Incentive contracts - Study guides, Class notes & Summaries

This is a summary which incorporates the lecture notes, lecture slides and insights from papers that are necessary to understand the material. The following papers are discussed in this course: 1. Moers, F. 2006. Performance Measure Properties and Delegation. The Accounting Review 81(4): 897-924. 2. Campbell, D. 2008. Nonfinancial performance measures and promotion-based incentives. Journal of Accounting Research 46(2): 297-332. 1. Gibbs, M., W. Van Der Stede, K. Merchant, and M. Vargus. 200...

CON 3990 EXAM What is the Micro-purhcase threshold for supplies? - Precise Answer $10k All incentive contracts (schedule or performance) must also include what? - Precise Answer Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - Precise Answer Bona Fide Needs Rule What contract types can be used for commercial item purchases? - Precise Answer FFP or FPEPA What is the Simplified Acquisition...

CON 1300 Exam (Latest 2024/ 2025 Update) Questions and Verified Answers-100% Correct- Grade A Q: Proposal analysis is done by a contracting officer to determine proposed prices to be ____ and _____ in all contract actions Answer: Fair and Reasonable Q: Proposal Analysis Techniques Answer: 1. Price 2. Cost 3. Cost Realism 4. Technical Analysis 5. Unit Pricing and Unbalanced Pricing Q: Cost Realism Analysis Answer: The process of independently reviewing and...

CON 170 Fundamentals of Cost and Price Analysis MIDTERM EXAM_2023. 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to contract pricing. c) A single fir...

What is the Micro-purhcase threshold for supplies? - $10k All incentive contracts (schedule or performance) must also include what? - Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - Bona Fide Needs Rule What contract types can be used for commercial item purchases? - FFP or FPEPA What is the Simplified Acquisition Threshold for commercial products and services? What is it for noncommercial? - $7.5...

CON 1300 Exam (Latest 2024/ 2025 Update) Guide with Verified Answers-100% Correct- Grade A Q: Tradeoffs Include or are guided by Answer: 1.Characteristics of the tradeoff process; FAR 15.101-1 2.Permits tradeoffs among cost and price and non-cost factors 3.Allows Government to accept other than the lowest priced proposal 4.Awarding to higher priced proposal must merit the additional cost 5.Rationale for tradeoffs must be documented in the file Q: What is the definition of cont...

CQM-C Exam 40 Questions with Verified Answers The purpose of Construction Quality Management is to: - CORRECT ANSWER Achieve the quality established by properly developed requirements through the combined responsibility, but seperate efforts of contractpr smd government personnel. Construction Quality Management is the performance of tasks, which ensure that construction is performed. - CORRECT ANSWER According to plans and specifications, on time, within a defined budget and a safe work e...

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 pri...

CON 3990 Exam Questions and Answers Already Passed What is the Micro-purhcase threshold for supplies? $10k All incentive contracts (schedule or performance) must also include what? Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? Bona Fide Needs Rule What contract types can be used for commercial item purchases? FFP or FPEPA What is the Simplified Acquisition Threshold for commercial pr...

Contracting Officer warrant board questions|100% Verified Correct You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your de...