Certified Federal Contracts Manager Quiz! Trivia

An unauthorized commitment may be ratified as long as funds are available

The contracting officer is the ratification approval authority for actions up to $ 2,500.00

Agencies should take positive action to preclude the need for ratification actions

Proper delegation of micro-purchase authority eradicates any need for ratification procedures

Ratification

Determination and Findings

Contracting Officer's Final Decision

Waiver

Combining

Consolidating

Bundling

Mixing

They discourage competition

Such arrangements may lead to attempted or actual exercise of improper influence

They result in excessive overhead costs

Accountability of costs is difficult to track

Time permits the solicitation,submission, and evaluation of sealed bids

Award will be made on the basis of price and other price related factors

It is necessary to conduct discussions

The resulting contract will be with a small business

Competition Advocate

Head of the Contracting Activity

Small Business Office

Contract Administrator

Research and Development

Products requiring qualification before award

Commercial Items

Non-commercial items being manufactured for the first time

When it is possible to estimate accurately the extent or duration of the work

When the specifications/work statement is clearly defined

When uncertainties involved in contractor performance do not permit costs to be estimated

When the exact times and/or quantities of future deliveries are not known at time of award

If detailed government specifications exist

A fair and reasonable price

The Government's requirements

The extent to which commercial items or nondevelopmental items could satisfy the need

$1,000,000

$100,000

$5,000,000

$3,000,000

Is not required to establish price reasonableness

Can accept the commercial standard for price reasonableness

Must establish price reasonableness in accordance with 13.106-3, 14.408-2 or Subpart 15.4 applicable

Must establish price reasonableness in accordance with commercial practices

Have past performance records that show them to be unreliable

Bid only on purchases over the simplified acquisition threshold

Have provided few purchases at or below the simplified acquisition threshold

Offer quality supplies or services at consistently lower prices that their competitors

A purchase requisition is required to establish one

Use of a BPA exempts an agency from the responsibility for keeping obligations and expenditures within available funds

They may be established with more than one supplier

They may be established even if there is an existing requirements contract for the same supply or service

Repairs to equipment requiring disassembly to determine the nature and extent of repairs

Commercial or nondevelopmental items

Urgently needed supplies available through multiple sources

Routine items for stock

Answering industry's questions

Amending an ambiguous IFB

Explaining requirements

Conducting market research

A US Post Office proof of mailing receipt

Other documentary evidence maintained by the contractor

Oral testimony or statements by the bidder's personnel

Time/date stamp of that installation on the bid wrapper

Cost-Plus-Fixed Ree

Firm-Fixed Price and sometimes fixed-price with economic price adjustment

Any type within the family of Fixed Price contract types

Firm-Fixed-price only

Responses to RFIs are not offers and may not be accepted by the Government to form a binding contract

Responses to RFIs may be accepted by the Government to form a binding contract

RFIs are used when the Government desires market information and intends to award a contract immediately

Use of RFIs is limited to purchases not exceeding the simplified acquisition threshold

Verification

Clarification

Discussion

Remuneration

Does not constitute a representation as to the accuracy of the contractor's judgment on the estimate of future costs or projections

Is required upon exercise of an option at the price established at contract award, regardless of dollar value

Is required for proposals in support of interim billing price adjustments valued in excess of $500,000

Is no longer required

In response to Broad Agency Announcements

Through participation in Small Business Innovation Research Programs

In response to Program Research and Development Announcements

Unsolicited proposals

Each contractor and subcontractor to furnish a weekly statement of compliance with respect to the wages paid each employee during the preceding week

Makes it unlawful to induce any person employed in the construction or repair of public buildings or public works, financed in whole or in part by the U.S. to give up any part of the compensation to which that person is entitled under a contract of employment

States that no laborer or mechanic employed directly upon the site of the work shall receive less than the prevailing wage rates as determined by the Secretary of Labor

Mandates that no laborer or mechanic doing any part of the work contemplated by the contract be required or permitted to work more than 40 hours in any work week unless paid for all additional hours at not less than 1 1/2 times the basic rate of pay

Addresses use of high technology ball bearings

Applies to construction contracts over $2,500

Requires that all manufacturing be accomplished outside the U.S

Applies to applicable contract actions exceeding $10,000

Construction contracts exceeding $2,000

Construction contracts exceeding $100,000

Services and supply contracts exceeding the simplified acquistion threshold when necessary to protect the Government's intrest

Both b and c

When the contracting officer and offeror are able to agree on the performance-based payment

When a definitized fixed-price type contract is contemplated

When the contract does not provide for other methods of contract financing

When all of the above conditions are met