CFCM STUDY GUIDE EXAM REVIEW QUESTIONS WITH ANSWERS

CFCM STUDY GUIDE EXAM REVIEW QUESTIONS WITH ANSWERS Which of the following is not a required element in a Broad Agency Announcement? a) A description of the agency's research interest b) An estimate of the level of effort required c) The criteria by which proposals will be selected d) The period of time during which proposals will be accepted - Answer-b) An estimate of the level of effort required Drawings submitted by a contractor to show the construction of a particular structure as actually completed under the contract are called what? a) Plans b) Specifications c) Design drawings d) Record drawings - Answer-d) Record drawings A contractor under a construction contract provides the Government with a quantity of unit-priced items other than the quantity called for. Can the Government or the contractor demand an adjustment in the contract price? a) Yes, but only if the quantity provided is greater than the expected quantity b) Yes, if the variation exceeds plus or minus 15 percent of the expected quantity c) Only the Government can demand such an adjustment; the contractor cannot d) No, the Government must not accept the items - Answer-b) Yes, if the variation exceeds plus or minus 15 percent of the expected quantity Liquidated damages are typically assessed: a) only when a contract is terminated for default. b) in a lump sum at completion of the contract. c) per calendar day. d) when the contracting officer wants to incentivize the contractor. - Answer-c) per calendar day. Which of the following shall not be made available to a member of the public under the Freedom of Information Act?