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CON 3990 Exam FAR Parts/ CON 3990 Exam Updated 2023-2024

CON 3990 FAR Exam Practice Questions and Answers | Latest Update 2023/2024. FAR Part 2 -CORRECT ANSWER Definitions of Words and Terms FAR Part 3 -CORRECT ANSWER Improper Business Practices & Personal Conflicts of Interest FAR Part 4 -CORRECT ANSWER Administrative Matters FAR Part 5 -CORRECT ANSWER Publicizing Contract Actions FAR Part 6 -CORRECT ANSWER Competitive Requirements FAR Part 7 -CORRECT ANSWER Acquisition Planning FAR Part 8 -CORRECT ANSWER Required Sources of Supplies and Servic...

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...

FAR Part 1 - Answer Federal Acquisition Regulation System FAR Part 2 - Answer Definitions of Words and Terms FAR Part 3 - Answer Improper Business Practices & Personal Conflicts of Interest FAR Part 4 - Answer Administrative Matters FAR Part 5 - Answer Publicizing Contract Actions FAR Part 6 - Answer Competitive Requirements FAR Part 7 - Answer Acquisition Planning FAR Part 8 - Answer Required Sources of Supplies and Service FAR Part 10 - Answer Market Research FAR Part 12 - Answer Acqu...

What is the Micro-purhcase threshold for supplies? - Answer $10k All incentive contracts (schedule or performance) must also include what? - Answer Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - Answer Bona Fide Needs Rule What contract types can be used for commercial item purchases? - Answer FFP or FPEPA What is the Simplified Acquisition Threshold for commercial products and services? What is ...

Market Research is conducted during which phase of acquisition? - Answer All phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? - Answer Deviation Feedback: See FAR 1.401(a) Simplified Acquisition Procedures should - Answer Promote competition to the maximum extent practicable What type(s) of contracts can be awarded when acquiring commercial products - Answer Only firm fixed price contracts or firm fixed with economic prices adjustment Which is N...

CON 3990 Exam FAR Parts Questions and Answers FAR Part 1 - Answer️️ -Federal Acquisition Regulation System FAR Part 2 - Answer️️ -Definitions of Words and Terms FAR Part 3 - Answer️️ -Improper Business Practices & Personal Conflicts of Interest FAR Part 4 - Answer️️ -Administrative Matters FAR Part 5 - Answer️️ -Publicizing Contract Actions FAR Part 6 - Answer️️ -Competitive Requirements FAR Part 7 - Answer️️ -Acquisition Planning FAR Part 8 - Answer️️ -Re...

CON 3990 Exam Questions and Answers What is the Micro-purhcase threshold for supplies? - Answer️️ -$10k All incentive contracts (schedule or performance) must also include what? - Answer️️ - Cost incentive or constraint What requires funds to be used only for needs or services in the year of the appropriations obligation period? - Answer️️ -Bona Fide Needs Rule What contract types can be used for commercial item purchases? - Answer️️ -FFP or FPEPA What is the Simplified A...

CON 3990 Contracting Certification Quiz 4 of 4 100% Correct A postaward orientation aids both Government and contractor personnel to? - Answer️️ -Achieve a clear and mutual understanding of all contract requirements and identify and resolve potential problems When late in paying an otherwise acceptable invoice, the Government will? - Answer️️ -Pay an interest penalty When acquiring commercial items, quality assurance is primarily the responsibility of? - Answer️️ -The contrac...

CON 3990 Contracting Certification Quiz 3 of 4 Questions and Answers It is the Government's pricing policy to purchase supplies and services at fair and reasonable prices from? - Answer️️ -Responsible sources What are the two types of negotiated acquisitions? - Answer️️ -Sole source and competitive What is the objective of a source selection? - Answer️️ -To select the proposal that represents the best value Which contract type shifts cost risk from the Government to the cont...

CON 3990 Exam FAR Parts Update 1. FAR Part 1--Correct Answer-- Federal Acquisition Regulation System 2. FAR Part 2--Correct Answer-- Definitions of Words and Terms 3. FAR Part 3--Correct Answer-- Improper Business Practices & Personal Conflicts of Interest 4. FAR Part 4--Correct Answer-- Administrative Matters 5. FAR Part 5--Correct Answer-- Publicizing Contract Actions 6. FAR Part 6--Correct Answer-- Competitive Requirements