CFCM PACKAGE DEAL

A cost is reasonable if, in its nature and amount, it does not exceed - ️️that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated - ️️after the incurrence of the costs involved. Under the Assignment of Claims ...

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required - ️️(c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by ...

Certificate of Competency - ️️issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific government contract (FAR 19.601(a)) Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual p...

Which of the following is NOT a reason to contract for Advisory and Assistance services? - ️️Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Reg...

What is the FAR system? - ️️for acquisitions by all executive branches What is the FAR system? - ️️The FAR and all agency acquisition regulations that implement or supplement the FAR What is the vision for federal acquisition? Timely $PS Policy and Trust - ️️deliver on a timely ...

Contracting Officers below the level of _________ shall be selected and appointed. - ️️Head of Contracting Activity The simplified acquisition threshold for any contract in support of contingency operations to be awarded and performed, or purchase to be made, outside of the U.S. is __________...

What is a Certificate of Competency - ️️A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for indi...