CON 2370 Simplified Acquisition Procedures 2024-2025. Questions & Correct Answers. Grade A, Exams of Finance

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CON 2370 Simplified

Acquisition Procedures 2024-

2025. Questions & Correct

Answers. Graded A+

Six quotes were received in response to your solicitation for new office equipment that utilized the lowest price technically acceptable source selection process. The quotes submitted by vendors A, B, and D were determined to be technically acceptable.Vendor A quoted a price of $146,500;Vendor B quoted a price of $128,250; and Vendor D quoted a price of $132,800.Which one of the following statements about the award decision is correct? - ANSVendor B is the apparent awardee and price reasonableness would be based on competition Which one of the following is correct regarding documenting the award of a buy using SAP? - ANSNOT Maybe Statement of price reasonableness is not required when only one quote or offer is recieved MAYBE comparison of competitive quotes is the least preferred method for

determining price reasonableness. Which one of the following is NOT a mandatory Government source for satisfying a supply requirement? - ANSMAYBE commercial sources Which one of the following is NOT correct regarding documenting the award of a buy using SAP? - ANSNOT Records of oral price quotations must be established to clearly reflect the appropriateness of the award decision. maybe award documentation should be kept minimum Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - ANSNOT Reviewing electronic and digital submission to ensure they are readable Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP?

• ANSreviewing the quotation for responsibility Which one of the following mandatory Government sources is the first priority for satisfying a requirement for services? - ANSThe Procurement List maintained by The Committee for Purchase From People Who Are Blind or Severely Disabled Which one of

the following market research results would NOT support a commercial item determination? - ANSThe part was developed using government funding and is only sold to DoD agencies. Which one of the following market research results would NOT support a commerciality determination? - ANSThe part sold to the general public needs' extensive modifications not customarily available in the commercial marketplace. Which one of the following market research results would NOT support a commerciality determination? - ANSThe part was developed using government funding and is only sold to DoD agencies. Which one of the following market research results would support a commercial item determination? - ANSThe services are offered and sold competitively in substantial quantities in the commercial marketplace based on market prices Which one of the following statements about solicitations using SAP is correct? - ANSBuyers are encouraged to use the best value Which one of the following statements about solicitations using SAP is correct? - ANSNOT The relative

importance of each evaluation factor must be stated MAYBE stating the relative importance assigned to each evaluation factor is not required Which one of the following statements about the evaluation of quotations or offers using SAP is true? - ANSNOT A formal evaluation must be established prior to evaluating quotations or offers. MAYBE contracting officers have the discretion to use the evaluation prescribed in far parts 14 and 15 Which one of the following statements about the evaluation of quotations or offers using SAP is true? - ANSQuotations or offers must be evaluated using the basis stated in the solicitation Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ANSNOT Agencies may separate requirements into smaller purchases that do not exceed SAT in order to maximize the use of SAP MAYBE contracting officers are required to use a combination of procedures ... etc. MAYBE: the purpose of SAP is to improve opportunities to obtain a fair portion Which one of the following statements is true regarding

the policies for the use of simplified acquisition procedures (SAP)? - ANSNOT Award documenation must be extensive and detailed Which one of the following would result in the establishment of a contract - ANSMAYBE Government issuance of an order in response to a quotation You are reviewing the requirements package for the purchase of automatic standby generators. Market research results identify multiple sources in the commercial marketplace that meet the essential physical characteristics for this requirement. The generators were previously procured using a military specification that includes restrictive conditions that are not justified.Which one of the following is correct regarding the policies for describing your agency's needs? - ANSThe requirement should be defined in terms that ensure it can be met by commercial products. You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs.

