Con 3990 prep - Study guides, Class notes & Summaries

CON 3990 Contracting Certification Quiz 1 of 4 (from Prep Course) . Terms like: What is the tool (form) used by DoD to apply a structured profit/fee? - Answer: DD Form 1547, Weighted Guidelines Method What type(s) of contracts can be awarded when acquiring commercial items of supply? - Answer: Only firm-fixed-price contracts or fixed-price contracts with economic price adjustment Market research is conducted during which phase of acquisition? - Answer: All phases of the acquisition

CON 3990 Contracting Certification Quiz 1 of 4 course prep.

CON 3990 EXAM 1 PASSED 2024 A+

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...

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...