FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
FAC-C PROFESSIONAL EXAM NEWEST EXAM / FAC-C
PROFESSIONAL EXAM PREPARATION/FAC-C PROFESSIONAL
EXAM PRACTICE EXAM WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS| BRAND NEW VERSION!
Whose responsibility is quality?
The seller.
Which FAR Part gives important guidance for planning and ensuring successful
contract performance?
FAR Part 46 Quality Assurance
The supply chain consists of a network of:
Subcontractors, vendors, and other service/item providers to the seller or prime
contractor.
Which FAR/DFARS Part covers policies and procedures as they relate to
subcontractors?
FAR Part 44 Subcontracting Policies and Procedures
Which FAR Part covers changes to contracts?
FAR Part 43 Contract Modifications
Which FAR Part discusses termination of contracts?
1|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
FAR Part 49 Termination of Contracts
Contract closeout is the process of:
Verifying al the requirements of the contract are satisfied, settling unresolved
matters, and reconciling the contract to make final payment.
Contract closeout tasks include:
Validation of completion of contract requirements, disposition of property, settling
subcontract issues, funds reconciliation, and final payment (also an assessment of
seller performance depending on dollar value).
Which FAR Part covers the closeout of government contract files?
FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government property
prior to and through contract closeout?
FAR Part 45 Government Property.
Preaward Buyer (Govt/Prime Contractor) Tasks
Assisting the customer in defining the requirement; Developing a comprehensive
plan for fulfilling the requirement in a timely manner at a reasonable price;
Developing and executing an overall strategy for the purchase.
Award Buyer (Govt/Prime Contractor) Tasks
2|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
Evaluating offers; Conducting negotiations; Selecting the source; Awarding the
contract(s); Debriefing offerors; Addressing mistakes in offers and seller challenges
to the selection process.
Postaward Buyer (Govt/Prime Contractor) Tasks
Addressing any issues arising during contract performance that might increase
performance risk; executing contract modifications; Monitoring compliance of
contract terms; Making payments; Closing out the contract.
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer (Government or prime contractor) and
seller (contractor or subcontractor in communicating the buyer's requirements
and providing a solution to those requirements.
Typically start befor the contracting process:
Requirements definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities:
Develop solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must:
Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
3|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
What two FAR parts are key resources in developing the solicitation?
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Buying activities must conduct ___ to identify potential suppliers, evaluate if the
requirement is achievable, and perform any pre-offer conferences or
communication.
Market Research
What FAR part is a key resource for conducting Market Research?
FAR Part 10 Market Research
How do buying activities analyze risk?
Performing make or buy decisions; conducting a supply or services determination;
and understanding the required schedule or needs of the customer including the
need for property (including intellectual property).
What FAR/DFARS resources can assist in analyzing risks?
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
Primary FAR resource for information about contract types:
FAR Part 16 Types of Contracts
Which FAR Part addresses publicizing contract actions?
4|Page
Preparation
FAC-C PROFESSIONAL EXAM NEWEST EXAM / FAC-C
PROFESSIONAL EXAM PREPARATION/FAC-C PROFESSIONAL
EXAM PRACTICE EXAM WITH COMPLETE QUESTIONS AND
CORRECT ANSWERS| BRAND NEW VERSION!
Whose responsibility is quality?
The seller.
Which FAR Part gives important guidance for planning and ensuring successful
contract performance?
FAR Part 46 Quality Assurance
The supply chain consists of a network of:
Subcontractors, vendors, and other service/item providers to the seller or prime
contractor.
Which FAR/DFARS Part covers policies and procedures as they relate to
subcontractors?
FAR Part 44 Subcontracting Policies and Procedures
Which FAR Part covers changes to contracts?
FAR Part 43 Contract Modifications
Which FAR Part discusses termination of contracts?
1|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
FAR Part 49 Termination of Contracts
Contract closeout is the process of:
Verifying al the requirements of the contract are satisfied, settling unresolved
matters, and reconciling the contract to make final payment.
Contract closeout tasks include:
Validation of completion of contract requirements, disposition of property, settling
subcontract issues, funds reconciliation, and final payment (also an assessment of
seller performance depending on dollar value).
Which FAR Part covers the closeout of government contract files?
FAR 4.804 Closeout of Contract Files.
Which FAR Part covers the responsibilities associated with government property
prior to and through contract closeout?
FAR Part 45 Government Property.
Preaward Buyer (Govt/Prime Contractor) Tasks
Assisting the customer in defining the requirement; Developing a comprehensive
plan for fulfilling the requirement in a timely manner at a reasonable price;
Developing and executing an overall strategy for the purchase.
Award Buyer (Govt/Prime Contractor) Tasks
2|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
Evaluating offers; Conducting negotiations; Selecting the source; Awarding the
contract(s); Debriefing offerors; Addressing mistakes in offers and seller challenges
to the selection process.
Postaward Buyer (Govt/Prime Contractor) Tasks
Addressing any issues arising during contract performance that might increase
performance risk; executing contract modifications; Monitoring compliance of
contract terms; Making payments; Closing out the contract.
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer (Government or prime contractor) and
seller (contractor or subcontractor in communicating the buyer's requirements
and providing a solution to those requirements.
Typically start befor the contracting process:
Requirements definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities:
Develop solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must:
Assess the need, analyze the requirement, ensure contract outcomes will be
measurable and properly incentivized, and verify the availability of funds.
3|Page
, FAC-C Professional Exam Newest Exam / FAC-C Professional Exam
Preparation
What two FAR parts are key resources in developing the solicitation?
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Buying activities must conduct ___ to identify potential suppliers, evaluate if the
requirement is achievable, and perform any pre-offer conferences or
communication.
Market Research
What FAR part is a key resource for conducting Market Research?
FAR Part 10 Market Research
How do buying activities analyze risk?
Performing make or buy decisions; conducting a supply or services determination;
and understanding the required schedule or needs of the customer including the
need for property (including intellectual property).
What FAR/DFARS resources can assist in analyzing risks?
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance
Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, &
Copyrights.
Primary FAR resource for information about contract types:
FAR Part 16 Types of Contracts
Which FAR Part addresses publicizing contract actions?
4|Page
