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Contract Administration Responsibilities and Contract Financing Questions With Complete Solutions
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Contract Administration Responsibilities and Contract Financing Questions With Complete Solutions
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Contract Administration Responsibilities and ContractFinancing Questions With Complete Solutions
ACO Delegation Correct Answer Functions that cannot be
delegated from the Defense Contract Management Agency
(DCMA)
ACO Responsibilities Correct Answer Functions and
responsibilities outlined in the Federal Acquisition Regulation
(FAR) for the Administrative Contracting Officer (ACO)
ACO's Determination on a Claim Correct Answer Reviewing
facts, securing assistance, and preparing a Contracting Officer's
Final Decision (COFD) on a claim
ACO's Response to Pricer's Question on CAS Standards Correct
Answer There are 19 CAS standards, not all apply to every
contract
ACO's Response to Pricer's Question on CAS Standards Correct
Answer There are 19 CAS standards, not all apply to every
contract
ACO's Response to Pricer's Question on CAS Standards Correct
Answer There are 19 CAS standards, not all apply to every
contract
ACO's Response to Pricer's Question on CAS Standards Correct
Answer There are 19 CAS standards, not all apply to every
contract
, Actions Prior to Approving Progress Payment Requests Correct
Answer Checking financing clause, contract type, accounting
system, and First Article before approving progress payment
requests
Actions to Correct Deficiencies Correct Answer Initiating
remedies such as disallowance of cost, reduction/suspension of
payments, or termination to correct deficiencies
Additional Delegated Functions Correct Answer Functions that
could be delegated as per 42.302 (b) & (c) of the FAR
Adequacy vs. Compliance of Disclosure Statements Correct
Answer Adequacy refers to current, accurate, and complete
statements, while compliance refers to adherence to standards
Administering a UCA Correct Answer Managing timelines,
establishing a price ceiling, and monitoring progress of an
Undefinized Contract Action (UCA)
Administering a UCA Correct Answer Managing timelines,
establishing a price ceiling, and monitoring progress of an
Undefinized Contract Action (UCA)
Alternative Dispute Resolution (ADR) Correct Answer A
process to resolve issues in controversy outside of formal
litigation
Business Systems Analysis Summary (BSAS) from a Functional
Specialist Correct Answer Reviewing and discussing findings
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