Certified Federal Contracts Manager
(CFCM) Exam with Questions and
Answers| Latest Update| Verifed
Permitted exchanges of information with Industry prior to receipt of proposals include all of the
following except: - ✔✔Providing the Independent Government Cost Estimate to offerors for
pricing purposes
If no time is specified in a solicitation, the time of receipt is: - ✔✔4:30 pm
What are clarifications? - ✔✔Limited exchanges between the government and offerors that
may occur when award without discussions are contemplated.
Post award debriefings include all of the following EXCEPT? - ✔✔A point-by-point
comparison between the winning offeror's and the unsuccessful offeror's proposals.
Which contract type provides for an initially negotiated fee to be adjusted later by a formula based on
the relationship of the total allowable costs to the total target costs? - ✔✔Cost Plus Incentive Fee
A major difference between Federal contracting and commercial contracting is the application of the
"Changes" clause. The Changes clause makes it possible for the government to: - ✔✔unilaterally
make changes to a contract without getting the contractor's agreement.
The contracting officer, responsible for consent of a subcontract, must at a minimum review the
request and supporting data and consider the following: - ✔✔is the decision to subcontract
consistent with the contractor's approved make-or-buy program, if any?
The requirements of FAR Parts ______________ DO NOT apply to orders and BPAs placed under
schedule contracts. - ✔✔FAR Parts 5, 6, and 19
,The requirement to obtain advance authorization for an invention used or manufactured by or for
the Federal Government is covered by the - ✔✔North American Free Trade Act.
To reduce the time required to solicit and award contracts for the acquisition of commercial items,
the contracting officer may combine - ✔✔the synopsis and the solicitation.
In pricing changes to a contract, the threshold for obtaining cost and pricing data shall include -
✔✔price increases and decreases.
Cost realism analysis is the process of independently reviewing and evaluating specific elements of each
offeror's proposal cost estimate to determine that the estimated proposed cost elements are consistent
with the - ✔✔methods of performance and materials described in the offeror's technical proposal.
Unusual contract financing means financing that - ✔✔the agency has not authorized its
contracting officer to use without specific reviews or approvals by higher management.
Which of the following is NOT an example of permissible contract financing? - ✔✔Direct loans
The Contracting Officer shall presume that all data delivered under a contract for commercial items -
✔✔were developed exclusively at private expense.
Which of the following is NOT true concerning Project Labor Agreements? - ✔✔They prescribe
wage rates for a single project.
What is the Order of Precedence under the Uniform Contract Format? - ✔✔The Schedule —
Contract Clauses — List of Documents, Exhibits, and Other Attachments — Representations and
Instructions
The SBA establishes small business size standards on an industry-by-industry basis and small business size
standards are applied by - ✔✔classifying the product or service being acquired in the industry whose
definition, as found in the North American Industry Classification System (NAICS) Manual.
A Certificate of Competency (COC) - ✔✔is the certificate issued by the Small Business Administration
, Every evaluation and contract award should consider past performance as - ✔✔an evaluation
sub-factor under the "quality" evaluation factor.
The determination to establish a Forward Pricing Rate Agreement (FPRA) shall be made by the -
✔✔cognizant contract administration agency.
If the contractor has an approved purchasing system - ✔✔consent is required for
subcontracts specifically identified by the contracting officer in the subcontracts clause of the
contract.
Requests by, or for the benefit of, foreign governments or international organizations to use
government production and research property shall be - ✔✔processed in accordance with
agency procedures.
Solicitations for commercial items shall require offerors to offer the government - ✔✔the
same warrranty terms offered to the general public.
Which of the following is NOT a reason a contract may be amended or modified to correct or
mitigate the effect of a mistake? - ✔✔The mistake is solely on the contractor's part and reduced
profit will result.
After a termination for default, if the surety does NOT arrange for completion of the contract, the
contracting officer will normally - ✔✔arrange for completion of the work by awarding a new
contract based on the same plans and specifications.
The government's preferred remedy when terminating a contract for a commercial item for cause will
be - ✔✔to acquire similar items from another contractor and to charge the defaulted contractor
with any excess reprocurement costs.
The government shares collateral value engineering savings with the contractor UNLESS the -
✔✔cost of calculating and tracking collateral savings will exceed the benefits.
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