Fair proposal - Study guides, Study notes & Summaries

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule....

CMP EXAM 2024 Questions with Complete Solutions Graded A+ What correspondence that documents every decision and detail confirmed with suppliers is considered the final authority on event details? - Answer-Event specifications guide (ESG) Revisions are taking place during the execution of the meeting programme. What document should be used to clarify these revisions? - Answer-Change order In scheduling the promotion of next year's annual conference, how far in advance should the meeting p...

CON 3990 Contracting Certification Quiz 3 of 4 Latest Update Graded A+ It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from? Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price Which of the f...

What is the term for management controls that are built in to a research study (for example, independent data analysis)? Inherent controls An example of an individual financial COI is: A researcher's wife holds equity in a publicly traded pharmaceutical company that is also the sponsor of the researcher's study. The peer review process can create conflicts of interest because the choice of who reviews a potentially publishable project may show: There may be bias by the peer reviewer as to...

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...

What are exception to certified cost or pricing data requirements? Commercial items, Prices set by law or regulation, Adequate price competition The threshold for obtaining certified cost or pricing data is: $750,000 A post-award debriefing of offerors shall include which of the following: evaluation of the significant weaknesses or deficiencies in the offeror's proposal, overall evaluated cost or price (including unit prices), and technical rating, if applicable, of the succes...

Contracting Officer Representative Course Latest Update Graded A+ FAR Federal Acquisition Regulation FAR must follow 1) commit to fair and open competition 2) ensure responsible use of taxpayer money 3) maintain highest ethical standards COR general responsibilities 1) acquisition planning 2) market research 3) contract/performance management COR traits technical expertise and familiarity with all aspects of the contract COR specific duties 1) furnish technical direction and monitor contract...

Discuss the Form Contract domain of the Award phase of the contract management life cycle. Discuss the processes involved in this domain. - ANSWERThis is mostly the domain of the buyer. It is the process of determining reasonable cost and pricing, conducting negotiations, selecting the source, and managing protests and appeals. It has a direct impact on the performance and results of the post-award processes. 1. Cost or price analysis - these two techniques are used to determine a fair and rea...

CON 1200V Exam (Latest 2024/ 2025 Update) Questions and Verified Answers-100% Correct-Grade A Q: What level of competition is required for acquisitions using simplified acquisition procedures? Full and open competition after the exclusion of sources Full and open competition Competition to the maximum extent practicable Other than full and open competition Answer: Competition to the maximum extent practicable Q: Which of the following is NOT a use of evaluation criteria? ...

Cost or Pricing - FAR 15.4 Latest Update Graded A+ Definition of Certified Cost or Pricing Data All facts, that as of the date of price agreement, or if applicable, an earlier date agreed upon between the parties that's as close as practicable to the date of agreement on price, prudent buyers and sellers would reasonably expect to affect price negotiations significantly. Cost or pricing data are factual, not judgmental; and are verifiable. Pricing Policy PCO shall purchase from res...