Please highlight the correct response.

(1) In a noncompetitive negotiation which factor is not considered when selecting the Government's pre-negotiation objective for best value?

Source is found non-responsible.

Satisfies Government socioeconomic goals.

Fairly apportions risk between the Government and the contractor.

Has a fair and reasonable price.

2)If an independent Government estimate is going to be used to support the Government's objective, which question should be addressed?

Is the estimate in line with the lowest proposed price?

How did the customer determine the need?

Is the requirement written in performance-based language?

How was the estimate made?

3)Comparative analysis, the preferred price analysis technique, is the act of comparing prices from different sources. These sources may include:

Cost estimating relationships

A Certificate of Current Cost and Pricing Data

A Certificate of Competency

Prices received in response to the same solicitation

4)When you use price index numbers to adjust for the changing value of the dollar over time, what price comparability factor are you using?

Purchasing power of the dollar

Government unique requirements

Technology

Quantity and size

5)According to FAR Subsection14.402, what must be done at the time the determination is made to postpone a bid opening?

An announcement of the determination shall be publicly posted.

The Program Manager must be notified.

The contracting officer must consider cancelation of the solicitation.

The facility used for bid opening must be rescheduled.

6)Which of the following methods is the best for safeguarding quotes and proposals?

Designate one person with need to know access to secure the bid or proposal and keep its security a secret

Shred additional copies of the bid or proposal to ensure others cannot have access to them

Secure bid or proposal in a locked container inside a secured building

Have a member of the acquisition team open the bid or proposal to determine the best safeguarding method

7)You have received several competitive quotes for a wire harness with the lowest quote at $210 each. Last year a contract under the same terms and conditions as the present procurement was awarded at $204 each for the same wire harness. The same firms competed for the past and present procurements. What factor accounted for the difference between the two prices?

Technology

Geographic Location

Inflation

Extent of competition

8)Why is it important to conduct a price analysis?

To use in negotiation with the offerors

To determine the advantages at all price ranges

To receive a good product and good service at a reasonable price

To find the lowest price available

9)Commercial firms often negotiate total volume discounts with major customers over and above normal order quantity discounts. In comparing total volume of purchases, you should normally consider known acquisitions from all government activities as a group. This is an example of which of the following?

Lowest prices charged other customers.

Catalog pricing.

Normal order size.

Annual volume of sales to similar customers.

10)An agency has determined to purchase a product categorized as unique. The product has been manufactured for 8 years by 3 companies but only one company has been responsive. Past history has indicated that another Government agency has purchased this product in the last 2 years. Which price analysis base should be used?

Independent Government Estimate

Previously proposed prices

Other proposed prices

Commercial prices

11)Which of the following techniques is used to determine whether the proposed cost elements are realistic for the work to be performed?

Cost examination

Cost analysis

Price realism analysis

Cost realism analysis

12)For which of the following procurements would you most likely require cost or pricing data?

A single-source offer of $96,000 for research and development.

An offer of $575,000 for a catalog-priced commercial item from the only know source.

An offer of $800,000 from the only known source producing an electronic system to unique Government requirements.

A commercial item contract modification proposal which indicates that $298,000 of work will be removed by the modification.