Contractor and the ko Study guides, Class notes & Summaries

What is a Contracting Officer Representative? - A technical representative that is appointed by the contracting officer through a designation letter The procuring Contracting Officer, Administrative Contracting Officer, Termination Contracting Officer, and the Contracting Officer's Representative are key players in the acquisition process. From the following statements, choose the correct answer: - The contracting officer appoints the contracting officer's representative in writing In yo...

Truth in Negotiations Act (TINA) Occurs when the contractor gives false cost and pricing data during negotiations subject. Defective pricing means the contractor certified to false data. Currently, the TINA threshold is $750,000. The possibility of defective pricing must be analyzed and substantiated before the KO takes action. What are Fixed Price Contracts? Fixed price contracts provide for a price that is not subject to any adjustment on the basis of the contractor's cost experienc...

Pre-Award Phase - correct answer (1st phase of contracting life cycle) This phase involves all work performed by the buyer (Government or prime contractor) and seller (contractor or subcontractor) in communicating the buyer's requirements and providing a solution to those requirements. What activities make up the Pre-Award Phase? - correct answer 1) Develop Solicitation 2) Develop Offer Award ...

Truth in Negotiations Act (TINA) correct answer: Occurs when the contractor gives false cost and pricing data during negotiations subject. Defective pricing means the contractor certified to false data. Currently, the TINA threshold is $750,000. The possibility of defective pricing must be analyzed and substantiated before the KO takes action. What are Fixed Price Contracts? correct answer: Fixed price contracts provide for a price that is not subject to any adjustment on the basis of the...

Truth in Negotiations Act (TINA) - Occurs when the contractor gives false cost and pricing data during negotiations subject. Defective pricing means the contractor certified to false data. Currently, the TINA threshold is $750,000. The possibility of defective pricing must be analyzed and substantiated before the KO takes action. What are Fixed Price Contracts? - Fixed price contracts provide for a price that is not subject to any adjustment on the basis of the contractor's cost experience...

Truth in Negotiations Act (TINA) - Answer-Occurs when the contractor gives false cost and pricing data during negotiations subject. Defective pricing means the contractor certified to false data. Currently, the TINA threshold is $750,000. The possibility of defective pricing must be analyzed and substantiated before the KO takes action. What are Fixed Price Contracts? - Answer-Fixed price contracts provide for a price that is not subject to any adjustment on the basis of the contractor's ...

Operational Contract Support (OCS) - 3C Course - Week 2Operational Contract Support (OCS) - correct answer Term that represents the process of planning for and obtaining supplies, services, and construction from commercial sources in support of contingency operations. The Federal Acquisition Regulation (FAR) - correct answer What is the overarching publication that governs contracting actions in the US Govt to include OCS related contracting? The Gansler Commission - correct answer What w...

Fiscal Law Final Exam, Answered-It is appropriate for the Army to acquire lawn cutting services through the Project Order Statute. True False QUESTION 2 1. The proper amount of money to obligate at the award of a firm fixed- price contract is: The full amount of the contract. Nothing until the contractor performs the required work. Half of the total liability. A conservative amount based on the government’s estimated future requirements. QUESTION 3 1. Ho...

CON 3990 FAR Parts Exam Questions and Answers Latest Update 2023/2024 Graded A+. FAR Part 1 -CORRECT ANSWER Federal Acquisition Regulation System FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -CORRECT ANSWER Administrative Matters FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Plann...

CFCM FAR Part 4 Study Guide with Complete Solutions(rated A+) CFCM FAR Part 4 Study Guide with Complete Solutions(rated A+) CFCM FAR Part 4 Study Guide with Complete Solutions(rated A+) KOs shall distribute copies of contracts or mods within 10 working days after execution by all parties. As a minimum, the KO shall -- - ANSWER-(a) Distribute simultaneously 1 signed copy or reproduction of the signed contract to the contractor and the paying office; (b) When a contract is assigned to an...