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CON 7800 COMMERCIAL ACQUISITION UPDATED
TESTED QUESTIONS AND ANSWERS SURE A+
✔✔SCENARIO: You have been unable to obtain market pricing to perform a price analysis and the offeror has been unable to provide information on recent prices paid by the goverment and commercial customers for the same or similar product under similar terms and conditions. What other information should the contracting officer request from the offeror to aid in making a price reasonableness determination? (Select three that apply). - ✔✔-Prices paid for alternative solutions or approaches.
- Prices paid for similar levels of work or effort on related products.
- Prices paid for the same or similar products sold under different terms and ✔✔SCENARIO: You have gathered all the information you can find from government sources for a particular agency need. You are unsure how much time to spend on public sources. You ask a colleague. Which of the following is good advice? - ✔✔1 look at customer terms and conditions in the industry, trends in the marketplace, and other factors that affect market prices in the industry.
✔✔SCENARIO: Assume you have found an existing commercial determination (CD). Based on the decision tree, "Identifying and Evaluating a Prior CD Steps," Which statement is true? - ✔✔You document any decision regarding a prior CD in the contract file. ✔✔Wrong answers; SCENARIO: You are completing Step 3 in the commercial acquisition process (determining a fair and reasonable price). You are trying to determine the scope and breadth of the market research you need to perform at this point. Which statements are true? - ✔✔* You need to gather at least some sales, pricing, and cost data from the contractor to complete the necessary scope.
- Federal Acquisition Regulation (FAR) 15.404-1(b)(2) and Defense Federal Acquisition Regulation Supplement (DFARS) 212.209 give guidance on the amount of research and type of analysis you need to perform at this stage. ✔✔SCENARIO: You have gathered all the information you can find from government sources for a particular agency need. You are unsure how much time to spend on public sources. You ask a colleague. Which of the following is good advice? - ✔✔1 look at customer terms and conditions in the industry, trends in the marketplace, and other factors that affect market prices in the industry. ✔✔SCENARIO: Your preliminary research indicates that a pressure sensor, a component of an existing commercial product, may be suitable for government use. However, the existing product as a whole is not similar enough to our overall requirement to be evaluated as "of a type" for this Which is the best market research action to take - ✔✔Explore market research on the component separately from the complete product ✔✔Which changes could trigger a price adjustment to the baseline pricing models? (Select all that apply) - ✔✔A change in quantity A change in financing terms Changes in other complexity factors An escalation in material prices ✔✔SCENARIO: You are talking to another contracting officer about how to make comparisons and judge differences as you determine whether products fit into the "of a type" Federal Acquisition Regulation (FAR) commercial product definition (paragrapns (100) and (1109). Which is the best example to use? - ✔✔A military fighter aircraft compared to a passenger aircraft, both incorporating many of the same components and manufactured by the same company.
funding from any level of government." What conclusions regarding commerciality can you reach, based on that statement?
. - ✔✔The product is commercial as it was developed at private expense ✔✔Wrong answer SCENARIO: You have gathered all the information you can find from government sources for a particular agency need. You are unsure how much time to spend on public sources. You ask a colleague. Which of the following is good advice? - ✔✔1 limit my exploration of public sources to specific information about the product or service I'm considering acquiring. ✔✔Why are you encouraged to tap into products and services available in the commercial sector? - ✔✔-Necessary to implement the capability development strategy of the National Defense Strategy (NDS) - Access to cutting-edge innovation
- Lower lifecycle costs ✔✔SCENARIO: While conducting market research on a particular product, you spoke with a salesperson of a potential offeror. "Our company is a commercial company operating in the commercial marketplace," he said. "Therefore, the product you are interested in is obviously a commercial product." - ✔✔Actually, our definition of 'commercial may not be what you expect. We still need to determine if your products fit the FAR definition. ✔✔Wrong answer- SCENARIO: You have completed comparing the form, fit, and function characteristics of the product that your team will be procuring with the form, fit, and function characteristics product previously purchased as a commercial product. - ✔✔Begin developing the commercial determination to document your findings for the contract file. ✔✔SCENARIO: An offeror has made this claim in a response to your request for information: "This product was developed at private expense, with no funding from any level of government." What conclusions regarding commerciality can you reach, based on that statement? - ✔✔The product may or may not be commercial; you need other dala to decide ✔✔SCENARIO: You are planning the scope of a market research effort for a commercial determination for a product. Your team has suggested a number of goals for this effort. Select the three most appropriate goals, regarding the scope of the market research. - ✔✔-Complete a functionality comparison of the proposed product and a similar product.
