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CORB | Exam | with | precise | detailed |
answers
A | legally | binding | contract | must | contain | what | elements? | - | Correct | answer | ✔Two | or | more | parties | with | the | capacity | to | contract | have | an | agreement | and | mutual | accent | under | the | correct | form | to | legally | exchange | something | of | value | via | an | offer | and | acceptance | of | that | offer. | Capacity | to | contract Show | agreement Include | an | offer Include | acceptance Have | mutual | assent Value | being | exchanged Legally | purposeful Correct | form Explain | the | difference | between | an | offeror's | experience | and | an | offeror's | past | performance? | - | Correct | answer | ✔FAR | PART | 9-Contractor | Qualifications Experience- | What | an | offeror | has | done | (resume) Past | Performance- | How | well | the | offeror | performed | (appraisal)
If | a | contractor | is | included | on | the | list | of | parties | excluded | from | federal | procurement | and | non-procurement | programs, | what | are | the | rules | on | continuation | of | current | contracts | with | the | contractor? | - | Correct | answer | ✔FAR | PART | 9- | Contractor | Qualification Continue | Services | unless | agency | head | directs | otherwise Unless | agency | head | makes | determination | of | compelling | reasons | Do | Not- Place | orders | exceeding | guaranteed | minimals | (IQ) Place | orders | under | FSS, | BPAs, | BOAs Add | new | work | or | extend | contracts/ | orders Define | what | it | means | for | a | contractor | to | be | responsible? | - | Correct | answer | ✔FAR | PART | 9- | Contractor | Qualifications Adequate | financial | resources, | performance | record, | legal | ability | to | contract, | needed | KSAs | to | meet | the | needs | of | the | contract Able | to | meet | delivery | or | performance | schedules | and | work | requirements How | do | you | determine | a | prospective | contractor | to | be | responsible? | Are | there | any | differences | in | that | process | for | contracts | under | the | SAT | versus | contracts |
Commitment- | setting | asides | funds | after | receiving | a | PR How | does | a | contractor | indicate | acceptance | of | a | purchase | order? | - | Correct | answer | ✔FAR | PART | 13- | SAP Notification | to | the | GOV't | (preferred | in | writing) Furnishing | ordered | supplies | or | services | ordered Proceeding | with | work | where | substantial | performance | has | occurred Explain | the | legal | effect | of | quotations | and | how | a | contractor | indicates | acceptance | of | a | purchase | order? | - | Correct | answer | ✔FAR | PART | 13- | SAP Quotation- | isn't | an | offer | and | cannot | be | used | as | a | binding | contract Contract | is | established | when | the | supplier | accepts | the | offer Acceptance= | notification | to | government | (preferred | in | writing), | furnishing | ordered | supplies | or | services, | proceeding | with | work | to | a | substantial | point | of | performance What | is | a | blanket | purchase | agreement? | - | Correct | answer | ✔FAR | PART | 13- | SAP
A | BPA | is | simplified | way | of | fulfilling | an | anticipated | and | repetitive | need Only | used | when | no | other | contract | vehicle | exists | Helps | avoid | numerous | POs Money | is | only | obligated | upon | issuance | of | call | not | when | BPA | is | established | It | is | NOT | a | formal | contract When | are | you | required | to | synopsis | contract | actions? | Discuss | both | the | solicitation | as | well | as | contract | award. | Address | the | differences, | if | any, | between | synopsis | and | post | in | a | solicitation. | Also | addressed | some | of | the | exceptions | to | synopsis. | - | Correct | answer | ✔FAR | PART | 5- | Publicizing | Contracts | Actions Synopsize | on | GPE | is | required | if | >$25k | for | 15days | prior | to | solicitation Synopsize | in | a | public | place | or | electronically | if | btwn | 15k | and | 25k | for | 10days | prior | to | solicitation Exceptions | are | located | in | 5.202 | (unusual | and | urgent/ | National | security/ | for | utilities) |
Your | customer | has | submitted | a | requirement | and | states | that | only | one | source | can | meet | their | requirements. | Describe | your | process/steps | that | you | will | take | in | evaluating, | processing, | and | approving | or | rejecting | the | sole | source | acquisition? | Discuss | any | differences | in | the | process | based | on | different | threshold | levels. | - | Correct | answer | ✔FAR | PART | 6.302- Ensure | proper | market | research | was | done
