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FAC-C (Professional) Exam Prep with 100- correct answers.
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FAC-C (Professional) Exam Prep with 100- correct answers.
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FAC-C(Professional)
Exam Prep with
100% correct
answers
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer
(Government or prime contractor) and seller
(contractor or subcontractor in communicating the
buyer's requirements and providing a solution to
those requirements.
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Typically start befor the contracting process:
Requirements definition, budgeting/funding
process, and acquisition planning.
Preaward phase consists of two primary activities:
Develop solicitation (Government) and develop
offer (Contractor).
In planning the solicitation, the buying activity
must:
Assess the need, analyze the requirement, ensure
contract outcomes will be measurable and properly
incentivized, and verify the availability of funds.
What two FAR parts are key resources in
developing the solicitation?
FAR Part 7 Acquisition Planning; FAR Part 11
Describing Agency Needs
Buying activities must conduct ___ to identify
potential suppliers, evaluate if the requirement is
achievable, and perform any pre-offer conferences
or communication.
Market Research
What FAR part is a key resource for conducting
Market Research?
FAR Part 10 Market Research
,How do buying activities analyze risk?
Performing make or buy decisions; conducting a
supply or services determination; and
understanding the required schedule or needs of
the customer including the need for property
(including intellectual property).
What FAR/DFARS resources can assist in analyzing
risks?
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart
11.4 Delivery or Performance Schedules; FAR Part
45 Government Property; DFARS Part 227 Patents,
Data, & Copyrights.
Primary FAR resource for information about
contract types:
FAR Part 16 Types of Contracts
Which FAR Part addresses publicizing contract
actions?
FAR Part 5
What is the second phase of the contract lifecycle?
Contract Award
What is the one activity in the award phase?
Form contract
When it receives offers, the buying activity
(Government) must:
, Analyze proposals in terms of risk, review for price
reasonableness, and document results of the
analysis.
FAR Part ___, ___ ___ gives guidance that can be
generalized for contract methods beyond those
covered by the rest of FAR Part 15.
15.404, Proposal Analysis
To plan for negotiations, the buying activity may
ask for ___ from offerors and then develop ___ ___.
Clarification, negotiation objectives.
In all cases, ___ must explain the process that
arrived at an offeror being awarded a contract.
Documentation
What FAR/DFARS Parts discuss the protest
processes?
FAR Subpart 33.1; DFARS Subpart 233.1.
The third contract lifecycle phase is ___.
Postaward
The postaward phase involves:
All the work performed by both the buyer and
seller during contract performance, to include
changes to the contract, contract closeout, and
sometimes termination of a contract.
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