CON 3900 Exam Questions and
Answers 100% Verified
What type of contract shall not be used in Government contracting? - answerCost-plus-a-
percentage-of-cost Contract
What types of contracts can be awarded when acquiring commercial items of supply? -
answerFirm-fixed-price contracts or fixed-pr...
CON 3900 Exam Questions and Answers 100% Verified What type of contract shall not be used in Government contracting? - answer✔✔Cost -plus-a-
percentage -of-cost Contract What types o f contracts can be awarded when acquiring commercial items of supply? - answer✔✔Firm -fixed -price contracts or fixed -price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - answer✔✔DD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifier (PIID)? - answer✔✔A unique number identifying each solicitation, contract, agreement, or order and related procurement instrument When using invitations for bids (IFBs), what type(s) of contract s can be awarded? - answer✔✔Firm -fixed -price contracts or fixed -price contracts with economic price adjustment Time -and-materials (T&M) contract can be used: - answer✔✔Only when it is not possible at the time of placing the contract to estimate accurately the extent or duration of the work or to anticipate costs Communications, discussions, and clarifications are: - answer✔✔Terms that address specific types of exchanges with offerors after receipt of proposals What are life -cycle costs? - answer✔✔The total cost to the Government of acquiring, operating, supporting, and (if applicable) disposing of the items being acquired What is an exception to obtaining certified cost or pricing data? - answer✔✔Adequate price competition The two broad categories of governm ent contract types are: - answer✔✔Fixed -price contracts and cost -reimbursement contracts When using FAR part 12 procedures, the technical evaluation would normally include examination of such things as product literature, product samples (if requested), te chnical features, and: - answer✔✔Warranty provisions
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Brainbarter. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.