FAC Risk & Compliance 3

Question 1

Which FAR provision requires offerors to represent that they have implemented a written subcontracting plan for contracts expected to exceed $750,000?

Accepted Answer

FAR 52.219-9

Answer

FAR 52.219-9 (Small Business Subcontracting Plan) requires large business offerors to submit subcontracting plans when contracts exceed $750,000.

Question 2

When performing a risk assessment for a source selection, a contracting officer should assess which combination of risk factors?

Accepted Answer

Cost, schedule, and performance risk

Answer

FAR source selection risk assessments focus on cost, schedule, and performance risks associated with a contractor's proposed approach.

Question 3

An agency discovers that a contractor used counterfeit electronic parts in a defense system. Which law primarily addresses this compliance violation?

Accepted Answer

DFARS 252.246-7007 (Contractor Counterfeit Electronic Part Detection and Avoidance System)

Answer

DFARS 252.246-7007 requires contractors to establish systems to detect and avoid counterfeit electronic parts in defense acquisitions.

Question 4

What is the compliance significance of the Organizational Conflicts of Interest (OCI) rules in FAR Subpart 9.5?

Accepted Answer

They prevent situations where a contractor's objectivity may be impaired or it gains an unfair competitive advantage

Answer

OCI rules in FAR Subpart 9.5 identify and mitigate situations where contractors may be unable to render impartial assistance or gain unfair competitive advantages.

Question 5

A contractor repeatedly fails to meet delivery schedules. The contracting officer issues a cure notice. How long does the contractor typically have to cure the deficiency before the CO may terminate for default?

Accepted Answer

10 days

Answer

FAR 49.607 specifies that a cure notice gives the contractor 10 days to cure a condition endangering performance before termination for default.

(FAC) Federal Acquisition Certification Practice Test

(FAC) Federal Acquisition Certification Practice Test

FAC Risk & Compliance 3