Government Procurement Contract Management & Negotiation Flashcards
7 cards from real Government Procurement Certification practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.
Read the first 7 Government Procurement Contract Management & Negotiation flashcards as text
Under FAR Part 43, what is the primary purpose of a Contract Modification?
Answer: To document any change to a contract's terms, conditions, or price
FAR Part 43 governs contract modifications, which document changes to existing contract terms, conditions, scope, or price.
What distinguishes a bilateral contract modification from a unilateral modification?
Answer: Bilateral modifications are signed by both parties; unilateral are signed only by the contracting officer
A bilateral modification (supplemental agreement) is signed by both the contractor and contracting officer, while a unilateral modification is signed only by the contracting officer.
A contractor submits a claim for $150,000 under the Contract Disputes Act. Within how many days must the contracting officer issue a final decision?
Answer: 60 days or a date established by the CO if more time is needed
Under the Contract Disputes Act (41 U.S.C. § 7103), the CO must issue a final decision within 60 days or notify the contractor of the expected decision date if more time is needed.
Which of the following best describes the 'Changes' clause in a government contract?
Answer: It permits the contracting officer to order changes within the general scope of the contract
The Changes clause (FAR 52.243-1) allows the contracting officer to unilaterally order changes within the general scope of the contract, with equitable adjustment provisions for the contractor.
In government contract negotiation, what is the purpose of establishing a Pre-Negotiation Objective (PNO)?
Answer: To document the government's negotiation goals and price objectives before negotiations begin
A Pre-Negotiation Objective memo documents the CO's price objectives and negotiation strategy before discussions begin, ensuring a structured and defensible negotiation approach.
Which contract type places the MOST financial risk on the contractor?
Answer: Firm-Fixed-Price (FFP)
Under a Firm-Fixed-Price contract, the contractor assumes all cost risk because the price is set regardless of actual costs incurred.
What is the significance of the 'Limitation of Funds' clause in cost-reimbursement contracts?
Answer: It requires contractor notification when 75% of obligated funds are expended
The Limitation of Funds clause (FAR 52.232-22) requires the contractor to notify the CO when it expects to exceed 75% of the obligated funds within 60 days.