CFCM Contract Formation 3

Question 1

Which FAR provision requires contractors to represent their small business status at the time of offer?

Accepted Answer

FAR 52.219-1

Answer

FAR 52.219-1, Small Business Program Representations, requires offerors to represent their size status when submitting offers for set-aside contracts.

Question 2

In a two-step sealed bidding process, what happens in Step 1?

Accepted Answer

Technical proposals are submitted and evaluated without prices

Answer

In Step 1 of two-step sealed bidding (FAR 14.5), unpriced technical proposals are submitted and evaluated for technical acceptability before Step 2 price bids are solicited.

Question 3

A contracting officer wants to use an indefinite-delivery indefinite-quantity (IDIQ) contract. What is the minimum guaranteed amount the government must obligate?

Accepted Answer

A guaranteed minimum quantity or dollar amount

Answer

FAR 16.504(a) requires IDIQ contracts to include a minimum quantity or dollar amount that the government is obligated to order to provide consideration.

Question 4

Under FAR Part 15, what is the significance of the 'competitive range' determination?

Accepted Answer

It identifies offerors whose proposals are most highly rated and with whom discussions will be conducted

Answer

The competitive range under FAR 15.306(c) consists of the most highly rated proposals with which the contracting officer intends to conduct discussions.

Question 5

What distinguishes an 'offer' from an 'invitation to deal' in federal contract formation?

Accepted Answer

An offer creates the power of acceptance, while an invitation to deal invites submission of offers

Answer

A government solicitation (RFP, IFB) is generally an invitation to deal, while contractor proposals/bids constitute offers that the government may accept.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Contract Formation 3