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CON 3990V CERTIFICATION EXAM
2025/2026 COMPLETE ACCURATE EXAM
ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS (DETAILED ANSWERS)
FAR 13.004 states that ________________ - ..........ANSWER.......a quotation is
not an offer, and consequently, cannot be accepted by the government to
form a binding contract.
FAR 13.106-2(a)(2) tells us that the contracting officer shall evaluate quotations
or offers on the __________ - ..........ANSWER.......basis established in the
solicitation
What are the two broad categories of contract types? - ..........ANSWER.......Cost
reimbursement
Fixed Price
True or False: A cost reimbursement type contract places upon the contractor
maximum risk and responsibility for all costs and resulting profit or loss. -
..........ANSWER.......False
True or False: Cost-reimbursement types of contracts require the contractor to
put forth a best effort to perform, and provide for payment of the contractor's
allowable, allocable and reasonable incurred costs. - ..........ANSWER.......True
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A _____ is a unique number identifying each solicitation, contract, agreement
or order related procurement instrument. Agencies shall include all PIDDs for
all related procurement actions. - ..........ANSWER.......PIID
For proposed contract actions expected to exceed $25,000, the contracting
officer must synopsize in the ______ - ..........ANSWER.......Governmentwide
point of entry (GPE)
If you are limiting competition to establish or maintain an alternative source,
this is called? - ..........ANSWER.......Full and open competition after the exclusion
of sources
A fixed-price contract with economic price adjustment might be applicable
when - ..........ANSWER.......Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be
identified
When contracting on a Firm-Fixed-Price basis, what will usually satisfy the
requirement to perform a price analysis? - ..........ANSWER.......A comparison of
proposed prices
What are the exceptions to obtaining certified cost of pricing data? -
..........ANSWER.......Adequate price competition
Commercial items
Prices set by law
Modifying a noncommercial contract
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A price based on adequate price competition when? - ..........ANSWER.......In
receipt of offers from two or more responsible offerors
In receipt of offers from two or more offerors competing independently
What are the two types of authority? - ..........ANSWER.......Actual and Apparent
What is actual authority? - ..........ANSWER.......Can be either express actual
authority or implied actual authority
What is Express Actual Authority? - ..........ANSWER.......created by explicit
language, either in writing or verbal.
What is Implied Actual Authority? - ..........ANSWER.......authority to do what is
usual, customary and necessary to accomplish the action.
What is mutual assent? - ..........ANSWER.......Understanding of the terms of an
agreement by both parties involved and acknowledgment that each will
perform its respective duties in exchange of the other's promise or
performance.
What are the four (4) parts of the UCF - ..........ANSWER.......The Schedule
Contract Clauses
List of Documents, Exhibits, and Other Attachments
Representations and Instructions
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Which of following is accurate about unilateral modifications? -
..........ANSWER.......Are only signed by a government contracting officer, not
the contractor
Joan stated that she was working on selecting solicitation provisions. With this
in mind, you know the contract: - ..........ANSWER.......Has not been awarded
The authority of a contracting officer's representative (COR) shall be: -
..........ANSWER.......Designated in writing, with a copy given to the contractor
and contract administration office.
When using FAR part 12 procedures, the technical evaluation would normally
include examination of such things as product literature, product samples (if
requested), technical features, and: - ..........ANSWER.......Warranty provisions
What are the three phases of the Contract Life Cycle? - ..........ANSWER.......Pre-
award, Award, and Post-award.
What must the buying activity assess when planning a solicitation? -
..........ANSWER.......The need, analyze the requirement, and ensure contract
outcomes are measurable and incentivized.
What is the purpose of market research in the Pre-award Phase? -
..........ANSWER.......To identify potential suppliers and evaluate if the
requirement is achievable.
CON 3990V CERTIFICATION EXAM
2025/2026 COMPLETE ACCURATE EXAM
ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS (DETAILED ANSWERS)
FAR 13.004 states that ________________ - ..........ANSWER.......a quotation is
not an offer, and consequently, cannot be accepted by the government to
form a binding contract.
FAR 13.106-2(a)(2) tells us that the contracting officer shall evaluate quotations
or offers on the __________ - ..........ANSWER.......basis established in the
solicitation
What are the two broad categories of contract types? - ..........ANSWER.......Cost
reimbursement
Fixed Price
True or False: A cost reimbursement type contract places upon the contractor
maximum risk and responsibility for all costs and resulting profit or loss. -
..........ANSWER.......False
True or False: Cost-reimbursement types of contracts require the contractor to
put forth a best effort to perform, and provide for payment of the contractor's
allowable, allocable and reasonable incurred costs. - ..........ANSWER.......True
,2|Page
A _____ is a unique number identifying each solicitation, contract, agreement
or order related procurement instrument. Agencies shall include all PIDDs for
all related procurement actions. - ..........ANSWER.......PIID
For proposed contract actions expected to exceed $25,000, the contracting
officer must synopsize in the ______ - ..........ANSWER.......Governmentwide
point of entry (GPE)
If you are limiting competition to establish or maintain an alternative source,
this is called? - ..........ANSWER.......Full and open competition after the exclusion
of sources
A fixed-price contract with economic price adjustment might be applicable
when - ..........ANSWER.......Market or labor conditions are volatile
Contingencies that would otherwise be included in the contract price can be
identified
When contracting on a Firm-Fixed-Price basis, what will usually satisfy the
requirement to perform a price analysis? - ..........ANSWER.......A comparison of
proposed prices
What are the exceptions to obtaining certified cost of pricing data? -
..........ANSWER.......Adequate price competition
Commercial items
Prices set by law
Modifying a noncommercial contract
,3|Page
A price based on adequate price competition when? - ..........ANSWER.......In
receipt of offers from two or more responsible offerors
In receipt of offers from two or more offerors competing independently
What are the two types of authority? - ..........ANSWER.......Actual and Apparent
What is actual authority? - ..........ANSWER.......Can be either express actual
authority or implied actual authority
What is Express Actual Authority? - ..........ANSWER.......created by explicit
language, either in writing or verbal.
What is Implied Actual Authority? - ..........ANSWER.......authority to do what is
usual, customary and necessary to accomplish the action.
What is mutual assent? - ..........ANSWER.......Understanding of the terms of an
agreement by both parties involved and acknowledgment that each will
perform its respective duties in exchange of the other's promise or
performance.
What are the four (4) parts of the UCF - ..........ANSWER.......The Schedule
Contract Clauses
List of Documents, Exhibits, and Other Attachments
Representations and Instructions
, 4|Page
Which of following is accurate about unilateral modifications? -
..........ANSWER.......Are only signed by a government contracting officer, not
the contractor
Joan stated that she was working on selecting solicitation provisions. With this
in mind, you know the contract: - ..........ANSWER.......Has not been awarded
The authority of a contracting officer's representative (COR) shall be: -
..........ANSWER.......Designated in writing, with a copy given to the contractor
and contract administration office.
When using FAR part 12 procedures, the technical evaluation would normally
include examination of such things as product literature, product samples (if
requested), technical features, and: - ..........ANSWER.......Warranty provisions
What are the three phases of the Contract Life Cycle? - ..........ANSWER.......Pre-
award, Award, and Post-award.
What must the buying activity assess when planning a solicitation? -
..........ANSWER.......The need, analyze the requirement, and ensure contract
outcomes are measurable and incentivized.
What is the purpose of market research in the Pre-award Phase? -
..........ANSWER.......To identify potential suppliers and evaluate if the
requirement is achievable.
