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CORB NEWEST STUDY GUIDE 2026 /202 7
ACTUAL EXAM COMPLETE QUESTIONS
AND CORRECT DETAILED ANSWERS
(VERIFIED ANSWERS) {GRADE A} BRAND
NEW VERSION!!
How do you determine the most appropriate contract type? Give examples of when you would use the different types. - correct answer The contract type depends on the complexity, threshold, how well defined the requirement is, Commercial vs. developmental. The two types of contracts are fixed price (known price, work defined) and cost reimbursement (cannot define costs, work not defined). Incentive contracting include Cost Plus Incentive Fee (CPIF) and Fixed price incentive Fee (FPIF). CPIF have a min and max fees based on cost savings incentive. FPIF has no min or max fee but has a ceiling price more profit for less costs. Less profit for more costs. Target costs / target profit.
How do you determine a prospective contractor to be responsible? Are there any differences in that process for contracts under the SAT versus contracts exceeding the SAT? If so, what are they? - correct answer KOs are responsible for ensuring that contract awards are made only to responsible prospective contractors. This requirement is for competitive and non-competitive contracts. Before awarding a contract above SAT, the KO must review information provided in Federal Awardee Performance and Integrity Information System (FAPIIS).
- Does the company have adequate financial resources or able to attain them 2. Will the company be able to comply with required delivery or performance schedule? 3. Have a satisfactory performance record. 4. Have a satisfactory record of integrity and business ethics. Your contract requires a modification. Address the different types of modifications that could be executed. Describe the steps you would take in executing the modification and include in your discussion the different modification authorities and what
change order. An increased burden of the contractor is compensable. Example, contractor fails to complete project with in the specified date and time, and the government allows work to continue without approval. Bilateral changes are treated as a sole source and require a J&A How do you determine whether or not a change is within scope? The FAR itself does not provide a definition of "scope." Instead each determination is made on a case-by-case basis. Over the years the GAO and the federal courts have articulated a number of factors that can guide the Contracting Officer's scope determination. The primary consideration is whether a potential offeror (in the original procurement) would have reasonably anticipated that this type of change would occur. To quote the U.S. Court of Appeals for the Federal Circuit (in A Describe the different types of terminations available. Address both noncommercial (FAR Part 49) and commercial (FAR PART 12) terminations. Discuss the termination
procedures and remedies (if any) of each - correct answer There are three types of terminations.
- Termination for default (T4D). Two types. 1. Any default (actual breach) 2. Anticipatory breach
- Termination for Cause (T4Cause) A T4Cause and T4C are for commercial contracts.
- Termination for Convenience settlement agreement, no dispute. Reasons to terminate for convenience: Lack of funds, in the best interest of the Government, change in situation or technology. A small business termination must be reported to the SBA. T4C Best interest no breach. All payments stop at termination. An improper T4D is settled as if it was a T4Convenience. No cure notice needed past delivery date. Show cause sent after due date, may be used but not required.
would be for FFP. The FAR provides guidance for the requirements information included in the J&A. Pursuant to FAR 6.302 there are limited circumstances that allow for contracting using other than full and open competition. These are:
- 6.302- 1 -- Only One Responsible Source and No Other Supplies or Services Will Satisfy Agency Requirements.
- 6.302- 2 -- Unusual and Compelling Urgency.
- 6.302- 3 -- Industrial Mobilization; Engineering, Developmental, 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. There are three types of competition: 1. Full and Open 2. Full and Open after exclusion of sources 3. Other than full and open sources.
You have received competitive proposals in an LPTA situation. How would you determine the prices to be fair and reasonable? - correct answer Through the competition of the technically acceptable proposals. 1) Make a determination if lowest offeror offer is technically acceptable - move to award or 2) if the lowest price is not technically acceptable then move on to the next lowest offeror...The prudent Contracting Officer must be able to support the determination of fair and reasonable in a manner to which they are willing to put their signature. There is a large degree of discretion for the Contracting Officer in this area, so what in their judgment meets the standard? You have received competitive proposals in a trade-off situation. You are required to evaluate realism as well as the reasonableness of the cost/price. How would you evaluate each of these? - correct answer Realism analysis under the FAR is used to determine "whether your low price reflects a lack of understanding of contract requirements or risk inherent in your technical approach." Reasonableness analysis
- Likely to result in the award of any subcontracts. However, the dollar threshold is not a prohibition against publicizing an award of a smaller amount when publicizing would be advantageous to industry or to the Government. Exception: A notice is not required if --
- The notice would disclose the executive agency's needs and the disclosure of such needs would compromise the national security;
- The award results from acceptance of an unsolicited research proposal that demonstrates a unique and innovative research concept and publication of any notice would disclose the originality of thought or innovativeness of the proposed research or would disclose proprietary information associated with the proposal;
- The award results from a proposal submitted under the Small Business Innovation Development Act of 1982 (Pub. L. 97-219);
- The contract action is an order placed under an indefinite delivery type contract;
- The award is made for perishable subsistence supplies;
- The award is for utility services, other than telecommunications services, and only one source is available;
- The contract action-- i. Is for an amount not greater than the simplified acquisition threshold; ii. Was made through a means where access to the notice of proposed contract action was provided through the GPE; and Permitted the public to respond to the solicitation electronically Address the importance of acquisition planning. What are some things that you, as a KO, can do to assist the customer in acquisition planning? Additionally, discuss when formal acquisition planning is required. - correct answer FAR Part 7 This planning shall integrate the efforts of all personnel responsible for significant aspects of the acquisition. The purpose of this planning is to ensure that the Government meets its needs in the most effective, economical, and timely manner. Agencies that have a detailed acquisition planning system in place that generally meets the requirements of
interviews, and industry engagements. Secondary sources are general news sources, net search, industry publications, wall street analyst reports, and government database/tools. The extent of market research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience? The contracting officer may use market research conducted within 18 months before the award of any task or delivery order if the information is still current, accurate, and relevant. FAR 10.002(b)(1). FAR PART 10. As defined in the Federal Acquisition Regulation (FAR 2.101) means; collecting and analyzing information about capabilities within the market to satisfy agency needs. A more elaborated definition of the concept is that "Market research is a continuous process for gathering data on product characteristics, suppliers' capabilities, and the business practices/trends that surround them -- plus the analysis of that data to make smart acquisition decisions."
