Flashcards ACTUAL QUESTIONS AND
CORRECT ANSWERS
Pre-Award Phase - CORRECT ANSWERS (1st phase of contracting life cycle) This phase
involves all work performed by the buyer (Government or prime contractor) and seller
(contractor or subcontractor) in communicating the buyer's requirements and providing a
solution to those requirements.
What activities make up the Pre-Award Phase? - CORRECT ANSWERS 1) Develop
Solicitation
2) Develop Offer
Award phase - CORRECT ANSWERS The second phase of the contract life cycle. This
phase involves all of the work performed by both the buyer and the seller that produces an
awarded contract.
What activities make up the Award Phase? - CORRECT ANSWERS 1) Form contract
Postaward Phase - CORRECT ANSWERS 3rd life cycle phase of contracting. This phase
involves all work performed by the buyer and the seller during contract performance to include
change to the contract, contract close out, and termination of the contract.
What are the primary activities of Postaward Phase? - CORRECT ANSWERS 1) Perform
the contract:
2) Close the contract
,Close contract - CORRECT ANSWERS -Verify all requirements of the contract are
satisfied, settled all unresolved matters, and reconcile contract to make final payment.
-Validate completion of contract requirements, dispose of property, settle subcontractor issues,
funds reconciliation and final payment. Buyer also completes assessment of seller performance
for future decision makers in source selection.
Acquisition (definition) - CORRECT ANSWERS The acquiring of property or services by
contract with appropriated funds through purchase or lease, whether the property or services are
already in existence or must be created, developed, demonstrated, and evaluated.
FAR 2.101
Acquisition team members - CORRECT ANSWERS All participants in Government
acquisition including not only representatives of technical, supply, and procurement
communities, but also the customers that they serve, and the contractors who provide the
products and services.
KO's role on acquisition team - CORRECT ANSWERS The contracting officer (KO) must
have the authority to the maximum extent practicable and consistent with law to determine the
application of rules, regulations, and policies, on a specific contract.
KO appointments - CORRECT ANSWERS Selection criteria may include:
-experience in Government contracting and administration, commercial purchasing, or related
fields.
, -education or special training in business administration, law, accounting, engineering, or related
fields
-knowledge of acquisition policies and procedures, including this and other applicable
regulations
-specialized knowledge in the particular assigned field of contracting
-satisfactory completion of acquisition training courses
Contracting Officer representative (COR) - CORRECT ANSWERS Contracting officers
shall designate ___ in writing and furnish copies to the contractor and the contract administration
office.
What is a personal conflict of interest? - CORRECT ANSWERS Where a contractor
employee has some interest that could impair their ability to act impartially and in the best
interest of the Government when performing under a contract.
What is organizational or consultant conflict of interest? - CORRECT ANSWERS Where
a contractor (or potential contractor) is in a situation which by way of contract performance gives
them an unfair advantage or will bias their performance in making recommendations to the
Government.
FAR subpart 3.11 - CORRECT ANSWERS Personal conflicts of interest.
FAR subpart 9.5 - CORRECT ANSWERS Organizational and consultant conflicts of
interest