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
Which document formally authorizes the beginning of a procurement process in a government contracting environment?
Answer: Solicitation Document
A solicitation document (such as an RFP or IFB) formally initiates the procurement process by inviting vendors to submit offers.
What is the primary purpose of a Statement of Work (SOW) in a government contract?
Answer: Specify deliverables, tasks, and performance standards
The SOW defines the specific work requirements, deliverables, and performance standards the contractor must meet.
Which contract type places the most cost risk on the government?
Answer: Cost-Plus-Fixed-Fee (CPFF)
Cost-Plus-Fixed-Fee contracts reimburse all allowable costs plus a fixed fee, placing maximum cost risk on the government.
What does 'best value' mean in the context of federal source selection?
Answer: Evaluating price and non-price factors together to determine the most advantageous offer
Best value source selection weighs both price and non-price factors (such as technical merit and past performance) to identify the most advantageous proposal.
A Contract Modification (Mod) that is within the original scope of the contract is called a:
Answer: Unilateral Modification
A unilateral modification is issued by the contracting officer alone and is used for changes within the contract's original scope.
Which FAR clause governs the government's right to inspect and accept contractor deliverables?
Answer: FAR 52.246-1 through 52.246-26
FAR Part 46 clauses (52.246 series) govern inspection and acceptance rights, quality assurance, and warranty requirements.