Week 7 (Part 12, 13, 217, 227, & 32)

Question 1

What FAR Part covers Contract Financing?

Accepted Answer

Part 32

Question 2

Which Data Rights are developed at USG expense and can be used for any manner and purpose & can authorize others to use?

Accepted Answer

Unlimited Rights

Question 3

LOC LOF or LOGO: Incrementally Funded Cost Reimbursement Contract

Accepted Answer

Limitation of Funds (LOF)

Question 4

How long is the Expired Period for any funds type?

Accepted Answer

5 Year

Question 5

What FAR Part covers Contract Funding?

Accepted Answer

Part 32

Question 6

What FAR Part covers Simplified Acquisition Procedures?

Accepted Answer

Part 13

Question 7

Which Data Rights are developed at Ktr expense and can be used within the Gov with restrictions but not released?

Accepted Answer

Limited Rights

Question 8

What are 3400 Funds?

Accepted Answer

O&M

Question 9

How long is the Current/Active period for O&M Funds?

Accepted Answer

1 Year

Question 10

LOC LOF or LOGO: Fully Funded Cost Reimbursement Contract

Accepted Answer

Limitation of Cost (LOC)

Question 11

What are 3600 Funds?

Accepted Answer

RDT&E

Question 12

What are 3010 Funds?

Accepted Answer

Aircraft Procurement

Question 13

A UCA must be definitized with 180 days of ________

Accepted Answer

Receipt of qualifying proposal

Question 14

Who would be the approval authority for a $30M UCA?

Accepted Answer

COCO

Question 15

What FAR Part covers UCAs?

Accepted Answer

Part 217

Question 16

A UCA must be definitized with ___ days of receipt of qualifying proposal

Accepted Answer

180

Question 17

___ are financing payments based on costs incurred by the contractor as work progresses

Accepted Answer

Progress Payments

Question 18

How long is the Current/Active period for RDT&E Funds?

Accepted Answer

2 Year

Question 19

Who would be the approval authority for a $75M UCA?

Accepted Answer

SCO

Question 20

___ are financing payments based on accomplishment of defined events (pre-established milestones)

Accepted Answer

Performance-Based Payments

Question 21

How long is the Current/Active period for Aircraft Procurement Funds?

Accepted Answer

3 Year

Question 22

Which Data Rights are developed at mixed USG/Ktr expense, can be used by Gov and may be reseased with conditions?

Accepted Answer

Government Purpose Rights

Question 23

What FAR Part covers Commercial Acquisitions?

Accepted Answer

Part 12

Question 24

LOC LOF or LOGO: Incrementally Funded Fixed Price Contract

Accepted Answer

Limitation of Government's Obligation (LOGO)

Question 25

What FAR Part covers Data Rights?

Accepted Answer

Part 227

Week 7 (Part 12, 13, 217, 227, & 32)

Questions 25

Week 7 (Part 12, 13, 217, 227, & 32)

Questions 25