Take Test: CON 280 Week 1 Quiz 100% Correct Answers

The contracng officer wishes to migate the risk associated with a CPIF contract she will be awarding. Specifically, she wants to ensure that the contractor’s pursuit of cost objecves does not come at the expense of qual ...

The contracng officer wishes to migate the risk associated with a CPIF contract she will be awarding. Specifically, she wants to ensure that the contractor’s pursuit of cost objecves does not come at the expense of quality. Accordingly, she has included a Quality Performance Index (QPI) in the contract under Secon H - Special Contract Requirements. Which statement is accurate regarding the QPI? a. It is the Program Manager’s responsibility to determine the incenve fee using an Award Fee-type review board. b. If the contractor’s performance is exceponal, applying the QPI to incenve fee calculaon will result in the contractor receiving a fee greater than the maximum fee. c. A QPI is a mechanism to migate the risk that in striving to reduce costs a contractor may sacrifice quality. d.QPI adjustments may result in the contractor receiving a fee less than the minimum fee Question 1 2 points Saved Which one of the following statements is true regarding the Range of Incentive Effectiveness (RIE)? a. In a CPIF contract target costs, RIE and the fee pool are generally independent variables. b. Everything outside the RIE functionally represents a cost-plus-fixed-fee environment. c. A proposed incentive arrangement would only incentivize the contractor to control costs when they exceed the maximum fee. d. The RIE is clearly specified in the contract. Question 2 2 points Saved Question 3 Click Save and Submit to save and submit. Click Save All Answers to save all answers. 2 points Saved SSaavvee AAll ll AAnnsswweerrss CClolossee WWininddooww SSaavvee aanndd SSuubbmmiitt Save and Submit 7/20/2018 Take Test: CON 280 Week 1 Quiz – CON280_18713 - 501 Web,... https://myclass.dau.mil/webapps/assessment/take/launch.jsp?course_assessment_id=_36235_1&course_id=_92811304_1&content_id=_1462017_1&step=null 2/11 Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 You are planning for the procurement of an advanced, engineering or operational systems development and first production. The uncertainties of performance are such that they preclude use of a fixed-price type of contract. However, they may not be so great as to justify use of a cost-plus-a-fixed-fee contract. In these circumstances, what contract type should be used? a. Fixed Price with Economic Price Adjustment b. Cost Plus Incentive Fee c. Fixed Price Incentive Firm d. Fixed Price Award Fee Cost Plus Incentive Fee (CPIF) and Fixed Price Incentive Firm (FPIF) contract types are similar in structure. Both motivate the contractor to perform within a pre-established incentive structure. How does the CPIF type contract differ from the FPIF type contract? a. CPIF contracts do not state an underrun share ratio. b. CPIF contracts do not have a ceiling price c. CPIF contracts do not include targets for use in determining amount the Government will pay for the supplies or services. d. CPIF contracts do not have an overrun share ratio. Question 4 2 points Saved You have been tasked to conduct Market Research for an acquisition focusing on Wireless Devices (cell phones, PDAs, etc.) The results of your research will be presented to both management and the IPT that will work on this requirement and will be relied upon throughout the life of the resulting contract. This acquisition will incorporate requirements for several different federal agencies with an annual estimated value of $2 million. Which of the following statements is NOT true regarding how you should execute the market research for this acquisition? a. Conduct a one-time, thorough market research analysis on all wireless devices so management and the IPT have a complete understanding of the intricacies related to the wireless market. b. Pursue alternative methods for acquiring wireless devices that may meet the IPT’s requirements and lower costs to the government (i.e., : standardization, minimum order quantities, etc.). c. Seek all commercial sources that may satisfy the government’s needs, including small businesses or large businesses that are not normally linked with this particular industry. d. Research best practices in consolidating wireless devices and determine if these practices are applicable to this acquisition. Question 5 2 points Saved Kevin Einstein PhD is a Nobel Prize winning physicist and a guest lecturer at Ivy University Dr Einstein was hired by the Air Force to oversee the Question 6 2 points Saved Question Completion Status: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Kevin Einstein, PhD is a Nobel Prize winning physicist, and a guest lecturer at Ivy University. Dr Einstein was hired by the Air Force to oversee the development of the technical requirements package for a new, highly complex weapon system. Although Dr Einstein is not a Government employee he has been the quasi-leader of the technical team, by virtue of his knowledge and standing. The program is now planning for the source selection and assembling the team of evaluators. Which role may Dr. Einstein fulfill in the actual source selection? a. He can determine ratings or rankings of offerors’ proposals b. He may only participate in the review and evaluation of past performance information c. He may assist in and provide input regarding the evaluation, but he may not determine ratings or rankings of offerors’ proposals. d. He may serve in any capacity, at the discretion of the Source Selection Authority Your program office is formulating the strategy for an upcoming program to acquire Government-unique, operational support services for a period of up to 5 years. The total estimated contract value is approximately $12.5 million. Market research also revealed that all of the likely competitors are new technology firms who do not regularly perform under Government contracts and do not have adequate accounting systems. Given these circumstances, which contract type would you be able to award? a. Fixed price incentive firm b. Cost Plus Incentive Fee c. Firm Fixed Price d. Cost Plus Fixed Fee