Con 3900 test - Study guides, Class notes & Summaries

CON 3900 Exam Prep Questions and Answers

The CO is a person with the authority to enter into, administer, and/or terminate contracts and make related determinations and findings. True What part of teh FAR prescribes policies and procedures for assigning and perofrming contract administration and contract audit services? 42 The CO may delegate additional functions to the CAO beyond those listed in FAR 42.302 False In a postaward meeting, the CO will conduct a preliminary meeting of government personnel and will designa...

CON 3900 - Week 2 Questions and Answers

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...

CON 3900 All Practice Questions and Answers 2023/2024 with complete solutions;(CON 3900 test bank) Market research is conducted during which phase of acquisition? All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? Deviation Simplified Acquisition Procedures (SAP) should Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? DD Form 1547, Weighted Guidelines Method What t...

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...

A post award orientation aids both Government and contractor personnel to: (Ans- Achieve a clear and mutual understanding of all contract requirements and identify and resolve potential problems When late in paying an otherwise acceptable invoice, the Government will: (Ans- Pay an interest penalty When acquiring commercial items, quality assurance is primarily the responsibility of: (Ans- The contractor You have a requirement for an online subscription to Engineering News Record. The s...

CON 3900 - Week 4 Questions and Answers

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...