CONQuest PRIMER Flashcards
Why is industry engagement important in the contracting life cycle?
Industry engagement is important because it helps contracting professionals understand industry motivations, explore business strategies, and establish mutually beneficial relationships with contractors.
What is the first stage of the contracting life cycle?
The first stage of the contracting life cycle is acquisition planning.
What is the final stage of the contracting life cycle?
The final stage of the contracting life cycle is contract administration, which involves holding post-award conferences, managing contract changes, issuing contract modifications, monitoring performance, confirming compliance with terms and conditions, inspection and acceptance, ensuring timely payments, assessing contractor performance, and closing out the contract.
What are the three phases of the contracting life cycle?
The three phases of the contracting life cycle are Pre-Award, Award, and Post-Award. Activities include market research, publicizing contract actions, proposal evaluation, developing contract documents, negotiations, changes, and risk mitigation.
How can contracting professionals learn about contractor motivations?
Contracting professionals can learn about contractor motivations through continuous market research.
What motivates industry in the context of contracting?
Industry is motivated by factors such as existing and historically consistent markets, exciting high-tech work, patriotic work, government funding for research and development, commercial applications, intellectual property ownership, access to new markets, business viability, future sales positioning, market share retention, attracting the right employees, competitive advantage, and good performance reviews.
How do government business strategies affect contractors?
Government business strategies affect contractors by influencing the type of contract, length of the contract, financing arrangements, profit/fee percentages, performance evaluation, data rights, required warranties, maintenance/sustainment, and future requirements, which ultimately helps in effectively motivating contractors throughout the contracting life cycle.
What are the key activities involved in the solicitation stage?
The key activities in the solicitation stage include releasing a clear and concise solicitation to industry, issuing amendments if changes are required, addressing any protests against the solicitation, and receiving comprehensive, responsive proposals in response to the solicitation.
What is the role of the Contracting Officer’s Representative (COR) in the contract administration stage?
The appointment of a Contracting Officer’s Representative (COR) is accomplished at the beginning of the contract administration stage.
What activities are involved in the evaluation stage of the contracting process?
The evaluation stage involves the evaluation of proposals, price and cost analysis, holding discussions/negotiations, determining responsiveness and responsibility, and documenting the basis for award.
What are the key components of the award stage in contracting?
The award stage includes awarding the contract, notifying industry and bidders/offerors, holding meaningful debriefs, and addressing any post-award protests that are received as a result of the award notifications.
What are the primary responsibilities of contracting professionals in the DoD?
Contracting professionals serve as business advisors to the acquisition team, guiding customers and stakeholders through the contracting life cycle, coordinating procurement, and ensuring compliance with laws and regulations.
What are the two main categories of contracting professionals?
The two main categories are Contracting Officers and Contract Specialists. The key distinction is that Contracting Officers have the authority to sign and execute contracts, binding the government, while Contract Specialists do not have this authority.
What skills are essential for effective contract management?
Essential skills include problem solving, critical thinking, customer focus, communication, and technical credibility.
What is required for a Contract Specialist to become a Contracting Officer?
A Contract Specialist must be awarded a warrant to become a Contracting Officer.
What does accountability mean in the context of contracting professionals?
Accountability means holding self and others accountable for measurable high quality, timely, and cost-effective results, determining objectives, setting priorities, and delegating work.
How can a contracting professional facilitate effective communication during the acquisition planning stage?
By establishing a communication plan that outlines clear roles and responsibilities and specifics of each team member’s authority.
What specialized skills are required in contract management?
Specialized skills include business management, financial management, project management, risk management, and supply chain management.
What are the key responsibilities of a contracting professional in contract management?
The responsibilities include planning, organizing, managing, and negotiating complex contracts, as well as satisfying requirements and fulfilling customer needs.
Why is it important for contracting professionals to understand the DoD Contracting Competency Model early in their career?
Understanding the model helps to form, align, or adjust personnel strategies to address competency gaps and provides opportunities for training and development.
What does the DoD Contracting Competency Model describe about contract management?
It describes contract management in terms of the processes created through the integration and interaction of job tasks and competencies.
What does customer service entail?
Anticipating and meeting the needs of both internal and external customers, delivering high-quality products and services, and being committed to continuous improvement.
What are interpersonal skills?
Treating others with courtesy, sensitivity, and respect, and considering and responding appropriately to the needs and feelings in different situations.
What does resilience mean in a professional setting?
Dealing effectively with pressure, remaining optimistic and persistent under adversity, and recovering quickly from setbacks.
