CLC 011: Contracting for the Rest of Us Exam Questions and Answers

1) Cost analysis is: [Differentiate between price analysis and cost analysis.] the evaluation of the separate cost elements and profit in an offeror's proposal. the review and evaluation of the bottom-line price in an offeror's proposal. the comparison of all cost proposals to determine the correlation between their proposed profit rates. the review and evaluation of the separate cost elements in a proposal, excluding profit. ________________________________________ 2) In what stage of the acquisition cycle should strategic market research be conducted? [List the considerations involved with meeting the customer's requirement.] Strategic market research is an ongoing process through all phases of the acquisition cycle Prior to contract expiration and before solicitation of the follow-on contract After requirements are completely known Immediately prior to contracting for supplies or services