Certified Federal Contract Manager (CFCM) Practice Exam

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• Which statement about government contracts is true?
• What is the key reason for conducting market research before bundling contracts?
• Which research activities are exempt from the definition of advisory or assistance services?
• Which of the following best describes the goal of sustainable acquisition?
• Which statement is true regarding micro-purchases?
• What is required under the Contract Work Hours and Safety Standards Act for contractors?
• When is it appropriate for an acquisition plan's content to vary?
• What is the primary objective of discussions in federal contracting?
• What is the primary purpose of the SBA's 8(a) program?
• What is one of the primary purposes of contractor record retention?
• When using a governmentwide commercial purchase card, under what conditions must a contracting officer verify a contractor's delinquent debt status?
• In what scenario can an unauthorized commitment become binding?
• Kickbacks in government contracting are typically aimed at which of the following?
• Which type of risk pertains to the dependencies between a new IT project and other projects or systems?
• What can unpriced purchase orders be used for?
• Which of the following is NOT considered a type of contract under the FAR?
• What constitutes a reasonable cost for a contract?
• Which type of proposal method allows for discussions to take place?
• Which statement concerning requests for information (RFIs) is accurate?
• What is the government’s stance on inventions developed under government contracts?
• Which is true about the suspension of work or stop work orders?
• What is NOT a statutory exemption under the Walsh-Healey Public Contracts Act for contracts exceeding $15,000?
• Which best describes alternative dispute resolution?
• When acquiring commercial items, what must the contracting officer establish regarding price?
• The Buy American statute restricts the purchase of what type of products?
• What happens to advance agreements once they are established?
• What is the definition of bundling in contract requirements?
• When must contracts for IT systems be acquired according to federal guidelines?
• In the context of government contracts, which term refers to products that are grown or made locally?
• Contractors must perform all government contracts without using overtime unless what condition is met?
• In what circumstance can a Contracting Officer waive the requirement for descriptive literature?
• Which contract section is not physically included in the contract but shall be incorporated by reference?
• Which of the following is NOT a type of indefinite delivery contract?
• When establishing price reasonableness, which parts of FAR should a contracting officer consider when acquiring commercial items?
• How should a contract with a corporation be executed?
• When can a contracting officer use competitive proposals instead of sealed bids?
• What is defined as any payment made to improperly obtain favorable treatment in contracts?
• What is true about quotes in the context of procurement?
• What legislation authorizes agencies to enter into agreements with other agencies for obtaining supplies or services?
• What is the primary purpose of production surveillance?
• When is a contractor required to submit certified cost and pricing data for subcontracts?
• Unauthorized commitments are agreements that are NOT binding solely because of what reason?
• How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation?
• Performance and payment bonds are required for which type of contracts?
• Which contract type is generally mandated for the acquisition of commercial items?
• What is an acceptable method for establishing bid receipt timestamps?
• What type of contract is most relevant for recurring and continuing service requirements?
• Which of the following actions is NOT considered an emergency action flexibility for contingency operations?
• Which function is NOT typically performed by a contract administration office?
• What is the primary use of unilateral modifications in federal contracting?
• How may contract delivery or performance schedules typically be expressed?
• When are tradeoffs in the source selection process not permitted?
• Where may protests be filed?
• What type of contract may be used for emergency acquisitions requiring immediate performance?
• Which of the following is included in mandatory provisions for certain service contracts?
• Which statement is true regarding minor irregularities in proposals?
• What is considered acceptable evidence to establish the time of receipt at the government installation?
• Under which circumstances can authorities and delegations outlined in the FAR be considered non-delegable?
• Under what condition may a micro-purchase be awarded without soliciting competitive quotes?
• What is the maximum period for which a CO may include an option clause in contracts?
• What is the primary benefit of bulk funding in contract management?
• What is the time frame for a protest concerning small business representation to be considered timely?
• Which of the following is NOT a valid reason to reject a bid?
• What are contracts to acquire IT systems in successive increments called?
