Con 3990 prep Questions With Complete
Solutions(Guranteed Success)
What are the three contracting life cycle phases - correct answer...✔✔Pre-award,
Award, and Post-award
Define the pre-award phase - correct answer...✔✔Invokes all work performed by both
the buyer (Gov't or Prime Contractor) and seller (contractor or sub) in communicating
the buyer's requirements and providing a solution to those requirements
What typically starts before the contracting process? - correct answer...✔✔
Requirement definition, budgeting/funding process, and acquisition planning.
The pre-award phase consist of what two primary activities? - correct answer...✔✔
Develop Solicitation (for our purpose, this is done by the Gov't or the contractor) and
develop offer (this is done by the contractor or sub)
In planning the solicitation - correct answer...✔✔The buying activity must assess the
need and analyze the requirement as well make sure that contract outcomes will be
measurable and properly incentivized. They buying activity must also verify availability
of funds.
Buying activities must also - correct answer...✔✔Conduct market research to identify
potential suppliers, evaluate if the requirement is achievable, and perform any pre-offer
conferences or communication
Market Research happens in what phases of contracting life cycle? - correct answer...✔
✔Is a process continuous through out all phases of the contracting life cycle
In planning the solicitation... - correct answer...✔✔Buying activities should analyze risk
that can take the form of performing make or by decisions, conducting a supply or
service determination, and understanding the required schedule or needs of the
customer.
Before finalizing the solicitation... - correct answer...✔✔The contract manager will
participate in choosing a contract type and contracting method, help determine
applicable regulations, and assist in building an evaluation strategy for offers.
In response to a solicitation... - correct answer...✔✔The seller will submit an offer
The sellers offer should include - correct answer...✔✔The offer must've line with the
offerers overall sales plan and overall risk category. determining which parts of the
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,contract performance the offer will need assistance from partners, subcontractors, or
vendors. Communicate with the buying activity to make sure all information has been
provided
What is the award phase? - correct answer...✔✔The second contract life cycle phase
is award. The word phase involves all work performed by both the buyer and seller that
produces an award contract.
What is one activity in the ward phase? - correct answer...✔✔Form the contract
When the government receives offers they must analyze proposals for what? - correct
answer...✔✔In terms of risk, review for price of reasonableness, and document the
results of the analysis.
Based on the analysis of proposal, to plan for negotiations the government may ask for?
- correct answer...✔✔Clarification from offers and then develop negotiation objectives.
The offer will respond to the request for clarification and prepare for negotiations as
well.
True or false; the buyer and seller may exchange ideas or have discussions, they may
be informal or highly structured as needed during the award phase - correct answer...✔
✔True
After reviewing proposals and analyzing the proposals and having exchanges with the
sellers, the buyer will then? - correct answer...✔✔Select a source
What is the third contract life cycle phase? - correct answer...✔✔Post award phase
What are the two primary elements of the post ward phase? - correct answer...✔✔
Perform contract and Close Contract
What is involved in the post award phase? - correct answer...✔✔Involves all the work
performed by both the buyer and seller during contract performance, to include changes
to the contract, contract close out, and sometimes termination of a contract.
What happens during post award phase activity perform the contract? - correct
answer...✔✔During this phase, we are monitoring risk in assessing its impact on
contract performance ensuring compliance with one contractual terms and conditions
and two contract technical requirements during contract performance up to contract
close out or termination
True or False: Both the buyer and seller must administer the contract? - correct
answer...✔✔True
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,What is an important focus during post-award contract administration? - correct
answer...✔✔Quality of contract performance
What is included in quality of contract performance? - correct answer...✔✔This quality
includes schedules, cost, and successful delivery of services or items.
Who is responsible for quality? - correct answer...✔✔The seller has the responsibility
for quality, however the buyer must have proper oversight to protect the interest of stake
holders
Most sellers have a supply chain of support for their contract performance, they are
know as? - correct answer...✔✔Sub contractors
How can changes contract arrangements during contract performance be made? -
correct answer...✔✔Buyer and seller negotiations for a contract modification or a
unilateral modification of provisions are met. Sometimes, contract termination will be
needed.
What is Contract close out? - correct answer...✔✔The process of verifying all the
requirements of the contract are satisfied, settling unresolved matters, and reconciling
the contract to make final payment.
What tasks are included in contract close out? - correct answer...✔✔Validation of
completion of contract requirements, disposition of property, settling sub-contractor
issues, funds reconciliation and final payment.
KO stands for? - correct answer...✔✔Contracting Officer
KO plays what role throughout contracting life cycle? - correct answer...✔✔
Requirements identification through contract close-out, the KO's responsibilities change
and evolve from phase to phase.
Acquisition definition - correct answer...✔✔The acquiring by contract with appropriate
funds of supplies or services by and for the use of federal government through the
purchase or lease, whether the supplies or services are already in existence or must be
created, develop, demonstrated, and evaluated
Acquisition team members definition - correct answer...✔✔Consing of all participants
and government acquisition including not only representatives of the technical, supply,
emperment communities but also customers they serve, and the contractors who
provide the products and services
KO's role on the acq team is to? - correct answer...✔✔The contracting officer must
have the authority to the maximum extent practical and consistent with law, to
determine the application of rules, regulations, and policies, on the specific contract
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, What is required for KO appointments? - correct answer...✔✔Requires a pointing
officials, selecting contracting officers, to consider the complexity and dollar value of the
acquisitions to be assigned and the candidates experience, training, education,
business acumen, judgment, character, and reputation
What is the Contracting officer responsible for? - correct answer...✔✔Ensuring
performance of all necessary actions for effective contracting, ensuring compliance with
the terms of the contract, and safeguarding the interest of the United States and its
contractual relationships
List some responsibilities of contracting officer - correct answer...✔✔Ensure sufficient
funds, dealing with contractors, request assistance as appropriate, and contracting
officer representative
Far Part 1 - correct answer...✔✔Federal Acquisition Regulations System
Far Part 2 - correct answer...✔✔Definitions of Words and Terms
Far Part 3 - correct answer...✔✔Improper Business Practices and Personal Conflicts of
Interest
Far Part 4 - correct answer...✔✔Administrative and Information Matters
Far Part 5 - correct answer...✔✔Publicizing Contract Actions
Far Part 6 - correct answer...✔✔Competition Requirements
Far Part 7 - correct answer...✔✔Acquisition Planning
Far Part 8 - correct answer...✔✔Required Sources of Supplies and Services
Far Part 10 - correct answer...✔✔market research
Far Part 12 - correct answer...✔✔Acquisition of commercial products and commercial
services
Far Part 13 - correct answer...✔✔Simplified Acquisition Procedures
Far Part 15 - correct answer...✔✔Contracting by Negotiation
Far Part 16 - correct answer...✔✔Types of Contracts
Far Part 19 - correct answer...✔✔Small Business Programs
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