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CON 3990 CONTRACTING CERTIFICATION QUIZ 1 OF 4 QUESTIONS WITH COMPLETE SOLUTIONS
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CON 3990 CONTRACTING CERTIFICATION QUIZ 1 OF 4 QUESTIONS WITH COMPLETE SOLUTIONS
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CON 3990 EXAM QUESTIONS WITHCOMPLETE SOLUTIONS
WhatsissthesMicro-purhcasesthresholdsforssupplies?s-sans✔✔$10k
Allsincentivescontractss(schedulesorsperformance)smustsalsosincludeswhat?s-
sans✔✔Costsincentivesorsconstraint
Whatsrequiressfundsstosbesusedsonlysforsneedssorsservicessinsthesyearsofsthesappropriation
ssobligationsperiod?s-sans✔✔BonasFidesNeedssRule
Whatscontractstypesscansbesusedsforscommercialsitemspurchases?s-
sans✔✔FFPsorsFPEPA
WhatsissthesSimplifiedsAcquisitionsThresholdsforscommercialsproductssandsservices?sWha
tsissitsforsnon-commercial?s-sans✔✔$7.5Ms-scommercials$250ksforsnon-commercial
TruesorsFalse:sThesGovsshallsuseselectronicscommerceswheneverspracticablesorscost-
effectives-sans✔✔True
Whatsissthespurposesofsascontractsfile?s(4)s-
sans✔✔Providesbackground/basissforsdecisions
Supportingsactionsstaken
Providesinformationsforsreviewssandsinvestigations
Furnishingsessentialsfactssinstheseventsofsaslitigation
Canscontractsfilessbescombinedsifsappropriate?s-sans✔✔Yes
Atswhatslevelsarescontractsfilessmaintainedsandswhy?s-
sans✔✔Maintainedsatsthesorganizationalslevelstosensure
effectivesdocumentationsofscontractsactions
accessibilitysbysprincipalsusers
minimalsestablishmentsofsduplicatesandsworkingsfiles
safeguardingsclassifiedsdocs
conformanceswithsagencysregs
WhensissasSAPscontractsfilesclosedsout?s-
sans✔✔WhensthesKOsreceivessevidencesofsreceiptsofspropertysorsfinalspayment
WhensissasFFPs(notsSAP)scontractsfilesclosedsout?s-
sans✔✔Shouldsbesclosedsoutswithins6smonthssaftersdatesKOsreceivessevidencesofsphysica
lscompletion
,Whensshouldscontractsfilessrequiredssettlementsofsindirectscostsratessbesclosedsout?s-
sans✔✔Withins36smonthssofsthesmonthsthesKOsreceivessevidencesofsphysicalscompletion
Whensshouldsallsothers(notsSAP,sFFP,sorsindirectscostsrate)scontractsfilessbesclosed?s-
sans✔✔Withins20smonthssofsthesmonthsthesKOsreceivessevidencesofsphysicalscompletion
Whensissascontractsconsideredsphysicallyscomplete?s-
sans✔✔thesKTRshasscompletedsrequiredsdeliveriessandsGovshassinspectedsandsaccepted
sthessupplies
ThescontractorshassperformedsallsservicessandsthesGovshassacceptedsthesservicessands
allsoptionsprovisions,sifsany,shavesexpired
orsthesGovsgivessthesKTRsnoticesofstermination
Whatsaresthesstepsstosclosesoutsascontractsfile?s-
sans✔✔1)sContractsadminsofficesissresponsiblesforsinitiating,sreviewingscontractsfundsstatu
s,sandsdeobligatingsexcesssfunds
2)KOsissuessascontractscompletionssstatement
3)sKOsfilesscompletedsstatementsandssignedscopyssendstosadminsoffice
Howslongsarescontractsdocumentssretainedsafterscloseout?s-
sans✔✔6syearssaftersfinalspayment
WhatsdoessasKOsneedspriorstoscommencementsofsnegotiationssforsassolessourcescontract,
scommencementsofsnegotiationssforsascontractsresultingsfromsansunsolicitedsproposal,sors
awardswithoutsprovidingsforsfullsandsopenscompetition?s-
sans✔✔JustificationsandsApprovalswhichsjustifiessthesactionssinswriting,scertifiessthesaccur
acysandscompletenesssofsthesjustificationssandsobtainssthesapprovalsrequired
ThesKOsshallsnotsawardsassole-sourcescontractsforsansamountsexceedings$25Msunlesss-
sans✔✔theyshavesassignedsJustificationsandsApproval
AsJ&Asshouldsincludes-sans✔✔Descriptionsofsactionsbeingsapproved
Descriptionsofssuppliessorsservicessrequireds+sestimatedsvalue
statutorysauthorityspermittingsothersthansfullsandsopenscomp
demonstrateswhysspecificsKTRsissrequireds(insteadsofscomp)
effortssmadestossolicitsofferssfromsotherssources
determinationsofsfairsandsreasonablesanticipatedscost
descriptionsofsmarketsresearchsconducted
listsofssourcessthatsexpressedsinterest
statementsofshowsagencysmaysremovescompsbarrierssinsthesfuture
KOscertification
WhatsaresthesthresholdssforsJ&Asapprovals-sans✔✔unders$750s-sKOsapproval
overs$750ksandsunders$100Ms-sHCA
, overs$100Ms-sseniorsprocurementsexecutive
Whatsaresthesbasicselementssrequiredsforsascontractstosbeslegallysbindings(4)s-
sans✔✔mutualsassents(validsoffersandsacceptance)
adequatesconsideration
capacity
legality
Whatsissimpliedsactualsauthority?s-
sans✔✔authoritystosdoswhatsissusual,scustomarysandsnecessarystosaccomplishsthesaction
Impliedsactualsauthoritysdifferssfromsexpresssactualsauthoritysinsthatsnosexpresssagreeme
ntsissexecuted
s(e.g.,swhensansindividualsissassignedsastaskstosaccomplishsbutsthesminorsdetailssaresnotss
pelledsoutseithersverballysorsinswriting,sthississansexamplesofsimpliedsactualsauthority).
Whatsissexpresssactualsauthority?s-
sans✔✔isscreatedsbysexplicitslanguage,seithersinswritingsorsverbal.s
Itsshouldsbesnotedsthatsthesspokenswordsissgenerallysassbindingsasstheswrittensword;showe
versitsisssometimessmoresdifficultstosprove.
Whatsissapparentsauthority?s-
sans✔✔Apparentsauthoritysexistsswhenssomeonesreasonablysbelievessansindividualshasst
hesauthoritystosactsonsbehalfsofsthesGovernment,sbasedsonshissorshersconduct,sevensthoug
hsthatsindividualshassnosactualsauthoritystosbindsthesGovernment.
Whatsissconsideration?s-
sans✔✔Somethingsofsvaluesthatsaspromisorsreceivessfromsthespromiseesinsreturnsforshisso
rshersoffer.
akasthesreasonsaspartyswouldsseekstosentersintosascontractsCansbesmoney,saction,snonsact
ionsorsproperty
Ascontractsissnotsenforceableswithouts-sans✔✔consideration
Whatsisslawfulspurpose?s-
sans✔✔Ascontractsissunenforceablesifsanystermsisscontrarystospublicspolicys/sagainststhesla
w
Whatsisscapacity?s-
sans✔✔thesabilitystosunderstandsandsappreciatesthestermssofsthescontract
whatsissmutualsassent?s-
sans✔✔whenseachspartysmakessaspromisesorsbeginsstosrendersperformance
offersplacedsbysonespartysandsacceptancesbysthesother
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