Warrant board exam - Study guides, Class notes & Summaries

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS Cost Realism FAR 2.101 - The costs in an offeror's proposal-- (1) Are realistic for the work to be performed; (2) Reflect a clear understanding of the requirements; and (3) Are consistent with the various elements of the offeror's technical proposal. When to ask for proposal audits from DCAA DFARS PGI 215.404-2(c) Fixed Price > $10M Cost Plus > $100M Legal Review Thresholds AFFARS 5301.602-2 - All J&As &gt...

WARRANT BOARD EXAM 6|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS As a Warranted Contracting Officer, what is your primary responsibility? Contracting officers are responsible for ensuring performance of all necessary actions for effective contracting, ensuring compliance with the terms of the contract, and safeguarding the interests of the United States in its contractual relationships. Why is market research important in the acquisition process? Market research is used to help identify so...

Contracting Officer Unlimited Warrant Board Exam With 100% Correct Answers What is an option? -answersAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of service. The...

WARRANT BOARD EXAM QUESTIONS AND ANSWERS

Contracting Officer Unlimited Warrant Board Exam Questions With Verified Answers What is an option? - answerAn option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensure continuity of servic...

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS Explain the difference between business clearance and contract clearance and circumstances for use, and the overall objectives of the process. Business clearance: 1. For competitive acquisitions the approval to issue the solicitation 2. For non-competitive acquisitions the approval to begin negotiations Contract Clearance: 1. For competitive acquisitions without discussion, the approval from the SSA to award 2. For competitive...

Contractors who provide products or services to the Federal Government are to be considered members of the Government's "Federal Acquisition Team." True or False? -True. Both FAR 1.102(b)(c) and FAR 1.102-3 note that the Acquisition Team consists of all in Government acquisition including not only representatives of the technical, supply, and procurement communities, but also the customers they serve, and the contractors who provide the products and services. Who are the principal cu...

Contracting Officer Unlimited Warrant Board Exam

WARRANT BOARD EXAM|COMPLETE QUESTIONS WITH A+ GRADED ANSWERS 5 How many Agency Head Determinations are there in regards to compelling reasons to allow award to a contractor/sub-contractor on debarred list? Deals with debarred actions regarding subcontractors. FAR 9.405-2 FAR 23.506(e) deals with.... Debarred actions against a contractor and how agency head can allow award to a contractor on debarred list. What are the five references regarding compelling reasons allowing...

WARRANT BOARD EXAM QUESTIONS AND ANSWERS