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CON1100V Study Guide – Complete With Solutions
Typology: Exams
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To acquire and modernize military unique programs that provide enduring capability. Right Ans - Major Capability To acquire services from the private sector including knowledge-based, construction, electronics and communications, equipment, facilities, product support, logistics, medical, research and development, and transportation services. Right Ans - Acquisition of Services Acquisition planning must involve all personnel responsible for significant aspects of the acquisition. What is the purpose of acquisition planning? Right Ans - To ensure that the Government meets its needs in the most effective, economical, and timely manner Market research means ________________ and ______________ information about capabilities within the market to _____________ agency needs. Right Ans - collecting, analyzing, satisfy Simplified acquisition is an acquisition method prescribed by FAR part 13 for purchasing supplies and services, including construction, research and development, and commercial items, for which the aggregate amount does not exceed the _____________________________________ which currently is Right Ans - simplified acquisition threshold, $7.5 million ($15 million for acquisitions as described in 13.500 (c)). Generally, contract types are grouped into what two families? Right Ans - 1st family - Fixed-Price 2nd family - Cost-Reimbursement
Which best value source selection process allows the Government to award to other than the lowest priced offeror or other than the highest technically rated offeror? Right Ans - Tradeoff Solicitations under sealed bid procedures are called Right Ans - invitation for bids Solicitations under negotiated procedures are called Right Ans - requests for proposal Solicitations under simplified acquisition procedures may require submission of either a quotation or an offer. Right Ans - True Amendments issued before the established time and date for receipt of proposals shall be issued to ___________ parties receiving the solicitation. Right Ans - All Amendments issued after the established time and date for receipt of proposals shall be issued to all offerors that have not been ___________ from the competition. Right Ans - eliminated The Government's policy on pricing is that Contracting Officers shall purchase supplies and services from ______________________________ at __________________________. Right Ans - responsible sources; fair and reasonable prices After the solicitation closes and prior to award, clarifications (a type of Exchange) are used to help determine if an offeror should be included in the competitive range. Right Ans - A successful proposal evaluation depends on: Right Ans - 1 - Appropriate, well-defined evaluation criteria 2 - Evaluation rating standards that are understood and applied consistently among evaluators and among all proposals being evaluated 3 - A careful review of the language in each proposal to ascertain how the offeror will meet the requirements of the RFP and to identify assumptions and statements that may indicate increased cost/price and/or risk to the Government. 4 - Fully documented evaluation findings
Which type of modification requires the signature of both the Contracting Officer and the contractor? Right Ans - Bilateral What does it mean for a contract to be physically complete? Right Ans - Deliveries are made and government inspected and accepted the supplies. Services are performed and government accepted. What are the Closeout Time Standards? Simplified Acquisition Procedures (SAP): Right Ans - closed when evidence of receipt of supplies/services and final payment is received What are the Closeout Time Standards? Contracts requiring settlement of indirect cost rates Right Ans - 36 months after physical completion What are the Closeout Time Standards? Firm-Fixed-Price: Right Ans - 6 months after physical completion months after physical completion What are the Closeout Time Standards? All others: Right Ans - 20 months after physical completion