FCC Contract Administration & Compliance 2

Question 1

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

Accepted Answer

The administrative contracting officer (ACO)

Answer

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

Question 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?

Accepted Answer

30 days

Answer

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

Question 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?

Accepted Answer

FAR 52.215-2 (Audit and Records—Negotiation)

Answer

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

Question 4

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

Accepted Answer

Notify the contracting officer and refund or credit the overpayment

Answer

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

Question 5

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

Accepted Answer

To document contractor past performance for use in future source selections

Answer

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

(FCC) Federal Contracting Certification Practice Test

(FCC) Federal Contracting Certification Practice Test

FCC Contract Administration & Compliance 2