• If market research shows no available commercial or non-developmental items, what should agencies do?
• What is considered the least preferred method of submitting ideas or concepts to the government?
• Change orders issued under the "Changes" clause of a contract utilize which form?
• What must a contractor obtain if they have an approved purchasing system and wish to form subcontracts?
• What characterizes a personal services contract?
• What does the Federal Supply Schedule program provide to federal agencies?
• How should agencies use market research results in procurement?
• What is the name of GSA's electronic system for posting requirements, obtaining quotes, and issuing orders?
• According to the FAR conventions at Subpart 1.1, each authority is delegable unless what?
• What is the purpose of supplemental agreements in contract management?
• Under which act shall the requesting agency reimburse the servicing agency for rendered contract administration services?
• What happens when a contracting officer does not review vendor information thoroughly in simplified acquisitions?
• Contracting officers below the level of what position shall be selected and appointed?
• Which statement about advance agreements is true?
• Which agency directs and manages the Federal Supply Schedule program?
• Why might the CO request proposal revisions?
• In the FAR, when an imperative sentence directs action, who is responsible for the action unless another party is cited?
• What contract types may be used with sealed bidding procedures?
• What methodologies should contracting officers use for acquiring construction contracts?
• What is the consequence of cancelling a purchase order if the contractor accepts the cancellation without claiming incurred costs?
• In case of equal low bids, which type of bidder has the highest priority for award?
• What is the simplified acquisition threshold for contracts in support of contingency operations outside the United States?
• Which of the following statements regarding Cost Accounting Standards is correct?
• Which member of the acquisition team is responsible for determining the appropriate NAICS code?
• What is the government's policy regarding contractual issues in controversy?
• Exchanges of information among interested parties should occur from what stage?
• Which is a requirement for bidders responding to an invitation for bids?
• Is a contracting officer's decision not to set aside for HUBZONE small businesses subject to review if within the simplified acquisition threshold?
• What term refers to a person who provides transportation for compensation to the general public?
• Which database should contracting officers primarily use for vendor information in simplified acquisitions?
• In the context of federal contracting, what does 'defective pricing' refer to?
• What is the significance of using simplified acquisition procedures for certain contracts?
• Which statement about simplified acquisition procedures is true?
• Under what circumstances shall the CO set aside a portion of an acquisition for small business participation?
• Which government body primarily reviews acquisitions that are other than full and open competitions?
• Which of the following is an acceptable method for disseminating information on proposed contract actions?
• What minimum dollar amount requires competition for procurements according to the FAR?
• What percentage of new contract actions must require energy-efficient, water-efficient, or environmentally preferable products?
• When must agencies implement OMB guidance for personal identity verification?
• Which of the following statements is NOT true regarding awards from an invitation for bids?
• What is the purpose of clarification in federal contracting?
• What is the minimum contract value that requires mandatory provisions regarding minimum wage and fringe benefits?
• In a scenario where only one offer is received for a noncommercial item, what is the correct assessment of that offer?
• Where are contractor representations and certifications submitted?
• What advantage do blanket purchase agreements (BPAs) offer when established with firms?
• Which role does the fiscal and accounting officer have in the bulk funding process?
• What does a certificate of current cost or pricing data indicate?
• Which act requires contracts over $2,000 for construction to include a clause on prevailing wage rates?
• What are the two broad categories of contract types?
• How does the government relieve contractors of liability for damage to government property after acceptance?
• Which of the following statements correctly describes the purchasing capability of micro-purchases?
• What type of property is not considered part of the government’s assets?
• What is the main purpose of utilizing performance-based acquisition methods?
• What must an agency do upon receiving notice of a filed protest?
• What is the correct purpose of a pre-bid conference?
• What is a fixed price contract with economic price adjustment used for?
• Which statement accurately reflects the guidelines for using simplified acquisition procedures?
• Which of the following is NOT a method for disseminating contract information?
• Which clause typically outlines the requirements for subcontracts in a contract?
