1) Cost analysis is: [Differentiate between price analysis and cost analysis.] the evaluation of the separate cost elements and profit in an offeror's proposal. the review and evaluation of the bottom-line price in an offeror's proposal. the comparison of all cost proposals to determine the correla...
cost analysis is differentiate between price analysis and cost analysis the evaluation of the separate cost elements and profit in an offerors proposal the review and evaluation o
CLC 011 1) Cost analysis is:[Differentiate between price analysis and cost analysis.] the evaluation of the separate cost elements and profit in an offeror's proposal. the review and evaluation of the bottom-line price in an offeror's proposal. the comparison of all cost proposals to determine the correlation between their proposed profit rates. the review and evaluation of the separate cost elements in a proposal, excluding profit.
2) In what stage of the acquisition cycle should strategic market research be conducted?[List the considerations involved with meeting the customer's requirement.] Strategic market research is an ongoing process through all phases of
the acquisition cycle Prior to contract expiration and before solicitation of the follow-on contract After requirements are completely known Immediately prior to contracting for supplies or Services
3)Alternate Dispute Resolution (ADR) procedures: [Differentiate among the various types of changes to original contract terms and conditions.] are the Government's preferred method for dealing with a dispute with a
contractor.
are permitted only for disputes involving contract actions over $10 million.
are permitted only for disputes involving contract actions over $5 million.
are permitted only after the contractor has first taken a contract dispute
to the Armed Services Board of Contract Appeals.
4) The Material Inspection and Receiving Report — the multi-purpose document that serves as evidence of inspection and acceptance, shipping document, receiving document, and contractor invoice — is designated as the:[Identify the steps involved in contract payment and contract closeout.] DD Form 250 SF 26 SF 1449
DD Form 1597 overseeing contract performance, Government acceptance, and payment. making the actual contract award. ensuring that small businesses receive their fair share of contract awards. determining which supplies or services are needed to meet the customer's mission requirements.
6)Which THREE of the following statements are correct? (select three)
[Identify the source selection issues that contracting officers must consider.] The Governmentwide Commercial Purchase Card can be used for purchases at or below the micro-purchase threshold Price analysis is required for every procurement, regardless of its dollar value At least three competitive quotes must be obtained for purchases at or below the
simplified acquisition threshold At least three competitive quotes must be obtained for purchases at or below the
micro-purchase threshold
7)Federal regulations require that contracting officers publicize proposed
contract actions expected to exceed which of the following dollar thresholds?[Identify the steps for publicizing the requirement.] $25,000
$50,000
$100,000
$500,000
8)Select the TWO statements from the choices below that are accurate statements (select two): [List the relevant issues involved with making contract awards.] [Remediation Accessed :N]
Contract bundling often results in the loss of revenue for small businesses
Contract bundling often results in a more efficient award process for the
Government
Contract bundling often results in a less efficient award process for the
Government
Contract bundling often results in an increase in revenue for small
Businesses
9)Which one of these statements is TRUE? [Compare the various contract types and evaluation methodologies.] [Remediation Accessed :N]
Fixed-price contracts place more risk on the contractor than do cost reimbursement contracts
Fixed-price contracts place approximately equal risk on the contractor as do cost-reimbursement contracts
When using a fixed-price economic price adjustment contract, the limits on price decreases must be twice the limits on price increases
The most important factor when selecting a contract type is the business size of the contractor
5) The administrative contracting officer (ACO) is responsible for:[Select the
essential elements of monitoring contract performance.] [Remediation Accessed :N]
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