FCC Federal Acquisition Regulations & Policies 3

Question 1

A contracting officer determines that a contractor's proposed price is unreasonably high. Under FAR 15.405, what is the CO's next step?

Accepted Answer

Document the finding and negotiate to reach a fair and reasonable price

Answer

FAR 15.405 directs the CO to document the basis for the price-unreasonableness determination and negotiate a fair and reasonable price before awarding the contract.

Question 2

Which type of contract places the most cost risk on the contractor?

Accepted Answer

Firm-Fixed-Price (FFP)

Answer

A Firm-Fixed-Price contract requires the contractor to perform at the agreed price regardless of actual costs, placing maximum risk on the contractor.

Question 3

Under FAR Part 9, a contractor that has been debarred is excluded from receiving federal contracts for a period not to exceed:

Accepted Answer

3 years

Answer

FAR 9.406-4 states that a period of debarment generally should not exceed three years, though longer periods are permitted in certain circumstances.

Question 4

What FAR subpart requires contracting officers to conduct market research before developing requirements or acquiring supplies and services?

Accepted Answer

FAR Subpart 10.001

Answer

FAR Subpart 10.001 establishes the policy that agencies must conduct market research appropriate to the circumstances before developing new requirements or acquiring supplies and services.

Question 5

Which of the following is a correct description of an Indefinite-Delivery, Indefinite-Quantity (IDIQ) contract?

Accepted Answer

It provides for an indefinite quantity of supplies or services within a stated range of minimum and maximum quantities during a fixed period

Answer

FAR 16.504 defines an IDIQ contract as one that provides for an indefinite quantity within stated limits during a fixed period, with orders placed for individual requirements.

(FCC) Federal Contracting Certification Practice Test

(FCC) Federal Contracting Certification Practice Test

FCC Federal Acquisition Regulations & Policies 3