CFCM Contract Administration & Performance Management 3

Question 1

Under FAR Subpart 42.7, which party is responsible for performing contract audits on cost-type contracts?

Accepted Answer

The Defense Contract Audit Agency (DCAA)

Answer

DCAA is the primary audit agency responsible for auditing contractor accounting systems, incurred costs, and proposals on cost-type contracts.

Question 2

What happens to the government's rights when a contractor delivers nonconforming supplies and the government accepts them without noting the defect?

Accepted Answer

The government may still recover damages for latent defects discovered later

Answer

Acceptance of nonconforming supplies does not waive the government's right to seek damages for latent (hidden) defects discovered after acceptance.

Question 3

A fixed-price contract includes FAR 52.211-18 (Variation in Estimated Quantity). The actual quantity delivered is 15% above the estimated quantity. What is the price adjustment?

Accepted Answer

The excess quantity is priced at the original unit price

Answer

FAR 52.211-18 provides that quantities outside the variation range trigger a unit price adjustment, but within the standard ±10% variation, the original unit price applies.

Question 4

Which performance metric type measures the ratio of earned value to actual costs incurred on a contract?

Accepted Answer

Cost Performance Index (CPI)

Answer

The Cost Performance Index (CPI) = Earned Value ÷ Actual Cost, measuring cost efficiency of work performed.

Question 5

Under FAR 52.246-2, Inspection of Supplies — Fixed-Price, when must the government perform final inspection and acceptance?

Accepted Answer

At destination unless the contract specifies otherwise

Answer

FAR 52.246-2 establishes destination inspection/acceptance as the default unless the contract specifies inspection at origin.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Contract Administration & Performance Management 3