2024 con 2370 sap exam Study guides, Class notes & Summaries

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? -----CORRECT ANSWER-------------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 procedures (SAP)? -----CORRECT ANSWER------------- Purchases shall be made in the simplified...

1) What required source has priority for services? - ANSWER- Services which are on the Procurement List maintained by the Committee for Purchase From People Who Are Blind or Severely Disabled. 2) The contracting officer can terminate a commercial purchase order for cause - ANSWER- All choices are correct. 3) When no other exceptions apply, is a Government Point of Entry (GPE) synopsis required for purchases estimated to exceed $25,000 but not to exceed the simplified acquisition threshold...