- Compare customary commercial practices and customary commercial terms and conditions for this category of products or services with required Government terms.
- Gather supporting evidence that the proposed products or services or similar products or services have been sold to the general public. ✔✔respon nd reasonable price mpare proposed prit ce competition will tyl ther factors can resul Question 3 of 13. SCENARIO: You receive multiple offers for a commercial procurement. You observe a significant difference between the highest and lowest priced offers. Which statement describes the approach you should take to complete your price analysis? - ✔✔Expand your analysis to include prior prices paid for the same or comparable products under comparable terms and conditions to verify the validity of the low offer. ✔✔SCENARIO: You are procuring a commercial product and you have just concluded your market research. Changes in the requirement have adjusted the order quantities. As you review your documentation, you realize you'll need to adjust the pricing methods you identified via market research to reflect these new terms. - ✔✔• Access market models to compare historical prices paid and adjust them for specific quantities similar to your new requirement. Employ statistical applications such as regression analysis, which could be useful in examining the relationship between price and one or more independent variables, like forecasting how a set of conditions would impact a price.
Request assistance from Defense Contract Management Agency's (DCMA) Commercial Item Group (CIG). ✔✔SCENARIO: You are conducting an acquisition valued at approximately $3 million using commercial acquisition procedures. You have received more than two offers from independently competing offerors, and these offers satisfy the government's need. - ✔✔Identify which offer best meets the evaluation criteria and check for any facts that suggest the price is Reasonable ✔✔Wrong answer-SCENARIO: Let's assume you are researching ruggedized hard drives and considering the "of a type" commercial product definition. You compare the proposed product to an existing product used in the oil industry. The proposed hard drive has a higher drive speed and larger storage capacity than the existing product. - ✔✔The ruggedized product does not fit the "of a type" definition-but it may still fit the modified Federal Acquisition Regulation (FAR) (paragraph [3]) definition. ✔✔SCENARIO: You are evaluating the price for a particular product, and you cannot identify another product with the same exact features. As a result, you have chosen to use the parametric estimating method to develop a cost estimating relationship (CER). - ✔✔How accurate is the CER? Has the CER been widely accepted in the marketplace (by both buyers and sellers)?
VIII Billing provider IX Provider signature X Work related a. I, III, VII, and IX b. I and X c. V, VII, and VI d. There are no errors on this claim. - ✔✔b. I,VIIII, and X Rationale: The date of birth is not in the correct format and the birth year is incorrect. The date of birth is shown in Item 3 on the claim form. Enter the patient's 8-digit birth date (MM|DD|CCYY). Diagnosis code is listed as only S233 when it is actually S23.3XXA (don't use the decimal on CMS1500 form) The claim form states the injury is work related however based on the documentation this injury was not due to work. ✔✔Using the information in CPB Chapter 8 Case 1, answer the following question. What should be done to correct the claim? I Correct the formatting of Item 3 on the claim. II Add the patient's secondary insurance information on the claim. III Enter the ordering provider's name and NPI. IV Review the ICD- 10 - CM codebook and the medical record to determine the correct diagnosis code. V Review the medical record to verify an X-Ray was performed. a. II and V b. I, II, and III c. I and IV d. There are no errors on this claim. - ✔✔c. I and IV Rationale: Item 3 needs to be formatted to include a zero before the month and the day so the format of the date of birth is correct and change the year to 1973 instead of 1963. Because the ICD- 10 - CM code is truncated, the biller will need to view the codebook to determine how many characters are needed and medical record is required to complete applying those characters. ✔✔Using the information in CPB Chapter 8 Case 2 to answer question 3. After review of the information provided, are there any errors on the claim form? If so, which elements are incorrect? I Primary Insurance II Primary insurance ID number III Relationship to the insured IV Place of Service V Provider NPI VI CPT code(s)
