Con 3900 cost and price - Study guides, Class notes & Summaries

CON 3900 Practice Exam: Questions & Answers Latest 2024/2025 | 100% Correct | Graded A+. Market research is conducted during which phase of acquisition? (Ans- All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? (Ans- Deviation Simplified Acquisition Procedures (SAP) should (Ans- Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? (Ans- DD Form 1547, Weighted Guidelines Metho...

CON 3900 Week 3 Test Questions with Answers All Correct Where does the majority of risk fall in a firm-fixed price contract? - Answer-The contractor What is the definition of price according to FAR 15.401? - Answer-Price = Cost + any fee or profit applicable to the contract type What are the contracting officer's responsibilities with regards to price? (1 of 3) - Answer-Purchase supplies and services from responsible sources at fair and reasonable prices What are the contracting off...

CON 3900 Week 2 Exam Questions and Answers Latest Updated 2024/2025 | 100% Correct | Graded A+. It is the Government's policy that before executing a contract, the contracting officer must: (Ans- Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting? (Ans- Purchase the requirement as a commercial item. Acquisition planning should begin: (Ans- As soon as the agency nee...

CON 3900 Cost and Price Analysis Test Questions With Correct Answers What is the definition of Price? - Answer-cost plus any fee or profit What is the Government's Pricing Policy? - Answer-comes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - Answer-price or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) Wha...

It is the Government's policy that before executing a contract, the contracting officer must: (Ans- Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting? (Ans- Purchase the requirement as a commercial item. Acquisition planning should begin: (Ans- As soon as the agency need is identified Which of the following is an exception to obtaining certified cost or pricing ...

CON 3900 - Cost and Price Analysis Exam Questions And Answers 100% Solved What is the definition of Price? - answercost plus any fee or profit What is the Government's Pricing Policy? - answercomes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - answerprice or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) Wha...

CON 3900 - Cost and Price Analysis Exam Questions And Answers 100% Solved What is the definition of Price? - answercost plus any fee or profit What is the Government's Pricing Policy? - answercomes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - answerprice or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) Wha...

CON 3900 - Cost and Price Analysis Exam

CON 3900 Quiz Questions with Correct Answers What type of contract shall not be used in Government contracting? - Answer-Cost-plus-a-percentage-of-cost Contract What types of contracts can be awarded when acquiring commercial items of supply? - Answer-Firm-fixed-price contracts or fixed-price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - Answer-DD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifie...

CON 3900 Quizes with Complete Solutions What type of contract shall not be used in Government contracting? - Answer-Cost-plus-a-percentage-of-cost Contract What types of contracts can be awarded when acquiring commercial items of supply? - Answer-Firm-fixed-price contracts or fixed-price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - Answer-DD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifier (PI...