CFCM Federal Acquisition Regulations & Legal Framework 2

Question 1

Under FAR 1.602-1, which official has the authority to enter into, administer, and terminate contracts on behalf of the government?

Accepted Answer

Contracting Officer

Answer

Only Contracting Officers, appointed by warrant, have the legal authority to bind the government to a contract.

Question 2

FAR Part 9 addresses contractor qualifications. Which action must a Contracting Officer take before awarding a contract to a vendor listed on the SAM.gov exclusions?

Accepted Answer

Not award the contract

Answer

FAR 9.405 prohibits awarding contracts to debarred or suspended contractors listed on the SAM.gov exclusions without exception.

Question 3

The Competition in Contracting Act (CICA) of 1984 primarily requires agencies to:

Accepted Answer

Obtain full and open competition when acquiring supplies and services

Answer

CICA mandates full and open competition in federal procurements unless a specific exception applies.

Question 4

A contractor submits a claim exceeding $100,000 under the Contract Disputes Act. What certification requirement applies?

Accepted Answer

The contractor must certify the claim is made in good faith and the amount is accurate

Answer

FAR 33.207 requires contractor certification for claims exceeding $100,000, attesting to good faith and accuracy.

Question 5

Which FAR part establishes the rules for socioeconomic programs including small business set-asides?

Accepted Answer

FAR Part 19

Answer

FAR Part 19 implements the Small Business Act and governs set-asides, certificates of competency, and small business programs.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Federal Acquisition Regulations & Legal Framework 2