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CON 3990 PREP QUESTIONS WITH CORRECT ANSWERS
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CON 3990 PREP QUESTIONS WITH CORRECT ANSWERS
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CON 3990 PREP QUESTIONS WITH CORRECTANSWERS
What are the three contracting life cycle phases - ANSWER -Pre-award, Award, and Post-award
Define the pre-award phase - ANSWER -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? - ANSWER -Requirement definition,
budgeting/funding process, and acquisition planning.
The pre-award phase consist of what two primary activities? - ANSWER -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 - ANSWER -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 - ANSWER -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? - ANSWER -Is a process continuous
through out all phases of the contracting life cycle
In planning the solicitation... - ANSWER -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... - ANSWER -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.
Con 3990 prep QUESTIONS WITH CORRECT ANSWERS
,In response to a solicitation... - ANSWER -The seller will submit an offer
The sellers offer should include - ANSWER -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? - ANSWER -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? - ANSWER -Form the contract
When the government receives offers they must analyze proposals for what? - ANSWER -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? - ANSWER -
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 - ANSWER -True
After reviewing proposals and analyzing the proposals and having exchanges with the sellers, the buyer
will then? - ANSWER -Select a source
What is the third contract life cycle phase? - ANSWER -Post award phase
What are the two primary elements of the post ward phase? - ANSWER -Perform contract and Close
Contract
Con 3990 prep QUESTIONS WITH CORRECT ANSWERS
,What is involved in the post award phase? - ANSWER -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? - ANSWER -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
True or False: Both the buyer and seller must administer the contract? - ANSWER -True
What is an important focus during post-award contract administration? - ANSWER -Quality of contract
performance
What is included in quality of contract performance? - ANSWER -This quality includes schedules, cost,
and successful delivery of services or items.
Who is responsible for quality? - ANSWER -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? - ANSWER
-Sub contractors
How can changes contract arrangements during contract performance be made? - ANSWER -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? - ANSWER -The process of verifying all the requirements of the contract are
satisfied, settling unresolved matters, and reconciling the contract to make final payment.
What tasks are included in contract close out? - ANSWER -Validation of completion of contract
requirements, disposition of property, settling sub-contractor issues, funds reconciliation and final
payment.
Con 3990 prep QUESTIONS WITH CORRECT ANSWERS
, KO stands for? - ANSWER -Contracting Officer
KO plays what role throughout contracting life cycle? - ANSWER -Requirements identification through
contract close-out, the KO's responsibilities change and evolve from phase to phase.
Acquisition definition - ANSWER -The acquiring by contract with appropriate funds of supplies or
services by and for the use of federal government through the purchase or lease, whether the supplies
or services are already in existence or must be created, develop, demonstrated, and evaluated
Acquisition team members definition - ANSWER -Consing of all participants and government acquisition
including not only representatives of the technical, supply, emperment communities but also customers
they serve, and the contractors who provide the products and services
KO's role on the acq team is to? - ANSWER -The contracting officer must have the authority to the
maximum extent practical and consistent with law, to determine the application of rules, regulations,
and policies, on the specific contract
What is required for KO appointments? - ANSWER -Requires a pointing officials, selecting contracting
officers, to consider the complexity and dollar value of the acquisitions to be assigned and the
candidates experience, training, education, business acumen, judgment, character, and reputation
What is the Contracting officer responsible for? - ANSWER -Ensuring performance of all necessary
actions for effective contracting, ensuring compliance with the terms of the contract, and safeguarding
the interest of the United States and its contractual relationships
List some responsibilities of contracting officer - ANSWER -Ensure sufficient funds, dealing with
contractors, request assistance as appropriate, and contracting officer representative
Far Part 1 - ANSWER -Federal Acquisition Regulations System
Far Part 2 - ANSWER -Definitions of Words and Terms
Far Part 3 - ANSWER -Improper Business Practices and Personal Conflicts of Interest
Con 3990 prep QUESTIONS WITH CORRECT ANSWERS
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