Q&A Deck 2 Flashcards
What does the introductory text of each provision or clause include?
- cross-reference to the FAR
- identification of modified text
- the full text of the provision or clause
- rationale for inclusion of the provision or clause
FAR 52.101
cross-reference to the FAR
What are the two types of contract modifications?
- Negotiated and administrative
- Limited and unlimited
-Enforceable and unenforceable - Unilateral and bilateral
FAR 43.103
Unilateral and bilateral
What bond secures fulfillment of the Contractor’s obligations under a patent provision?
- Advance payment bond
- Annual bid bond
- Performance bond
- Patent infringement bond
FAR 28.001(4)
Patent infringement bond
How can an agency working in a specific category of contracts streamline incorporating provisions and clauses?
- Continue to cite the provisions and clauses individually
- Create and reference electronic group listing of provisions and clauses
- Print and collate multiple copies of the necessary provisions and clauses
- Provide provisions and clauses upon request
FAR 52.102
Create and reference electronic group listing of provisions and clauses
The contracting officer may modify provisions and clauses if:
- substitute words are agreed upon by both parties
- all changes are documented thoroughly
- Â the FAR authorizes their modification
- the situation calls for modification
FAR 52.104(a)
- Â the FAR authorizes their modification
What types of costs are normally segregable and accountable under the terms of the Change Order Accounting clause?
indirect costs
fringe costs
general and administrative costs
direct costs
FAR 43.203
direct costs
If the Government has determined that it is in its best interests to purchase from the committee for Purchase from People Who Are Blind or Severely Disabled, the contracting officer shall authorize contractors purchasing supply items for Government use that are available from the Committee for Purchase from People Who Are Blind or Severely Disabled to purchase such items if they are available from the following agencies through their distribution facilities except for:
- Defense Logistics Agency (DLA),
- General Services Administration (GSA)
- National Aeronautics Space Administration (NASA)
- Department of Veterans Affairs (VA)
FAR 51.101
National Aeronautics Space Administration (NASA)
Where can executive agencies obtain standard and optional forms?
GSA Forms Library
Acquisition.gov
From the prescribing agency
Via internet search
FAR 53.107
GSA Forms Library
The terminating contracting officer shall recommend the release of excess funds to the contracting officer within how long after the receipt of the termination notice?
30 days
3 months
10 days
14 days
FAR 49.105-2
30 days
If the contractor does not have an approved purchasing system, consent to subcontract is required for all of the following except which?
- Cost-reimbursement contracts
- Fixed-price contracts below the simplified acquisition threshold
- Time-and-materials contracts
- Letter contracts
FAR 44.201-1(b)
Fixed-price contracts below the simplified acquisition threshold
Which of the following is required for the Government to effect a no-cost settlement in lieu of a termination for convenience or default?
- There are no outstanding debts due to the Government
- The price of the contract is less than $5,000
- Government property was furnished
- The contractor has outstanding obligations
FAR 49.109-4
There are no outstanding debts due to the Government
Regarding the authority to use extraordinary contractual actions, agencies shall maintain complete records of all actions taken under FAR 50.1.For request for relief processed, these records shall include, as a minimum the following except:
- Approval above the contracting officer.
- The contractor’s request.
- All relevant memorandums, correspondence, affidavits, and other pertinent documents.
- A copy of the contractual document implementing an approved request.
FAR 50.101-3
Approval above the contracting officer.
Who oversees government contract quality assurance for seafood?
- Food and Drug Administration
- Department of Agriculture
- National Marine Fisheries Service of the Department of Commerce
- Department of Commerce
FAR 46.408
National Marine Fisheries Service of the Department of Commerce
Which of the following is true about requests for the use of Government property by international organizations?
- The foreign organization may receive title to the Government-furnished property
- Such requests shall never be granted
- The Government must charge the international organization a rental fee
- Such requests shall be processed in accordance with agency procedures
FAR 45.302
Such requests shall be processed in accordance with agency procedures
Which of the following is not an appropriate use for Standard Form 30?
- A unilateral amendment to a solicitation
- A change order issued under the Changes clause
- The addition of funds to a contract
- A price change, with the amount of the change furnished to the contractor on the form
FAR 43.201
A price change, with the amount of the change furnished to the contractor on the form
Which of the following is true about a Government bill of lading?
