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CON 3900 Exam Questions with Correct Answers

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CON 3900 Exam Questions with Correct Answers Market research is conducted during which phase of acquisition? - Answer-All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? - Answer-Deviation Simplified Acquisition Procedures (SAP) should - Answer-Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? - Answer-DD Form 1547, Weighted Guidelines Method What type(s) of contracts ...

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Con 3900 2024 Exam Questions and Answers All Correct

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Con Exam Questions and Answers All Correct Express Actual Authority: - Answer-Authority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - Answer-authority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - Answer-someone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - Answer-he FAR and states ...

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Con 3900 Test Questions with Correct Answers

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Con 3900 Test Questions with Correct Answers When using invitations for bids (IFBs), what types) of contracts can be awarded? - Answer-Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment The contracting officer shall take which of the following actions to encourage small business participation in acquisitions? - Answer-Divide acquisitions into reasonably small lots to permit offers on quantities less than the total requirement Government contract typ...

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CON 3900 Quizes with Complete Solutions

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CON 3900 Quizes with Complete Solutions What type of contract shall not be used in Government contracting? - Answer-Cost-plusa-percentage-of-cost Contract What types of contracts can be awarded when acquiring commercial items of supply? - Answer-Firm-fixed-price contracts or fixed-price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - Answer-DD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifier (PIID)?...

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CON 3900 Quiz Questions with Correct Answers

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CON 3900 Quiz Questions with Correct Answers What type of contract shall not be used in Government contracting? - Answer-Cost-plusa-percentage-of-cost Contract What types of contracts can be awarded when acquiring commercial items of supply? - Answer-Firm-fixed-price contracts or fixed-price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - Answer-DD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifier (P...

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CON 3900 Cost and Price Analysis Test Questions With Correct Answers

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CON 3900 Cost and Price Analysis Test Questions With Correct Answers What is the definition of Price? - Answer-cost plus any fee or profit What is the Government's Pricing Policy? - Answer-comes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - Answer-price or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) Wha...

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CON 3900 Week 2 QUIZ Questions with Answers

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CON 3900 Week 2 QUIZ Questions with Answers Government's policy that before executing a contract, the contracting officer must: - Answer-Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting - Answer-Purchase requirement as a commercial Item Contracting officers shall provide property to contractors only when it is clearly demonstrated that - Answer-The overall bene...

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CON 3900 Week 3 Test Questions with Answers All Correct

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CON 3900 Week 3 Test Questions with Answers All Correct Where does the majority of risk fall in a firm-fixed price contract? - Answer-The contractor What is the definition of price according to FAR 15.401? - Answer-Price = Cost + any fee or profit applicable to the contract type What are the contracting officer's responsibilities with regards to price? (1 of 3) - Answer-Purchase supplies and services from responsible sources at fair and reasonable prices What are the contracting offi...

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CON 3900 Week 4 Exam Questions and Answers All Correct

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CON 3900 Week 4 Exam Questions and Answers All Correct How can a prospective contractor be determined responsible IAW FAR 9.104-1? (1 of 7) - Answer-Have adequate financial resources to perform the contract, or the ability to obtain them How can a prospective contractor be determined responsible IAW FAR 9.104-1? (2 of 7) - Answer-Be able to comply with required performance or delivery schedule How can a prospective contractor be determined responsible IAW FAR 9.104-1? (3 of 7) - Answer...

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