Practice Test Geeks(FCC) Federal Contracting Certification Practice Test
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Contract Negotiation & Award Procedures 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.

Read the first 7 Contract Negotiation & Award Procedures flashcards as text

  1. Under FAR Subpart 14.4, in sealed bidding, when must the government open bids?

    Answer: At the time and place designated in the Invitation for Bids

    FAR 14.402-1 requires public opening of bids at the exact time and place stated in the IFB to ensure transparency and fairness.

  2. What is a 'best value continuum' in federal contracting source selection?

    Answer: A range of acquisition approaches from lowest price technically acceptable to tradeoff

    The best value continuum (FAR 15.101) describes a spectrum of source selection approaches, with LPTA at one end and tradeoff processes at the other.

  3. Under the Lowest Price Technically Acceptable (LPTA) source selection process, what happens if the lowest-priced offeror is technically unacceptable?

    Answer: The government awards to the next lowest-priced technically acceptable offeror

    Under LPTA, award goes to the lowest-priced offeror whose proposal meets all technical requirements — the next compliant offeror wins if the lowest is unacceptable.

  4. Which FAR provision governs the requirement to conduct a cost or price analysis before awarding a contract?

    Answer: FAR 15.404

    FAR 15.404 establishes the requirement for contracting officers to perform price or cost analysis to determine fair and reasonable pricing.

  5. What is a 'deficiency' in a proposal as defined under FAR 15.001?

    Answer: A material failure to meet a government requirement or a combination of significant weaknesses that increases performance risk

    FAR 15.001 defines a deficiency as a material failure to meet a government requirement or a combination of significant weaknesses that increases the risk of unsuccessful performance.

  6. When is award without discussions permitted under FAR 15.306(a)?

    Answer: When the solicitation states that award may be made without discussions and the initial proposals are acceptable

    FAR 15.306(a)(2) allows award on initial proposals when the solicitation notified offerors that discussions might not be held and the proposals are acceptable as submitted.

  7. What is the primary legal basis for requiring offerors to certify the accuracy of cost or pricing data?

    Answer: Truth in Negotiations Act (TINA) / 10 U.S.C. 3702

    TINA (codified at 10 U.S.C. 3702 and 41 U.S.C. 3502) requires contractors to certify that cost or pricing data submitted to the government is accurate, complete, and current.