Practice Test GeeksGCP Test Practice Test
← All GCP Flashcard Decks

GCP Contract Administration & Procurement Flashcards

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

Read the first 6 GCP Contract Administration & Procurement flashcards as text

  1. What is the Simplified Acquisition Threshold (SAT) as established under the FAR?

    Answer: $250,000

    The Simplified Acquisition Threshold is $250,000, below which agencies may use simplified acquisition procedures.

  2. In contract administration, what is a Cure Notice used for?

    Answer: To notify a contractor of a deficiency and provide time to correct it before termination

    A Cure Notice gives the contractor a specified period (usually 10 days) to cure a contract deficiency before the government may terminate for default.

  3. Which of the following best describes 'privity of contract'?

    Answer: The direct legal relationship between the government and the prime contractor only

    Privity of contract means the legal relationship exists only between the two contracting parties — the government has no direct legal relationship with subcontractors.

  4. What is the purpose of a Past Performance Information Retrieval System (PPIRS) or its successor CPARS?

    Answer: Recording and retrieving contractor performance evaluations for use in source selection

    CPARS (Contractor Performance Assessment Reporting System) records past performance evaluations that are used to assess contractors in future source selections.

  5. An Indefinite Delivery Indefinite Quantity (IDIQ) contract requires the government to order at least:

    Answer: The guaranteed minimum quantity stated in the contract

    IDIQ contracts require the government to order at least the guaranteed minimum quantity, which gives the contractor certainty of some business.

  6. Which of the following is a key responsibility of a Contracting Officer's Representative (COR)?

    Answer: Monitoring contractor technical performance and reporting to the contracting officer

    CORs monitor contractor technical performance and provide technical advice to the contracting officer, but they cannot sign modifications or obligate funds.