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CLC 011 Contracting for the rest of us Exam Complete Solution

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CLC 011 Contracting for the rest of us Exam Complete Solution. 1) Cost analysis is: [Differentiate between price analysis and cost analysis.] the evaluation of the separate cost elements and profi ...

CLC 011 Contracting for the rest of us Exam Complete Solution. 1) Cost analysis is: [Differentiate between price analysis and cost analysis.] the evaluation of the separate cost elements and profit in an offeror's proposal. the review and evaluation of the bottom-line price in an offeror's proposal. the comparison of all cost proposals to determine the correlation between their proposed profit rates. the review and evaluation of the separate cost elements in a proposal, excluding profit. ________________________________________ 2) In what stage of the acquisition cycle should strategic market research be conducted? [List the considerations involved with meeting the customer's requirement.] Strategic market research is an ongoing process through all phases of the acquisition cycle Prior to contract expiration and before solicitation of the follow-on contract After requirements are completely known Immediately prior to contracting for supplies or services ________________________________________ 3) Alternate Dispute Resolution (ADR) procedures: [Differentiate among the various types of changes to original contract terms and conditions.] [Remediation Accessed :N] are the Government's preferred method for dealing with a dispute with a contractor. are permitted only for disputes involving contract actions over $10 million. are permitted only for disputes involving contract actions over $5 million. are permitted only after the contractor has first taken a contract dispute to the Armed Services Board of Contract Appeals. ________________________________________ 4) The Material Inspection and Receiving Report — the multi-purpose document that serves as evidence of inspection and acceptance, shipping document, receiving document, and contractor invoice — is designated as the: [Identify the steps involved in contract payment and contract closeout.] DD Form 250 SF 26 SF 1449 DD Form 1597

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