Con 3900 week 1 - Study guides, Class notes & Summaries

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 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...

Pre-Award Phase - correct answer (1st phase of contracting life cycle) This phase involves all work performed by the buyer (Government or prime contractor) and seller (contractor or subcontractor) in communicating the buyer's requirements and providing a solution to those requirements. What activities make up the Pre-Award Phase? - correct answer 1) Develop Solicitation 2) Develop Offer Award ...

CON 3900 Week 2 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...

CON 3900 Week 3 Exam Questions and Answers It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from: Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price Which of the following best describes the purpose o...

CON 3900 Week 3 Exam Questions and Answers It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from: Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price Which of the following best describes the purpose o...

CON 3900 Week 4 Exam Questions and Answers All Correct How can a prospective contractor be determined responsible IAW FAR 9.104-1? (1 of 7) - Answer-Have adequate financial resources to perform the contract, or the ability to obtain them How can a prospective contractor be determined responsible IAW FAR 9.104-1? (2 of 7) - Answer-Be able to comply with required performance or delivery schedule How can a prospective contractor be determined responsible IAW FAR 9.104-1? (3 of 7) - Answer...

CON 3900 Week 3 Exam Questions and Answers It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from: Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price Which of the following best describes the purpose o...

CON 3900 Week 2 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...

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 offi...