Fixed price contract - Study guides, Class notes & Summaries
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CMIT Exam (200 multiple choice) Questions with Verified Answers,100% CORRECT
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CMIT Exam (200 multiple choice) Questions with Verified Answers 
 
A CM's role and responsibilities are governed solely by the Owner/CM Agreement. 
True False - CORRECT ANSWER True 
 
There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? 
A) Both forms provide advice to the owner on constructibility, budget and the schedule....
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CON 2370 Simplified Acquisition Actual Exam Questions with 100% Correct Answers | 2023 Version | Professor Verified | Graded A+
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CON 2370 Simplified Acquisition Actual Exam Questions with 100% Correct Answers | 2023 Version | Professor Verified | Graded A+ 
1. You have a requirement for repair parts to support routine maintenance services 
at the shop on your base. The parts were developed using Government funds 
and are not offered to the general public. The estimated dollar value of the 
acquisition is $275,000. 
Which one of the following statements is true? -----Right Answer-----The use of 
simplified acquisition proc...
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Contracting Officer Unlimited Warrant Board verified answers and questions 2023.
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Contracting Officer Unlimited Warrant Board verified answers and questions 2023. 
 
 
 
 
 
 
 
 
 
What is an option? - correct answers.An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. 
The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensu...
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CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED)
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CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED) Which one of the following statements is true regarding the policies for the use of 
simplified acquisition procedures (SAP)? - Answer Purchases shall be made in the 
simplified manner that is most suitable to the circumstances of the acquisition. 
Not - The use of SAP is authorized for all commercial acquisitions 
Not - The purpose of SAP is to improve opportunities for small businesses to obtain ...
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AFSB 152 - The Institutes Practice Exam Questions and Answers 2023
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AFSB 152 - The Institutes Practice Exam Questions and Answers 2023 
Lansing Construction Company completed major jobs including road grading, bridges, and base and paving work. Which one of the following types of contractors is Lansing? 
• Heavy and highway construction 
• General Engineering contractor 
• General Building contractor 
• Design/build contractor - Correct Answer-Heavy and highway construction 
 
The project owner for a new shopping plaza being built in Highville is the Hig...
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MNP3701 ASSIGNMENT 3 FOR 2ND SEMESTER 2024
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Question 1 
Not yet answered 
Marked out of 1.00 
 Flag question 
Question text 
When Toyota's suppliers do not have adequate capacity to meet purchase requirements when demand increases substantially, it is referred to as: 
 
a. 
Triage approach 
 
b. 
Overaggressive supply reduction 
 
c. 
Supplier dependency 
 
d. 
Absence of competition 
 Clear my choice 
Question 2 
Not yet answered 
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Question text 
_____ allows a buying organisation to react more qui...
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IAAO 102 EXAM QUESTIONS AND ANSWERS
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Capitalization Rate - Answer- A rate used for converting property income into property value 
 
Discount Rate - Answer- The rate of return on a real estate investment. It reflects the compensation necessary to attract investors to give up liquidity. 
 
Recapture rate - Answer- Provides for the return of the investment in the wasting portion of the asset. this is similar to the depreciation rate for the improvment. 
 
Overall /rate - Answer- The direct relationship between annual net income and s...
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Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED A+ 2023|2024 UPDATE
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Fiscal Law Final Exam QUESTIONS AND ANSWERS RATED 
A+ 2023|2024 UPDATE 
QUESTION 1 
1. It is appropriate for the Army to acquire lawn cutting services through 
the Project Order Statute. 
True 
False 
QUESTION 2 
1. The proper amount of money to obligate at the award of a firm fixed- 
price contract is: 
The full amount of the contract. 
Nothing until the contractor performs the required work. 
Half of the total liability. ...
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CON 3900 Exam Questions and Answers 100% Verified
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CON 3900 Exam Questions and 
Answers 100% Verified 
What type of contract shall not be used in Government contracting? - answerCost-plus-a- 
percentage-of-cost Contract 
What types of contracts can be awarded when acquiring commercial items of supply? - 
answerFirm-fixed-price contracts or fixed-price contracts with economic price adjustment 
Which form is used by DoD to apply a structured profit/fee? - answerDD Form 1547, 
Weighted Guidelines Method 
What is a Procurement Instrument Identifier ...
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CON 2370 Simplified Acquisition Procedures Exam Questions and answers with 100% Complete solutions | verified &updated 2024
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CON 2370 Simplified Acquisition Procedures Exam Questions and answers with 100% Complete solutions | verified &updated 2024 
You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - The contract is considered closed once you receive evidence of receipt of property and final payment. 
Which of the following statements is true regarding the policies for the use of simplified acquisition pr...
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