COR Federal Acquisition Regulations 3 — Questions and Answers
Question 1: Under FAR Subpart 4.7, what is the required retention period for contract files after final payment?
- 3 years
- 6 years and 3 months (Correct answer)
- 10 years
- Indefinitely
Correct answer: 6 years and 3 months
FAR 4.703 generally requires retention of contractor records for 6 years and 3 months after final payment for most contracts.
Question 2: The Anti-Deficiency Act prohibits federal agencies from doing which of the following?
- Using multiple award contracts
- Obligating funds in excess of appropriations (Correct answer)
- Awarding contracts to small businesses
- Conducting sole-source acquisitions
Correct answer: Obligating funds in excess of appropriations
The Anti-Deficiency Act prohibits agencies from obligating or expending funds beyond what has been appropriated by Congress.
Question 3: Which FAR clause gives the government the right to terminate a contract for its convenience?
- FAR 52.249-1 (Correct answer)
- FAR 52.233-1
- FAR 52.243-1
- FAR 52.222-1
Correct answer: FAR 52.249-1
FAR 52.249-1 (and related clauses in FAR 52.249 series) provides the government's right to terminate for convenience.
Question 4: A COR is reviewing a contractor's invoice. Under the Prompt Payment Act, when must the government pay a proper invoice?
- Within 15 days
- Within 30 days (Correct answer)
- Within 45 days
- Within 60 days
Correct answer: Within 30 days
The Prompt Payment Act requires the government to pay proper invoices within 30 days or pay interest penalties.
Question 5: Which of the following best describes an 'undefinitized contract action' (UCA)?
- A contract awarded without competition
- A contract where work begins before final price is agreed upon (Correct answer)
- A contract with no scope of work defined
- A contract that has been terminated for convenience
Correct answer: A contract where work begins before final price is agreed upon
A UCA (also called a letter contract) allows work to begin while price and other terms are still being negotiated.
Question 6: Under FAR Part 9, which type of debarment action requires the contractor to be given notice and opportunity to respond?
- Proposed debarment
- Suspension
- Both proposed debarment and suspension (Correct answer)
- Neither, as both are administrative actions
Correct answer: Both proposed debarment and suspension
FAR 9.406 and 9.407 both require that the contractor receive notice and an opportunity to respond to proposed debarment and suspension.
Question 7: A contractor requests a change to the contract delivery schedule citing excusable delay. Under FAR 52.249-14, which of the following qualifies as an excusable delay?
- Subcontractor financial difficulties
- Acts of God or natural disasters (Correct answer)
- Labor cost overruns
- Poor project management
Correct answer: Acts of God or natural disasters
FAR 52.249-14 identifies excusable delays as those beyond the contractor's control, such as acts of God, acts of government, fires, floods, and epidemics.
COR Federal Acquisition Regulations 3
Under FAR Subpart 4.7, what is the required retention period for contract files after final payment?