Situational Assessment & Team Dynamics

Question 1

Define Life-Cycle Cost

Answer 1

Per FAR 7.101 “the total cost to the Government of acquiring, operating, supporting, and (if applicable) disposing of the items being acquired”

Question 2

Define Market Research

Answer 2

Per Far 2.101 “collecting and analyzing information about capabilities within the market to satisfy agency needs.”

Question 3

What FAR focuses on Market Research?

Answer 3

FAR Part 10

Question 4

What is the FAR reference that addresses Market Research policy?

Answer 4

FAR 10.001

Question 5

What is the FAR reference that addresses Market Research procedures?

Answer 5

FAR 10.002

Question 6

What types of costs does the contracting life cycle consist of?

Answer 6

Acquisition, supporting, disposal, and operating

Question 7

Who is the one member within the aquisition team that can contractually obligate the Government?

Answer 7

The contracting officer

Question 8

What is a contracting officer’s representative (COR)?

Answer 8

an individual designated and authorized in writing by the contracting officer to perform specific technical or administrative functions.

Question 9

T/F: A COR does has the authority to enter into, change, or terminate a contract. Those authorities belong only to the contracting officer.

Answer 9

False

Question 10

What are some benefits of postaward orientation?

Answer 10

Aids both Government and contractor personnel to (1) achieve a clear and mutual understanding of all contract requirements, and (2) identify and resolve potential problems.

Question 11

T/F: Postaward orientations are not a substitute for the contractor’s fully understanding the work requirements at the time offers are submitted

Answer 11

True

Question 12

T/F: Postaward orientations are used to alter the final agreement arrived at in any negotiations leading to contract award.

Answer 12

False

Question 13

What FAR reference prescribes policies and procedures for the postaward orientation?

Answer 13

FAR subpart 42.5