CFCM- CERTIFIED FEDERAL CONTRACT MANAGER TESTS COMPILATION BUNDLE

Performance-base acquisition offers __________, which can be used to adjust payment to reflect the degree of performance success and to motivate superior performance correct answer: incentives ___________ contracts are characterized by the employer-employee relationship it creates between the G...

The Federal Acquisition System was established for the codification and publication of uniform policies and procedures for acquisition by all legislative agencies. True or False? correct answer: False. " . . .for acquisition by all EXECUTIVE agencies." FAR 1.1 What is the primary document (...

CFCM Study Guide - Part 1 Questions| With Complete Solutions

The Federal Acquisition Regulations System is established for... correct answer: the codification and publication of uniform policies and procedures for acquisition by all executive agencies. The vision for the Federal Acquisition System is to... correct answer: deliver on a timely basis the be...

KOs shall distribute copies of contracts or mods within 10 working days after execution by all parties. As a minimum, the KO shall -- correct answer: (a) Distribute simultaneously 1 signed copy or reproduction of the signed contract to the contractor and the paying office; (b) When a contract is...

negotiated contract correct answer: a contract awarded using other than sealed bidding procedures best value continuum correct answer: a technique that ensures the best deal for the government is obtained through the use of any one or a combination of source selection approaches Cost or pric...

FAR Part 27: Patents, Data and Copyrights prescribes the procedures used correct answer: when a contract involves a new invention or a new work of authorship. It implements U.S. patent and copyright laws. FAR part 27 applies to all agencies, however, agencies are authorized to correct answer: a...

Which of the following is NOT a reason to contract for Advisory and Assistance services? correct answer: Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquis...

In which of the following cases is a Research and Development contract most appropriate? correct answer: When the work or methods cannot be precisely described in advance In preparing work statements, technical and contracting personnel shall consider and, as appropriate, provide in the solitica...

Who does the FAR apply to? correct answer: all executive agencies Acquisition Team correct answer: all participants in government acquisition (including contractors and customers) Deviation correct answer: issuance of a policy, etc. inconsistent or not authorized by FAR Who is FAR mainta...

CFCM Study Guide - Part 19 Small Business Programs Questions With Complete Solutions

By employing simplified acquisition, the government can: correct answer: -reduce its administrative costs -promote efficiency & economy in contracting -avoid burdening agencies & contractors Simplified acquisition procedures under the SAT shall be used to the maximum extent possible, unless co...

FAR Part 32 prescribes policies and procedures for correct answer: contract financing and other payment matters, including -payment methods, partial, progress pmts based on % or stage of completion -loan guarantees, advance pmts, progress pmts based on costs -administration of debts to govt aris...

Contracting Officers below the level of _________ shall be selected and appointed. correct answer: Head of Contracting Activity The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the U.S. is _...