VIP Exclusive
FAR Certified Cost or Pricing Data Specialist VIP Exam
FAR — This exam mirrors the knowledge domain tested by federal acquisition professionals under FAR Part 15 (Contracting by Negotiation), the Truth in Negotiations Act (TINA, 10 U.S.C. § 3702 / 41 U.S.C. § 3501), and related DCAA/DCMA cost or pricing data guidance; no single universal 'Certified Cost or Pricing Data Specialist' credential exam exists — this is an original comprehensive practice set aligned to the FAR 15.4 pricing subpart, CAS requirements, and NCMA/DAU competency frameworks used by DoD and civilian agency contracting officers.
30
Questions
90m
Time Limit
75.00%
To Pass
Question 1 of 30👑 VIP
A contracting officer is negotiating a cost-reimbursement contract expected to be awarded at $3.5 million. The contractor claims that because a significant portion of the work will be subcontracted to vendors who compete vigorously in the commercial marketplace, certified cost or pricing data should not be required. Which statement BEST describes the contracting officer's obligation under FAR 15.403?
Questions 2–30 and full explanations are VIP-exclusive.