Clc 05 - Study guides, Class notes & Summaries

CLC 056 Analyzing Contract Costs Exam 100% 1. Which of the following situations are considered exempt from the submission of Certified Cost or Pricing Data?  Prices are set by law or regulation  Sole source acquisition of $3.5M FFP effort; price determined using cost analysis  Price may be determined fair and reasonable based on price analysis proposal techniques  Non-commercial modification of a commercial item. Modification funded by DoD and constitutes 5% of value of modif...

CLC 059 Exam Questions and Answers 100% Pass Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Answer- Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you which of the following wou...

CLC 058 Exam Questions and Answers 100% Pass Cost or Pricing Data All facts that, as of the date of price agreement or an earlier date agreed upon between the parties, prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental, and are verifiable. While they do not indicate the accuracy of the prospective contractor's judgment about estimated future costs or projections, they do include the data forming ...

Cost or Pricing Data All facts that, as of the date of price agreement or an earlier date agreed upon between the parties, prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental, and are verifiable. While they do not indicate the accuracy of the prospective contractor's judgment about estimated future costs or projections, they do include the data forming the basis for that judgment. Cost or pricing data...

CLC 056.

Cost analysis is the review and evaluation of the separate cost elements and proposed profit/fee of an offeror's certified cost or pricing data or data other than certified cost or pricing data. It is important to evaluate the separate cost elements and proposed profit/fee to determine how the proposed costs represent the cost of the contract, assuming reasonable economy and efficiency. - ANSWER-Contracting Officers are required to purchase supplies and services from responsible sources at f...

CLC 059 Exam Practice Questions and Answers 100% Pass Who decides which post-award contract administrative functions will be delegated and which will be retained by the contracting officer who awarded the contract? - Correct Answer ️️ -Procuring contracting officer (PCO) "Bloom. LLC was recently awarded a $2 million contract for website enhancement services that was set aside for Historically Underutilized Business Zone (HUBZone) small businesses. Bloom's owner recently asked you wh...

CLC 059 Subcontracting Questions and Answers 100% Pass What is a purchase order, task order, or other contract between a prime contractor and another business to support the prime contract and to which the government has no contractual relationship, i.e., no privity? Subcontract Which of the following are key, recommended resources for subcontracting compliance management? (Select three that apply) DFARS, SBA, DCMA Which of the following are key, recommended resources for subcontr...

CLC 056 (2).

CLC 056 with complete solution / Latest updated .