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51 Cards in this Set
- Front
- Back
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The simplified acquisition threshold for any contract in support of CONTINGENCY operations to be awarded and performed, or purchase to be made, OUTSIDE the U.S. is . . . |
$1 million |
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Which of the following are included in the definition of "contracts"? |
Letter contracts and job orders issued under basic ordering agreements. |
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The government can minimize the opportunity for buying in by using any of the following techniques: |
multiyear contracting, priced options, and amortization of nonrecurring costs |
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A contract with a corporation shall be signed . . . |
in the corporate name, followed by the word "by" and the signature and title of the person authorized to sign. |
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What is the dollar threshold for PUBLIC ANNOUNCEMENT of contract awards? |
$4,000,000 |
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Which of the following is the name of GSA's electronic system that allows ordering activities to post requirements, obtain quotes, and issue orders electronically? |
e-Buy |
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Normally, testing and approval is appropriate in contracts for . . . |
products requiring an approved first article to serve as a manufacturing standard. |
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If market research indicates that neither commercial items nor nondevelopmental items are available to satisfy agency needs, agencies . . . |
must reevaluate the need and determine whether it can be restated to permit commercial or nondevelopmental items to satisfy them. |
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Contract delivery or performance schedules may be expressed by . . . |
specific number of days from the date of the contract. |
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Contracting activities shall employ simplified acquisition procedures to the maximum extent practicable for acquisitions of COMMERCIAL items not exceeding . . . |
$6,500,000 |
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A system whereby the CO receives authorization from a fiscal and accounting officer to obligate funds on purchase documents against a specified lump sum of funds reserved for the purpose for a specified time rather than obtaining and individual obligation authority on each purchase document is . . . |
bulk funding |
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Imprest funds may be used for transactions up to . . . |
$500 |
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What is true concerning the use of simplified acquisition procedures? |
Purchases above the micro-purchase level are generally set-aside for small business. |
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When fast payment procedures are utilized, who is responsible for determining the amount of debts resulting from failure of contractors to properly replace, repair, or correct supplies lost, damaged, or not conforming to purchase requirements? |
Contracting Officer (CO) |
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Which of the following contract types may be used with sealed bidding procedures? |
Firm-fixed-price and sometimes economic price adjustment. |
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The process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit is called . . . |
Price Analysis |
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The contractor is required to submit certified cost and pricing data for subcontracts that . . . |
are the lower of either $12,500,000 or valued at more than both the pertinent cost or pricing threshold and more than 10% of the prime contractor's price. |
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The extent of participation of small disadvantaged business concerns in performance of the contract shall be evaluated in unrestricted acquisitions expected to exceed . . . |
$650,000 ($1.5 million for construction) |
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If defective pricing is discovered after award . . . |
the government is entitled to a price adjustment if the amount is significant. |
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Pre-award debriefings shall NOT disclose . . . |
the number of offerors. |
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Options for increased quantities of supplies/services may NOT be expressed in terms of . . . |
a RANGE of quantities for various line items. |
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Which acquisition flexibility requires an emergency declaration or designation of contingency operation? |
$10,000 micro purchase for defense against or recovery from nuclear, biological, chemical, or radiological attack |
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The CO shall set aside a portion of an acquisition, except for construction, for exclusive small business participation when . . . |
the requirement is severable into two or more economic production runs. |
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The Contract Work Hours and Safety Standards Act requires . . . |
that contractors and subcontractors on covered contracts shall pay laborers and mechanics employed in the performance of the contracts one and one-half times their basic rate of pay for all hours worked over 40 in a workweek. |
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The Walsh-Healey Public Contracts Act . . . |
applies to applicable contracts exceeding $15,000. |
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Cost Accounting Standards Board rules and regulations apply to . . . |
negotiated contracts and subcontracts. |
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The head of the agency may waive the applicability of CAS for a particular contract or subcontract when one of these conditions exist . . . |
The contract or subcontract is less than $15 million, primarily engaged in the sale of commercial items and has no contracts/subcontracts subject to CAS. |
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What is NOT true about advance agreements? |
Advance agreements may only be negotiated with a particular contractor for a SINGLE contract. |
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Does a $75,000 claim resulting from a reduction of $350,000 and an increase of $275,000 require certification? |
Yes, because the aggregate value of the claim exceeds $100,000 |
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Who can authorize continued performance in the face of a protest after award? |
The Head of the Contracting Activity. |
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The acquisition strategy tailored to a particular major system acquisition shall be developed by the . . . |
Program Manager. |
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The responsibility for selecting the appropriate type of contract for an R&D requirement belongs to the . . . |
Contracting Officer |
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Contracts to acquire information technology systems in successive, interoperable increments are known as . . . |
modular. |
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Subject to the fiscal regulations of the agencies and applicable interagency agreements, the requesting agency shall reimburse the servicing agency for rendered contract administration and audit services in accordance with the . . . |
Economy Act |
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A contract auditor is responsible for . . . |
submitting info and advice to the requesting activity on contractors' accounting records and financial and cost control system. |
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Supplemental agreements are used to . . . |
definitize letter contracts. |
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What are the types of govt property? |
government-furnished property, contractor-acquired property, property owned by or leased to the govt or acquired by the govt under the terms of the contract |
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The inclusion of a warranty in federal govt contract is . . . |
NOT REQUIRED |
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A person holding himself or herself out to the general public to provide transportation for compensation is a . . . |
Common Carrier |
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There are two types of value engineering approaches, the . . . |
incentive approach and the mandatory program. |
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A contract should not normally be terminated for convenience but should be permitted to run to completion when the price of the undelivered balance of the contract is less than . . . |
$5,000 |
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Which of the following is an example of a contract under which contractors could be authorized to use govt supply sources? |
A contract under the Javits-Wagner-O'Day Act |
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Revisions to the FAR will be prepared and issued through the coordinated action of: |
the Defense Acquisition Regulations Council and the Civilian Acquisition Council |
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The threshold for obtaining certified cost or pricing data is: |
$700,000 |
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Oral presentations by offerors may . . . |
substitute for, or augment, written information. |
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The statutory limit for experimental, developmental, or research work performed under a cost-plus-fixed-fee contract is . . . |
15% |
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A post-award debriefing should ideally occur within ____ days after receipt of the written request for a debriefing by the offeror. |
5 days |
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What is the Order of Precedence under the Uniform Contract Format? |
The Schedule - Contract Clauses - List of Documents, Exhibits, and other Attachments - Representations and Instructions |
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An offeror may request a post-award debriefing by submitting a written request for debriefing to the Contracting Officer within ______ days after receipt of a notice of contract award. |
3 days |
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Which is NOT an exception to certified cost or pricing data requirements? |
Sole Source Acquisitions greater than $700,000 |
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Service Contracts valued in excess of ____________ must contain mandatory provisions regarding minimum wage and fringe benefits, safe and sanitary working conditions, notification to employees of the minimum allowable compensation, and equivalent Federal employee classifications and wage rates. |
$2,500 |
