Exam (elaborations)
CON 3900 EXAM QUESTIONS AND ANSWERS 2024
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CON 3900 EXAM QUESTIONS AND ANSWERS 2024
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CON 3900 EXAMWhat is the Government's policy as it relates to controversies with a contractor
during performance of the contract? - ANSWERS-Attempt to resolve conflict at
the contracting officer's level.
When is cost analysis used? - ANSWERS-To evaluate the reasonableness of
individual cost elements when certified cost or pricing data are required.
When is price analysis used? - ANSWERS-To verify that the overall price offered is
fair and reasonable, when certified cost or pricing data are not required.
What is price analysis? - ANSWERS-The process of examining and evaluating a
proposed price without evaluating its separate cost elements and proposed
profit. It always involves some form of comparison with other prices.
What is cost analysis? - ANSWERS-The review and evaluation of separate cost
elements and profit or fee in an offeror's or contractor's proposal. It is performed
to determine a fair and reasonable price or cost realism and it is used to evaluate
the reasonableness of individual cost elements.
A cost is allowable only when the cost complies with all of the following
requirements: - ANSWERS-Reasonableness, allocability, cost accounting standards
or generally accepted accounting principles compliant, terms of the contract, and
the limitations set forth in FAR subpart 31.2
, The weighted guidelines method focuses on what four profit factors? - ANSWERS-
Performance risk; Contract type risk; Facilities capital employed; and Cost
efficiency.
What are the exceptions to obtaining certified cost of pricing data? - ANSWERS-
Adequate price competition, Prices set by law or regulation, Commercial items,
Waivers, or Modifying a contract for a commercial item
What are clarifications? - ANSWERS-Limited exchanges, between the Government
and offerors, that may occur when award without discussions is contemplated.
What are communications? - ANSWERS-Exchanges, between the Government and
offerors, after receipt of proposals, leading to establishment of the competitive
range.
What are discussions? - ANSWERS-Exchanges (i.e., negotiations) in a competitive
environment that are undertaken with the intent of allowing the offeror to revise
its proposal. Discussions take place after establishment of the competitive range.
What type of contract shall not be used in Government contracting? - ANSWERS-
Cost-plus-a-percentage-of-cost Contract
What types of contracts can be awarded when acquiring commercial items of
supply? - ANSWERS-Firm-fixed-price contracts or fixed-price contracts with
economic price adjustment
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