2025 – 2026 WARRANT BOARD EXAM
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+
Choices to resolve COI? (FAR Part 3) - ANSWERS-a. Recuse
oneself or
b. Divest
Multi vs. multiple (FAR Part 17) - ANSWERS-Multiyear—base
is more than one year
Multiple year contract—base (1 year) + options
Name gratuities clause. - ANSWERS-52.203-13—contracts
over the SAT
What is the economy act? How is it supported? - ANSWERS-
Law, which authorizes agencies to enter into mutual
agreements to obtain services or supplies by inter-agency
acquisition.
,Must be supported by D&F stating:
a. Best interest of government
b. Can't be obtained as conv or econ. By private source
40. What conditions must be met to justify ratification? -
ANSWERS-Ratification: act of approving an unauthorized
commitment.
a. Proper funds available
b. Gov't received a benefit
c. Ratifying official has authority to ratify
d. Resulting contract must be otherwise proper
e. Price is fair and reasonable
f. CO recommends payment
g. IAW other requirements & limitations
Unilateral change under changes clause (FAR 43.201) -
ANSWERS-a. Contractor must continue performance unless
incremental funded or cost reimbursable
b. Contractor cannot incur costs beyond limits established in
limitations of funds or limitation of cost clauses
,What are the 4 steps to minimize defective pricing? FAR 15.4
- ANSWERS-a. Obtain DCAA audits prior to negotiation
b. Audit work in process
c. Pressure Contractor to correct deficiencies
d. Have Contractor evaluate subcontract proposals properly
What is the reference for Acq plan (AP) and location of
template? - ANSWERS-AFFARS 5307.105
Color of Money - ANSWERS-3400-O&M-1 year
3600-R&D-2 year
3080-procurement-3 year
What are the elements of a contract? - ANSWERS-a. Legal
capacity
b. Offer
c. Acceptance
d. Consideration
e. Clear Terms & Conditions
f. Does not include illegal acts
, What is a change order? (FAR 43.201) - ANSWERS-
Contractor must continue performance of contracts as
changed except that....
In cost or incrementally funded the contractor is not
obligated to continue performance or incur cost beyond
limits in limitation of cost or limitations of funds clauses.
Name the Four (4) mod decision principles. (FAR 43) -
ANSWERS-a. Within Scope
b. Impact on Competition
c. Value change increase, decrease, or no change
d. Correct funds
List factors in selecting contract types. (FAR 16.104) -
ANSWERS-a. Price competition
b. Price & or cost analysis
c. Type and complexity of requirement
d. Period of performance or length of production
e. Contractor technical capability and financial responsibility
f. Adequacy of contractor accounting system
WITH CORRECT ACTUAL QUESTIONS AND
CORRECTLY WELL DEFINED ANSWERS
LATEST ALREADY GRADED A+
Choices to resolve COI? (FAR Part 3) - ANSWERS-a. Recuse
oneself or
b. Divest
Multi vs. multiple (FAR Part 17) - ANSWERS-Multiyear—base
is more than one year
Multiple year contract—base (1 year) + options
Name gratuities clause. - ANSWERS-52.203-13—contracts
over the SAT
What is the economy act? How is it supported? - ANSWERS-
Law, which authorizes agencies to enter into mutual
agreements to obtain services or supplies by inter-agency
acquisition.
,Must be supported by D&F stating:
a. Best interest of government
b. Can't be obtained as conv or econ. By private source
40. What conditions must be met to justify ratification? -
ANSWERS-Ratification: act of approving an unauthorized
commitment.
a. Proper funds available
b. Gov't received a benefit
c. Ratifying official has authority to ratify
d. Resulting contract must be otherwise proper
e. Price is fair and reasonable
f. CO recommends payment
g. IAW other requirements & limitations
Unilateral change under changes clause (FAR 43.201) -
ANSWERS-a. Contractor must continue performance unless
incremental funded or cost reimbursable
b. Contractor cannot incur costs beyond limits established in
limitations of funds or limitation of cost clauses
,What are the 4 steps to minimize defective pricing? FAR 15.4
- ANSWERS-a. Obtain DCAA audits prior to negotiation
b. Audit work in process
c. Pressure Contractor to correct deficiencies
d. Have Contractor evaluate subcontract proposals properly
What is the reference for Acq plan (AP) and location of
template? - ANSWERS-AFFARS 5307.105
Color of Money - ANSWERS-3400-O&M-1 year
3600-R&D-2 year
3080-procurement-3 year
What are the elements of a contract? - ANSWERS-a. Legal
capacity
b. Offer
c. Acceptance
d. Consideration
e. Clear Terms & Conditions
f. Does not include illegal acts
, What is a change order? (FAR 43.201) - ANSWERS-
Contractor must continue performance of contracts as
changed except that....
In cost or incrementally funded the contractor is not
obligated to continue performance or incur cost beyond
limits in limitation of cost or limitations of funds clauses.
Name the Four (4) mod decision principles. (FAR 43) -
ANSWERS-a. Within Scope
b. Impact on Competition
c. Value change increase, decrease, or no change
d. Correct funds
List factors in selecting contract types. (FAR 16.104) -
ANSWERS-a. Price competition
b. Price & or cost analysis
c. Type and complexity of requirement
d. Period of performance or length of production
e. Contractor technical capability and financial responsibility
f. Adequacy of contractor accounting system
