Cfcm practice test - Study guides, Class notes & Summaries

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - ANSWER 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 certain contract actionsi s defined as a - ANSWER determination and findings Contracting officers below the level of ___ shall be selected and appointed - ANSWER a head of a contracting activity

What is a Certificate of Competency - ANSWER 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 agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - ANSWER $35,000 What can a contractor access online at ? - ANSWER The government wide point of entry

CFCM Practice Test Questions with Verified Solutions How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? - Answer ️️ -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 certain contract actionsi s defined as a - Answer ️️ - determination and findings Contracting officers below the level of ___ shall be selected and appointed - Answer ️️ -a he...

Which of the following is defined as gov property ~ - gov furnished property - contractor acquired property - property owned or leased to the gov or acquired by the gov under the terms of the contract ** Intellectual property and software is NOT** A latent defect is a defect ~ that exists at the time of acceptance and cannot be discovered by a reasonable inspection The inclusion of a warranty in federal gov contracts is ~ not required How does the gov relieve contracts of liab...

CFCM PRACTICE TEST QUESTIONS

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 agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - ️️$35,000 What can a contractor access online at ? - ️️The government wide point of entry Size Standards - ️️FAR 19.102(b)(3): ...

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CFCM Exam Practice Test

CFCM Prep Questions based on NCMA CFCM Study Guide and NCMA Practice Test