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Contracting Exam #1-4 questions with Correct answers $13.99   Add to cart

Exam (elaborations)

Contracting Exam #1-4 questions with Correct answers

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  • Course
  • FAC-C - Federal Acquisition Certification in Contracting
  • Institution
  • FAC-C - Federal Acquisition Certification In Contracting

The major categories of acquisition: Correct Answer-1. Supplies and equipment 2. Services 3. Construction 4. Research and Development What is the source of the Government's contracting powers? Correct Answer-Constitution The three major phases of contracting: Correct Answer-1. Contract Pla...

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  • August 20, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • FAC-C - Federal Acquisition Certification in Contracting
  • FAC-C - Federal Acquisition Certification in Contracting
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Contracting Exam #1-4 questions with Correct
answers
The major categories of acquisition: Correct Answer-1. Supplies and
equipment
2. Services
3. Construction
4. Research and Development


What is the source of the Government's contracting powers? Correct
Answer-Constitution


The three major phases of contracting: Correct Answer-1. Contract
Planning (Working w/customer)
2. Contract Formation (Execution)
3. Contract Administration (Assessment)


What is conducted during Contract Planning? Correct Answer-1. Market
research
2. Planning for Competition
3. Describing agency needs


(Market Research, Commercial Items, Describing Agency Needs,
Competition, Contract Type, Special Contracting Methods,
Socioeconomic Programs, Special Terms & Conditions, Contractor
Qualifications, Financing)

,What is conducted during Contract Formation? Correct Answer-1.
Solicitation
2. Negotiation of contract terms
3. Prepare and award


(Publicizing Contract Actions, Sealed Bidding, Contracting by
Negotiation, Simplified Acquisition Procedures, Contract Pricing,
Emergency Acquisitions)


What is conducted during Contract Administration? Correct Answer-All
post award activities:


(Post-award Orientation, Contract Interpretation, Quality Assurance,
Payment, Modifications, Administration of Special Terms & Conditions,
Government Property, Delays, Disputes and Appeals, Terminations,
Closeout)


The types of KOs and their duties: Correct Answer-1. Procuring
Contracting Officer (PCO) -
KO primarily engaged in awarding contracts
2. Administrative Contracting Officer (ACO) -
Primarily engaged in administering contracts (Post Award)
3. Termination Contracting Officer (TCO) -
Primarily engaged in Terminating Contracts1.

, Contracting Officer is a person with the _____________ to enter into,
administer, and/or terminate contracts. Correct Answer-authority


Christian Doctrine Correct Answer-Legal rule providing that clauses
required by regulation to be included in government contracts will be
read into a contract whether or not physically included in the contract,
unless a property deviation from the regulations has been obtained.


Types of Contracting Authority: Correct Answer-1. Express
2. Implied
3. Apparent


What branch of government do we fall under? Correct Answer-
Executive


List some key success factors for effective team building? Correct
Answer-Leadership
Member Competency
Skill mix
Shared vision
Collaboration
Empowerment
Technology Support
Collocation

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