Notes:

Which of the following only includes elements of a CPIF contract target cost, target fee, fee adjustment
formula.

Which one of the following would most likely require the submission of certified cost or pricing date: A
sole source requirement for a government unique item an expected value of 1 million.

Which of the following statements are correct regarding data other than certified cost or pricing data:
Data Other Than Certified cost or pricing data means pricing data, cost data and judgmental information
necessary for the contracting officer to determine fair and reasonable price or to determine cost realism.

Government Furnished Property Describe the price related factors associated with government
furnished property

Applies only to competitive fixed price contracts two types of factors:

 Eliminate unfair competitive advantage

 Consider government costs or servings related to providing property

This price related factors will only be used in fixed price competitively contracts. It does not apply to sole
source or cost type contracts.

Government Furnished property

Offeros) May be in possession of GFP on other government contracts and may wish to incorporate use of
such property in their proposal in response to your solicitation.

FAR 45.103 ( e) (2) on missions this situation and compels agencies to eliminate to the maximum
practical extent any competitive advantage a prospective contractor may have by using government
property

This is done by adjusting

As a DOD contract specialist, you are analyzing a FFP contract proposal for $800,000.00 solicited under
full and open competition, for a noncommercial hovercraft. Based on Market Research, the government
expects to receive only be offer. Per DoD regulation and guidance. You’re solicited for the appropriate
timelines. But only 1 offer was received. No other exceptions to TINA apply: certified cost or pricing data
is required: therefore. We shall conduct cost analysis and should conduct price analysis.

Which of the following proposal analysis techniques shall be performed in evaluating cost –
reimbursement contracts to determine the most probable cost for each: cost realism analysis.

In DOD contracting what method should you use to negotiate profit on a contract modification for a
contract that was competitively awarded: Structured approach i.e. the weighted guidelines, should be
used.

DOD contracting officers can (cannot=False) allow contracts to charge profit on G&A expenses: True

Per FAR’s instructions for submitting cost/price proposals when certified cost or pricing data (table 15-2).
When a contract is required to provide certified cost and pricing data it must breakdown for which of the
followings basic elements as applicable: materials and services, direct labor, facilities capital cost of
money (FCCOM)

Use the $500 Given the following responses form a multiple-award task order solicitation (where
the government can award to one or more offerors) select the award strategy that results in the lowest
overall cost to the government: award items 1 and 3 to bidder 1 and item 2 to bidder 2.

You intend to provide your technical team leader counsel on writing a technical evaluation. What are the
minimum required elements of technical analysis: types and quantities of material, types and quantities
of labor hour and labor mix

Which price related factor provides a price evaluation adjustment to promote hubzone business in a
small business set aside procumbent: none of these.

In comparing methods for calculating G&A rate based on __________ will always be higher because the
allocation base is ___________with the subtraction of materials and subcontract: value added: lower

By the weighted guidelines methods when negoatcting profit for an underfinitized contract action (UCAO
the more work the contract has accomplished before definitizing the UCA, the _______________the
contact type risk factor, and therefore, the _____________ the contract profit objective will be: lower:
lower

You are negotiating a 1 million 8(a) sole source (non-competitive), FFP contract for a noncommercial
item. The price is not set by law or regulation, and the PCO has no reason to pursue a TINA waiver is
(certified cost or pricing data required: yes

As we conduct market research, which of the following is False: government team member should re-
evaluated the government requirements in order to align them with industry practices acquisitions
begins with a descriptions of to governments needs stated in terms suffinent to allow conduct of market
research involves obtaining information only as at the strategic level

An FPIF contract is an appropriate contract type to incentive a contract to control cost while still
ensuring delivery because it is in the fixed price family of contacts: T or F

You are negating a 1 million 8 (a) sole source (non-competition) FFP contract for noncommercial item.
The price is not set by law or regulation, and the PCO has no reason to pursue a TINA waiver is: cost
analysis

Which combination of price analysis techniques listed includes both of those that preferred according to
the FAR:

Comparison of prosed prices received in response to the solicitation and comparison of proposed prices
to historical prices, whether by the government or other than government, for the same similar items.
A landscaping contractor is installing landscaping for a building on base which choice below lists direct
cost or the contract trees and shrubs, landscaping project planning labor, landscaping installed labor.

Price-Related Factors

Adjustments required by law or regulation in order to complete price evaluation

Four steps in evaluation and applying these factors

 Determine solicitation provisions

 Determine total price offered
 Evaluate possible award combination
 Compare offered prices with other prices

Use price related factors: CFAR and CPRG)

 Determine solicitation provision

 Determine total price offered
 Evaluate award combinations
 Make ward decision

Price-related factor associated with multiple award

 Allows for multiple awards to be made to achieve savings

 Requires administrative costs be added to each contract contemplated for evaluation purpose
 500 for sealed bids
 Non-specific for contracting by negotiation (500 is traditional unless other situation applies)

: What is fair and reasonable price fair to both sides:

 too high or too low
 To prudent &competent buyer

What is price (Price=cost & profit is fair and reasonable of fee)

Pricing policy fair FAR 15.402

The policy drives contracting officers to purchase all goods and services form responsible sources at fair
and reasonable prices to price actions separately and independently and to exclude contingences in
proposed offer.

Determining fair & reasonable

What Price Analysis techniques are specified in the FAR?

 Comparison of proposed prices received in response to the solicitation. Normally, adequate price
competition establishes a fair and reasonable price (see FAR 15.4031(c)(1)).
 2. Comparison of the proposed prices to historical prices paid, whether by the Government or
other than the Government, for the same or similar items. This method may be used for
commercial items, including those “of a type” or requiring minor modifications.
 3. Use of parametric estimating methods/application of rough yardsticks (such as dollars per
pound or per horsepower, or other units) to highlight significant inconsistencies that warrant
additional pricing inquiry.
 4. Comparison with competitive published price lists, published market prices of commodities,
similar indexes, and discount or rebate arrangements.
 5. Comparison of proposed prices with independent Government cost estimates.
 6. Comparison of proposed prices with prices obtained through market research for the same
or similar items.
 7. Analysis of data other than certified cost or pricing data (as defined at FAR 2.101) provided by
the offeror.