Exam (elaborations)
CON 3910 FAC-C Exam Prep Course with 100- correct answers
- Course
- Institution
CON 3910 FAC-C Exam Prep Course with 100- correct answers
[Show more]
Content preview
CON 3910 FAC-CExam Prep
Course with
100% correct
answers
The contracting process consists of three Contract
Life Cycle Phases: - answer Pre-award, Award, and
Post-award
Which Cntract Life Cycle phase involves all the
work performed by both the buyer (Government or
prime contractor) and seller (contractor or
subcontractor) in communicating the buyer's
requirements and providing a solution to those
requirements. - answer Pre-award
,The pre-award phase consists of two primary
activities: - answer Develop solicitation, Develop
Offer
What part of the FAR coves closeout of government
contracts? - answer FAR Part 4.8
Who develops a solicitation? - answer The
government and the buyer
Who prepares an offer? - answer The contractor
and the seller
During the post-award phase while the contract is
being performed, who has responsibility for
quality? - answer The Seller
Acquisition Team consists of: - answer govt
representatives of technical, supply and
procurement
customers
contractors who provide product/service
,Contracting Officer (KO) role on Acq team: - answer
to determine the application of rules, regulations,
and policies, on a specific contract.
Contracting Officer (KO) General Responsibilities: -
answer ensuring performance of all necessary
actions for effective contracting
ensuring compliance with the terms of the contract
safeguarding the interests of the United States in
its contractual relationships
Contractor Officer specific responsibilities: - answer
Ensure Sufficient Funds
Dealing with Contractors
Request Assistance, as Appropriate (e.g. legal)
Designate COR
personal conflict of interest: - answer a contractor
employee has some interest that could impair their
ability to act impartially and in the best interest of
the Government when performing under a contract
organizational and consultant conflicts of interest -
answer contractor (or potential contractor) is in a
, situation which by way of contract performance
gives them an unfair advantage or will bias their
performance in making recommendations to the
Government.
What part of the FAR is personal Conflict of Interest
covered? - answer FAR Part 3
What part of the FAR is organizational Conflict of
Interest covered? - answer FAR Part 9 Contractor
Qualifications
contracting system must focus on "risk ________"
rather than "risk ________." - answer contracting
system must focus on "risk management" rather
than "risk avoidance." (FAR Part 1)
T or F All contractors and prospective contractors
should be treated the same. - answer F All
contractors and prospective contractors should be
treated fairly and impartially but need not be
treated the same.
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 GUARANTEEDSUCCESS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79650 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now