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ACQ 1010 MODULE 6 EXAM: CONTRACT MANAGEMENT LATEST UPLOAD
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ACQ 1010 MODULE 6 EXAM: CONTRACT MANAGEMENT LATEST UPLOAD
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ACQ 1010 MODULE 6 EXAM: CONTRACT MANAGEMENTLATEST UPLOAD
What is one purpose of contract administration?
Answer: Avoiding or eliminating overlap and duplication of Government contract administration effort
Which of the following describes an Indefinite-Quantity contract?
Answer: Provides an indefinite quantity, within stated limits, of supplies or services to be furnished during a fixed period, within stated limits
Who oversees the source selection process and selects the source whose proposal is the best value?
Answer: Source Selection Authority (SSA)
The Termination Contracting Officer (TCO) is responsible for:
Answer: Negotiating any settlement with the contractor
U.S. Federal Government agencies are required to arrange full and open competition through the use of competitive procedures in their procurement activities unless otherwise authorized by law.
Answer: True
Which of the following is a true statement regarding a contract?
Answer: Requires six essential elements to be binding
What is the first activity in the planning phase?
Answer: Identifying and justifying a mission need that requires a material solution
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