CON 3990 EXAM (2025/2025) ATUAL REAL EXAM
ALL COMPLETE QUESTIONS WITH DETAILED
CORRECT ANSWERS GUARANTEED PASS
Page | 1
TOP RATED A+.
CON 3990
Pass the CON 3990 exam/course 2025/2026 with confidence. This exam
features questions in areas like: construction practices, project management,
safety, cost estimation, and industry regulations. Best suited to students
pursuing construction management or related majors.
What is the Micro-purchase 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
What contract types can be used for commercial item purchases? ......
ANSWER ...... FFP or FPEPA
What is the Simplified Acquisition Threshold for commercial products
and services? What is it for non-commercial? ...... ANSWER ......
$7.5M - commercial $250k for non-commercial
, True or False: The Gov shall use electronic commerce whenever
practicable or cost-effective ...... ANSWER ...... True
Page | 2
What is the purpose of a contract file? (4) ...... ANSWER ...... Provide
background/basis for decisions
Supporting actions taken
Provide information for reviews and investigations
Furnishing essential facts in the event of a litigation
Can contract files be combined if appropriate? ...... ANSWER ......
Yes
At what level are contract files maintained and why? ...... ANSWER
...... Maintained at the organizational level to ensure
effective documentation of contract actions
accessibility by principal users
minimal establishment of duplicate and working files
safeguarding classified docs
conformance with agency regs
When is a SAP contract file closed out? ...... ANSWER ...... When the
KO receives evidence of receipt of property or final payment
, When is a FFP (not SAP) contract file closed out? ...... ANSWER ......
Should be closed out within 6 months after date KO receives evidence
of physical completion
Page | 3
When should contract files required settlement of indirect cost rates be
closed out? ...... ANSWER ...... Within 36 months of the month the
KO receives evidence of physical completion
When should all other (not SAP, FFP, or indirect cost rate) contract files
be closed? ...... ANSWER ...... Within 20 months of the month the
KO receives evidence of physical completion
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
Page | 4
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
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
ALL COMPLETE QUESTIONS WITH DETAILED
CORRECT ANSWERS GUARANTEED PASS
Page | 1
TOP RATED A+.
CON 3990
Pass the CON 3990 exam/course 2025/2026 with confidence. This exam
features questions in areas like: construction practices, project management,
safety, cost estimation, and industry regulations. Best suited to students
pursuing construction management or related majors.
What is the Micro-purchase 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
What contract types can be used for commercial item purchases? ......
ANSWER ...... FFP or FPEPA
What is the Simplified Acquisition Threshold for commercial products
and services? What is it for non-commercial? ...... ANSWER ......
$7.5M - commercial $250k for non-commercial
, True or False: The Gov shall use electronic commerce whenever
practicable or cost-effective ...... ANSWER ...... True
Page | 2
What is the purpose of a contract file? (4) ...... ANSWER ...... Provide
background/basis for decisions
Supporting actions taken
Provide information for reviews and investigations
Furnishing essential facts in the event of a litigation
Can contract files be combined if appropriate? ...... ANSWER ......
Yes
At what level are contract files maintained and why? ...... ANSWER
...... Maintained at the organizational level to ensure
effective documentation of contract actions
accessibility by principal users
minimal establishment of duplicate and working files
safeguarding classified docs
conformance with agency regs
When is a SAP contract file closed out? ...... ANSWER ...... When the
KO receives evidence of receipt of property or final payment
, When is a FFP (not SAP) contract file closed out? ...... ANSWER ......
Should be closed out within 6 months after date KO receives evidence
of physical completion
Page | 3
When should contract files required settlement of indirect cost rates be
closed out? ...... ANSWER ...... Within 36 months of the month the
KO receives evidence of physical completion
When should all other (not SAP, FFP, or indirect cost rate) contract files
be closed? ...... ANSWER ...... Within 20 months of the month the
KO receives evidence of physical completion
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
Page | 4
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
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
