Exam (elaborations)
Con 3990 prep Questions and Answers (100% Pass)
- Course
- Institution
Con 3990 prep Questions and Answers (100% Pass)
[Show more]
Content preview
©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Saturday, August 3, 2024 7:34 AMWEST VIRGINIA UNIVERSIRTY- ( WV) : 26506
Con 3990 prep Questions and Answers (100% Pass)
What are the three contracting life cycle phases - ✔️✔️Pre-award, Award, and Post-
award
Define the pre-award phase - ✔️✔️Invokes all work performed by both the buyer (Gov't or
Prime Contractor) and seller (contractor or sub) in communicating the buyer's
requirements and providing a solution to those requirements
What typically starts before the contracting process? - ✔️✔️Requirement definition,
budgeting/funding process, and acquisition planning.
The pre-award phase consist of what two primary activities? - ✔️✔️Develop Solicitation
(for our purpose, this is done by the Gov't or the contractor) and develop offer (this is
done by the contractor or sub)
In planning the solicitation - ✔️✔️The buying activity must assess the need and analyze
the requirement as well make sure that contract outcomes will be measurable and
properly incentivized. They buying activity must also verify availability of funds.
Buying activities must also - ✔️✔️Conduct market research to identify potential suppliers,
evaluate if the requirement is achievable, and perform any pre-offer conferences or
communication
1
,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Saturday, August 3, 2024 7:34 AM
WEST VIRGINIA UNIVERSIRTY- ( WV) : 26506
Market Research happens in what phases of contracting life cycle? - ✔️✔️Is a process
continuous through out all phases of the contracting life cycle
In planning the solicitation... - ✔️✔️Buying activities should analyze risk that can take the
form of performing make or by decisions, conducting a supply or service determination,
and understanding the required schedule or needs of the customer.
Before finalizing the solicitation... - ✔️✔️The contract manager will participate in choosing
a contract type and contracting method, help determine applicable regulations, and
assist in building an evaluation strategy for offers.
In response to a solicitation... - ✔️✔️The seller will submit an offer
The sellers offer should include - ✔️✔️The offer must've line with the offerers overall
sales plan and overall risk category. determining which parts of the contract
performance the offer will need assistance from partners, subcontractors, or vendors.
Communicate with the buying activity to make sure all information has been provided
What is the award phase? - ✔️✔️The second contract life cycle phase is award. The word
phase involves all work performed by both the buyer and seller that produces an award
contract.
What is one activity in the ward phase? - ✔️✔️Form the contract
2
,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Saturday, August 3, 2024 7:34 AM
WEST VIRGINIA UNIVERSIRTY- ( WV) : 26506
When the government receives offers they must analyze proposals for what? - ✔️✔️In
terms of risk, review for price of reasonableness, and document the results of the
analysis.
Based on the analysis of proposal, to plan for negotiations the government may ask for?
- ✔️✔️Clarification from offers and then develop negotiation objectives. The offer will
respond to the request for clarification and prepare for negotiations as well.
True or false; the buyer and seller may exchange ideas or have discussions, they may
be informal or highly structured as needed during the award phase - ✔️✔️True
After reviewing proposals and analyzing the proposals and having exchanges with the
sellers, the buyer will then? - ✔️✔️Select a source
What is the third contract life cycle phase? - ✔️✔️Post award phase
What are the two primary elements of the post ward phase? - ✔️✔️Perform contract and
Close Contract
What is involved in the post award phase? - ✔️✔️Involves all the work performed by both
the buyer and seller during contract performance, to include changes to the contract,
contract close out, and sometimes termination of a contract.
What happens during post award phase activity perform the contract? - ✔️✔️During this
phase, we are monitoring risk in assessing its impact on contract performance ensuring
3
, ©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Saturday, August 3, 2024 7:34 AM
WEST VIRGINIA UNIVERSIRTY- ( WV) : 26506
compliance with one contractual terms and conditions and two contract technical
requirements during contract performance up to contract close out or termination
True or False: Both the buyer and seller must administer the contract? - ✔️✔️True
What is an important focus during post-award contract administration? - ✔️✔️Quality of
contract performance
What is included in quality of contract performance? - ✔️✔️This quality includes
schedules, cost, and successful delivery of services or items.
Who is responsible for quality? - ✔️✔️The seller has the responsibility for quality,
however the buyer must have proper oversight to protect the interest of stake holders
Most sellers have a supply chain of support for their contract performance, they are
know as? - ✔️✔️Sub contractors
How can changes contract arrangements during contract performance be made? -
✔️✔️Buyer and seller negotiations for a contract modification or a unilateral modification
of provisions are met. Sometimes, contract termination will be needed.
What is Contract close out? - ✔️✔️The process of verifying all the requirements of the
contract are satisfied, settling unresolved matters, and reconciling the contract to make
final payment.
4
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller OliviaWest. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
76799 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now