- It cannot be used as a receipt for goods
- It is not an accountable transportation document
- It applies to transportation of contractor personnel
- It is authorized and prepared by a Government official
FAR 47.001
- It is authorized and prepared by a Government official
What kind of contract directly engages the time and effort of a contractor whose primary purpose is to perform an identifiable task rather than to furnish an end item of supply?
Nonpersonal services contract.
Federal Supply Schedule.
Service contract.
Modular contract.
FAR 37.101
Service contract.
A performance work statement:
- includes measurable performance standards
- is difficult to evaluate based on contractor performance
- must include performance incentives
- always results from a Statement of Objectives
FAR 37.601(b)(2)
includes measurable performance standards
What is the purpose of the monthly review of utility service invoices?
- To review the financial status of the contract.
- To examine competitive markets for better service offerings.
- To review that the contract remains under the simplified acquisition threshold.
- To ensure the accuracy of the invoices.
FAR 41.401
- To ensure the accuracy of the invoices.
Which type of construction contract should be used when the price for materials is likely to fluctuate with market conditions?
- Cost reimbursement
- Firm-fixed-price contract
- Fixed-price contract with economic price adjustment
- Time & Materials contract
FAR 36.207(c)
- Fixed-price contract with economic price adjustment
What is the preferred method for acquiring services?
- Sealed Bidding procedures
- Bundling
- Multi-year contracting
- Performance-based acquisition
FAR 37.102(a)
- Performance-based acquisition
For agencies delegated authority to establish new Federal Supply Schedules, what must the contracting officer do prior to establishing such a contract?
- Obtain approval from the Office of Management and Budget
- Obtain permission from the Administrator of General Services
- Obtain approval from the GSA Federal Supply Service
- Obtain advisory or assistance services
FAR 38
Obtain approval from the GSA Federal Supply Service
To the maximum extent practicable, FAR Part 37 requires the use of what for acquisitions of services?
- Cost-reimbursement contracts
- Multiyear contracts
- Performance-based acquisition
- Negotiated extensions to existing contracts
FAR 37
- Performance-based acquisition
Which of the following is not an example of information technology?
A building’s digital thermostat
A modem
A computer hard drive
Software development
FAR 39
A building’s digital thermostat
n indirect cost rate established temporarily for interim reimbursement of incurred indirect costs and adjusted as necessary pending establishment of final indirect cost rates is called what?
Billing rate
Prevailing rate
Required rate
Interim rate
FAR 42.7
Billing rate
All of the following statements concerning Federal Supply Schedules are true EXCEPT:
- They provide Federal agencies with a simplified process of acquiring commercial supplies and services in varying quantities while obtaining volume discounts.
- Firms provide supplies and services at stated prices for given periods of time, for delivery within a stated geographic area.
- Federal agencies not identified in the schedules as mandatory users may issue orders under the schedules.
- Federal agencies not identified in the schedules as mandatory users may NOT issue orders under the schedules.
FAR 38.101
- Federal agencies not identified in the schedules as mandatory users may NOT issue orders under the schedules.
Payment by the government is made on the _______ day after the designated billing office receives a proper invoice.
30th
13th
3rd
10th
FAR 32.904(b)
30th
Which of the following shall be used when the principle purpose of the transaction is to stimulate or support research and development for another public purpose?
Firm-fixed-price contracts
Sealed bids
Letter contracts
Grants or cooperative agreements
FAR 35.003(a)
Grants or cooperative agreements
Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification?
- Yes, because the aggregate value of the claim exceeds $500,000.
- No, because the claimed amount is less than $500,000.
- Yes, the aggregate value of the claim exceeds $100,000.
- No, because the claimed amount is less than $100,000.
FAR 33.207
- Yes, the aggregate value of the claim exceeds $100,000.
What is the customary progress payment percentage rate for small business concerns?
10%
50%
85%
15%
FAR 32.501-1
85%
The Contracts Dispute Act of 1978 states contractors shall provide certification as specified in FAR 33.
$100,000
$15,000
$65,000
$150,000
FAR 33.207(a)
$100,000
Generally, which type of contract shall be used to acquire construction?
Cost-plus-award fee
Cost-plus-incentive fee
Firm-fixed-price
Letter contracts
FAR 36.207(a)
Firm-fixed-price
What is a market condition that exists when two or more contractors, acting independently, actively contend for the government’s business in a manner that ensures that the government will be offered the lowest cost or price alternative or best technical design meeting its minimum needs?
