1.Which one of the following contract types is considered an incentive type contract?

Time and Material Contract

Cost Contract

Firm-Fixed Price

Cost Plus Award Fee Contract

2.Which of the following statements correctly identifies when an indefinite-delivery contract is appropriate to use?

(3 Points)

When uncertainties involved in contractor performance do not permit costs to be estimated.

When the specifications/work statement is clearly defined.

When the exact times and/or quantities of future deliveries are not known at time of award.

When it is possible to estimate accurately the extent of and duration of the work.

3.Which one of the following is a characteristic of cost reimbursable type contracts?

Profit is not limited.

The contractor shall deliver or risk default.

Requires maximum government surveillance.

The risk to the contractor is high.

4.Contracting may employ simplified acquisition procedures for acquisitions of commercial items not exceeding:

$2,500

$250,000

$1,000,000

$7,500,000

5.Select the statement that is INCORRECT when it comes to the requirement to use sealed bidding:

It is necessary to conduct discussions with the responding offerors about their bids.

There is a reasonable expectation of receiving more than one sealed bid.

The award will be made on the basis of price and other price-related factors.

Time permits the solicitation, submission, and evaluation of sealed bids.

6.The Competition in Contracting Act requires _____________.

That all government requirements be solicited under full and open competition without exception.

Contracting officers to make the decision on what is considered legal competition.

Requirements to be written in a manner that promote full and open competition, in order to obtain maximum competition in obtaining the agency's needs.

The government to compete all requirements.

7.Which one of the following is NOT an exception to Other Than Full and Open Competition?

Only one responsible source.

Authorized by the Head of the Contracting Activity.

International agreement.

Industrial mobilization.

8.Which of the following are common elements of a purchase request package? (select all that apply)

Requirements Documents, SOO,PWS or SOW

Independent Government Estimate

Contractors Proposal

DD Form(s) 1423 Contract Data Requirements List

9.In the required sources order of priority, what is the first source for supplies?

Federal Prison Industries

Commercial sources.

Wholesale supply sources

Inventories of the requiring agency

10.The Anti-Deficiency Act prohibits _______________ (select all that apply)

Spending money before Congress provides it.

Spending money for the purpose approved by Congress.

Spending more money than Congress provided.

Spending money for purposes other than those approved by Congress.

11.In contract funding terminology, _______________ is defined as "an actual disbursement of funds in return for goods or services."

12.In contract funding terminology, _______________ is defined as "the statutory authority to incur obligations and to make payments out of the US Treasury for specified purposes."

13.In contract funding terminology, _______________is defined as "the amount representing orders placed, contracts awarded, services received, and similar transactions during an accounting period that will require payment during the same or a future period."

14.In contract funding terminology, _______________is defined as "an administrative reservation of funds based on firm procurement request."

15.In a competitive acquisition under FAR part 15 anticipated to exceed the simplified acquisition threshold, the evaluation criteria must include which of the following

Price, quality (technical), and current performance.

Cost, quality (technical), and past experience.

Cost or price, quality (technical), and past experience.

Cost or price, quality (technical), and past performance.

16.If the requirements goal is to increase the on orbit life and performance of a Global Positioning Satellite (GPS) through improved battery life, what type of incentive is most appropriate?

Delivery incentive.

Performance incentive.

Cost incentive.

Subcontracting incentive.

17.Select the source selection role that has the following responsibility: "Selects the source whose proposal offers the best value to the Government in accordance with the evaluation criteria and basis for award stated in the solicitation.

Source Selection Evaluation Board (SSEB)

Source Selection Authority (SSA)

Source Selection Advisory Council (SSAC)

Procuring Contracting Officer (PCO)

18.Select the source selection role that has the following responsibility: "Conducts a comprehensive review and evaluation of proposals based solely on the evaluation criteria outlined in the RFP."

Source Selection Evaluation Board (SSEB)

Source Selection Authority (SSA)

Source Selection Advisory Council (SSAC)

Procuring Contracting Officer (PCO)