CFCM Source Selection 4

Question 1

What is a 'significant weakness' in proposal evaluation under FAR 15.001?

Accepted Answer

A flaw that appreciably increases the risk of unsuccessful contract performance

Answer

FAR 15.001 defines a significant weakness as a flaw that appreciably increases the risk of unsuccessful contract performance.

Question 2

When conducting price analysis in a source selection, which technique compares offered prices to prices previously paid by the government for the same or similar items?

Accepted Answer

Comparison of prior prices paid

Answer

FAR 15.404-1(b)(2)(ii) identifies comparison with prior prices paid as a price analysis technique for determining fair and reasonable price.

Question 3

A contracting officer must perform a price realism analysis when:

Accepted Answer

A fixed-price contract is awarded and the solicitation requires it, or when unusually low prices could signal risk

Answer

Price realism analysis on fixed-price contracts is discretionary but required when the solicitation specifies it, typically to identify unrealistically low prices that indicate risk.

Question 4

Which of the following is NOT a permitted evaluation factor under FAR 15.304?

Accepted Answer

The offeror's headquarters location

Answer

Geographic preference is prohibited by law and regulation; evaluation factors must relate to the requirement and discriminate among competing offers based on merit.

Question 5

What is the purpose of a 'pre-solicitation notice' in the source selection process?

Accepted Answer

To publicize an upcoming procurement so potential offerors can prepare and the government can conduct market research

Answer

Pre-solicitation notices posted on SAM.gov inform industry of upcoming requirements, enabling market research and giving potential offerors time to form teams and prepare.

(CFCM) Certified Federal Contracts Manager Practice Test

(CFCM) Certified Federal Contracts Manager Practice Test

CFCM Source Selection 4