National Security System
Non-Personal Services Contract.
Effective Competition
Modular Contracting
FAR 34.001
Effective Competition
In preparing work statements, technical and contracting personnel shall consider and, as appropriate, provide in the solicitation all of the following EXCEPT:
- a statement of the area of exploration, tasks to be performed, and objectives of the research or development effort.
- reporting requirements and information on any additional items that the contractor is require to furnish as the work progresses.
- information on factors such as personnel, environment, and interfaces that may constrain the results of the effort.
- a precise description of the work and methods.
FAR 35.005
- a precise description of the work and methods.
Which of the following is NOT true about Advance Agreements?
- In writing, executed by both parties
- Negotiated after the incurrence of costs
- Negotiated before a contract
- Negotiated during a contract
FAR 31.109(b)
- Negotiated after the incurrence of costs
A ____________ ensures payment as required by law to all persons supplying labor or material in the prosecution of the work provided for in the contract.
Bid bond
Performance bond
Payment bond
Patent infringement bond
FAR 28.001
Payment bond
Which bond type secured performance and fulfillment of the contractor’s obligation under a contract?
Payment bond
Performance bond
Advance payment bond
Bid guarantee
FAR 28.001(6)
Performance bond
A cost is ____________ if it does not exceed that which would be incurred by a prudent person in the conduct of competitive business.
bona fide
allowable
reasonable
allocable
FAR 31.201-3
reasonable
The Contracting Officer shall not award a CAS-covered contract until the _____________ has made a written determination that the required disclosure statement is adequate.
Program Manager
Agency Head
Cognizant Federal Agency Official
Contracting Activity
FAR 30.202-6
Cognizant Federal Agency Official
Which of the following is not a type of surety?
Co-surety
Individual
Corporate
Multiple
FAR 28.001
Multiple
What does CASB stand for?
- Contract Administration Standards Bulletin
- Citizen Accounting Standards Board
- Cost Accounting Standards Board
- None of the above
FAR 30.000
- Cost Accounting Standards Board
Which of the following is not a reason to allocate a cost to a government contract?
- It is necessary to the overall operation of the business.
- Bona fide need.
- It benefits both the contract and other work, and can be distributed to them in a reasonable manner.
- It is incurred specifically for the contract.
FAR 31.201-4
Bona fide need.
Costs for contingencies are generally __________ for historical costing purposes.
Allowable
Estimated
Unallowable
Allocated
FAR 31.205-7 (b)
Unallowable
What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure?
Paperwork Reduction Act
Federal Records Act
Freedom of Information Act
Privacy Act of 1974
FAR 24.203(a)
Freedom of Information Act
________________ provides for upward or downward revision of the state contract price upon occurrence of specified contingencies.
- Fixed-Price with prospective price determination
- Cost-Plus-Fixed-Fee contracts
- Fixed ceiling price with retroactive price determination
- Fixed-Price with economic price adjustment
FAR 16.203
- Fixed-Price with economic price adjustment
Some acceptable contents of a subcontracting plan include the following.
- A description of the method used to develop the subcontracting goals.
- The description of the method used to identify potential sources for solicitation purposes.
- A statement of the total dollars planned to be subcontracted.
- Assurances that the offeror will include the clause at 52.219-6.
FAR 19.704
- Assurances that the offeror will include the clause at 52.219-6.
Which of the following is not included in an Interagency Acquisition?
- Funds citation
- Small business subcontracting plan
- Delivery requirements
- A description of the supplies and services
FAR 17.50
Small business subcontracting plan
The contracting officer must, to the extent practicable, provide maximum participation opportunity to all of the following EXCEPT:
- Veteran-owned small business
- HUBZone small business
- Disabled-minority-owned small business
- Service-disabled veteran-owned small business
FAR 19.2
- Disabled-minority-owned small business
What does FEMP stand for?
- Federal Energy Management Program
- Federal Energy Management Products
- Federal Environment Management Program
- Federal Environment Management Products
FAR 23.103
- Federal Energy Management Program
A Certificate of Competency is:
- A Certificate issued by the Contracting officer upon reviewing a small business concern and determining the concern is capable of performing a specific Government contract.
- The Certificate by the small business concern stating its ability to perform a specific Government contract.
- A Certificate issued by the Department of Labor upon reviewing a small business concern and determining the concern is capable of paying prevailing wage rates on a specific Government contract.
- A Certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract.
