FREE NCMA Pre-Award & Acquisition Planning Questions and Answers

Question 1

What is the primary purpose of a Market Research Report in pre-award planning?

Accepted Answer

To inform requirements and identify potential suppliers

Answer

To finalize the contract terms

Answer

To document the procurement history

Answer

To replace the need for a solicitation

Question 2

Which FAR Part governs the acquisition planning process?

Accepted Answer

FAR Part 7

Answer

FAR Part 12

Answer

FAR Part 15

Answer

FAR Part 31

Question 3

What is a key component of an Acquisition Plan (AP)?

Accepted Answer

Strategies to promote competition

Answer

List of previous contractors

Answer

Detailed payment schedules

Answer

Contractor's organizational chart

Question 4

When is a Justification and Approval (J&A) required?

Accepted Answer

For sole-source contracts exceeding the SAT

Answer

For all contracts over $10,000

Answer

When using simplified acquisition procedures

Answer

Only for commercial item acquisitions

Question 5

What does the 'Statement of Work (SOW)' define in pre-award planning?

Accepted Answer

The government's requirements and deliverables

Answer

The contractor's profit margin

Answer

The contractor's internal policies

Answer

The payment processing timeline

Question 6

Which of the following is a goal of the pre-solicitation phase?

Accepted Answer

Refine requirements and identify potential offerors

Answer

Award the contract immediately

Answer

Finalize the contractor's team

Answer

Issue the first payment

Question 7

What is the purpose of a Source Selection Plan (SSP)?

Accepted Answer

To document the evaluation process and criteria

Answer

To list all bidders' contact information

Answer

To approve the contractor's invoices

Answer

To replace the need for a contract

Question 8

Which document is used to formally request proposals from potential contractors?

Accepted Answer

Request for Proposal (RFP)

Answer

Purchase Order (PO)

Answer

Invoice

Answer

Performance Work Statement (PWS)

Question 9

What is the threshold for the Simplified Acquisition Threshold (SAT) as of 2023?

Accepted Answer

$250,000

Answer

$100,000

Answer

$500,000

Answer

$1 million