CON 3990 Exam Questions and Correct Answers | Latest Update

Market Research is conducted during which phase of acquisition? -:- All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? -:- Deviation Feedback: See FAR 1.401(a) Simplified Acquisition Procedures should -:- Promote competition to the maximum extent...

FAR Part 1 -:- Federal Acquisition Regulation System FAR Part 2 -:- Definitions of Words and Terms FAR Part 3 -:- Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -:- Administrative Matters FAR Part 5 -:- Publicizing Contract Actions FAR Part 6 -:- Competitive...

What is the Micro-purhcase threshold for supplies? -:- $10k All incentive contracts (schedule or performance) must also include what? -:- Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? -:- Bona Fid...

What are the three contracting life cycle phases Pre-award, Award, and Post-award Define the pre-award phase Invokes all work performed by both the buyer (Gov 't or Prime Contractor) and seller (contractor or sub) in communicating the buyer's requirements and providing a solution to those...