SAT= | J&A <SAT= | Limited | source | justification How | do | you | determine | if | a | small | business | category | is | applicable | to | your | procurement? | What | documentation | is | needed | to | support | this | determination? | What | are | different | categories | in | the | small | business | program? | - | Correct | answer | ✔FAR | PART | 10 | Market | Research | and | FAR | PART | 19 | Small | Businesses "Market | research | will | demonstrate | if | there | are | any | small | businesses | that | can | fulfill | an | agencies | need. | The | associated | NAICS | code, | dollar | threshold, | and | the | DD | 2579 | is | used | to | support | a | SB | decision. | Small | Business | Include:
- | Service-Disabled | Veteran-Owned | Small | Business
- | Women-Owned | Small | Business"
- | 8a | Small | Disadvantaged -Historical | Black | Businesses -Veteran | Owned How | do | you | determine | the | most | appropriate | contract | type, | give | examples | of | when | you | would | use | the | different | types. | - | Correct | answer | ✔FAR | PART | 16 | Types | of | Contracts The | price, | cost, | competition, | complexity, | and | nature | of | the | action | will | help | to | determine | the | contract | type. | Main | categories | are | fixed | price | and | cost | reimbursement | Fixed | price-low | risk- | cost | is | known. | Cost | reimbursement-high | risk- | total | cost | unk When | do | you | perform | market | research, | why | is | it | necessary, | and | how | is | it | documented? | Describe | some | of | the | market | research | techniques. | - | Correct | answer | ✔FAR | PART | 10 | Market | Research Market | research | is | necessary | for | pricing | and | competition | purposes It | should | be | performs | as | often | and | much | as | feasible. |
Able: | FFP, | FFP | w/ | EPA, | and | Time | & | Materials/Labor | Hour Unable: | Cost | Contracts What | are | the | requirements | for | publicizing | contract | actions? | - | Correct | answer | ✔FAR | PART | 5- | Publicizing | Contracts |
$25k= | synopsis | in | the | GPE $15k | <25k= | public | place/electronic | means | 10days | or | after | quotes | are | open | (later) | Exceptions | are | in | FAR | PART | 5. What | statutory | authority's | permit | contract | without | providing | a | fool | an | open | competition? | - | Correct | answer | ✔FAR | PART | 13.106-1 | (b) | for | under | SAT | & | One | source, | urgent | and | compelling, | brand | name FAR | PART | 16.505(b)(2) | for | multiple | award | contract FAR | PART | 6 6.302-1 | only | one | responsible | source 6.302-2 | unusual | and | compelling | urgency
6.302-3 | industrial | mobilization; | engineering | development | or | research | capability; | or | expert | services 6.302-4 | International | agreement 6.302-5 | authorized | or | required | by | statute 6.302-6 | National | security 6.302-7 | public | interest What | is | the | Berry | Amendment | and | when | does | it | apply? | - | Correct | answer | ✔DFARS | 225. FAR | PART | 25 | Foreign | Acquisitions | Exceptions- | Emergency | Acq, | perishable | foods, | combat | op. | oconus | Limits | appropriated | funded | for | certain | end | item, | such | as | textiles, | food, | to | be | of | US | origin | or | sourced | from | qualifying | countries | for | items | over | SAT. What | is | the | difference | between | simplified | acquisition | threshold | (SAT) | and | simplified | acquisition | procedures | (SAP)? | - | Correct | answer | ✔FAR | PART | 2 | Definitions/ | FAR | PART | 13 | SAP
Describe | the | differences | between | a | statement | of | work | (SOW) | and | a | performance | work | statement | (PWS). | When | would | each | be | appropriate. | - | Correct | answer | ✔FAR | PART | 2 | definitions | FAR | PART | 8 | and | FAR | PART | 37 | Supplies PWS- | outcome | (preferred | has | variance | doesn't | cause | risk) SOW- | details | to | meet | requirement | (guidelines | are | appropriate | to | mitigate | risks) Why | is | it | important | to | assure | that | FPDS-NG | contract | action | reports | (CARs) | are | completed | and | accurate? | - | Correct | answer | ✔FAR | 4.606 | Administrative | & | Info | Matters For | higher | level | data | reporting | to | PREZ, | Congress, | GAO, | and | public To | validate | the | effectiveness | of | federal | contracting | to | the | economy | and | use | of | SB What | is | the | difference | between | a | delivery | order | and | task | order? | - | Correct | answer | ✔FAR | PART | 16.501 | Types | of | Contracts DO- | delivery | of | supplies TO- | performance | of | tasks
What | is | a | Contracting | officer? | What | is | the | authority | given | to | contracting | officer? | What | are | the | responsibilities | of | a | contracting | officer? | - | Correct | answer | ✔FAR | PART | 1.602-1 | FARS Someone | with | the | legal | ability | to | obligate | the | gov | to | payment Authority: | enter, | administer, | or | terminate | to | the | extent | of | their | warrant Responsibility: | ensure | performance | and | compliance | with | contracting | to | be | fair | and | impartial Under | FAR | PART | 12.603, | when | a | written | solicitation | will | be | issued, | the | contracting | officer | may | use | what | procedure | to | reduce | the | time | required | to | solicit | and | award | contracts | for | the | acquisition | of | commercial | items? | - | Correct | answer | ✔FAR | PART | 12 | Commercial | Contracts/ | FAR | PART | 5 | Publicizing | Actions Combined | synopsis/solicitation | procedures SF1449 | isn't | required | for | issuing | solicitation Explain | the | "Bona | Fide | Needs" | rule. | - | Correct | answer | ✔The | Bona | Fide | need | rules | states | that | funds | will | only | be | used | in | the | FY | that | they | are | needed | and | appropraited | for. | With | a | legitimate | need