Market research identified only one manufacturer able to meet the requirement for compatible equipment.Which one of the following is correct regarding the policies for describing your agency's needs? - ANSThe basis for not providing for maximum competition must be documented in the contract file. You are reviewing the requirements package for the purchase of videoconferencing equipment. Market research results identified multiple sources for this equipment in the commercial marketplace. The purchase description requires a particular brand name because the users are familiar with this brand of equipment and would prefer to not have to learn how to use a different brand. Which one of the following is correct regarding the policies for describing your agency's needs? - ANSMAYBE The requirement should be defined in terms that ensure it can be met by commercial products. NOT A brand name purchase description is only permitted if the item is not commercial not maybe used bc there are no limitations. You are the buyer for a construction requirement with an estimated

value of $75,000. A notice of the proposed contract action is required.Which one of the following solicitation methods must be used? - ANSWritten Solicitation You are the contracting officer for a commercial product requirement with an estimated value of $178,000. Only one quotation was received in response to the competitive solicitation, and the information obtained through market research is insufficient to determine the quoted price fair and reasonable.Which one of the following statements about the price reasonableness determination is most appropriate? - ANSmaybe Recent purchase prices paid for the item under similar terms and conditions should be considered if they are still valid comparison You are the contracting officer for a commercial product requirement with an estimated value of $415,000. Six quotations that meet the Government's requirement were received in response to the solicitation and there is no reason to believe the proposed prices are unreasonable. Which one of the following statements about the price reasonableness

determination is most appropriate?Correct - ANSComparison of the quotations will likely meet the requirement to obtain market research in support of the fair and reasonable determination. You are the contracting officer for a commercial services contract that contains options. You send the preliminary notice of your intent to extend the contract within the timeframe outlined in the options clause. Which one of the following statements is correct? - ANSNOT You no longer have the right to exercise the option. MAYBE You may exercise the option using a unilateral modification You are the contracting officer for a commercial services contract valued at $3,750,000.Which one of the following statements regarding changes to the contract is true? - ANSAny change to the contract terms must be made by written agreement of the parties. You are the contracting officer for a commercial services requirement with an estimated value of $2,600,000. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing

this proposed contract action? - ANSNotice of the proposed action must be transmitted to the GPE. You are the contracting officer for a construction requirement with an estimated value of $20,600. Access to the written solicitation will not be provided in the GPE, and none of the exceptions in FAR 5. apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - ANSCORRECT notice of the solicitation, or a copy of the solicitation, must be posted in a public place You are the contracting officer for a firm-fixed price commercial services contract that was partially terminated for convenience. You are in the process of negotiating the termination settlement. Which one of the following statements about contract closeout is correct? - ANSNOT The contract must be closed within six months after you receive evidence of receipt of property and final payment. MAYBE The contract file cannot be closed at this time You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of

$1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted late.Which one of the following statements regarding the nonconforming performance is FALSE? - ANSThe government must pay for the reperformance of the nonconforming service because the report was accepted. You are the contracting officer for a firm-fixed-price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the end user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully compliant with the specification in the contract.Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government?Correct - ANSThe Contractor You are the contracting officer for a firm-fixed-price purchase order for noncommercial supplies that includes the clause at FAR 52.213-4. One week after delivery and

acceptance of the items, the end user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully compliant with the specification in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government? - ANSThe Contractor You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ANSThe contract is considered closed once you receive evidence of receipt of property and final payment You are the contracting officer for a noncommercial bilateral purchase order for supplies valued at $155,600. Which one of the following actions would be executed using a unilateral modification? - ANSmaybe equitable maybe recognizing an agreement to modify the schedule You are the contracting officer for a requirement for commercial services with an estimated value of $780,000. Four quotations were received in response to the solicitation and

market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate? - ANSMarket research must be conducted or obtained to support the fair and reasonable determination. You have a one-time requirement for a purchase of noncommercial supplies with an estimated value of $235,000. The supplies are not immediately available.Which one of the following simplified acquisition methods would be the most appropriate to use? - ANSmaybe purchase order You have a one-time requirement for a purchase of noncommercial supplies with an estimated value of $235,000. The supplies are not immediately available.Which one of the following simplified acquisition methods would be the most appropriate to use? - ANSPurchase Order You have a repetitive requirement for individual purchases of the same commercial service. The estimated value of the individual purchases ranges from $75,000 to $500,000. Which one of the following simplified acquisition methods would be the most appropriate to use? - ANSBlanket Purchase

