What are the 3 phases of the contracting lifecycle? - ANS 1) Pre-award
2) Award
3) Post-award
What are the 2 stages in the Pre-Award phase of the contracting life cycle? - ANS 1) Acquisition Planning Stage
2) Solicitation Stage
What are the 2 stages in the Award phase of th...
What are the 3 phases of the contracting lifecycle? - ANS 1) Pre-award
2) Award
3) Post-award
What are the 2 stages in the Pre-Award phase of the contracting life cycle? - ANS 1)
Acquisition Planning Stage
2) Solicitation Stage
What are the 2 stages in the Award phase of the contracting life cycle? - ANS 1) Evaluation
Stage
2) Award Stage
What is the only stage of the Post-Award phase of the contracting life cycle? - ANS 1)
Contract Administration Stage
When contemplating the business strategy of a procurement, what should the acquisition team
consider when aligning the strategy to contractor motivations? - ANS - type of contract
- length of contract
- financing arrangement
- profit/fee percentages
- performance evaluation
- data rights
- required warranties
- maintenance/sustainment
- future requirements
What is the overall role of the contracting professional? - ANS Serve as the overall
business advisor to the acquisition team. They are responsible for guiding the customer through
the contracting life cycle stages.
What type of authority does a contracting officer hold in government contracting? - ANS
Expressed actual authority
List the four essential elements of a contract for it to be considered valid. - ANS 1) Capacity
2) Mutual Assent
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