Incentive contracts - Study guides, Class notes & Summaries

LSUS - ISDS 715: Module 6 Exam Elaboration with 100% Correct Answers Advertising *Ans* The process of calling public attention to a project or effort. Bidder Conference *Ans* The meetings with prospective sellers prior to the preparation of a bid or proposal to ensure all prospective vendors have a clear and common understanding of the procurement. Often used on large-dollar contracts. Also known as contractor conferences, vendor conferences, or pre-bid conferences. Cost-Reimbursabl...

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 pricing ...

Texas Promulgated Contracts CHAMPIONS Exam Questions With Correct Answers (VERIFIED). The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and . (a) Default (b) Mutual consent (c) Property condition (d) Recording B A(n) contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void A I...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

A cost is reasonable if, in its nature and amount, it does not exceed - that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - after the incurrence of the costs involved. Under the Assignment of Claims Act, a contractor may assign moneys due or to become due under a contract if it meets all but which of the following? - The contract specifies payments aggregating $100,000 or more. Individuals delegated micro...

NUR 215 Exam 4 Questions and Answers Rated A+ What are the pediatric symptoms of hypoxia? FINES; F:feeding difficulty, I:inspiratory stridor, N:nares flare, E:expiratory grunting, S:sternal retractions What is hypoxia? low oxygen levels in the tissues what is hypoxemia? low oxygen levels in the blood What are the diagnostic tests used in a respiratory assessment? blood tests (specifically Arterial blood gases aka ABGs), chest x-ray, sputum culture, pulse oximetry, peak expiratory ...

Contracting Officer warrant board questions and answers 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 decisi...

CDFM Module 4(Latest Update 2024)Correct 100% What are Joint Acquisition Programs? - ANSWER Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? - ANSWER The MDA decides whether to place programs under joint management and designates the lead executive DoD component. W...

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

What are Joint Acquisition Programs? - Joint Acquisition Programs is any acqusition system, subsystem, component, or technology program with astrategy that includes funding by more than one DoD component during any phase of a system's life cycle. Who decides to place programs under joint acquisition management? - The MDA decides whether to place programs under joint management and designates the lead executive DoD component. What law requires an analysis of potential opportunities of inter...