Contracting Officer\\\\\\\'s Warrant Board

COSG - UNLIMITED WARRANT BOARD EXAM COMPLETE QUESTIONS WITH 100% CORRECT ANSWERS Contractors who provide products or services to the Federal Government are to be considered members of the Government's "Federal Acquisition Team." True or False? True. Both FAR 1.102(b)(c) and FAR 1.102-3 note that the Acquisition Team consists of all in Government acquisition including not only representatives of the technical, supply, and procurement communities, but also the customers they serve, and the co...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS Cost Realism FAR 2.101 - The costs in an offeror's proposal-- (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror's technical proposal. When to ask for proposal audits from DCAA DFARS PGI 215.404-2(c) Fixed Price > $10M Cost Plus > $100M Legal Review Thresholds AFFARS 5301.602-2 - All J&As &gt...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS What are the 4 steps to minimize defective pricing? FAR 15.4 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? AFFARS 5307.105 Color of Money 3400-O&M-1 year 3600-R&D-2 year 3080-procurement-3 year What are the elements of a ...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS When would you use a Time-and-materials (T&M) contract? Why is it the least preferred? (far 16.601) - Use a T&M contract only when no other contract type is suitable. - Use when you cannot accurately estimate the extent or duration of the work or anticipated costs with a reasonable degree of confidence. - A D&F is required. When would you use a Time-and-materials (T&M) contract? Why is it the least preferred? (far 16.601) ...

Warrant Board Study Cards|Complete Questions with A+ Graded Answers Steps after discovering inadvertent information disclosure; Procurement Integrity Act 1. Notify the CO and CO shall notify the Program Counsel of the disclosure. 2. Gather Info of what released, and who released to and notify the contractor that received the information to delete all copies from its computers and servers. 3. Contact CO in writing that they deleted all information 4. CO contact the company whose bid/proposal...

Contracting Officer warrant board questions|100% Verified Correct You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your de...

WARRANT BOARD PREP |COMPLETE EXAM QUESTIONS AND A+ GRADED ANSWERS What kinds of things could cause you to lose your warrant ? Upon retirement, reassignment, termination or unsatisfactory performance. Must be submitted in writing. FAR 1.603-4; AFFARS MP 5301.603 Over and above work/ clause Over and above requirements task the contractor to identify needed repairs and recommend corrective action during contract performance. The contractor submits a work request to identify the over and abo...

Contracting Officer Unlimited Warrant Board|Complete Questions with A+ Graded Answers What is an option? An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS In your opinion, what are the keys to ensuring that the integrity of the competitive source selection process is maintained and that the overall acquisition is conducted in a fair and impartial manner? * Follow the source selection plan * Make sure evaluators have signed a non-disclosure agreement and do not have an actual or potential conflict of interest * Provide Source Selection training to all SSEB team members *Emphasize to ...

WARRANT BOARD EXAM 6|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS As a Warranted Contracting Officer, what is your primary responsibility? Contracting officers are responsible for ensuring performance of all necessary actions for effective contracting, ensuring compliance with the terms of the contract, and safeguarding the interests of the United States in its contractual relationships. Why is market research important in the acquisition process? Market research is used to help identify so...