Sealed bidding - Study guides, Class notes & Summaries

Who develops a solicitation? - ANSThe government, and the buyer Who prepares an offer? - ANSThe contractor, and the seller During the post award phase while the contract is being performed, who has responsibility for quality? - ANSThe seller Acquisition - ANSFAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies...

CFCM Study Guide: FAR Part 14. Sealed Bidding questions and answers 2024

What is Risk A measure of future uncertainties in achieving program goals & objectives within defined cost, schedule, & performance contraints What are the 3 Key Risk elements o Cost o Schedule o Performance What is Cost Risk Element Cost risk is an escalation of project cost. It is the risk that the project will cost more than the budget allocated for it. What is schedule element risk Is risk that activities will take longer than expected, & is typically the result of poor p...

AATC 1300 Exam Questions & Answers 2025/2026 What is a Quote? - ANSWERSA quote is not an offer because it does not bind the contractor to perform a task. What is an Offer? - ANSWERSA response to a solicitation that, if accepted, would bind the offeror to perform the resultant contract.. (EX. RFP / IFB / RFQ). What are the "responses" to RFQ, IFB, or RFP? - ANSWERSØ RFQ (simplified acquisition) are "quotations," not offers Ø IFBs (sealed bidding) are offers called "...

_____ Property Evaluation in Contracting Sourcing: Applies to competitive fixed-price contracts, only! Government Furnished Under the GFP consideration factor of "Eliminate competitive advantage," FAR 45.103 envisions a situation where an offer MAY be in possession GFP from another contract, and compels agencies to "Eliminate to the maximum practical extent any _____ a prospective contractor may have by using said government property in the new solicitation." Competitive Advan...

CPPB Domain II: Sourcing with complete solutions. Scope of Work ️ Typically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS ️ Performance Work Statement SOO ️ Statement of Objectives Statement of Work ️ The proposed solution by the successful proposer responding to the Scope of Work appearing in the solicitation. Benchmarking ️ The act...

CON 3990V Study Guide (Latest 2024/ 2025 Update) Questions and Verified Answers-100% Correct-Grade A Q: SF 26 Answer: Award/Contract - used to award negotiated contracts in which signatures of both parties on a single document is appropriate Q: SF 30 Answer: Amendment of Solicitation/Modification of Contract- used to amend any solicitation or modify any contract Q: SF 33 Answer: Solicitation, Offer, and Award - may be used to award either negotiated contracts...

CFCM Study Guide: Full Test Questions and Answers 100% Pass Which of the following is an incorrect statement? a. The government supports the extensive commercial use of innovations created under its contracts. b. The government acknowledges rights to data developed with private funds and restricts its requests for such data. c. Contractors must get permission from copyright owners before using copyrighted materials in data meant for the government. d. Usually, the government will ...

To ensure that contractors fully understand what they will be required to do if awarded a contract, contracting officers insert language primarily into which of the following sections of the Uniform Contract Format - ACCURATE ANSWERH The program protection plan focuses on protecting technology, whereas an OPSEC plan focuses on protecting critical information about an organization and its operations - ACCURATE ANSWERTrue Which of the following is NOT among the five primary steps of the OPSE...

CPPB - Domain II Sourcing Exam Questions & Answers 2024/2025 Scope of Work - ANSWERSTypically developed by procurement to be included in the solicitation to procure services or other more complex combinations of products and services. Sometimes called "Performance Specification" PWS - ANSWERSPerformance Work Statement SOO - ANSWERSStatement of Objectives Statement of Work - ANSWERSThe proposed solution by the successful proposer responding to the Scope of Work appearing in the so...

FAR Parts Latest Update 100% Correct General Subchapter A Federal Acquisition Regulations System Part 1 Definitions of Words and Terms Part 2 Improper Business Practices and Personal Conflicts of Interest Part 3 Administrative Matters Part 4 Competition and Acquisition Planning Subchapter B Publicizing Contract Actions Part 5 Competition Requirements Part 6 Acquisition Planning Part 7 Required Sources of Supplies and Services Part 8 Contractor Qualifications Part...