FAC-C CERTIFICATION EXAM NOTES AND CORRECT VERIFIED
ANSWERS LATEST DOWNLOAD 2024/2025 BEST EXAM SOLUTION
RATED A+ FOR SUCCESS
Acquisition - CORRECT ANSWERS FAR 2.101 tells us Acquisition means the acquiring by contract
with appropriated funds of supplies or services (including construction) by and for the use of the
Federal Government through purchase or lease, whether the supplies or services are already in
existence or must be created, developed, demonstrated, and evaluated. Acquisition begins at the
point when agency needs are established and includes the description of requirements to satisfy
agency needs, solicitation and selection of sources, award of contracts, contract financing, contract
performance, contract administration, and those technical and management functions directly
related to the process of fulfilling agency needs by contract.
Acquisition Team - CORRECT ANSWERS FAR 1.102-3 describes the Acquisition Team as consisting of
all participants in Government acquisition including not only representatives of the technical, supply,
and procurement communities but also the customers they serve, and the contractors who provide
the products and services.
The KO's Role on the Acquisition Team - CORRECT ANSWERS FAR 1.102-4(a) states Government
members of the Acquisition Team must be empowered to make acquisition decisions within their
areas of responsibility, including selection, negotiation, and administration of contracts consistent
with the Guiding Principles. In particular, the contracting officer must have the authority to the
maximum extent practicable and consistent with law, to determine the application of rules,
regulations, and policies, on a specific contract.
KO Appointments - CORRECT ANSWERS FAR 1.603-2 requires appointing officials, when selecting
contracting officers, to consider the complexity and dollar value of the acquisitions to be assigned
and the candidate's experience, training, education, business acumen, judgment, character, and
reputation.
Examples of selection criteria - CORRECT ANSWERS -Experience in Government contracting and
administration, commercial purchasing, or related fields.
-Education or special training in business administration, law, accounting, engineering, or related
fields.
Knowledge of acquisition policies and procedures, including this and other applicable regulations.
-Specialized knowledge in the particular assigned field of contracting.
-Satisfactory completion of acquisition training courses.
DOD KO Requirements - CORRECT ANSWERS DFARS 201.603-2 tells us that in order to qualify to
serve as a contracting officer with authority to award or administer contracts for amounts above the
simplified acquisition threshold, a person must:
, FAC-C CERTIFICATION EXAM NOTES AND CORRECT VERIFIED
ANSWERS LATEST DOWNLOAD 2024/2025 BEST EXAM SOLUTION
RATED A+ FOR SUCCESS
-Have completed all contracting courses required for a contracting officer to serve in the grade in
which the employee or member of the armed forces will serve.
-Have at least 2 years experience in a contracting position.
-Have received a baccalaureate degree from an accredited educational institution.
-Meet such additional requirements, based on the dollar value and complexity of the contracts
awarded or administered in the position, as may be established by the Secretary of Defense.
-DFARS 201.603-2(2) also lists several exceptions and amplifications to the above qualifications for
contracting officer appointments.
FAR 1.602-2 - CORRECT ANSWERS Contracting officers are responsible for ensuring performance of
all necessary actions for effective contracting, ensuring compliance with the terms of the contract ,
and safeguarding the interests of the United States in its contractual relationships. In order to
perform these responsibilities, contracting officers should be allowed wide latitude to exercise
business judgment.
FAR 1.602-2(a) - CORRECT ANSWERS Contracting Officers must ensure sufficient funds are available
for obligation for each contract action.
FAR 1.602-2(b) - CORRECT ANSWERS states that contracting officers shall ensure that contractors
receive impartial, fair, and equitable treatment. This applies to all types of communications, written
and verbal.
FAR 1.602-2(c) - CORRECT ANSWERS Contracting officers shall request and consider the advice of
specialists in audit, law, engineering, information security , transportation, and other fields, as
appropriate.
FAR 1.602-2(d) - CORRECT ANSWERS states that contracting officers shall designate CORs in writing
and furnish copies to the contractor and the contract administration office.
Which part of the FAR gives the best guidance for personal conflict of interest? - CORRECT ANSWERS
FAR part 3
Which part of the FAR gives the best guidance for organizational conflict of interest? - CORRECT
ANSWERS FAR part 9
