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CFCM Exam Questions with correct answers
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CFCM Exam Questions with correct answers"Commercial Item" under FAR Part 12 (for MCQs)? - correct answer-1. Any item, other than real
property, that is of a type customarily used by the general public or by non-governmental entities for
purposes other than governmental purposes, and—
(i) Has been sold, leased, or licensed to the general public; or
(ii) Has been offered for sale, lease, or license to the general public;
2. Any item that evolved from an item described in paragraph (1) of this definition through advances in
technology or performance and that is not yet available in the commercial marketplace, but will be
available in the commercial marketplace in time to satisfy the delivery requirements under a
Government solicitation;
3. Any item that would satisfy a criterion expressed in paragraphs (1) or (2) of this definition, but for—
(i) Modifications of a type customarily available in the commercial marketplace; or
(ii) Minor modifications of a type not customarily available in the commercial marketplace made to
meet Federal Government requirements. Minor modifications means modifications that do not
significantly alter the nongovernmental function or essential physical characteristics of an item or
component, or change the purpose of a process. Factors to be considered in determining whether a
modification is minor include the value and size of the modification and the comparative value and size
of the final product. Dollar values and percentages may be used as guideposts, but are not conclusive
evidence that a modification is minor;
4. Any combination of items meeting the requirements of paragraphs (1), (2), (3), or (5) of this definition
that are of a type customarily combined and sold in combination to the general public;
5. Installation services, maintenance services, repair services, training services, and other services if—
(i) Such services are procured for support of an item referred to in paragraph
,"Nondevelopmental item" means- - correct answer-(1) Any previously developed item of supply used
exclusively for governmental purposes by a Federal agency, a State or local government, or a foreign
government with which the United States
has a mutual defense cooperation agreement;
(2) Any item described in paragraph (1) of this definition that requires only minor modification or
modifications of a type customarily available in the commercial marketplace in order to meet the
requirements of the procuring department or agency; or
(3) Any item of supply being produced that does not meet the requirements of paragraphs (1) or (2)
solely because the item is not yet in use.
Letter Contracts and job orders issued under Basic Ordering Agreement are examples of ___________
(FAR 2.101)? - correct answer-Contracts
Which techniques can the govt use to minimize "buying-in" opportunities (FAR 3.501-2)? - correct
answer--Multiyear Contracting
-Priced Options
-Amortization of nonrecurring costs
What's the dollar threshold for synopsizing in GPE (FAR 5.301)? - correct answer-Contract award
amounts exceeding $25,000.
For awards exceeding $15,000 but less than $25,000, a public notice display that must stay there for 10
days (or until the date of bid opening, whichever is later.
What's the dollar thershold for public announcement of contract awards (FAR 5.303)? - correct answer-
$4,000,000 (i.e., $4M)
The specific content of acquisition plans will vary, and are influenced primarily by which factors (FAR
7.105)? - correct answer-The nature, circumstances, and stage of the acq.
The primary objective of discussions is to [FAR 15.306(d)]? - correct answer-maximize govt's ability to
obtain best value based on the reqt & the eval factors.
,What are the types of indefinite-delivery contracts [FAR 16.501-2]? - correct answer-Three types:-
definite-quantity contracts, requirements contracts, and indefinite-quantity contracts.
The appropriate type of indefinite-delivery contract may be used to acquire supplies and/or services
when the exact times and/or exact quantities of future deliveries are not known at the time of contract
award.
Note: (Pursuant to 10 U.S.C. 2304d and 41 U.S.C. 4101, requirements contracts and indefinite-quantity
contracts are also known as delivery-order contracts or task-order contracts.)
A protest concerning Small Business representation may be considered timely if .......(FAR 19.302)? -
correct answer-if made orally and confirmed in writing within 5-day period.
If the CO and the SBA area office cannot reach a resolution regarding small business concern's ability to
perform, who is empowered to make the final decision (FAR 19.602-3)? - correct answer-The SBA
associate administrator for govt contracting
When shall a contractor provide certification when submitting a claim exceeding [FAR 33.207(a); (d)]? -
correct answer-Anytime the claim exceeds $100,000.
The aggregate amount of both increased and decreased costs shall be used in determining when the
dollar thresholds requiring certification.
When acquiring services, 'Renewable Energy services' is an exception to the
__________________________________________ acquisition methods [FAR 37.102(a)] - correct
answer-Performance-based acquisition.
"Effective date" under FAR 43.101? - correct answer-(1) For a solicitation amendment, change order, or
administrative change, the effective date shall be the issue date of the amendment, change order, or
administrative change.
, (2) For a supplemental agreement, the effective date shall be the date agreed upon by the contracting
parties.
(3) For a modification issued as a confirming notice of termination for the convenience of the
Government, the effective date of the confirming notice shall be the same as the effective date of the
initial notice.
(4) For a modification converting a termination for default to a termination for the convenience of the
Government, the effective date shall be the same as the effective date of the termination for default.
(5) For a modification confirming the termination contracting officer's previous letter determination of
the amount due in settlement of a contract termination for convenience, the effective date shall be the
same as the effective date of the previous letter determination.
Which of the following statements is an exception to FOIA? (FAR 24.202) - correct answer-A proposal
submitted in response to a competitive solicitation. (NOTE: However, this prohibition does not apply to a
proposal, or any part of a proposal, that is set forth or incorporated by reference in a contract between
the Government and the contractor that submitted the proposal).
Following areas are included in Service Contracts (FAR 37.101)? - correct answer-(1) Maintenance,
overhaul, repair, servicing, rehabilitation, salvage, modernization, or modification of supplies, systems, or
equipment.
(2) Routine recurring maintenance of real property.
(3) Housekeeping and base services.
(4) Advisory and assistance services.
(5) Operation of Government-owned equipment, real property, and systems.
(6) Communications services.
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