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50 Cards in this Set
- Front
- Back
6 Elements for a legal Federal Contractual agreement |
1. offer 2. Acceptance 3. consideration 4. 2 or more legally competent parties must sign 5. Must be for a lawful purpose 6. Legal sufficiency |
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5 things that must occur in accomplishing Contract Completion |
1. Finish all work 2. deliver all deliverables 3. Gain acceptance of the same 4. Submit final invoice 5. Get Paid |
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5 Criteria or filters related to cost allowability in Govt Contracts |
1. reasonableness 2. allocability 3. CAS or GAP 4. Terms of the contract 5. FAR guidance / FAR limitations |
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What is the difference between PRICE ANALYSIS and COST ANALYSIS |
COST ANALYSIS is an elemental Analysis; PRICE ANALYSIS is not
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What are some possible Situations that might cause the Government to issue a unilateral change order on a contract? |
1. Change in contracting officer 2. change is shipping date 3. issue award fee change order 4. Change is statement of Work
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A request for Proposal (RFP) under FAR 15, or contracting and Negotiation is for procurements where the government wants to evaluate more than price alone. (T or F) |
True
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Government Fiscal Year funds must be spent during the fiscal year in question?
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False
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When the Government evaluated a proposal in response to a RFP they will be concerned with Both a determination of contractor or bidder responsibility and contractor responsivness |
True
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One major reason that the bidders submit bids to the government is that the riles of the federal procurement system, the FAR are a known quantity |
True
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The need fir a future government procurement can be identified by anyone but has to be funded by congress |
true |
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the key difference between a subcontractor adn a vendor is the fact that a vendor will provide commercial off the shelf items (COTS)rather than do value added work like a subcontractor |
true |
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The FAR council is actually 2 councils- one civilian and one military |
True |
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Failure to comply with certain solicitations provisions might cause the Government to not accept a bidders proposal |
True |
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The Definitions clause is numbered FAR 52.202-1. The Assigned Number will never change for this clause under the FAR numbering scheme |
True |
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The main idea behine the FAR Systen which went into effect in 1984 was that there would be a core system of procurement regualtions that would apply to all federal government agencies, who could then, at their option, request permission from the FAR council to have their own FAR Supplements |
True |
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Far 1.602-1 Says "contracting officers shall receive from appointing authority...clear instructions in writing regarding the limits of their authority. these instructions are referred to as a warrant |
True |
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The FAR 52.301 Provision and clause matrix includes a prescribed in column. this saves time in finding out whether or not a clause is applicable in and particular contract. |
True |
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in the FAR 52.301 Provision and clause matrix the column entitled principle type and or purpose of contract has 19 categories. these categories relate exactly to the contract types specified in FAR part 16, Types of contracts |
FALSE |
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in the FAR 52.301 provision and clause matrix the column entitles IBR is showing wheter ot not a provision ir clause can be published in Full text on the government bid document and in any resulting contract
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True |
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the FAR appendix is not published like the rest of the FAR. it is only available on Goverment web sites such as //farsite.hill.af.mil |
True |
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In a supply contact the buyer has to accept the sellers work and /or deliverables before the buyer makes final payment to the seller |
true |
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Cost reimbursement contract require best efforts rather that supply responsibilities |
true |
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on the materials side of a time and Materials (T&M) contract a contractor may need to receive permission form the contracting officer to take trips that can be invoiced |
True |
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Cost plus award fee contract pay fee to that contractor during performance based on the award fee plan which is unique to each contract |
true |
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**A fixed price contract can include an award fee mechanism. |
True |
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The Government can use a cost reimbursment contract for acquisition of commercial items under FAR 12 Acquisitions |
False |
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The Contractor has all of the advantages in a letter contracting situation |
False
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At the point of agreement on the price, when the government has asked for cost or pricing data the bidder has to submit a signed "Certificate of Cost or Pricing Data" |
True |
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** On pricing the "time" side of the time and materials contracts, the bidder not has the ability to bid their fixed labor rates on a composite basis with their subcontractor labor components |
True |
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Priced set by law or regulation is the only exception to the requirement for cost or pricing data that was not changed in 1998 when FAR 15 was totally revised |
True |
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the allocability test within the larger cost allowability concept relates to placing an otherwise allowable cost in the correct cost pool, be direct or indirect |
true |
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Federal statutes passed by congress are a source if government contract law |
true |
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federal court case rulings or legal precedents are not a source of federal contract law |
FALSE |
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the Severin doctrine established in the principal privity of contract as a result of a high federal court ruling in the 1930's |
True |
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The warrant held by the contracting officer means that he or she has the authority to sign a contract up to their designated dollar amount lever |
True |
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contracting officers representatives (CORS) can sign a contract on behalf of the contracting officer in emergency circumstances |
False |
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the Government accountability office may be a recipient of a bidders protest |
true |
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a vioation of the false claims act may result in an investigation by the FBI and criminal penalities |
true |
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**Organizational conflicts of interest(OCI) clauses are uniformly written and applied whenever used in services contracting |
false
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contracting officers representatives are authorized to make changes to their assigned contracts such as changes in delivery dates and delivery locations |
false |
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both the winner and the losers may receive debriefings after a competitive contract is awarded |
true |
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a warranty clause is a good example of a contractual liability |
true |
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the DD250 is a DOD form used for inspection and acceptance purposes |
true |
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a termination for default may require the current contractor or pay for their unfinished work when it is done later by the government or a third party |
true |
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the key to a bilateral change order being equitable is both parties to the contact are willing to sign or definitize the modification as written. |
true |
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Timeliness is a key contractual commitment by the government in a government property clauses and cannot be changed by the inclusion os an "as is" clause in the same contract. |
true |
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All "liquidated damages" clauses must have a cap on the amount of damages a contractor must pay. |
False |
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Contract closeouts may include a requirement for file maintenance for several years. one of the reasons for such a long term file maintenance is to facilitate the possibility of post performance audits by such government agencies such as the GAO |
True |
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Cost plus award fee contract pay fee to that contractor during contract performance based on an award fee plan, which is unique to each contract. |
true |
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Similar conduct of the parties concerning a section of a contract is one of the form of evidence of a similar interpretation of that same section of the contract. |
True |