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CON 3900V Week 2 Quiz questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating
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CON 3900V Week 2 Quiz questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

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  • August 5, 2024
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  • 2024/2025
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  • con 3900v week 2 quiz questions and correct answer

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  • Commercial Construction
  • Commercial Construction

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CON 3900V Week 2 Quiz
A. Adequate price competition

Feedback: See FAR 15.403-1(b) - ANS-5. Which of the following is an exception to obtaining
certified cost or pricing data?

A. Adequate price competition
B. Sole source acquisition
C. Subcontractor contracts
D. Noncommercial item

A. Essential physical characteristics

Feedback: FAR 11.002(a)(2) - ANS-10. To the maximum extent practicable, acquisition officials
shall state requirements of supplies or services in terms of functions to be performed,
performance required, or:

A. Essential physical characteristics
B. Commerciality
C. Requiring activity preference
D. Availability

A. Expected to exceed $25,000

Feedback: See FAR 5.101(a)(1) - ANS-16. At what dollar value must a contracting officer
synopsize a proposed contract action in the Governmentwide point of entry (GPE)?

A. Expected to exceed $25,000
B. Expected to be between $15,000 and $25,000
C. Only if exceeding $500,000
D. Only if exceeding $1,000,000

A. Fairness

Feedback: See FAR 1.102(b)(3) - ANS-18. An overarching principle for responding to questions
from all potential offerors is:

A. Fairness
B. Brevity
C. Protest avoidance
D. Narrowing of competition

, A. Fixed-price with economic price adjustment

Feedback: See FAR 16.203 - A fixed-price contract with economic price adjustment may be
used when (i) there is serious doubt concerning the stability of market or labor conditions that
will exist during an extended period of contract performance, and (ii) contingencies that would
otherwise be included in the contract price can be identified and covered separately in the
contract. - ANS-29. What type of contract should be used for an item that uses a very large
amount of gold and other precious metals in the manufacturing process?

A. Fixed-price with economic price adjustment
B. Firm-fixed-price with performance-based payments
C. Cost plus award fee
D. Time and materials

A. Motivating contractor efforts that might not otherwise be emphasized

Feedback: See FAR 16.401(a) - ANS-8. Incentive contracts are designed to obtain specific
acquisition objectives by:

A. Motivating contractor efforts that might not otherwise be emphasized
B. Ensuring contractors meet minimum requirements
C. Allowing the Government to meet funding objectives
D. Addressing fluctuations in market conditions

A. Obtain written assurance from the responsible fiscal authority that adequate funds are
available.

Feedback: See FAR 32.702(a) - ANS-1. It is the Government's policy that before executing a
contract, the contracting officer must:

A. Obtain written assurance from the responsible fiscal authority that adequate funds are
available.
B. Obtain written assurance from the paying office that adequate funds are available.
C. Confirm that the Appropriations Bill has passed.
D. Obtain written assurance from the head of the contracting office that adequate funds are
available.

A. The Governmentwide Point of Entry (GPE)

Feedback: See FAR 2.101, definition of "Government point of entry" - ANS-25. Which of the
following is specifically set up to help firms view current Government business opportunities?

A. The Governmentwide Point of Entry (GPE)

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