FAR 19.601(a)
- A Certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract.
Which agency establishes small business size standards on an industry-by-industry basis?
- Bureau of Economic Analysis
- Small Business Administration
- Agency for International Development
- Census Bureau
FAR 19.1
Small Business Administration
This law states laborers and mechanics must be paid time and a half for overtime work (e.g.;40 hours/week)?
- Wage Rate Requirements statute
- Kickbacks statute
- Minimum Wage Act
- Contract Work Hours and Safety Standards Act
FAR 22.403-3
Contract Work Hours and Safety Standards Act
Each acquisition of supplies or services that has an anticipated dollar value above the _______________, but not over the ___________, shall be set aside for small business unless the contracting officer determines there is not a reasonable expectation of obtaining offers from two or more responsible small business concerns that are competitive in terms of fair market prices, quality, and delivery.
- Copeland (Anti-Kickback) Act threshold, Truthful Cost Or Pricing threshold
- make-or-buy threshold, sale-of-goods threshold
- micro-purchase threshold, simplified acquisition threshold
- nano-purchase threshold, micro-purchase threshold
FAR 19.502-5
- micro-purchase threshold, simplified acquisition threshold
Which of the following is not a method for simplified acquisition?
- Blanket purchase agreement
- Purchase order
-Governmentwide commercial purchase card - Advance agreement
FAR 13.3
Advance agreement
A post-award debriefing of offerors shall NOT include which of the following:
- The overall ranking of all offerors.
- The overall evaluated cost or price (including unit prices), and technical rating of the successful offeror and the debriefed offerors.
- Commercial and financial information, including cost breakdowns, indirect cost rates, and similar information.
- Reasonable responses to relevant questions about whether source selection procedures contained in the solicitation, applicable regulations, and other applicable authorities were followed.
FAR 15.506
- Commercial and financial information, including cost breakdowns, indirect cost rates, and similar information.
Which analytical technique shall be used to determine the probable cost of performance for each offeror under cost-reimbursement type contracts?
Regression analysis
Unbalanced pricing
Cost realism analysis
Technical analysis
FAR 15.404-1
Cost realism analysis
A ______________ is the review and evaluation of any separate cost elements and profit or fee in an offeror’s or contractor’s proposal, as needed to determine a fair and reasonable price or to determine cost realism, and the application of judgment to determine how well the proposed costs represent what the cost of the contract should be, assuming reasonable economy and efficiency.
Price analysis
Cost Analysis
Technical Analysis
Cost Realism Analysis
FAR 15.404
Cost Analysis
The objective when negotiating contract type and price is to negotiate one that will result in:
- Lowest price for the government
- Reasonable contractor risk and greatest incentive for efficient and economical performance
- Reasonable risk to the government and greatest incentive for cost savings
- Reasonable incentive for fast delivery and lowest risk to the government
FAR 16.103
Reasonable contractor risk and greatest incentive for efficient and economical performance
Price means cost plus any ___________ applicable to the contract type.
fee or profit
administration fee
fixed fee
processing fee
FAR 15.401
fee or profit
Two-Step bidding can use which of the following types of contracts?
Firm-Fixed-Price
Cost-Plus-Fixed-Fee
Time & Materials
None of the above
FAR 14.502
Firm-Fixed-Price
________________ Contracts place maximum risk and full responsibility for all costs and resulting profit and loss upon the Contractor.
Firm-Fixed-Price
Incentive
Cost Reimbursement
Time & Material
FAR 16.202
Firm-Fixed-Price
Which of the following is an order for supplies or services for which the price is not established at the time of issuance of the order?
Purchase order
Unpriced Purchase Order
Letter Contract
Blanket Purchase Order
FAR 13.302-2
Unpriced Purchase Order
What is price analysis?
- The review and evaluation of the separate cost elements excluding profit in an offeror’s proposal.
- The process of examining and evaluating a proposed price by evaluating its separate cost elements and proposed profits and is used when cost or pricing data are not required.
- The review and evaluation of the separate elements and profit in an offeror’s proposal.
- The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profits and is used when cost or pricing data are not required.
FAR 15.404
The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profits and is used when cost or pricing data are not required.
If market research establishes that the Government’s need may be met by a type of item or service customarily available in the commercial marketplace, the contracting officer must solicit and award any resultant contract in accordance with FAR Part ___.
10
11
13
14
FAR 10.002
10