CON 290 Exam 1 ALL ANSWERS 100% CORRECT FALL-2021

SOLUTION GUARANTEED GRADED A+

Content

User

Course CON290_20017-;01/27/2021-CON 290 Contract Administration and

Negotiation Techniques in a Supply Environment

Test Exam 1

Started

Submitted

Status Completed

Attempt

Score

Time

Elapsed

Results

Displayed

54 out of 60 points

1 hour, 55 minutes

Submitted Answers, Correct Answers, Incorrectly Answered Questions

• Question 1

8-2

0 out of 2 points

Joseph is the contracting officer on an R&D Cost Plus Fixed Fee (CPFF) “completion

form” contract with an estimated cost of $100,000. The negotiated fee is $12,000,

or 12% of estimated cost. The contractor has advised Joseph that they anticipate it

will actually cost $110,000 to complete the work and the Government has increased

funding accordingly. What final price will Joseph pay upon successful completion of

this effort, assuming final allowable cost comes in at $110,000?

Selected

Answer: $123,2

00

Correct

Answer: $122,0

00

• Question 2

8-2

Under a CPFF contract, the final amount that will be paid is:

Selected

Answer: Allowable incurred cost plus a

fixed fee

2 out of 2 points

Correct

Answer: Allowable incurred cost plus a

fixed fee

• Question 3

0 out of 2 points

 1 / 2

4-3

As part of an internal contract review, Edward finds a contract that was solicited

under “other than full and open competition”. He locates the Justification &

Approval file and finds the Contracting Officer identified FAR 6.302-1 and FAR 6.302-

2 listed as the justification. Which of the following statements is true regarding this

justification?

Selected

Answer: This is compliant with FAR subpart 6.3.

Correct

Answer: The use of these two exceptions is a violation of FAR subpart 6.3.

• Question 4

2 out of 2 points

7-4

Given an acquisition setting where there are highly uncertain and speculative labor

hours, an uncertain labor mix, and/or speculative material requirements necessary

to perform the contract, which contract type would be most appropriate?

Selected

Answer: Cost plus fixed

fee

Correct

Answer: Cost plus fixed

fee

• Question 5

8-5

2 out of 2 points

You are in the process of negotiating a CPFF completion type contract for a new gun

turret. You intend to provide Government-furnished property (GFP) for some of the

required equipment. The contractor objects, stating that reliance on GFP could affect

its ability to deliver a working turret within the contract schedule. How should you

respond?

Selected

Answer: Point out that FAR 52.245-1, “Government Property” allows the

contractor to request equitable adjustment for cost or schedule impacts

caused by Government provision of GFP.

Correct

Answer: Point out that FAR 52.245-1, “Government Property” allows the

contractor to request equitable adjustment for cost or schedule impacts

caused by Government provision of GFP.

• Question 6

2 out of 2 points

10-8

You are evaluating a proposal that requires an analysis of Facilities Capital Cost of

Money (FCCOM). Using the following information, as appropriate, calculate the

Facilities Capital Employed amount. (Use DD Form 1861 for FCCOM.)

Company-wide allocation base for Engineering Overhead pool: $12,700,000

Powered by qwivy (www.qwivy.org)

 2 / 2