CON 3990 Exam Questions and Correct Answers | Latest Update
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Course
CON 3990
Institution
CON 3990
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 Fi...
✓ -:- 1) Contract admin office is responsible for initiating, reviewing contract fund
status, and deobligating excess funds
2)KO issues a contract completions statement
3) KO files completed statement and signed copy send to admin office
How long are contract documents retained after closeout?
✓ -:- 6 years after final payment
What does a KO need prior to commencement of negotiations for a sole source contract,
commencement of negotiations for a contract resulting from an unsolicited proposal, or
award without providing for full and open competition?
✓ -:- Justification and Approval which justifies the actions in writing, certifies the
accuracy and completeness of the justifications and obtains the approval required
The KO shall not award a sole-source contract for an amount exceeding $25M unless
✓ -:- they have a signed Justification and Approval
A J&A should include
✓ -:- Description of action being approved
Description of supplies or services required + estimated value
statutory authority permitting other than full and open comp
demonstrate why specific KTR is required (instead of comp)
4|P a g e | G r a d eA + | 2 0 2 0 2 5
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