FCC Cheat Sheet 2026

The 30 highest-yield FCC facts, distilled from real exam questions. Print it, save it as a PDF, or study it here — free, no sign-up.

1. How does contract compliance affect government procurement? → By ensuring fairness, transparency, and proper use of funds
2. Which of the following is a fundamental principle of source selection & sseb process as it applies to Federal Contracting Certification? → Systematic evaluation and adherence to established industry standards
3. Why is it important for contractors to comply with contract terms? → To ensure the project is completed as agreed and prevent legal issues
4. How should a contractor manage potential conflicts of interest? → By disclosing and recusing themselves from decisions
5. Why is timely performance reporting important in contract administration? → To identify issues early and take corrective actions
6. Why is it important to document the contract award process? → To ensure transparency and accountability
7. Under FAR Part 49, which of the following is NOT an allowable cost in a termination for convenience settlement? → Anticipated profits on the terminated portion of work
8. What is the role of ethics in federal contracting? → To ensure fairness, transparency, and legal compliance
9. If termination convenience settlement negotiations fail between the parties, how may the dispute be resolved? → The Contracting Officer may issue a unilateral determination of the settlement amount
10. Why is risk management important in federal contracting? → To identify and manage risks in the procurement process
11. A FCC professional encounters an unfamiliar situation while performing oci & procurement integrity duties. What is the most appropriate first action? → Consult relevant standards, guidelines, or a qualified supervisor before proceeding
12. What are the key steps in contract award? → Reviewing, negotiating, and finalizing the award
13. How does a contractor ensure fair pricing during negotiations? → By understanding cost structures and demonstrating value
14. Which of the following is a fundamental principle of sba 8(a), sdvosb & hubzone as it applies to Federal Contracting Certification? → Systematic evaluation and adherence to established industry standards
15. Which FAR part primarily governs all contract termination procedures, including both termination for convenience and termination for default? → FAR Part 49
16. Which FPDS-NG data element is REQUIRED to be reported for all purchase orders issued under simplified acquisition procedures? → The contracting action dollar amount and vendor DUNS/UEI number
17. How long does a contractor typically have to submit a termination settlement proposal after receiving a termination notice under FAR 49.206-1? → 1 year
18. After a termination for convenience, for how long does the government retain the right to audit the contractor's termination settlement proposal records? → 3 years after final payment
19. Which system is the primary e-commerce platform agencies use to make micro-purchases under SAP? → GSA Advantage!
20. What SBA form is used for mentor-protégé agreements to document the relationship between a large business mentor and a small business protégé? → SBA Form 1711
21. Which quality assurance method is most commonly applied in contract types: ffp, t&m, cpff to verify that FCC professional standards are being met? → Structured audits, peer reviews, and performance metrics aligned with industry benchmarks
22. Which of the following is a fundamental principle of proposal volume & evaluation criteria as it applies to Federal Contracting Certification? → Systematic evaluation and adherence to established industry standards
23. Which quality assurance method is most commonly applied in cost realism & price analysis to verify that FCC professional standards are being met? → Structured audits, peer reviews, and performance metrics aligned with industry benchmarks
24. How should contractors report non-compliance? → By reporting promptly and transparently
25. Which quality assurance method is most commonly applied in source selection & sseb process to verify that FCC professional standards are being met? → Structured audits, peer reviews, and performance metrics aligned with industry benchmarks
26. What is the primary ethical obligation of a FCC professional when a conflict of interest arises during proposal volume & evaluation criteria activities? → Disclose the conflict to all relevant parties and recuse from the decision if necessary
27. Under FAR 13.303-6, a BPA should be reviewed at least how often to ensure it still represents the best value? → Annually
28. When a contract is terminated for default, what is the contractor generally entitled to receive? → Compensation only for work completed and accepted before termination
29. What is the primary ethical obligation of a FCC professional when a conflict of interest arises during far part 15 negotiated acquisition activities? → Disclose the conflict to all relevant parties and recuse from the decision if necessary
30. Which procurement vehicle is commonly used under SAP for repetitive purchases of supplies and services from a single source? → Blanket Purchase Agreement (BPA)