Exam (elaborations)
CON 3900 EXAM QUESTIONS AND ANSWERS 2024
- Course
- Institution
CON 3900 EXAM QUESTIONS AND ANSWERS 2024
[Show more]
Content preview
CON 3900 EXAMExpress Actual Authority: - ANSWERS-Authority explicitly given to the agent
through the principal's written or oral instructions
Implied Actual Authority: - ANSWERS-authority to do what is usual, customary
and necessary to accomplish the action. No express agreement
Apparent Authority: - ANSWERS-someone reasonably believes an individual has
the authority to act on the behalf of the government
Delegation of authority: - ANSWERS-he FAR and states that each authority is
delegable unless specifically stated otherwise (FAR 1.108(b)).
contract: - ANSWERS-mutually binding legal relationship obligating the seller to
furnish the supplies or services (including construction) and the buyer to pay for
them in writing
Mutual Assent: - ANSWERS-meeting of the minds. parties involved in a contract
must come to an agreement about the details of the transaction and each party
either makes a promise or begins or renders performance.
Capacity: - ANSWERS-refers to the legal competence of a person to enter a valid
contract.
,Consideration: - ANSWERS-something of value that a promisor (the offeror)
receives from a promisee (the offeree) in return for his or her offer.
Lawful Purpose: - ANSWERS-the contract must not be for an unlawful purpose or
contrary to public policy
Essential elements of a contract: - ANSWERS-Capacity
Mutual assent
Consideration
Lawful purpose
FAR part 10: - ANSWERS-market research
Market research: - ANSWERS-the process used to determine if industry can
support the acquisition "needs" of the Government. a continuous process for
gathering and analyzing information about products and services that are
available in marketplace.
Market research is conducted to determine: - ANSWERS-if commercial
products/services or non-developmental items are available to meet the
Government's needs or could be modified to meet the Government's needs
(FAR10.002(b)).
,Strategic market research: - ANSWERS-continuous. overall market developments,
trends and capabilities.
An example of strategic research is attending a trade show for a specific industry.
Tactical Market: - ANSWERS-conducted at specific points during the acquisition
process. provides a deeper understanding of the market and answer specific
questions about the capabilities, products or services available in the market.
Market research can be: - ANSWERS-Strategic or Tactical
The Competition in Contracting Act of 1984, (CICA): - ANSWERS-Generally, unless
an exception applies or is otherwise expressly authorized by statute, Contracting
Officers shall promote and provide for full and open competition in soliciting
offers and awarding Government contracts.
Competitive Procedures: - ANSWERS-Sealed bids.
Competitive proposals
Combination of competitive procedures.(e.g., two-step sealed bidding).
Other competitive procedures
Full and Open Competition: - ANSWERS-With certain limited exceptions
contracting officers shall promote and provide for full and open competition in
soliciting offers and awarding Government contracts
, Full and Open Competition After Exclusion of Sources: - ANSWERS-Agencies may
exclude a particular source from a contract action in order to establish or
maintain an alternative source or sources
Exclusion of Sources examples: - ANSWERS-small business
Establishing or maintaining alternative sources
8(a
Hubzone
women-owned small business(EDWOSB) concerns or women-owned small
business (WOSB) concerns eligible under the WOSB Program
local firms during a major disaster or emergency
Other Than Full and Open Competition: - ANSWERS-Contracting without providing
for Full and open is authorized under certain conditions with justification
Other Than Full and Open Competition Examples: - ANSWERS-Sole Source
Unusual and compelling urgency
Industrial mobilization; engineering, developmental, or research capability ;or
expert services
International agreement
Authorized or required by statute
National security
Public Interest
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 Teacher101. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $15.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now