Con 3990 prep Questions and Correct
Answers | Latest Update
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.
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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
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
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✓ -:- 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
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
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✓ -:- 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 compliance with one contractual terms and conditions and
two contract technical requirements during contract performance up to contract
close out or termination
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