Agreement (BPA) You have a requirement for a new contract for grounds maintenance at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations.Consistent with the order of precedence for requirements documents, which one of thefollowing documents would be included in the new contract? - ANSPWS You have a requirement for a new contract for janitorial services at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations - ANSPWS You have a requirement for a new contract for janitorial services at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations. Consistent with the order of

precedence for requirements documents, which one of the following documents would be included in the new contract? - ANSPWS You have a requirement for a noncommercial purchase with an estimated value of $225,000. Notice of the proposed contract action is required, and no exceptions applyWhich one of the following solicitation methods would be most appropriate? - ANSElectronic Commerce You have a requirement for a one-time purchase with an estimated value of $18,700 that is not in support of a contingency operation. This acquisition is not required to be synopsized and access to the solicitation will not be provided in the GPE. Which one of the following describes the competition requirement for this acquisition? - ANSCompetition is normally obtained by soliciting from sources within the local trade area. You have a requirement for a one-time purchase with an estimated value of $18,700. This acquisition is not required to be synopsized and access to the solicitation will not be provided in the GPE. Which one of the following describes the competition

requirement for this acquisition? - ANS.NOT Competition is normally obtained by soliciting from sources within the local trade area. You have a requirement for a purchase with an estimated value of $13,000. The use of electronic commerce is not practical, and notice of the proposed contract action is not required. Which one of the following solicitation methods would be most appropriate? - ANSoral solicitation You have a requirement for a purchase with an estimated value of $8,700.Which one of the following describes the competition requirement for this acquisition? - ANSMaybe The acquisition must utilize full and open competition You have a requirement for administrative support with an estimated value of $1,500,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 4 small businesses and 8 large businesses. Which one of the following statements is correct? - ANSThe entire acquisition must be set aside exclusively for small business You

have a requirement for an individual purchase for supplies with an estimated value of $5,875. The supplies are not immediately availableWhich one of the following simplified acquisition methods would be the most appropriate to use? - ANSgovernment purchase card You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts are sold to the general public and are used for nongovernmental purposes. The estimated dollar value of the acquisition is $625,000. Which one of the following statements is true? - ANSThe use of simplified acquisition procedures is authorized You have a requirement for water restoration services at your base in Louisiana. These services are of a type sold competitively in substantial quantities in the commercial marketplace based on market prices. The estimated dollar value of the acquisition is $1,250,000.Which one of the following statements is true? - ANSMAYBE The use of simplified acquisition procedures authorized. You have just been informed that a purchase order you recently awarded for

commercial supplies is no longer needed and must be cancelled. The order was not accepted in writing by the contractor. Which one of the following statements is true? - ANSThe purchase order is considered cancelled if the contractor accepts the Government's written cancellation and does not claim costs were incurred. You have just been informed that a purchase order you recently awarded for noncommercial supplies is no longer needed and must be cancelled. The order was accepted in writing by the contractor.Which one of the following statements is true? - ANSMAYBE the purchase order is considered cancelled once the contracting officer verifies the contractor has received the governments writen cancelation CORRECT the purchase order is considered cancelled if the contractor accepts the governments writen cancelation and does not claim cost were incurred MAYBE The purchase order must be terminated in accordance with far You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit

quotations from three local sources. Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? - ANSNotice must be provided to each of the unsuccessful vendors. You just made a purchase for services in the amount of $20,700. You used a written solicitation to solicit quotations from three local sources.Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? - ANSNotice to the unsuccessful vendors will only be given if requested You just made a purchase in the amount of 22,300. You solicitated quotations orally from four local sources. Which of the following statements is correct regarding providing notice to the unsuccessful suppliers? - ANSnotice to unsuccessful suppliers will only be given if requested You just made an award for services in the amount of $235,200 based on price and past performance. One of the unsuccessful vendors has requested information on the award decision.Which one of the

following describes the action you must take? - ANSYou must provide a brief explanation of the basis for the award decision