CON 3990V Certification Exam (Actual Exam ) | Complete Questions and Correct Answers | Graded A+ | Verified Answers | Latest Version | Brand New Version!

CON 3990V Certification Exam (Actual Exam ) | Complete Questions and Correct Answers | Graded A+ | Verified Answers | Latest Version | Brand New Version! FAR 2.101 defines a solicitation ______ as a term or condition used only in solicitations and applying __________ - ANSWER -Provision Applying only before contract award FAR Part 2.101 defines contract _______ or "clause" to mean a term or condition used in contracts or in both solicitations and contracts, and applying _________ - ANSWER -Clause Applying after contract award or in both before and after award A change to a solicitation is called a what? - ANSWER -An amendment True or False: Cost realism analysis may not be used on fixed-price incentive contracts - ANSWER -False Cost Realism analyses shall __________ - ANSWER -be performed on cost reimbursement contracts to determine the probable cost of performance for each offeror. Cost or pricing data are ________ - ANSWER -Factual Not judgmental Verifiable Which of the following are exceptions to obtaining cetified cost of pricing data? - ANSWER -Adequate price competition Commercial items Prices set bylaw Source Selection Authority (SSA) - ANSWER -This individual makes the best value decision and selects the award winner based on the evaluation criteria and factors in the solicitation. Source Selection Advisory Council (SSAC) - ANSWER -These individuals have functional area expertise and support the SSA. Procurement Contracting Officer (PCO) - ANSWER -The PCO muse ensure the evaluation is conducted against the evaluation criteria, and then award the contract according to the solicitation's terms and conditions. Source Selection Evaluation Board (SSEB) - ANSWER -SSEB is comprised of a Chairperson (overall mgmt) and Evaluators shall prepare documentation of the final evaluation results. Legal Counsel - ANSWER -is an integral part of the source of the source selection process and is crucial in reviewing documentation for legal sufficiency as well as providing legal advice throughout the selection process. Who is responsible for making the best value decision? - ANSWER -SSA Who serves the primary business advisor for a source selection? - ANSWER -PCO Which two evaluation factors shall be evaluated in every source selection? - ANSWER -Price or cost and quality You are the contracting officer on an acquisition program for development of the Motorless Anti-Aircraft Tank. The acquisition will be developed .... Approval of the SSP is the responsibility of? - ANSWER -Source Selection Authority (SSA) True or False: To protect source selection information after the release of the solicitation, only the SSA should take questions from protentional offerors. - ANSWER -False When using invitations for bids (IFBs), what type(s) of contracts can be awarded? - ANSWER -Only firm-fixed-price contracts or fixed-price-contracts w/ economic price adjustment Which is not a type of contracting officer? - ANSWER -Executive contracting officer Which FAR part sets forth the basic policies and general information about the Federal Acquisition Regulations System? - ANSWER -FAR Part 1 How many FAR parts are there? - ANSWER -53 Your customer comes to you anticipating a new requirement, one that has not been purchased recently. You'd like to refer them to the FAR part dealing specifically with market research. Which FAR part do you refer them to? - ANSWER -FAR Part 10 Which term means the total cost to the Government of acquiring, operating, supporting and (if applicable) disposing of the items being acquired? - ANSWER Life-cycle costs Where in the FAR can you find guidance on how to establish, maintain, and dispose of Government contract files? - ANSWER -FAR Part 4 (Administrative & Information Matters) Which FAR Part is the best source of information regarding competition requirements? - ANSWER -FAR Part 6 (Competition Requirements) Where is in the FAR is contracting by negotiation covered? - ANSWER -FAR Part 15 Contractors are required to certify that a claim is made in good faith when submitting any claim exceeding: - ANSWER -$100,000 One of the proper protest venues is the: - ANSWER -U.S. Court of Federal Claims