Cfcm study - Study guides, Class notes & Summaries

Claim - ANSWER A written demand or written assertion by one of the contracting parties seeking, as a matter of right, the payment of money in a sum certain, the adjustment or interpretation of contract terms, or other relief arising under or relating to the contract. NOT exceeding $100,000 Once incorporated in a contract, a general wage determination normally remains effective for the life of the contract, unless - ANSWER the contracting officer exercises an option to extend the term of the...

CFCM Study Guide: FULL TEST EXAM/150 Q’S AND A’S

What is the FAR system? - for acquisitions by all executive branches What is the FAR system? - The FAR and all agency acquisition regulations that implement or supplement the FAR What is the vision for federal acquisition? Timely $PS Policy and Trust - deliver on a timely basis the best value product or service to the customer, while maintaining the public's trust and fulfilling public policy objectives FAR 1.102(a) What are the guiding principles? CQT for the PS - Satisfy the c...

Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in data to be delivered to the government. d. Generally, the governmen...

CFCM Study Questions with Correct Answers Graded A 2024

CFCM Study Questions and answers 2024

CFCM STUDY GUIDE: FULL TEST

CFCM Study Guide: FULL TEST Latest Update with Verified Solutions Which of the following statements is NOT true? a. The government encourages the maximum practicable commercial use of inventions made under government contracts. b. The government recognizes rights in data developed at private expense, and limits its demands for delivery of that data. c. The government requires that contractors obtain permission from copyright owners before including copyrighted works, owned by others, in ...

CFCM Exam Study Guide with Complete SolutionsCFCM Exam Study Guide with Complete SolutionsCFCM Exam Study Guide with Complete SolutionsCFCM Exam Study Guide with Complete Solutions Which of the following is NOT a reason to contract for Advisory and Assistance services? - ANSWER-Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Regulation for feder...

CFCM Prep Questions and Answers (Graded A)CFCM Prep Questions and Answers (Graded A)CFCM Prep Questions and Answers (Graded A)How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - ANSWER-(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract action...