Acq terms - Study guides, Class notes & Summaries

ACQ 101 Module 08 & Exam Contract Management Question and answers correctly solved 2023/2024 Which of the following requirements must an offer meet? (Select all that apply) - correct answer *Be clear and unambiguous* *Have complete terms* *Be communicated* *Express intent* Select the element of contract that best fits the definition of "something of equal value must be exchanged": - correct answer *Consideration* A mutual assent is when a contract is formed by acceptance of an offer...

What are the three contracting life cycle phases - Answer Pre-award, Award, and Postaward Define the pre-award phase - Answer Invokes all work performed by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub) in communicating the buyer's requirements and providing a solution to those requirements What typically starts before the contracting process? - Answer Requirement definition, budgeting/funding process, and acquisition planning. The pre-award phase consist of wh...

ACQ 101 Terms Correctly Answered Questions 2024.Acquisition - correct answer DOD terms; Acquisition encompasses the design, engineering, consturction, testing, deployment, sustainment, and disposal of weapons or related items purchased from a contractor. From a policy perspective, federal regulations and federal law use the terms acquisition and procurement (do not confuse with budget definition) interchangeably. JCIDS - correct answer Part of 3-step process a weapon system must go through; J...

Con 3990 Prep Exam Questions With 100% Correct Answers What are the three contracting life cycle phases - answerPre-award, Award, and Post-award Define the pre-award phase - answerInvokes all work performed by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub) in communicating the buyer's requirements and providing a solution to those requirements What typically starts before the contracting process? - answerRequirement definition, budgeting/funding process, and a...

Information Support Plan (ISP) - ANSWER ISPs provide a means to identify and resolve potential information support implementation issues and risks that, if not properly managed, will limit or restrict the ability of a program to be operationally employed in accordance with the defined capability. The end-product of the ISP/EISP/TISP is the identified issues and risks associated with information needs and dependencies of the program Enhanced Information Support Plan (EISP) Tailored Informa...

Con 3990 Prep Exam Questions With 100% Correct Answers What are the three contracting life cycle phases - answerPre-award, Award, and Post-award Define the pre-award phase - answerInvokes all work performed by both the buyer (Gov't or Prime Contractor) and seller (contractor or sub) in communicating the buyer's requirements and providing a solution to those requirements What typically starts before the contracting process? - answerRequirement definition, budgeting/funding process, and a...

ACQ 101 Module 08 & Exam Contract Management Study Guide 2024. Which of the following requirements must an offer meet? (Select all that apply) - correct answer *Be clear and unambiguous* *Have complete terms* *Be communicated* *Express intent* Select the element of contract that best fits the definition of "something of equal value must be exchanged": - correct answer *Consideration* A mutual assent is when a contract is formed by acceptance of an offer. - correct answer *True* In...

Con 3990 Exam Questions With 100% Correct Answers How long should the CPARS reporting proces take? The CPARS reporting process should take no longer than 120 days. Phases of the Contracting Process Pre-Award; Award; Post-Award Pre-award phase consists of two primary activities: 1. Develop Solicitation (for our purposes, this is done by the Government or the contractor, focused on obtaining a subcontractor). 2. Develop Offer (this is done by the Contractor or Subcontractor) Award phase ...

Con 3990 Exam Questions With 100% Correct Answers How long should the CPARS reporting proces take? The CPARS reporting process should take no longer than 120 days. Phases of the Contracting Process Pre-Award; Award; Post-Award Pre-award phase consists of two primary activities: 1. Develop Solicitation (for our purposes, this is done by the Government or the contractor, focused on obtaining a subcontractor). 2. Develop Offer (this is done by the Contractor or Subcontractor) Award phase ...

Con 3990 Exam Questions With 100% Correct Answers How long should the CPARS reporting proces take? The CPARS reporting process should take no longer than 120 days. Phases of the Contracting Process Pre-Award; Award; Post-Award Pre-award phase consists of two primary activities: 1. Develop Solicitation (for our purposes, this is done by the Government or the contractor, focused on obtaining a subcontractor). 2. Develop Offer (this is done by the Contractor or Subcontractor) Award phase ...