Fac-C Exam Prep Part 3

Front 1

small business subcontracting plan info can be found jn

Back 1

FAR 19.707a

Front 2

What is SBA authorized to do?

Back 2

SBA assists with counseling and advising small business

Front 3

Each RFB or IFB shall require the apparently successful offeror or bidder selected for award to submit an acceptable subcontracting plan if the contract is ______

Back 3

Over 750k and contract has sub Trin for capabilities

Front 4

If the contractor doesn’t have an approved purchasing system consent to subcontract applies to:

Back 4

Letter contracts

Time and material contracts

Cost-reimbursement contracts

Front 5

A CO may close out a contract when there is

Back 5

Evidence of physical completion

Front 6

I’m what length should a contract utilizing a contract utilizing SAP be closed following physical completion and payment?

Back 6

Immediately

Front 7

How long should the CO retain contract files?

Back 7

3 years (FAR 4.703)

Front 8

In what length of time should contracts requiring settlement of rates be closed?

Back 8

36 months

Front 9

Of what length if then should a firm-fixed price contract be closed out following physical completion?

Back 9

6 months

Front 10

Contract close out checklist form

Back 10

DD 1597

Front 11

What is a DDFORM 1584

Back 11

I’m accordance with dod the co administering the contract must ensure a DD form 1594, contract completion statement is prepared?

Front 12

How long are agencies required to hold contract files in the office responsible for maintaining them?

Back 12

12 months

Front 13

What allows a system to initiate and execute the close out action?

Back 13

Automated closeout

Front 14

When the CO responsible for contract closeout negotiates the closeout statement, what is this referred to?

Back 14

Quick closeout

Front 15

Which statement is true when the total contract value does not exceed $500,000?

Back 15

This qualified for automated closeout

Front 16

Whcih statement is true when the total unsettled direct and indirect costs to be allocated is less than $2 milllion?

Back 16

This qualifies for quick closeout

Front 17

Which of the following info should the contractor provide with the notification and supporting data required when requesting to consent to subcontract?

Back 17

A description of the supplies or services to be subcontracted, the proposed subcontract price, and the type of subcontract to be used

Front 18

What must the CO do when the contractor fails to make a good faith effort to comply with the small business subcontracting plan?

Back 18

Assess liquidated damages

Front 19

Which of the following negotiated contracts require a subcontracting plan?

Back 19

Contracts with large businesses exceed $750,000

Front 20

When contract performance is complete, what must the admin contract closeout procedures ensure?

Back 20

Contract audit is complete, contractors closeout is complete, and disposition of classified material is completed.

Front 21

Your contractor will not complete and submit a release of claims to the government. The contract is a construction contract. What can the government do?

Back 21

Hold the final payment

Front 22

Closeout procedure for completed contracts must ensure all of the following:

Back 22

Contract audit is complete, contractors closing statement is complete, and disposition of classfied material is complete

Front 23

What is a step in conducting a funds status review?

Back 23

Issue a contract mod to deobligate excess funds

Front 24

Contract closeout scan be delayed for what reason?

Back 24

The contractor has not delivered everything the contract required and the gov has not paid the contractor in full

Front 25

What statement is accurate regarding manual contract closeout?

Back 25

Upon receiving notice of a physical completion of the contact, a review begins of the contract requirements and funds status.

Front 26

What is required to closeout a firm-fixed price contract?

Back 26

Ensure the prime contract has closed all subcontracts

Front 27

A signed copy of what form can be used to document status in the disposition of a classified contract?

Back 27

Dd form 1597

Front 28

What is the DCMA’s role during contract closeout?

Back 28

making final indirect cost rate determinations and generate property clearance

Front 29

What governs gov property disposal policies?

Back 29

DoD Instructiob 4161.02

Front 30

What is implemented and sent to EDI to report contract closeout in FPDS-NG?

Back 30

EDI 567c or a contract mod marked closeout

Front 31

If the contractor doesn’t have an approved purchasing system and the contract is a cost-reimbursement, consent to subcontract is required. True or false

Back 31

True

Front 32

What is section L of the UCF?

Back 32

.

Front 33

What is the purpose of proposal analysis?

Back 33

To ensure the price is fair and reasonable

Front 34

Which acquisition situation would warrant an exception to the requirement for certified cost or pricing data?

Back 34

Commercial item acquisition

Front 35

Which statement is accurate regarding pre negotiation objectives?

Back 35

Establish the government’s initial negotiation position.

Front 36

In the FAR, discussions is synonymous with negotiations. True or false

Back 36

True

Front 37

Does the government’s policy to require prime contractors to incorporate, to the maximum extent possible, commercial items or nondevelopment items as components of items supplied to the agency, apply to all subcontract lot at all levels?

Back 37

Yes

Front 38

Change orders issued under the changes clause of the contract use which form?

Back 38

SF30

Front 39

Which of the following mods must be issued bilaterally?

Back 39

Making a negotiated equitable adjustment caused by a change order

Front 40

When shall the CO’s negotiate equitable adjustments resulting from the change order?

Back 40

Within the shortest practicable time

Front 41

You’ve received a claim on your contract. The contractor is required to certify claims above what amount?

Back 41

$100,000

Front 42

Contract files using SAP should be considered closed when the CO receives evidence of two things: receipt of property and service and ________?

Back 42

Final payment

Front 43

A contract is considered physically complete when the contractor has completed all the required deliveries and ______?

Back 43

The government has accepted all the items

Front 44

Cost-reimbursement types of contracts require the contractor to put forth a best effort to perform, and provide for payment if the contractor&: allowable, allocable, and reasonable incurred costs.

True or false:

Back 44

True