Exam (elaborations)
AATC CON 1300 QUESTIONS WITH CORRECT ANSWERS
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Exam of 8 pages for the course FCCM at FCCM (AATC CON 1300)
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AATC CON 1300A _________ is a response to a solicitation that, if accepted, would __________ to
perform the resultant contract. - answer Offer. bind the offeror. Bid or proposal is an
offer. An offer for an RFP under FAR part 15 is a proposal (T)
A __________ is not an offer because it does not bind the contractor to perform a task.
- answer quote (T)
An offer for a quote under FAR part 13 is a ________ IAW FAR 13.004 - answer quote
(T)
An offer for an RFP under FAR part 15 is a _________________ - answer proposal (T)
________ risk is an escalation of project costs. It is the risk that the project will be more
than the budget allocated for it. Perhaps the most common project risk - answer Cost.
cost risk is due to poor budget planning, inaccurate cost estimating, and scope creep.
(scope creep- gov keeps adding requirements) (T)
__________ risk is the risk that activities will take longer than expected, and is typically
the result of poor planning or unforeseen circumstances. - answerSchedule. (Schedule
risk leads to cost risk because longer projects cost more. It can also lead to
performance risk, missing the timeline to perform its intended mission.) (T)
___________ risk is the risk that the project will fail to produce results consistent with
project specifications. - answerPerformance. (Performance risk can lead to cost risk and
schedule risk when the performance of a team or technology results in an increase in
cost and duration of the project.) (T)
The purpose of proposal analysis techniques are: - answer1. ensure that the final
agreed-to price is fair and reasonable.
2. K.O. evaluates reasonableness of the offered prices
3. analytical techniques and procedures alone or in combo for price
4. complexity and circumstance determines analysis level
(T)
__________________ _______________ Analysis states that cost should be realistic
for the work to be performed - answerCost Realism Analysis (reflects a clear
understanding of the requirements; and is consistent with the unique methods of
performance and materials described in the offeror's technical proposal.) (T)
, ______ Analysis SHALL be used when certified cost and pricing data is required. also
used when price analysis alone will not suffice to determine fair and reasonable pricing -
answerCost Analysis. Cost analysis shall include cost realism analysis (T)
_______ analysis doesn't look at cost at all. Just looks at final price. Shall be used when
certified cost or pricing data are NOT required - answerPrice Analysis. (example factors
include multiple awards vs single award, GFP, Buy American Act) (T)
Methods of Performing Price Analysis preferred techniques include -
answercompetition, historical comparison, parametric estimating, competitive published
price lists, compare IGCE, compare market research price, analysis of other than
certified cost or pricing data (T)
Hubzone price related factors - answer1. full and open competition expected and req
exceeds micro purchase threshold.
2. adds 10% price eval preference, PEP to all other offers
3. PEP can't replace successful small business offeror (T)
T or F. Government Furnished Property applies to competitive fixed-price contracts,
only! - answerTrue (T)
2 type of price related factors include eliminate competitive advantage and ____ -
answerConsider government costs or savings related to providing property (T)
__________ analysis focuses on the reasonableness of each estimated cost element
and adds a reasonable rate of profit/fee to arrive at the contract price. - answercost.
(Cost analysis leads to price analysis) (T)
_________ _________ analysis shall be performed on cost-reimbursement contracts to
determine the probable cost of performance for each offeror. It shall be used if the
______________ Act applies to - answerCost Realism Analysis and cost analysis. Truth
in Negotiations Act, TINA. To Prevent Buy-In: Contractor offers a low price to get the
contract and then raises their prices once the contract is awarded.
Cost analysis MAY be used on _____________ contracts or, in exceptional cases, on
other competitive fixed-price-type contracts when negotiating a sole source or when
competition is not available in order to determine a price to be fair and reasonable as
data other than certified cost or pricing data. - answerCompetitive Fixed-Price Incentive
Contracts
Cost analysis techniques listed in PAR 15-404-1 c 2 include - answer1. verification and
evaluation of cost and pricing data
2. evaluation of current practices on future costs
3. comparison of proposed cost with actual, previous, and future costs
4. verification and compliance of contract cost principles in FAR Part 31 and 48 CFR
Chapter 99, cost accounting standards
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