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Contract Administration & Compliance Flashcards

7 cards from real FCC practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

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  1. Under FAR 42.302, which office is primarily responsible for contract administration after award?

    Answer: The administrative contracting officer (ACO)

    The administrative contracting officer (ACO) assumes post-award administration responsibilities as delegated under FAR 42.302.

  2. A contractor submits an invoice but the COR disputes the percentage of work completed. Under the Prompt Payment Act, what is the maximum number of days the government has to pay a proper invoice?

    Answer: 30 days

    The Prompt Payment Act generally requires the government to pay proper invoices within 30 days of receipt or acceptance, whichever is later.

  3. Which clause requires contractors to maintain records sufficient to reflect all costs claimed under a government contract for a specified period after final payment?

    Answer: FAR 52.215-2 (Audit and Records—Negotiation)

    FAR 52.215-2 mandates that contractors retain cost records for audit purposes for a defined period, typically three years after final payment.

  4. When a contractor discovers a potential overpayment on a cost-reimbursement contract, what is the correct immediate action?

    Answer: Notify the contracting officer and refund or credit the overpayment

    Contractors must promptly disclose and return or credit overpayments to avoid False Claims Act exposure.

  5. What is the purpose of a contract performance assessment report (CPARS) in federal contracting?

    Answer: To document contractor past performance for use in future source selections

    CPARS entries document contractor past performance and feed into the government-wide PPIRS database, influencing future award decisions.

  6. A subcontractor on a federal construction project is not paying workers the required Davis-Bacon wages. Who bears primary responsibility to the government for this violation?

    Answer: The prime contractor

    The prime contractor is responsible to the government for ensuring that all subcontractors comply with Davis-Bacon wage requirements flowed down in the contract.

  7. Under FAR Part 49, if the government terminates a firm-fixed-price contract for convenience, what costs may the contractor generally recover?

    Answer: Allowable costs incurred plus a reasonable profit on work performed

    A termination for convenience settlement includes allowable costs incurred, a reasonable profit on work performed, and settlement expenses.