Incentive contracts Study guides, Class notes & Summaries

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 Fide Needs Rule What contract types can be used for commercial item purchases? - FFP or FPEPA What is the Simplified Acquisition Threshold for commercial products and services? What is it for noncommercial? - $7.5...

CQM-C Exam 40 Questions with Verified Answers The purpose of Construction Quality Management is to: - CORRECT ANSWER Achieve the quality established by properly developed requirements through the combined responsibility, but seperate efforts of contractpr smd government personnel. Construction Quality Management is the performance of tasks, which ensure that construction is performed. - CORRECT ANSWER According to plans and specifications, on time, within a defined budget and a safe work e...

It is the Government's policy that before executing a contract, the contracting officer must: (Ans- Obtain written assurance from the responsible fiscal authority that adequate funds are available. What would be the preferred way to acquire an item in Government contracting? (Ans- Purchase the requirement as a commercial item. Acquisition planning should begin: (Ans- As soon as the agency need is identified Which of the following is an exception to obtaining certified cost or pri...

CON 3990 Exam Questions and Answers Already Passed 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 Fide Needs Rule What contract types can be used for commercial item purchases? FFP or FPEPA What is the Simplified Acquisition Threshold for commercial pr...

Contracting Officer warrant board questions|100% Verified Correct You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your de...

ETS MFT BUSINESS EXAM The principal difference between variable costing and absorption costing centers on: a) whether variable manufacturing costs should be included as product costs b) whether fixed manufacturing costs should be included as product costs c) whether fixed manufacturing costs and fixed selling and administrative costs should be included as product costs d) none of these. General Bikes is debating which marketing research options to employ. The traditional p...

Contracting Officer Warrant board questions with complete solutions You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider i...

Contracting Officer warrant board questions|100% Verified Correct You are the PCO for a major competitive negotiated source selection. The RFP, which reflects the user's requirements and is based on the user's budget, has a requirement for 220 cargo loaders to be delivered at 55 per year over the next four years. One offeror proposes to deliver all 220 loaders in the first year at a dramatically reduced price. Can you accept the offeror's proposal? What factors should you consider in your de...

CON 3900 Practice Exam: Questions & Answers Latest 2024/2025 (100% Correct) Market research is conducted during which phase of acquisition? (Ans- All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? (Ans- Deviation Simplified Acquisition Procedures (SAP) should (Ans- Promote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? (Ans- DD Form 1547, Weighted Guidelines Method What type(...

What is the Micro-purhcase threshold for supplies? correct answer: $10k All incentive contracts (schedule or performance) must also include what? correct answer: Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? correct answer: Bona Fide Needs Rule What contract types can be used for commercial item purchases? correct answer: FFP or FPEPA What is the Simplified Acquisition Threshold for comm...