A payment bond guarantees:

The contractor will pay its subcontractors

Delivery Order means:

An order for supplies places against an established contract

Which of the following is NOT required to be revealed during a post award debrief?

Evaluated price of all offerors

A contract with a corporation shall be signed:

In the corporate name, followed by authorized signer

Give authority for actions for same or related supplies

In the contracts world, LOFC stands for:

Limitation of Future Contracting

An indefinite-quantity contract is best used when?

A recurring need is anticipated

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NCMA Quiz #4

20 termsStudBud Administration12 plays

Prep for the CFCM exam

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Questions 20

Answers

1
Which part of the FAR is entitled "Definitions of Words and Terms"?
FAR -- Part 2
FAR -- Part 4
FAR -- Part 3
FAR -- Part 1
2
At what threshold is a Small Business Subcontracting Plan required?
$700,000
$1,000,000
$650,000
$750,000
3
A payment bond guarantees:
The contractor will pay its subcontractors
The surety will take over the contract in a default
The government will pay its contractors
The surety will pay the contractor
4
Non-commercial acquisitions over $150K shall allow at least __ days for receipt of proposals.
30 days
20 days
15 days
10 days
5
Delivery Order means:
An order for supplies places against an established contract
An order for services placed against an established contract
An order placed to hire the contractor's personnel
An order for either services or supplies against a contract
6
Which of the following is NOT required to be revealed during a post award debrief?
Evaluated price of all offerors
Evaluated technical score of the successful offeror
Ranking of all offerors
Evaluation of the unsuccessful offeror's proposal
7
Consolidating 2 or more requirements for supplies/services, into a solicitation for 1 contract:
Combining
Mixing
Consolidating
Bundling
8
A post-award debrief must be requested within __ day(s) after receipt of notice of award.
10 days
5 days
3 days
1 day
9
Which of the following are the 2 types of contract modifications?
Bilateral and Unilateral
Substantive and Bilateral
Supplemental and Bilateral
Unilateral and Substantive
10
A contract with a corporation shall be signed:
In the corporate name, followed by authorized signer
By the CEO
By the head of the contracts department
By the Chief Financial Officer
11
Class D & Fs:
Give authority for actions for same or related supplies
Must be signed by the requesting Official
Apply to one and only one contract action
Shall be for an indefinite period
12
In the contracts world, LOFC stands for:
Limitation of Future Contracting
Limitation of Current Funds
Limitation of Further Correspondence
Likelihood of FFP Contracting
13
The threshold for obtaining certified cost of pricing data is:
$600,000
$700,000
$750,000
$150,000
14
Which of the following contract types places the most cost risk on the buyer?
Firm Fixed Price
Time and Materials
Cost Plus Fixed Fee
Labor Hour
15
What is the simplified acquisition threshold?
$50,000
$750,000
$150,000
$350,000
16
An indefinite-quantity contract is best used when?
Engineering and design services are needed
A recurring need is anticipated
For development and production
For research and development efforts
17
What is the dollar threshold for public announcement of contract awards?
5,000,000
$3,500,000
$500,000
10,000,000
18
"Buying-in" means submitting an offer below anticipated costs, expecting to:
Increase the contract amount after award
Receive a kickback for obtaining the contract
Answer 1 or 2
Receive follow on contracts at artificially high prices
19
Cost Plus Fixed Fee contracts, except for R&D efforts cannot have a fee % exceeding:
15%
10%
Unlimited
20%
20
Defense Priorities and Allocations System (DPAS) is managed by the:
Department of Commerce
Department of Priority Allocation
Department of Energy
Department of Defense

NCMA Quiz #4 Flashcards | StudBud