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CON 1300 PRACTICE EXAM With 100% Correct And Verified Answers 2025 An offer is response to a solicitation that, as accepted, would bind the offeror to perform the resultant contract. - Correct Answer-True A quotation could include specs but no technical or past performance documentation? - Correct Answer-True What would it be if you include technical or past performance? - Correct Answer-A proposal Are there tradeoffs in LPTAs? - Correct Answer-No Which risk element indicates how well the contractor would or would not be able to satisfy the requirement of statement of work? - Correct Answer-Performance risk
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An offer is response to a solicitation that, as accepted, would bind the offeror to perform the resultant contract. - Correct Answer-True A quotation could include specs but no technical or past performance documentation? - Correct Answer-True What would it be if you include technical or past performance? - Correct Answer-A proposal Are there tradeoffs in LPTAs? - Correct Answer-No Which risk element indicates how well the contractor would or would not be able to satisfy the requirement of statement of work? - Correct Answer-Performance risk Which of the following are not to go risk types? - Correct Answer-Subcontracting Proposal analysis. Is it to ensure the contractor is final agreed to-price is fair and reasonable? - Correct Answer-True Cost realism is required for all cost type contracts. - Correct Answer-True During performing price an.alysis we compare separate cost elements - Correct Answer-False Is GFP a price related factor? - Correct Answer-YES (competitive fixed price only!!!) What price adjustment do we alter HUBZones by? - Correct Answer-10% When we are not doing tradeoffs what is the price we tend to go with? - Correct Answer- Lowest Price Technically Acceptable When we have certified cost/pricing data what type analysis are we going to do? - Correct Answer-Cost analysis
Steps to using cost analysis? - Correct Answer-· Get a "Good" Proposal [FAR Table 15.2 compliant] · Enlist Help of Others · Review the proposal · Model the proposal · Fact-find the proposal · Evaluate the proposal Can you alter a contractor's price to determine most probability cost when performing cost analysis for cost reimbursement contract? - Correct Answer-Yes Can you use cost realism for fixed price when new requirements may not be fully understood? - Correct Answer-Yes What documents do we use to document fair and reasonable pricing? - Correct Answer- Price negotiation Memorandum (PNM) What do we use the Source selection decision process for? - Correct Answer-To determine who wins the award and for fair and reasonable pricing If we decide were going to award without discussions, does the offeror have an opportunity to clarify any aspects of their proposal? - Correct Answer-Yes When negotiating, the government is trying to enforce their requirements, what about the contractor's requirements (i.e. who drives the requirements)? - Correct Answer-The government drives and makes decisions on the requirements What is bargaining? - Correct Answer-Bargaining is the exchange of information in the negotiation process- anything is negotiable Reasons why we do technical evaluations? - Correct Answer-To identify deficiencies and problems and identify offeror's whose technical don't meet minimum requirements (either throw out or enter into negotiations) What is the functional team member that closely tracks schedule while providing leadership and guidance to overcome problems or delays? - Correct Answer-The PM What are some evaluation factors found in proposals? - Correct Answer-Cost, Price, Technical, Past Performance What are some venues used in negotiations? - Correct Answer-Email, Phone, Virtual What is a take it or leave it position? - Correct Answer-Posistion Based Negotiation What is identifying each other's interests? - Correct Answer-Interest Based Negotiation