VII Modifier VIII Diagnosis code IX Units of service X Service Facility Location Information a. III, IV, and X b. III and VIII c. VIII, IV and X d. None of the above - ✔✔b. III and VIII Rationale: All elements of the claim are correct except: III - relationship to the insured is incorrect. Spouse is checked, where self needs to be checked. VIII - the diagnosis code needs another character. When the code is referenced in the Tabular List, a 7th character icon indicates the need for a 7th character. The A for initial visit is added to the end of the code. ✔✔Using the information in CPB Chapter 8 Case 3 to answer question 4. After review of the information provided, are there any errors on the claim form? If so, which elements are incorrect? I Primary Insurance II Primary insurance ID number III Relationship to the insured IV Birthdate of insured V Provider NPI VI CPT code(s) VII Modifier VIII Diagnosis code IX Units of service X Service Facility Location Information a. II, III, VII, and X b. I, II, and III c. III and IV d. None of the above - ✔✔c. III and IV Rationale: All of the elements are correct except - III - the relationship to the insured. The box checked is self, when the spouse is the insured IV - Birthdate of the insured - this has been left blank and the birthdate of the insured must always be included. ✔✔Using the information in CPB Chapter 8 Case 4 to answer question 5. After review of the information provided, are there any errors on the claim form? If so, which elements are incorrect? I Primary Insurance II Primary insurance ID number
✔✔Use the information in CPB Chapter 8 Case 5 to answer the following question. What should be done to correct the claim? I Complete Item 3. II Add the patient's secondary insurance information on the claim. III Enter the ordering provider's name and NPI. IV Review the ICD- 10 - CM codebook and the medical record to determine the correct diagnosis code. a. I b. III c. I and III d. II and IV - ✔✔a. I Rationale: Item 3 needs to be completed; enter the patient's 8-digit birth date (MM|DD|CCYY). ✔✔ SCENARIO: You have been unable to obtain market pricing to perform a price analysis and the offeror has been unable to provide information on recent prices pald by the goverment and commercial customers for the same or similar product under sumilar terres and condibons. What other information should the contracting officer request from the offeror to aid in making a price reasonableness determination? (Select three that apply). - ✔✔Prices paid for alternative solutions or approaches. Prices paid for the same or similar products sold under different terms and conditions. Prices paid for similar levels of work or effort on related products. Mark for follow up » ✔✔Which changes could trigger a price adjustment to the baseline pricing models? (Select all that apply). - ✔✔A change in quantity A change in financing terms Changes in other complexity factors An escalation in material prices ✔✔SCENARIO: You have been assigned as the procuring contracting officer for a services contract. You have assigned your contract specialist to research past procurements of the same or similar services to help determine whether your potential acquisition will meet the definition of a commercial service. To assist them with market research, your assigned contract specialist asks you to describe the characteristics of commercial services. - ✔✔WRONG- "Services that could be offered or sold competitively, in substantial quantities, in the commercial
✔✔SCENARIO: Three offerors have submitted prices on a firm-fixed-price solicitation. You have done your due diligence to ensure there is no collusion. You have evaluated the offers to ensure that the selected offeror is responsible, and their price is fair and reasonable. Which represents a reasonable next step? - ✔✔WRONG- Obtain certified cost or pricing data from each offeror. ✔✔SCENARIO: You are performing a price analysis for a product procurement. Your colleague suggests using the parametric cost estimating techniques - ✔✔Information pertaining to characteristics of the product that might have an influence on the price. ✔✔SCENARIO: You are looking at catalog pricing data as part of the market research to determine a fair and reasonable price for a proposed service. Which statement is true about catalog pricing - ✔✔If a company routinely provides various discounts off its established catalog price, then the catalog price would not be reliable to determine a fair and reasonable price. ✔✔Why is the commercial determination such a big deal? Doesn't commercial just mean commercially available off-the-shelf - ✔✔There are products that do not fit the COTS definition that still fall under our *commercial" definition. ✔✔SCENARIO: Why do we need to determine commerciality before we use the streamlined commercial acquisition procedures? You ask yourself, "After all, if a company or facility has been deemed commercial, surely all the products or services provided by that company or facility are commercial?" Which is the appropriate response? - ✔✔Commerciality is specific to products and services, not companies or facilities.
