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Con 3990 prep questions and correct answers latest update 2025
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Con 3990 prep questions and correct answers latest update 2025
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CON 3990 Exam Study Guide 20241.Allowable Cost: Reasonable?: Yes
2.Allowable Cost: Realistic?: No
3.Allowable Cost: Any limitations set forth in FAR subpart 31.2?: Yes
4.Allowable Cost: IAW the terms of the contract?: Yes
5.Allowable Cost: IAW Common Law?: No
6.Allowable Cost: Allocable?: Yes
7.Allowable Cost: IAW Cost Accounting Standards; IAW Generally
Accepted
Accounting Standards?: Yes
8. Allowable Cost: Any Limitations set forth in FAR subpart 15.1?: No
9. Modification Type: Exercising an Option: Unilateral
10. Modification Type: Administrative Change: Unilateral
11. Modification Type: An Agreement definitizing a letter contract: Bilateral
12. Modification Type: Modifying terms and conditions: Bilateral
13. Modification Type: Negotiated equitable adjustment: Bilateral
14. Modification Type: Issue a change order: Unilateral
15. Contract type: Cost-Plus-Percentage of Cost: Shall not be used
16. Contract type: FP-EPA: Commercial Item & Sealed Bidding
17. Contract type: FFP: Commercial Item & Sealed Bidding
18. Contract type: Cost-Plus-Incentive-Fee: Incentive Contracts
19. Contract type: Cost-Plus-Award-Fee: Incentive Contracts
20. Contract type: Fixed Price Incentive Firm: Incentive Contracts
21. Cost or Pricing Data: Factual, not judgmental?: Yes
22. Cost or Pricing Data: Opinions?: No
23. Cost or Pricing Data: Subjective?: No
24. Cost or Pricing Data: Verifiable?: Yes
25. Cost or Pricing Data: Facts expected to significantly affect price
negotiations?: Yes
26. C or P Analysis? Comparison of proposed prices in response to the
solicitation: Price Analysis
27. C or P Analysis? Verification of cost or pricing data and evaluation of
cost elements: Cost Analysis
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