Policies | are | implemented | at | unit | level Guidance | from | peers | and | supervisors | help | further | explain | polices/regulations/laws | and | statutes Why | is | inspection | and | acceptance | important | to | the | government? | - | Correct | answer | ✔FAR | PART | 8 | Required | Sources It | helps | to | ensure | that | the | government | only | accepts | acceptable | goods | and | services | and | receives | what | was | paid | for | at | the | time. Once | all | receivables | have | been | delivered/completed | and | verified | by | the | customer | and | COR, | the | ACO | or | KO | reviews | the | contract | files | for | remaining | closeout | actions. | Why | is | contract | closeout | so | important | and | what | actions | need | to | be | taken | in | closeout? | - | Correct | answer | ✔FAR | PART | 4 | Administrative | Matters | Excess | funds | need | to | be | deobligated | Prevent | potential | cashflow | issues 1594 | closeout +1597 | checklist | >SAT You | are | a | PCO | and | a | new | trainee | comes | to | you | seeking | advice. | The | trainee | states | that | he/she | just | had | a | conversation | with | the | resource | manager | who | referred | to | funds | categorized | by | status | as | either | active, | expired, | or | cancelled. |
The | trainee | doesn't | understand | the | differences | can | you | explain | the | differences | between | the | three | statute | categories. | - | Correct | answer | ✔Financial | Management | Regulation Active- | appropriation | is | available | for | obligation | and | disbursement Expired- | appropriations | expire | for | new | obligations | after | the | appropriated | period | but | are | available | for | adjustment | and | liquidation | for | previous | obligations | (5years) Cancelled-no | longer | available | for | any | purpose What | is | VCE | PCF | and | why | is | it | important? | As | a | contracting | officer, | what | steps | will | you | take | to | personally | ensure | data | being | reported | is | accurate? | - | Correct | answer | ✔Virtual | Contracting | Enterprise-Paperless | Contract | File | It | is | a | system | of | record | keeping | for | all | contract | files | within | an | agency Ensure | files | are | uploaded | IAW | the | AI | and | local | guidance | while | also | making | sure | I | upload | all | doc | as | I | progress | from | cradle | to | grave | in | the | contracting | process How | do | you | determine | what | clauses | to | include | in | a | solicitation/contract? | - | Correct | answer | ✔DAU | clause | matrix Source | the | FAR, | DFARS, | AFARS, | etc.
What | is | a | quality | assurance | surveillance | plan | (QASP) | and | when | is | it | required? | - | Correct | answer | ✔FAR | 46 | and | DFARS | 246.404 | Quality | Assurance | QASP- | Utilized | in | assessing | the | contractors | performance | Not | required | for | contracts | or | delivery | orders | below | SAT | unless | the | complexities | of | the | contract | or | regulation | mandates | otherwise When | is | AT/OPSEC | required? | - | Correct | answer | ✔AFARS | 5107. All | contracts | except | supplies | under | SAT, | FOO, | and | GPC What | are | some | of | the | benefits | of | competition? | What | are | some | of | the | barriers | to | competition? | What | government | inadequacies | or | mistakes | could | cause | a | lack | of | competitions? | - | Correct | answer | ✔FAR | Part | 6 | Competition | Requirements Provides: cost | savings more | choices fairness | and | openness prevents | waste, | fraud, | and | abuse Barriers:
MSC | are | over-restrictive location timeliness availability SOFA's | and | Host | Nation | Agreements Poor | market | research Inadequacies: poorly | defined | requirement lack | or | market | research customer | loyalty restrictive | specs. proprietary | technology What | fiscal | statues/constraints | shall | a | KO | check | prior | to | obligating | funds? | - | Correct | answer | ✔Time-Period | of | availability | (Bona | fide | need) Purpose-Funds | are | used | for | its | appropriated | purpose | (misappropriation | act) Amount- | Funds | cannot | exceed | the | appropriated | amount | (anti | deficiency | act) What | determinations | must | be | made | prior | to | the | exercise | of | an | option? | - | Correct | answer | ✔FAR | Part | 17 | Special | Contracting | Methods
