2024 (latest) Updated AF Contracting Officer Study Guide (unofficial)AF Contracting Officer warrant board study questions.
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Course
AF Contracting Officer
Institution
AF Contracting Officer
Source Selection
FAR 1.602-2; 3.104-4; 15.207
()
Q: What are the CO's responsibilities in source selection?
1. Procedures to safeguard source selection information.
2. Approve access to/release source selection information.
3. Maintain SS evaluation records.
Source Selection
2016 DoD So...
af contracting officer study guide unofficialaf contracting officer warrant board study questions
far 1602 2 3104 4 15207 2016 05 31 q what are the cos responsibilities in source select
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AF Contracting Officer Study Guide
(unofficial)
*Source Selection*
FAR 1.602-2; 3.104-4; 15.207
(2016-05-31)
Q: What are the CO's responsibilities in source selection? - Answer 1. Procedures to
safeguard source selection information.
2. Approve access to/release source selection information.
3. Maintain SS evaluation records.
*Source Selection*
2016 DoD Source Selection Manual, 1.4.1.2
(2016-05-31)
Q: What are the SSA responsibilities? - Answer 1. Proper and efficient conduct of SS
process.
2. Appoint respective chairpersons.
3. Establish SS team and ensure their knowledge of policy/procedure.
4. Ensure pace is event and not schedule driven (realistic SS schedule).
*Financing*
FAR 32.106
(2016-05-31)
Q: Name the different types of government financing in order of their preference -
Answer 1. Private financing (most preferred).
,Q: Who prepares the ASP minutes, when are they prepared and who approves them?
*AIR FORCE ONLY* - Answer Program manager, CO or Commodity Council Director
prepares following the conclusion of the ASP briefing, and approved by the ASP
chairperson.
*Cost Analysis*
FAR 15.404-1 (c)
(2016-05-31)
Q: What is cost analysis? - Answer Review and evaluation of separate elements and
profit of contractor's proposal. The application of judgment to determine how well
proposed costs represent what the cost of the contract should be assuming reasonable
economy and efficiency. Techniques include verification of cost or pricing data and
evaluation of cost elements; projection of offeror's cost trends based on
current/historical cost/pricing data; audit and negotiated indirect cost, labor and COM
rates.
*IDIQ*
FAR 16.504 (a)
(2016-05-31)
Q: How does the PCO compute the minimum and maximum quantity on an IDIQ
contract? - Answer 1. Minimum-Should be more than a nominal quantity but should not
exceed amount the Government is fairly certain to order.
2. Maximum - A reasonable max should be established by conducting market research
trends on recent contracts for similar supply/svcs, survey of potential users, other
rational basis.
*Estimating Systems*
FAR 15.407-5
(2016-05-31)
Q: Define estimating system and cost reimbursement. - Answer Estimating system is
contractor's policies/procedures/practices for generating estimates. Includes
organizational structure, internal controls, and managerial reviews, work flow, est
methods, techniques, accumulation of historical costs and other analysis. Cost
reimbursement - Contractor's ability to accurately and reliable estimate costs could lead
to cost overruns and increased risk for the Government.
*Defective Pricing*
FAR 15.407-1
(2016-05-31)
,Q: What are six conditions which must exist to have defective pricing? - Answer 1.
Information fits the definition of cost and pricing data.
2. Accurate data was available to the contractor before the agreement on price.
3. Data was not accurate, current, complete as of date of agreement.
4. Data was not submitted to CO.
5. Government must have relied on the data.
6. An increase in cost as a result of Government reliance on the data.
*Contract Elements*
Common Law
(2016-05-31)
Q: What are the essential elements of a contract? - Answer 1. Offer.
2. Acceptance.
3. Consideration.
4. Lawful purpose.
5. Competency of parties.
6. Certainty of terms.
*Economy Act*
31 U.S.C. 1535; FAR 17.502-2
(2016-05-31)
Q: Describe the Economy Act - Answer Allows agencies to procure goods/services from
other agencies at cost, a D&F is required. Intra-agency, activity within the Dod, you may
not need D&F, Inter-agency, activity outside DoD like DOE, D&F signed by General or
SES. Economy act does not apply to FSS acquisitions under FAR 8 or GSA, FPI, and
other required sources of supplies.
*Contract Award*
FAR 32.703-2
(2016-05-31)
Q: You have just completed a long and complex negotiation for a large IDIQ contract
and are ready to make award. In terms of funding, what must you ensure before
, awarding this contract? - Answer Sufficient funds are available to be obligated for
minimum order quantity.
*Funds*
DoD Financial Management Regulation, Volume 3, Chapter 10, Appendix C
(2016-05-31)
Q: When speaking of funds, what does "Current", "Expired", and "Cancelled" funds
mean? - Answer 1. Current - funds available for obligation.
2. Expired - funds available only for recording, adjusting and liquidating obligations
properly chargeable to the appropriation. Funding in this phase remains available for 5
years from the year the appropriation expires, regardless of the appropriation type.
3. Cancelled - funds not available for any purpose.
*Finance*
US Code, Title 31, Section 1502(a); DoD Financial Management Regulation (FMR)
7000.14-R, Volume 11A, Paragraph 020510
(2016-05-31)
Q: What is the Bona Fide Need rule? - Answer Appropriated funds will be obligated for
effort that is a current, valid (legitimate) need/requirement that arises during the FY that
the funding was appropriated. (i.e. current dollars for current needs). Current needs
typically defined by when agency will use item or receive service. Can have lead-time
exceptions.
*Advocate for Competition*
FAR 6.5
(2016-05-31)
Q: What is the Advocate for Competition? - Answer An employee of a contracting
activity assigned the task of challenging barriers to competition/promoting full and open
competition. 41 USC 418 requires each executive agency/contracting activity to appoint
a competition advocate. Usually hig-rank employee reporting directly to the heads of
their Agency or Activity.
*Cost Reasonableness and Cost Realism*
FAR 15.404
(2016-05-31)
Q: What is the difference between cost realism and cost reasonableness? - Answer 1.
Cost realism - is the cost too low for the contractor to be successful with the contract
action. The costs must be realistic for the work to be performed. Costs must reflect a
clear understanding of the requirements and are consistent with the various elements of
the offeror's technical proposal.
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