CFCM Contract Formation 2

Question 1

Under FAR Part 13, what is the simplified acquisition threshold (SAT) as of the standard statutory limit?

Accepted Answer

$150,000

Answer

The simplified acquisition threshold is generally $150,000 under FAR 2.101, below which simplified acquisition procedures may be used.

Question 2

A contracting officer discovers that a contractor submitted a bid with a material mistake after award. Which FAR subpart governs mistake in bid procedures?

Accepted Answer

FAR Subpart 14.5

Answer

FAR Subpart 14.5 covers mistakes in bids, including procedures for correcting or withdrawing bids before and after award.

Question 3

What is the primary purpose of a Justification and Approval (J&A) document in federal contracting?

Accepted Answer

To authorize use of other than full and open competition

Answer

A J&A is required under FAR 6.303 to document and justify the use of other than full and open competition for a contract action.

Question 4

Which type of contract formation method requires a contracting officer to evaluate proposals and conduct discussions before award?

Accepted Answer

Competitive proposals (negotiated acquisition)

Answer

Negotiated acquisition via competitive proposals (FAR Part 15) permits discussions with offerors before source selection and award.

Question 5

A contractor's proposal states it will remain valid for 60 days, but the government needs 90 days to complete evaluation. What must the government do?

Accepted Answer

Request an extension of the proposal validity period

Answer

The government must request offerors to extend their proposals if evaluation will exceed the original validity period; offerors may decline.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Contract Formation 2