Con 3900 week 3 - Study guides, Class notes & Summaries

CON 3900 Week 3 Test Questions with Answers All Correct Where does the majority of risk fall in a firm-fixed price contract? - Answer-The contractor What is the definition of price according to FAR 15.401? - Answer-Price = Cost + any fee or profit applicable to the contract type What are the contracting officer's responsibilities with regards to price? (1 of 3) - Answer-Purchase supplies and services from responsible sources at fair and reasonable prices What are the contracting offi...

CON 3900 - Week 3 EXAM QUESTIONS WITH LATEST CORRECT SOLUTION It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from: Responsible sources What are the two types of negotiated acquisitions? Sole source and competitive What is the objective of a source selection? To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the contractor? Fixed-price W...

CON 3900 Week 3 Test Questions with Answers All Correct Where does the majority of risk fall in a firm-fixed price contract? - Answer-The contractor What is the definition of price according to FAR 15.401? - Answer-Price = Cost + any fee or profit applicable to the contract type What are the contracting officer's responsibilities with regards to price? (1 of 3) - Answer-Purchase supplies and services from responsible sources at fair and reasonable prices What are the contracting offi...

CON 3900 Week 4 Exam Questions and Answers All Correct How can a prospective contractor be determined responsible IAW FAR 9.104-1? (1 of 7) - Answer-Have adequate financial resources to perform the contract, or the ability to obtain them How can a prospective contractor be determined responsible IAW FAR 9.104-1? (2 of 7) - Answer-Be able to comply with required performance or delivery schedule How can a prospective contractor be determined responsible IAW FAR 9.104-1? (3 of 7) - Answe...

CON 3900 Week 2 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...

CON 3900 Week 2 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...

CON 3900 Week 4 Exam Questions and Answers All Correct How can a prospective contractor be determined responsible IAW FAR 9.104-1? (1 of 7) - Answer-Have adequate financial resources to perform the contract, or the ability to obtain them How can a prospective contractor be determined responsible IAW FAR 9.104-1? (2 of 7) - Answer-Be able to comply with required performance or delivery schedule How can a prospective contractor be determined responsible IAW FAR 9.104-1? (3 of 7) - Answer...

CON 3900 Week 2 Study Set Exam Questions With Complete Solutions What is the Government policy on describing agency needs? (1 of 3) - answer-Promote full and open competition Planning Phase of Acquisition - answer1) Form the Team 2) Review Current Strategy 3) Market Research Development Phase of Acquisition - answer4) Requirements Definition 5) Acquisitions Strategy Execution Phase of Acquisition - answer6) Execute Strategy 7) Performance Management When should acquisition planning be...