To understand the subject of market research we must begin within its definition of being described as a "continuous process for gathering data." That process takes shape from both a strategic and a tactical vantage point. Strategic market research is that overarching process of market "surveillance" that will take place continuously throughout the entire acquisition lifecycle. From the early stages of the Materiel Solutio Discuss the differences in FAR Part 12 commercial procurement and non-commercial procurement (FAR 14, 15) (for procurement not using FAR 13.5, commercial test procedures). - correct answer A noncommercial item cannot be purchased using FFP. DoD Source Selection Procedures are not required for FAR Part 12 Streamlined Acquisitions Procurements of commercial items are more streamlined and less burdensome on the contracting officer in that they are subject to a set of simplified acquisition procedures set forth in FAR Part 12 (or Part 8). In noncommercial item acquisitions, contractors
the customer include in the instructions to offerors for proposal submission requirements and evaluation factors? - correct answer I would recommend that the customer include a requirement for commitment letters from all vendors and state in the solicitation that key personnel with also be evaluated by both their qualifications and by evaluating their commitment letter. Section L - Instructions, Conditions and Notices to Bidders, Section M - Evaluation Factors for Award. Why is inspection and acceptance important to the Government? - correct answer FAR 46.5 Risk of loss of or damage to supplies shall remain with the contractor until, and shall pass to the Government upon Delivery or Acceptance. After 30 days without rejection, it is considered accepted by the GOV. The KO wants to ensure the COR inspects all received supplies and services to ensure we get what we ordered and are good stewards of the taxpayers money. To prevent fraud, waste and abuse. It is part of the quality assurance.
Explain the difference between an offeror's experience and an offeror's past performance - correct answer Experience details work that the contractor has done in scale and scope. Past performance is a report of how well they did. Performance can be obtained by CPARS, Past Performance Retrieval System (PPIRS), and surveys. How would you define depth and breadth of an offeror's experience to be included in a solicitation/evaluation? - correct answer Breadth of experience reflects the Offeror's experience in performing the full range/all of the efforts required. Depth of experience reflects the magnitude, significance, and applicability/relevance of the Offeror's experience in performing each of the efforts required. An offeror's past performance should only be included if it is similar in nature to the new solicitation that is being evaluated. It could be the qualifications/certification that the offeror has or previous/relevant work that the offeror had completed.
precedence Rule: UCF: a tiebreaker based on where the argument is in the contract and not in the contract itself. (a) The Schedule (excluding the specifications). (b) Representations and other instructions. (c) Contract clauses. (d) Other documents, exhibits, and attachments. (e) The specifications. Once all receivables have been delivered/completed and verified by the customer/COR, the ACO or KO reviews the contract files for remaining closeout actions. Why is contract closeout so important? What actions need to be taken in closeout? Closeouts is required per FAR 4.804, it is necessary to ensure all actions under contract are complete, final payment is processed, and left-over funds are deobligated. - correct answer 1. Required deliveries completed and accepted by the GOV.
- All services performed and accepted by GOV.
- All option provisions if any expired.
- GOV gives the contractor notice. Past performance evaluation (if required). Completion settlement and final voucher submitted. Second, release of claims signed. DD 1594 Contract Completion Statement and 1597. On a full and open competitive negotiated acquisition, you have received five proposals and determined that discussions are needed, what is the process of determining which offerors are in the competitive range for these discussions? - correct answer If the Contracting Officer decides that an offeror's proposal should no longer be included in the competitive range, the proposal will be eliminated from further consideration for award. The Contracting Officer must provide written notice of this decision to unsuccessful offerors in accordance with FAR Part 15.503(a). The notice to each offeror must state (1) the basis for excluding/eliminating its offer, (2) the basis for the determination, and (3) that a revision of its proposal will not be considered.
