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...

FAR Parts Questions and Answers Latest Update Already Graded A Which FAR Part provides policies on socioeconomic programs? FAR Part 19. What does FAR Part 31 cover? Contract cost principles and procedures. What is the significance of FAR Part 5? It requires publicizing contract actions to promote transparency and competition. Which FAR Part outlines debarment and suspension procedures? FAR Part 9. What is the purpose of a Justification and Approval (J&A) document? It ...

FAR Parts Questions and Answers Latest Update 100% Correct Which FAR part covers the Federal Acquisition Regulation (FAR) system? FAR Part 1 What FAR part outlines definitions of terms used in federal acquisitions? FAR Part 2 Which FAR part explains improper business practices and conflicts of interest? FAR Part 3 Where can you find guidelines for administrative and information requirements? FAR Part 4 Which FAR part details publicizing contract actions? FAR Part 5 2...

USACE CORB Questions and answers correctly solved What is BCOES and when it required? - correct answers -Biddability, Constructability, Operability, Environmental, & Sustainability -Review plans, specs, designs to see if overall plan should work as intended -Required on all construction actions. Absolutely before award, but before opening proposals -Waiverable under the SAT When are you able to use sealed bidding? - correct answers -Time Permits: Solicitations, Submission, & Evaluatio...

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...

CON 1400 Contract Post-Award Question and answers 100% correct Sealed Bidding; Contracting by Negotiation - correct answers Unless excepted, contracting officers must prepare solicitations and resulting contracts using the UCF when using the procedures in the following: C - correct answers What Section of the UCF includes the Description/specifications, SOW, SOO, PWS? E - correct answers What Section of the UCF covers "Inspection and Acceptance?" no - correct answers Does an a...