Contracting governments - Study guides, Class notes & Summaries

CON 2370 Simplified Acquistion Procedures Exam Questions With Answers Latest Updated 2024 (GRADED) Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - Answer Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions Not - The purpose of SAP is to improve opportunities for small businesses to obtain ...

CMIT Exam (200 multiple choice) Questions with Verified Answers A CM's role and responsibilities are governed solely by the Owner/CM Agreement. True False - CORRECT ANSWER True There are two basic forms of CM, agency and at-risk. Each form provides for the basic services of construction management practice. However, there are some key differences. Which of the following do not apply to both CM forms? A) Both forms provide advice to the owner on constructibility, budget and the schedule. ...

Contracting Officer Unlimited Warrant Board verified answers and questions 2023. What is an option? - correct answers.An option is a unilateral right in a contract, for a specific period of time, where the Government may elect to purchase additional supplies or services called for by the contract, or extend the period of performance. The PCO should use options when (1) in the Governments best interest, (2) there is a need for service beyond the initial period, and (3) to ensu...

When is market research conducted during which phase of acquisition? correct answersAll phases of the acquisition What is the use of a procedure that is inconsistent with the far? correct answersDeviation Simplified acquisition procedure should? correct answersPromote competition to the maximum extent practical What is the tool (form) used by DOD to apply a structured profit/fee? correct answersDd 1547, WGL What type of contracts can be awarded when acquiring commercial items of supp...

Competitive negotiation A method of contracting involving a RFP that states: -The buyer's requirements and criteria for evaluation -Submission of timely proposals by a maximum number of offerors -discussion with those offerors found to be within the competitive range -award of a contract to the one offeror whose offer, price and other consideration factors are most advantageous to the buyer R&D Contract A contract for basic research applied research, or development SBIR Smal...

List the 5 methods that can be used to dispose of personal property: -:- Transfers, Public Auctions, Trade-ins, Sales to other local contracting units, sealed bids The Purchasing Cycle has been recognized as the Six R's because goods and services must be obtained: -:- In the Right Quality, Right Quantity. At the Right Time, Right Price. From the Right Source. And in the Right Manner. True or False - The Cooleys Doctrine provides for a strict construction approach of state supremac...

CLC 222 Module 6 Exam Special Considerations Questions and Answers (Verified Answers) CLC 222 Module 6 Exam: Special Considerations • A Quality Assurance Surveillance Plan (QASP) is ? o Correct: The government?s plan to monitor the contractor?s quality assurance, it includes the methods, frequencies and types of surveillance that will be conducted. • The Quality Assurance Surveillance Plan (QASP) provides the government inspection plan to ensure contractor quality. o Correct: False...

CON 2370 SIMPLIFIED ACQUISITION PROCUDURES EXAM / 60+ QUESTIONS AND CORRECT ANSWERS 2023/2024 /GRADED A+ LATEST UPDATE. CON 2370 Simplified Acquisition Procedures Take 14 2023 1. Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)?: Not - Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions ...

CON 2370 Simplified Acquisition Procedures, Exam Practice Questions With Answers Updated (Verified). You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is corre...

Three Broad Government Spending Purposes - Answer 1) Current Operations 2) Capital Outlays 3) Debt Service Present Value Analysis - Three Components - Answer Determines what $$ Rec'd in Future is Worth Today 1) inflation component - year over year loss in value 2) enterprise component - inherent risk 3) unique component - Budget Accounting and Procedures Act of 1950 - Answer Requires the head of each federal agency to establish and maintain I/C's. Federal Managers Financial Int...