Contracting Block 4 Review Exam Questions With Verified Answers
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Module
Contracting Block
Institution
Contracting Block
4-Position code that provides a brief description for federally assigned stock groups - ANSWER-Federal Stock Class (FSC)
6-Position code that best describes the principal nature of the product or service being acquired and identifies the standard that determines if a contractor is a small or lar...
contracting block 4 review exam questions with ver
4 position code that provides a brief description
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Contracting Block 4 Review Exam
Questions With Verified Answers
4-Position code that provides a brief description for federally assigned stock groups -
ANSWER-Federal Stock Class (FSC)
6-Position code that best describes the principal nature of the product or service being
acquired and identifies the standard that determines if a contractor is a small or large
business - ANSWER-North American Industry Classification System (NAICS)
3-Position code that identifies a grouping of supplies, construction, or other services
used to support contract reporting - ANSWER-Program Code (PROG)
Describes in great detail the exact requirements for performance - ANSWER-Statement
of Work (SOW)
What type of requirements document describes a performance outcome rather than
how to achieve the outcome? - ANSWER-Performance Work Statement (PWS)
States the performance objectives in very broad terms - ANSWER-Statement of
Objectives (SOO)
When preparing or reviewing specifications, consider their impact on: - ANSWER-
Competition, responsibility for performance, and the cost or price
The CO must ensure an unclassified notice of solicitation is displayed in a public place
for at least ____? - ANSWER-10 days
When must the contracting officer synopsize, post a synopsis, through the Goverment-
wide Point of Entry (GPE)? - ANSWER-Contract action exceeding $25,000; modification
exceeds $25,000; contract action in any amount when advantageous to the government
The contracting officer shall solicit quotations orally to the maximum extent practicable if
-- - ANSWER-Acquisition does not exceed SAT,
, Oral Solicitation is more efficient than electronic commerce alternatives,
Notice is not required under FAR 5.101
A ___ is NOT an offer and cannot be accepted by the government to form a contract. -
ANSWER-Quotation
What is the written solicitation method for Simplified Acquisition Procedures (SAP)
called? - ANSWER-Request for Quote (RFQ)
Construction requirements over ___ shall be written? - ANSWER-$2,000
What FAR part prescribes policies and procedures governing the use of Requests for
Proposals (RFPs) - ANSWER-FAR part 15
Request for Proposals are commonly issued for what type of requirements? -
ANSWER-Complex, noncommercial, or when there is a need to negotiate or hold
discussions with potential offerors
When a written commercial solicitation will be issued, the CO may use what procedure
to reduce the time required to solicit and award contracts? - ANSWER-Streamlined
solicitation (aka combined synopsis/solicitation)
The FAR requires that all government agencies post their solicitations and awards to
what system? - ANSWER-Federal Business Opportunities (FedBizOpps)/(FBO)
FedBizOpps is the ____ that is utilized in the Contracting Squadrons as the
Government-wide Point of Entry (GPE) - ANSWER-Electronic Posting System (EPS)
What system feature should be used to create pre-solicitation notices, combined
synopsis/solicitation, etc? - ANSWER-"Create Notice"
What are the four price related factors? - ANSWER-(TOMB)
T- transportation
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