Understanding Simplified Acquisition Procedures for Government Contracts, Exams of Business Economics

Download Understanding Simplified Acquisition Procedures for Government Contracts and more Exams Business Economics in PDF only on Docsity! CON 2370 Simplified Acquisition Procedures Take 14 latest 2023/2024 Which one of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - ✔N️ot - Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. Not - The use of SAP is authorized for all commercial acquisitions 22. Not - The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts Not - Agencies may separate requirements into smaller purchases that do not exceed SAT in order to maximize the use of SAP Not - Contracting officers are required to use a combination of the procedures in FAR parts 12, 13, 14, and 15 when using SAP You are reviewing the requirements package for the purchase of lab equipment for a health clinic that does not exceed the SAT. It must be compatible with the equipment currently being used at the clinic. This is essential in meeting the agency's needs. Market research identified only one manufacturer able to meet the requirement for compatible equipment. Which one of the following is correct regarding the policies for describing your agency's needs? - ✔T️he basis for not providing for maximum competition must be documented in the contract file. You have a requirement for a new contract for grounds maintenance at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performing the services is not meeting the Commander's expectations. Consistent with the order of precedence for requirements documents, which one of thefollowing documents would be included in the new contract? - ✔P️WS Which one of the following mandatory Government sources is the first priority for satisfying a requirement for services? - ✔N️ot - Federal Prison Industries Not - The Procurement List maintained by The Committee for Purchase From People Who Are Blind or Severely Disabled Inventories of the requiring agencies You have a requirement for help desk support with an estimated value of $450,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 6 small businesses and 4 large businesses. Which one of the following statements is correct? - ✔N️ot - A portion of the acquisition may be set aside exclusively for small business Not - The entire acquisition must be set aside exclusively for small business Which one of the following market research results would NOT support a commerciality determination? - ✔N️ot - The tool is sold on a competitive basis in substantial quantities to multiple State governments and was developed at private expense. Not - The services are offered and sold competitively in substantial quantities in the commercial marketplace based on a catalog. Not - The equipment has been offered for sale to the general public and will be used for nongovernment purposes. The part sold to the general public needs' extensive modifications not customarily available in the commercial marketplace. You have a requirement for water restoration services at your base in Louisiana. These services are of a type sold competitively in substantial quantities in the commercial marketplace based on market prices. The estimated dollar value of the acquisition is $1,250,000. Which one of the following statements is true? - ✔T️he use of simplified acquisition procedures authorized. You are the buyer for a construction requirement with an estimated value of $75,000. A notice of the proposed contract action is required. Which one of the following solicitation methods must be used? - ✔N️ot - Electronic Solicitation Not - Combined synopsis/solicitation Written Solicitation You have a requirement for a one-time purchase with an estimated value of $180,700. You are not required to synopsize this contract action. Which one of the following describes the competition requirement for this acquisition? - ✔N️ot - The acquisition must utilize full and open competition. Not - There is no requirement for competition if the price is considered reasonable. ✔N️ot - Supplier validates the terms of the quotation Not - Government issuance of an order in response to a quotation Supplier's written acceptance of an order Supplier furnishes the ordered supplies Substantial performance by the supplier Three quotes were received in response to your solicitation for training services. Evaluation was based on a tradeoff between price and past performance. The assigned past performance ratings and quoted prices were as follows: Vendor A - Unacceptable, $216,150; Vendor B - Acceptable, $248,500; and Vendor C - Outstanding, $237,200. Which one of the following statements about the award decision is correct? - ✔N️ot - Vendor B is the apparent awardee and price reasonableness could be based on any reasonable basis Not - Vendor A is the apparent awardee and price reasonableness would be based on competition Vendor c You are the contracting officer for a noncommercial bilateral purchase order for supplies valued at $155,600. Which one of the following actions would be executed using a unilateral modification? - ✔N️ot -Making a negotiated equitable adjustment Not - Recognizing an agreement to modify the schedule. Issuing a termination notice You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? - ✔N️ot - The Government may seek an equitable price reduction for accepting the late report if reperformance of the nonconforming service is not possible. Not - The government may seek consideration for accepting the late report if reperformance of the nonconforming service is not possible. Not - The Government may require reperformance of the nonconforming service at no increase to the contract price. The government must pay for the reperformance of the nonconforming service because the report was accepted. You have just been informed that a purchase order you recently awarded for commercial supplies is no longer needed and must be cancelled. The order was not accepted in writing by the contractor. Which one of the following statements is true? - ✔N️ot - The purchase order is considered cancelled if the contractor accepts the Government's written cancellation and does not claim costs were incurred. Not - The purchase order must be terminated in accordance with FAR 12.403 and Far 52.212-4 Not - A purchase order cannot be cancelled afterward unless the contractor is in default. You are reviewing the requirements package for the purchase of automatic standby generators. Market research results identify multiple sources in the commercial marketplace that meet the essential physical characteristics for this requirement. The generators were previously procured using a military specification that includes restrictive conditions that are not justified. Which one of the following is correct regarding the policies for describing your agency's needs? - ✔T️he requirement should be defined in terms that ensure it can be met by commercial products. Only one quote was received in response to your competitive solicitation for Government-unique tool kits that utilized the lowest price technically acceptable source selection process. The quote, from Tool Warehouse, was determined to be technically acceptable and was for a price of $124,500. Which one of the following statements about the award decision is correct? - ✔N️ot - The requirement must be reconsolidated in order to obtain competition. You have a requirement for a noncommercial purchase with an estimated value of $225,000. Notice of the proposed contract action is required, and no exceptions apply Which one of the following solicitation methods would be most appropriate? - ✔N️ot - Combined synopsis/solicitation. not written solicitation Not - Written solicitation. Not - Oral solicitation Electric Commerce You are the contracting officer for a commercial product requirement with an estimated value of $415,000. Six quotations that meet the Government's requirement were received in response to the solicitation and there is no reason to believe the proposed prices are unreasonable. Which one of the following statements about the price reasonableness determination is most appropriate? - ✔N️ot - There is no negotiations to conduct of obtain market research to support the determination of price reasonableness. Not - Negotiations will likely be necessary to establish a fair and reasonable price. Comparison of the quotations will likely meet the requirement to obtain market research in support of the fair and reasonable determination. You are the contracting officer for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the Government was submitted five days late. You investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? - ✔️ You are the contracting officer for a commercial services contract that contains options. You send the preliminary notice of your intent to extend the contract within the timeframe outlined in the options clause. Which one of the following statements is correct? - ✔N️ot - The preliminary notice commits the Government to exercising the option. Not - You no longer have the right to exercise the option. Not - No further action is required to exercise the option. Not - The option must be exercised using a bilateral modification. You may exercise the option You may exercise the option using unilateral modification You have a requirement for a purchase with an estimated value of $8,700. Which one of the following describes the competition requirement for this acquisition? - ✔N️ot - quotes must be solicited from all sources within the local trade area There is no requirements for competition if the price is considered reasonable Which one of the following statements is correct regarding providing notice to the unsuccessful vendors? - ✔N️otice to the unsuccessful vendors will only be given if requested You are the contracting officer for a firm-fixed-price purchase order for commercial supplies with a value of $565,000. Two weeks after delivery and acceptance of the items, the end user complains that the goods are not functioning as expected. You investigate and determine that the items are not fully compliant with the specification in the contract. Who would bear the cost of correcting the nonconforming supplies that were accepted by the Government?Correct - ✔T️he Contractor You have a requirement for repair parts to support routine maintenance services at the shop on your base. The parts were developed using Government funds and are not offered to the general public. The estimated dollar value of the acquisition is $275,000. Which one of the following statements is true? - ✔N️ot - Simplified acquisition procedures must be used The use of simplified acquisition procedures is prohibited You are the contracting officer for a construction requirement with an estimated value of $20,600. Access to the written solicitation will not be provided in the GPE, and none of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - ✔N️ot - Notice of the proposed action must be transmitted to the GPE. Not - Notice of the solicitation, or a copy of the solicitation, must be posted in a public area Not - There is no requirement to publicize this action. Maybe - Notice of the proposed action must be transmitted to the GPE. You are the contracting officer for a commercial product requirement with an estimated value of $178,000. Only one quotation was received in response to the competitive solicitation, and the information obtained through market research is insufficient to determine the quoted price fair and reasonable. Which one of the following statements about the price reasonableness determination is most appropriate? - ✔R️ecent purchase prices paid for the item under similar terms and conditions should be considered if they are still valid comparison Not - The requirement must be resolicited in order to obtain competition. Recent purchases Which one of the following is correct regarding documenting the award of a buy using SAP? - ✔N️ot - Award documentation must be extensive and detailed Not - Records of oral price quotations are not required Not - Records of oral price quotations must be established to clearly reflect the appropriateness of the award decision. Not - Comparison of competitive quotes or offers is the least preferred method for determining price reasonableness. You are the contracting officer for a firm-fixed-price services contract valued at $105,975. Which one of the following statements about contract closeout is correct? - ✔N️ot - The contract must be closed within six months after you've received evidence of receipt of services and final payment 5. The contract is considered closed once you receive evidence of receipt of property and final payment The contract is considered closed once you've received evidence of receipt of services and final payment Six quotes were received in response to your solicitation for new office equipment that utilized the lowest price technically acceptable source selection process. The quotes submitted by vendors A, B, and D were determined to be technically acceptable. Vendor A quoted a price of $146,500;Vendor B quoted a price of $128,250; and Vendor D quoted a price of $132,800. Which one of the following statements about the award decision is correct? - ✔V️endor B is the apparent awardee and price reasonableness would be based on competition You are the contracting officer for a commercial services contract valued at $3,750,000. Which one of the following statements regarding changes to the contract is true? - ✔N️ot - Any change to the contract terms must be made using a unilateral modification. Not - Changes to the contract terms are not permitted for commercial contracts. Any change to the contract terms must be made by written agreement of the parties. You are the contracting officer for a requirement for commercial services with an estimated value of $780,000. Four quotations were received in response to the solicitation and market pricing is available. Which one of the following statements about the price reasonableness determination is most appropriate? - ✔M️arket research must be conducted or obtained to support the fair and reasonable determination. You have a requirement for training services with an estimated value of $750,000. Market research shows there are numerous potential offerors that are competitive in terms of market prices, quality, and delivery. The list of potential offerors includes 5 small businesses and 3 large businesses. Which one of the following statements is true? - ✔N️ot - The entire acquisition must be competed between the small and large businesses. Not - A portion of the acquisition may be set aside exclusively for small business. Not - The entire acquisition may be set aside exclusively for small business. The entire acquisition must be set aside exclusively for small business. You just made an award for services in the amount of $235,200 based on price and past performance. One of the unsuccessful vendors has requested information on the award decision. Which one of the following describes the action you must take? - ✔Y️ou must provide a brief explanation of the basis for the award decision You are the contracting officer for a requirement for a commercial product with an estimated value of $6,200. None of the exceptions in FAR 5.202 apply. Which one of the following correctly describes the requirement for publicizing this proposed contract action? - ✔N️ot - Notice of the proposed action must be transmi There is no requirement to publicize this action. You are the contracting officer for a firm-fixed-price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - ✔T️he contract is considered closed once you receive evidence of receipt of property and final payment Take 13 - ✔t️ake 13