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FAC-C PROCTORED EXAM Latest Update Questions and 100% Verified Correct Answers Guaranteed A+
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FAC-C PROCTORED EXAM Latest Update Questions and 100% Verified Correct Answers Guaranteed A+
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FAC-C PROCTORED EXAM Latest Update 2024 -2025 115 Questions and 100% Verified Correct Answers Guaranteed A+ Acquisition - CORRECT ANSWER: FAR 2.101 tells us Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated. Acquisition begins at the point when agency needs are established and includes the description of requirements to satisfy agency needs, solicitation and selection of sources, award of contracts, contract financing, contract performance, contract administration, and those technical and management functions directly related to the process of fulfilling agency needs by contract. Acquisition Team - CORRECT ANSWER: FAR 1.102 -3 describes the Acquisition Team as consisting of all participants in Government acquisition including not only representatives of the technical, supply, and procurement communities but also the customers they serve, and the contractors who provi de the products and services. At the conclusion of negotiations, the contracting officer will complete a? - CORRECT ANSWER: Price Negotiation Memorandum DD 1155 - Order for Supplies or Services - CORRECT ANSWER: Used for placing orders under indefinite -delivery contracts or if the SF 1449 is not used under simplified acquisition procedures. DD 1547 - Record of Weighted Guidelines Application - CORRECT ANSWER: Used to facilitate a structured approach to profit/fee analysis. DD 1861 - Contract Facilities Capital Cost of Money - CORRECT ANSWER: Used to estimate the facilities capital cost of money and capital employed ( used in conjunction with the CASB -CMF and cost of money factors). DD 254 - Contract Security Classification Specification - CORRECT ANSWER: Used to provide security classification guidance to U.S. contractors, and subcontractors as applicable, requiring access to information classified as "Confidential", "Secret", or "Top Secret". DOD KO Requirements - CORRECT ANSWER: DFARS 201.603 -2 tells us that in order to qualify to serve as a contracting officer with authority to award or administer contracts for amounts above the simplified acquisition threshold, a person must: -Have completed all contracting courses required for a contracting officer to serve in the grade in which the employee or member of the armed forces will serve. -Have at least 2 years experience in a contracting position. -Have received a baccalaureate degree from an accredited educational institution. -Meet such additional requirements, based on the dollar value and complexity of the contracts awarded or administered in the position, as may be established by the Secretary of Defense. -DFARS 201.603 -2(2) also lists several exceptions and amplifications to the above qualifications for contracting officer appointments. During the post award phase while the contract is being performed, who has responsibility for quality? - CORRECT ANSWER: The seller Examples of selection criteria - CORRECT ANSWER: -Experience in Government contracting and administration, commercial purchasing, or related fields. -Education or special training in business administration, law, accounting, engineering, or related fields. Knowledge of acquisition policies and procedures, including this and other applicable regulations. -Specialized knowledge in the particular assigned field of contracting. -Satisfactory completion of acquisition training courses. FAR 1.102 -2(a) - CORRECT ANSWER: tells contracting professionals that a guiding principle of the Federal Acquisition System is to satisfy customers in terms of cost, quality, and timeliness of the delivered product or service. FAR 1.102 -2(c) - CORRECT ANSWER: Instructs that the business of acquisition should be conducted with openness. FAR 1.102 -2(c)(1) - CORRECT ANSWER: Goes on to say that not only must the system have integrity, but the actions of each member of the team must reflect integrity, fairness, and openness. FAR 1.102 -2(c)(2) - CORRECT ANSWER: tells us the contracting system must focus on "risk management" rather than "risk avoidance." The cost to the taxpayer of attempting to eliminate all risk is prohibitive. The contracting system should allow contracting professionals to take independent act ion based on their professional judgment. Along these lines, contracting professionals should exercise discretion, use sound business judgment, and comply with applicable laws and regulations in dealing with contractors and prospective contractors. All con tractors and prospective contractors should be treated fairly and impartially but need not be treated the same. FAR 1.102 -4(e) - CORRECT ANSWER: states that contracting officers "should take the lead in encouraging business process innovations and ensuring that business decisions are sound." FAR 1.401 - CORRECT ANSWER: An important definition to understand is "Deviation" (FAR 1.401). A deviation means any one or combination of the following: -The issuance or use of a policy, procedure, solicitation provision, contract clause, method, or practice of conducting acquisition actions of any kind at any stage of the acquisition process that is inconsistent with the FAR. The omission of any solicitation provision or contract clause when its prescription requires its use. -The use of any solicitation provision or contract clause with modified or alternate language that is not authorized by the FAR. -The use of a solicitation provision or contract clause prescribed by the FAR on a "substantially as follows" or "substantially the same as" basis if such use is inconsistent with the intent, principle, or substance of the prescription or related coverage on the subject matter in the FAR. -The authorization of lesser or greater limitations on the use of any solicitation provision, contract clause, policy, or procedure prescribed by the FAR.
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