CFCM Contract Administration & Performance Management 4

Question 1

Which FAR clause requires contractors to maintain adequate accounting systems capable of segregating direct and indirect costs?

Accepted Answer

FAR 52.216-7 Allowable Cost and Payment

Answer

FAR 52.216-7 (Allowable Cost and Payment) requires contractors to maintain an accounting system that properly segregates costs by contract for cost-reimbursement contracts.

Question 2

A contractor claims a constructive change occurred because the government inspector required a higher standard than the contract specified. Which element does NOT need to be proven for a constructive change claim?

Accepted Answer

The contracting officer issued a written change order

Answer

A constructive change claim does not require a written change order — it arises from informal government actions that effectively change contract requirements without formal direction.

Question 3

Under FAR 42.1502, what is the minimum dollar threshold for which agencies are required to prepare past performance evaluations?

Accepted Answer

$250,000

Answer

FAR 42.1502 requires agencies to prepare past performance evaluations for contracts exceeding $250,000 in value.

Question 4

What is the key distinction between a 'claim' and a 'Request for Equitable Adjustment (REA)' under the Contract Disputes Act?

Accepted Answer

Claims are formal written demands for final decision; REAs are informal requests to negotiate

Answer

An REA is an informal negotiation request, while a claim is a formal written demand requiring a Contracting Officer's Final Decision and triggering CDA rights.

Question 5

Under Earned Value Management (EVM), what does a negative Schedule Variance (SV) indicate?

Accepted Answer

The project is behind schedule

Answer

Schedule Variance (SV) = Earned Value − Planned Value; a negative SV means less work was accomplished than planned, indicating the project is behind schedule.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Contract Administration & Performance Management 4