CPCM Contract Performance and Administration 2

Question 1

What is the primary purpose of a Contractor Performance Assessment Reporting System (CPARS) evaluation?

Accepted Answer

To document contractor past performance for future source selections

Answer

To award contract modifications

Answer

To calculate the contractor's profit on a cost-type contract

Answer

To satisfy small business subcontracting plan requirements

Question 2

A cure notice is issued to a contractor when:

Accepted Answer

The contractor's failure to perform endangers timely contract completion

Answer

The government anticipates a schedule delay of more than 10 days

Answer

The contractor submits an unsatisfactory CPARS rebuttal

Answer

The government decides to exercise a contract option

Question 3

What distinguishes a 'show cause' notice from a 'cure notice'?

Accepted Answer

A show cause notice is issued when the contractor has already failed to meet a delivery date and default termination is being considered

Answer

A show cause notice is issued before a cure notice

Answer

A show cause notice provides 30 days to respond rather than 10

Answer

A show cause notice is only used on cost-type contracts

Question 4

Which of the following is an example of government-furnished equipment (GFE) risk in contract administration?

Accepted Answer

Government delays delivery of GFE causing contractor schedule slippage

Answer

Contractor fails to obtain required bonding

Answer

Contractor submits a late invoice

Answer

Contractor exceeds the contract ceiling on a cost-type contract

Question 5

Under FAR 52.246, a first-article test (FAT) is designed to:

Accepted Answer

Verify that the contractor can produce items meeting contract requirements before full production begins

Answer

Establish the final contract price after production

Answer

Replace the need for progress payment audits

Answer

Demonstrate contractor financial responsibility

Question 6

Which metric measures the cost efficiency of work performed in Earned Value Management?

Accepted Answer

Cost Performance Index (CPI)

Answer

Schedule Performance Index (SPI)

Answer

Budget at Completion (BAC)

Answer

Variance at Completion (VAC)