Cfcm far part 4 - Study guides, Class notes & Summaries

CFCM FAR Part 1 Study Guide with ComThe Federal Acquisition Regulations System is established for... - ANSWER-the codification and publication of uniform policies and procedures for acquisition by all executive agencies. The vision for the Federal Acquisition System is to... - ANSWER-deliver on a timely basis the best value product or service to the customer, while maintaining the public's trust and fulfilling public policy objectives. The Federal Acquisition System will... - ANSWER-1) Sa...

CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 Questions and Answers | Updated 2023-2024

CFCM Study Guide Exam Questions with Correct Answers (Rated A+) FAR Part 31 - Answer-Contract Cost Principles and Procedures FAR Part 32 - Answer-Contract Financing FAR Part 33 - Answer-Protests, Disputes, and Appeals FAR Part 34 - Answer-Reserved FAR Part 35 - Answer-Research and Development Contracting FAR Part 36 - Answer-Construction and Architect-Engineer Contracts FAR Part 37 - Answer-Service Contracting

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CFCM Practice Exam All Answers Correct Key Procurement Concepts and Answers 1. Certificate of Competency: - A certificate issued by the Small Business Administration (SBA) stating that the holder is responsible for the purpose of receiving and performing a specific Government contract. 2. Freedom of Information Act (FOIA): - This law specifies how agencies must make their records available upon public request, imposes strict time standards for responses, and exempts certain records fr...

CFCM Exam Practice Test Graded A+ 1. Certificate of Competency: - A certificate issued by the Small Business Administration (SBA) stating that the holder is responsible for receiving and performing a specific Government contract. ️ 2. Fast Payment Procedure Limitation: - Except as specifically permitted, the fast payment procedure may not be used for individual purchasing instruments exceeding $35,000. ️ 3. Government Wide Point of Entry: - Contractors can access information about...

Certified Federal Contracts Manager (CFCM) Federal Procurement and Contracting Principles 1. Cost Reasonableness: - A cost is considered 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. ️ 2. Advance Agreements: - Advance agreements should not be negotiated after the costs have been incurred. ️ 3. Assignment of Claims Act: - A contractor may assign moneys due under a contract if it me...

CFCM EXAM ALREADY GRADED A+ 1. Acquisition: - The process of acquiring, by contract with appropriated funds, supplies or services (including construction) for the Federal Government through purchase or lease, whether existing or needing to be created, developed, demonstrated, and evaluated. 2. FAR Part 2: - This section contains the definitions of words and terms used throughout the Federal Acquisition Regulation. 3. When Does Acquisition Begin? - Acquisition begins at the point wh...

CFCM- Part 1, 2, 3, 4, 5, 7, 10, 11, and 23 exam with 100% correct answers 2023