.
What is apparent authority? - ANSWER-Apparent authority exists when someone
reasonably believes an individual has the authority to act on behalf of the
Government, based on his or her conduct, even though that individual has no
actual authority to bind the Government.
What is consideration? - ANSWER-Something of value that a promisor receives
from the promisee in return for his or her offer.
aka the reason a party would seek to enter into a contract Can be money, action,
non action or property
A contract is not enforceable without - ANSWER-consideration
3|Page
, CON 3990 Exam
What is lawful purpose? - ANSWER-A contract is unenforceable if any term is
contrary to public policy / against the law
What is capacity? - ANSWER-the ability to understand and appreciate the terms of
the contract
what is mutual assent? - ANSWER-when each party makes a promise or begins to
render performance
offer placed by one party and acceptance by the other
What is a commercial product? - ANSWER-a product that is used by the general
public for purposes other than governmental purposes or
a product evolved from the above which is not yet available to the market,
or a product like the above, slightly modified for gov use or
a nondevelopmental item
What is the Micro-purhcase threshold for supplies? - ANSWER-$10k
All incentive contracts (schedule or performance) must also include what? -
ANSWER-Cost incentive or constraint
What requires funds to be used only for needs or services in the year of the
appropriations obligation period? - ANSWER-Bona Fide Needs Rule
4|Page
