CFCM Bundled Exams Questions and Answers |Latest 2023| |100% Pass|

CFCM Practice Test Questions with Verified Solutions How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? Every 5 years A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking cert...

CFCM Practice Exam Questions and Answers Already Graded A What is a Certificate of Competency? A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records ...

Certified Federal Contracts Manager (CFCM) Questions and Answers 100% Pass A cost is reasonable if, in its nature and amount, it does not exceed that which would be incurred by a prudent person in the conduct of competitive business. Advance Agreements should not be negotiated after the incurrence ...

CFCM Questions and Answers 100% Pass A pre-bid conference may be used for the following purposes except? The correct answer is: as a substitute for amending a defective or ambiguous invitation. ________________ provides for upward or downward revision of the state contract price upon occurrence of...

CFCM Questions and Answers (2022/2023) Already Passed The FAR requires agencies to report bids or proposal that Show evidence of an industry pricelist The practice of submitting an unrealistically low bid with the expectation of recouping the loss on change orders or subsequent business buying-in ...

CFCM Exam Practice Test Questions and Answers with Verified Solutions What is a Certificate of Competency A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive a...

CFCM Final Review Questions and Answers Graded A+ The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the ...

CFCM Thresholds Latest 2023 Rated A+ Under $150,000 Simplified Acquisition Threshold $25,000 Generally, agency need must be synopsized in the GPE for this dollar amount or over $3,500 Micro purchase Threshold $2,000 Micro purchase threshold for construction subject to wage rate requirements $2,5...