CLC 003

Federal regulations require that contracting officers publicize contract actions expected to exceed which of the following dollar thresholds?

$25,00 x- $100,000 $500,000 $50,000

Proposed contract actions must be publicized (synopsized) at the Government Point of Entry (such as FedBizOpps) at least how many days prior to issuance of the actual contract solicitation document?

15

Alternate Dispute Resolution (ADR) procedures:

Are the Government's preferred method for dealing with a dispute with a contractor.

The Contracting officer representative (COR):

Assists the contracting officer with ensuring that small businesses are awarded their fair share of contract awards assists the contracting officer with ensuring that the contractor is performing the work requirements of the contract x: can be delegated the authority (in writing) to make commitments and to obligate the government to make changes to the contract can be delegated the authority (in writing) to terminate the contract if a contractor that is not performing in accordance with contract requirements.

Select the TWO statements from the choices below that are accurate statements (select two):

Contract bundling often results in an increase in revenue for small businesses B C contract bundling often results in more efficient award process for the Government A B Contract bundling often results in a less efficient award process for the Government A C contract bundling often results in the loss of revenue for small businesses

Which TWO choices are correct regarding contract financing? (select two)

For commercial items, contract financing is typically the contractor's responsibility For non-commercial items, the FAR permits progress payment be made to contractors

You and your team are asked to conduct market research on a specific upcoming requirement for computers. You will be conducting:

Tactical market research

Which one of the following situations is least likely to lead to a breach of the contract?

The Government issues a unilateral change order for a contract to correct a minor administrative error

Which one of the following is NOT an item that the Chairperson of the Source Selection Evaluation Board (SSEB) would present to the Source Selection Authority during a formal source selection?

The final decision on which an offeror will be selected

Which one of the following statements is TRUE?

The most important factor when selecting a contract type is the business size of the contractor

Which one of the following statements is TRUE?

X- For non-commercial items, contracting officers must allow at least a 10-day response time for receipt of bids or proposals x; Proposed Contract actions up to $100,000 need only be posted in a public place frequented by potential contractors For commercial items, contracting officers may issue a combined synopsis/solicitation Proposed contract actions up to $25,000 need only be posted in a public place frequented by potential contractors.

Which one of these statements is TRUE

X: When using a fixed-price economic price adjustment contract, the limits on price decreases must be twice the limits on price increases Fixed-Price contracts place more risk on the contractor than do cost-reimbursement contracts X: The most important factor when selecting a contract type is the business size of the contractor Fixed-Price contracts place approximately equal risk on the contractor as do cost-reimbursement contracts

Progress Payments

are a form of contact financing payable before the deliverables are accepted

In what stage of the acquisition cycle should strategic market research be conducted?

immediately prior to contracting for supplies or services x: prior to contract expiration and before solicitation of the follow-on contract after requirements are completely known strategic market research is an ongoing process through all phases of the acquisition cycle

The administrative contracting officer (ACO) is responsible for:

overseeing contract performance, government acceptance, and payment

A cure notice:

provides the contractor a period of 10 days in which to correct a failure in contract performance

Which one of the following statements is TRUE?

the FAR states that market research is optional for non-commercial acquisitions

Cost analysis is:

the evaluation of the separate cost elements and profit in an offeror's proposal

Which one of the following is a characteristic common to fixed-price contract type?

x- the contractor is obligated to provide "best effort" in attempting to perform the work The Government is obligated to pay all reasonable costs incurred by the contractor The contractor can increase its profit by increasing the cost of performing the work under the contract The contractor is obligated to deliver a specific supply or service

Which one of these statements is TRUE?

x: When using a fixed-price economic price adjustment contract, the limits on price decreases must be twice the limits on price increases x: fixed-price contracts place more risk on the contractor than do cost-reimbursement contracts the most important factor when selecting a contract type is the business size of the contractor fixed-price contracts place approximately equal risk on the contractor as do cost-reimbursement contracts