CON 1200V EXAM QUESTIONS AND ANSWERS A+ GRADED
Which one of the following contract types is considered an incentive type contract?
1. Cost Contract
2. Firm Fixed Price
3. Time and Material Contracr
4. Cost Plus Award Fee Contract
Cost Plus Award Fee Contract (FAR 16.401(e))
Which one of ...
Which one of the following contract types is considered an incentive type
contract?
1. Cost Contract
2. Firm Fixed Price
3. Time and Material Contracr
4. Cost Plus Award Fee Contract
Cost Plus Award Fee Contract (FAR 16.401(e))
Which one of the following is a characteristic of cost reimbursable type
contracts?
1. Requires Maximum Gov Surveillance
2. The contractor shall deliver or risk default
3. Profit is not limited
4. The risk to the contractor is high
1. Requires maximum gov surveillance (FAR 16.301-3(a)(4))
Contracting may employ simplified acquisition procedures for acquisitions of
commercial items not exceeding
1. $2,500
2. $1,000,000
3. $250,000
4. $7,500,00
4. $7,500,000 (FAR 13.500(a))
Select the statement that is INCORRECT when it comes to the requirement to use
sealed bidding
1. It is necessary to conduct discussions with the responding offerors about their
bids
2. Time permits the solicitation, submission, and evaluation of sealed bids
3. There is a reasonable expectation of receiving more than one sealed bid
1. It is necessary to conduct discussions with the responding offerors about their bids
(FAR6.401(a)(3))
Which one of the following is NOT an exception to Other Than Full and Open
Competition?
1. International Agreement
2. Industrial Mobilization
3. Only one responsible source
4. Authorized by the Head of the Contracting Activity
4. Authorized by the Head of the Contracting Activity (FAR 6.302)
Which of the following are common elements of a purchase request package?
1. Requirements Documents (SOO, PWS, or SOW)
2. DD Forms 1423 Contract Data Requirements list
3. Contractors Proposal
4. Independent Gov Estimate
1, 2, 4
[NOT CONTRACTOR PROPOSAL]
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller TopGradeSolutions. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £7.11. You're not tied to anything after your purchase.
