Contracting officer ko - Study guides, Class notes & Summaries

KOs shall distribute copies of contracts or mods within 10 working days after execution by all parties. As a minimum, the KO shall -- - ANSWER-(a) Distribute simultaneously 1 signed copy or reproduction of the signed contract to the contractor and the paying office; (b) When a contract is assigned to another office for contract administration provide a copy to that office with the distro list; (c) Distribute 1 copy to each accounting and finance office (funding office) whose funds are cite...

Contracting Final Exam Questions With 100% Correct Answers 6 essential elements of a contract. - answerMutual Assent Consideration Capacity Lawful Purpose Certainty of Terms Form Provided by Law Mutual Assent - answerat least two people, meetings of the minds o Consideration - answerEach party receives something of value and gives something of value, everybody benefits, Must be mutual. o Capacity- - answerIn order to be legally bound to a contract, a party must have the capacity to u...

3 phases of contracting correct answerscontract planning, contract formation, contract administration source of the government's contracting powers correct answersThe Constitution The constitution is the heart of the correct answersAmerican legal system 3 branches of government correct answerslegislative, executive, judicial 3 types of contracting officers correct answersPCO, ACO, TCO KO primarily engaged in awarding contracts correct answersProcuring Contracting Officer (PCO) ...

Contracting Final Exam Questions With 100% Correct Answers 6 essential elements of a contract. - answerMutual Assent Consideration Capacity Lawful Purpose Certainty of Terms Form Provided by Law Mutual Assent - answerat least two people, meetings of the minds o Consideration - answerEach party receives something of value and gives something of value, everybody benefits, Must be mutual. o Capacity- - answerIn order to be legally bound to a contract, a party must have the capacity to u...

What is COR? is designated in writing by the Contracting Officer (KO) to provide technical direction, clarification, and guidance with respect to the contract specifications and statement of work. , review and/ or approving contractor invoices, other contract surveillance and monitoring duties What is COR? The COR is the technical liaison between the contractor and the KO and is responsible for monitoring contractor performance and delivery as set forth in the contract. Apparen...

Fiscal Law Final Exam 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 fixedprice contract is: The full amount of the contract. Nothing until the contractor performs the required work. Half of the total liability. A conservative amount based on the government’s estimated future requirements. QUESTION 3 1. How long does the Departme...

Contracting Exam 3 Questions With 100% Correct Answers Know the 6 essential elements of a contract: - answer1. Mutual Assent: (Valid Offer & Acceptance "Meeting of the Minds"). 2. Consideration (Each party receives something of value) 3. Capacity (Competence & Authority) 4. Lawful Purpose(Obey the FAR & Statutes, Anti Deficiency) 5. Certainty of Terms (Clear terms) - Must include the following: • Price • Delivery schedule • Quantity • PWS/SOW 6. Form provided by law (Writte...

Contracting Exam 3 Questions With 100% Correct Answers Know the 6 essential elements of a contract: - answer1. Mutual Assent: (Valid Offer & Acceptance "Meeting of the Minds"). 2. Consideration (Each party receives something of value) 3. Capacity (Competence & Authority) 4. Lawful Purpose(Obey the FAR & Statutes, Anti Deficiency) 5. Certainty of Terms (Clear terms) - Must include the following: • Price • Delivery schedule • Quantity • PWS/SOW 6. Form provided by law (Writte...

What are the three phases of the contract life cycle? - Pre award, award, and post award At what point does an acquisition begin? - When agency needs are established Acquisition Team - all participants in Government acquisition including representatives of the technical, supply, and procurement communities; the customers they serve, the contractors who provide the products and services Contracting Officers shall ensure that contractors receive _______, _______, and _________ treatment? ...

Pre-Award Phase (1st phase of contracting life cycle) This phase involves all work performed by the buyer (Government or prime contractor) and seller (contractor or subcontractor) in communicating the buyer's requirements and providing a solution to those requirements. What activities make up the Pre-Award Phase? 1) Develop Solicitation 2) Develop Offer Award phase The second phase of the contract life cycle. This phase involves all of the work performed by both the buyer and the selle...