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AAFC EXAM 3 QUESTIONS AND VERIFIED ANSWERS
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AAFC EXAM 3 QUESTIONS ANDVERIFIED ANSWERS
Protest " means a written objection by an interested party to any of the
following: - ANSWER (1) A solicitation or other request by an agency for
offers for a contract for the procurement of property or services.
(2) The cancellation of the solicitation or other request.
(3) An award or proposed award of the contract.
(4) A termination or cancellation of an award of the contract, if the written
objection contains an allegation that the termination or cancellation is based in
whole or in part on improprieties concerning the award of the contract.
How long after a proposal or solicitation can a protest be filed? - ANSWER 10
days
What three ways can an interested party file a protest? - ANSWER Agency,
GAO Office, US Court of Federal Claims
How long does the contracting officer have to resolve a protest? - ANSWER
35 days
How long does the GAO have to resolve a protest? - ANSWER 100 days
What is price reasonableness? - ANSWER The price a prudent buyer would
pay for something based on historical data and market research.
Contractor Responsibilities- - ANSWER Part 9 of the FAR
Who is the focal point once a solicitation is on the street? - ANSWER the
Contracting Officer
What is one evaluation factor in a bid that must always be evaluated? -
ANSWER Price
What is a competitive Range? - ANSWER Consists of all of the most "highly
rated" responses. Exchanges between the Government and each responder in the
, competitive range. Provides an opportunity for responders to submit revised
responses.
When to use Request for Quote (RFQ): - ANSWER If we are doing a
simplified acquisition procedure
When do I use Request for Proposal (RFP): - ANSWER Used when
contracting by negotiation; When contracting in a sole source environment, the
request for proposals (RFP) should be tailored to remove unnecessary
information and requirements
Price Index Numbers - ANSWER Ratios (usually expressed as percentages or
decimals) that indicate changes in prices
• Simple-looking at one item over a period of time
• Aggregrate-looking at numerous products
Estimate Price using index numbers - ANSWER (NI/OI)x OP=NP
A contract - ANSWER Is a mutually binding legal relationship obligating the
seller to furnish the supplies or services (including construction) and the buyer
to pay for them.
Know the six essential elements that must be present in order for a contract to
exist: - ANSWER -Mutual Assent - Meeting of the Minds
-Consideration - Must be Mutual, no piggy backing of previous contracts.
Promise for an act.
-Capacity—Have to the ability to understand the contract and the authority to do
so, must be in the right mind.
-Lawful Purpose - Obey the FAR & Statutes, Anti Deficiency.
-Certainty of Terms -the terms and requirements are clear. Price, Delivery
schedule & Quantity.
-Form provided by law- two parties agree on a form on the contract terms
An unauthorized commitment - ANSWER An agreement that is not binding
solely because the Government representative who made it lacked the authority
to enter into that agreement on behalf of the Government; Must be "ratified"
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