What are the five key stages of the Contracting Life Cycle? - ANSWER 1. Acquisition Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
Which stage includes modifications, performance, payments, and contract closeout? - ANSWER Contract Administration
The purpose of ...
CON1100V Correct Questions &
Answers(2024 Latest Update)Correct
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What are the five key stages of the Contracting Life Cycle? - ANSWER 1. Acquisition
Planning
2. Solicitation
3. Evaluation
4. Award
5. Contract Administration
Which stage includes modifications, performance, payments, and contract closeout? -
ANSWER Contract Administration
The purpose of the Contracting Subway Map is to: - ANSWER Provide generalized
order of events in the acquisition contracting process
When contemplating the business strategy of a procurement, what should the
acquisition team consider when aligning the strategy to the contractor motivations? -
ANSWER Contract type and length, financing arrangements, profit/fee percentages,
performance evaluation, data rights, required warranties, maintenance/sustainment, and
future requirements
What is the role of the contracting professional? - ANSWER Serve as overall business
advisor to acquisition team
T/F: Contract management requires both general and business skills in areas such as
problem solving, critical thinking, costumer focus, communication, and technical
credibility. Successful contract management does not allow for adaptability in a
changing business environment. - ANSWER False
One of the initial steps in Acquisition Planning is to identify the Acquisition Team. How
does FAR 1.102-4(e) describes the role of the Contracting Officer within the Acquisition
Team? - ANSWER Contracting officers should take lead in encouraging business
process innovations and ensuring that business decisions are sound.
The Adaptive Acquisition Framework (AAF) includes six pathways to enable the
workforce to tailor strategies to deliver better solutions faster. What are those 6
pathways? - ANSWER 1. Urgent Capability
2. Middle Tier DoD
3. Major Capability
4. Software Acquisition
5. Defense Business
, 6. Acquisition of Services
Urgent Capability - ANSWER fulfill urgent existing and/or emerging operational needs or
quick reactions in less than two years.
Middle Tier DoD - ANSWER rapidly develop fieldable prototypes within acquisition
program to demonstrate new capabilities and/or rapidly field production quantities of
systems with proven technologies that require minimal development.
Major Capability - ANSWER acquire and modernize military unique programs that
provide enduring capability
Software Acquisition - ANSWER facilitate rapid and iterative delivery of software
capability systems to user
Defense Business - ANSWER acquire information systems that support DoD business
operations
Acquisition of Services - ANSWER acquire services from private sector including
knowledge-based, construction, electronics and communications, equipment, facilities,
product support, logistics, medical, research and development, and transportation
services.
Acquisition planning must involve all personnel responsible for significant aspects of the
acquisition. What is the purpose of acquisition planning? - ANSWER Ensure
Government meets its needs in the most effective, economical, and timely manner
Market research means ____ information about capabilities within the market to satisfy
agency needs. - ANSWER collecting and analyzing
Simplified acquisition is an acquisition method prescribed by FAR part 13 for purchasing
supplies and services, including construction, research and development, and
commercial items, for which the aggregate amount does not exceed the ____ which
currently is ____. - ANSWER Simplified acquisition threshold (SAT); $250k
Generally, contract types are grouped into what two families? - ANSWER fixed price;
cost reimbursement
What is the official U.S. Government website that contracting officers use to publicize
contracting opportunities? - ANSWER SAM.gov
When drafting a solicitation, what tool provides guidance on the use of all provisions
and clauses contained in FAR, DFARS, VAAR, and DEAR? It also includes guidance on
the use of provisions and clauses contained in DoD class deviations. - ANSWER DAU
Provision and Clause Matrix
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