CFCM Contract Planning & Formation 2

Question 1

Under FAR Part 6, which authority allows an agency to limit competition to a single source when only one responsible source can satisfy agency needs?

Accepted Answer

FAR 6.302-1

Answer

FAR 6.302-1 authorizes other-than-full-and-open competition when only one responsible source exists and no other supplies or services will satisfy agency requirements.

Question 2

A Justification and Approval (J&A) for other than full and open competition above $750,000 but not exceeding $15 million must be approved by whom?

Accepted Answer

Head of the Contracting Activity

Answer

FAR 6.304(a)(2) requires J&As exceeding $750,000 but not exceeding $15 million to be approved by the Head of the Contracting Activity (HCA).

Question 3

The Market Research reporting requirement under FAR 10.002 is triggered when the acquisition exceeds what simplified acquisition threshold for supplies and services?

Accepted Answer

$25,000

Answer

FAR 10.002(b)(1) requires agencies to perform market research for acquisitions exceeding the micro-purchase threshold ($10,000) but the documentation requirement specifically applies above $25,000 per FAR 10.002(e).

Question 4

Which acquisition planning document establishes the overall strategy and timeline for procuring a major system and must be updated at each acquisition milestone?

Accepted Answer

Acquisition Plan

Answer

The Acquisition Plan (AP) required by FAR 7.1 documents the overall strategy, milestones, and method of procurement and must be updated at significant decision points.

Question 5

When using Lowest Price Technically Acceptable (LPTA) source selection, the government evaluates offerors by:

Accepted Answer

Awarding to the lowest priced offeror that meets all technical requirements

Answer

Under LPTA, award goes to the lowest priced offeror whose proposal meets or exceeds all stated technical acceptability standards without a tradeoff.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Contract Planning & Formation 2