• How is a warranty treated in federal government contracts?
• What does the 'K' section of a contract generally relate to?
• Under what condition may a proposal be withdrawn?
• What does a qualification requirement entail in government contracts?
• With whom must the acquisition plan be coordinated if other than full and open competition is anticipated?
• What is the main criterion for determining the county of origin for manufactured noncommercial end products under the Buy American statute?
• What must be included in the execution of a contract for a corporation?
• Which statement about project wage determinations is NOT true?
• What defines a negotiated contract?
• Where can you find the names and addresses of all suspended contractors?
• If a requirement has been accepted by the SBA under the 8a program, what must happen for it to be released from the program?
• Which statement is accurate regarding blanket purchase agreements (BPAs)?
• Which organization provides wage determinations for contracts on construction, alteration, or repair?
• What should agencies do if the results of market research indicate that commercial items or non-developmental items are available?
• What entitles the government to a price adjustment after the award?
• What is the primary restriction regarding pre-award debriefings?
• What best describes a latent defect?
• What is an imprest fund used for in contract management?
• Which entity provides guidance on personal identity verification for contractors?
• Which type of property is considered government property?
• When should acquisition planning begin according to best practices?
• What is typically the first step in the simplified acquisition process?
• Who has the authority to authorize continued performance after an award despite a protest?
• Which of the following MUST be specified for electronic bids?
• When fast payment procedures are used, who is responsible for determining the debt amount for contractor failures?
• What primary role does a pre-bid conference serve?
• Under the Freedom of Information Act, when is information made available to the public?
• What is NOT considered a clerical mistake that would lead to bid rejection?
• What is considered the heart of a settlement for a contract terminated for convenience?
• Which of the following actions can result from a contractor purchasing system review?
• What is the purpose of the Federal Supply Schedule program?
• Which of the following is classified as a perishable product under the Walsh-Healey Act?
• What must happen for a purchase order to be formally considered canceled?
• Which of the following is included in the definition of "contracts"?
• Who establishes final indirect cost rates binding on all agencies?
• Who has the authority to issue change orders in federal contracting?
• What is the first step of the two-step bidding process?
• What should the CO consider regarding protests?
• What is the acquisition cap for simplified acquisition procedures in commercial items?
• Who is responsible for selecting the appropriate type of contract for research and development requirements?
• If the CO and the SBA area office cannot reach a resolution, who has the final say regarding a small business's ability to perform?
• What is an accurate statement regarding descriptive literature?
• What allows the government to require continued performance of services in existing contracts?
• What distinguishes an imprest fund from regular purchasing procedures?
• What is the deadline for filing a protest based on improprieties in a solicitation?
• Market research may justify bundling if which condition is fulfilled?
• What distinguishes quotes from binding offers in procurement?
• Which document typically outlines the responsibilities and guidelines for contracting officers?
• What is the benefit of specifying performance and physical characteristics in acquisition requirements?
• What should an agency analyze prior to entering into a contract for IT?
• Under what circumstances can the head of an agency waive the applicability of Cost Accounting Standards?
• What primarily influences the specific content of acquisition plans?
• According to the contract work hours and safety standards statute, what must contractors pay laborers for hours worked over 40?
• What is the government’s requirement regarding the inclusion of warranties in federal contracts?
• Cost Accounting Standards Board rules apply to which type of contracts?
• What is the dollar threshold for public announcement of contract awards?
• What is true regarding proposal revisions?
• Which of the following is NOT a circumstance for which agencies must use performance-based acquisition methods?
• What is the customary progress payment rate for small businesses?
• Which of the following best describes 'price analysis'?
• What is essential for a product to be considered a domestic end product under the Buy American statute?
• When are performance-based payments allowed to be used?
• Which type of contract is specifically mentioned in FAR Part 6 as requiring competition requirements?
• What is the minimum response time for receipt of bids or proposals for noncommercial item solicitations?
• For how long must contractors retain all records pertaining to a government contract?
• What must acquisition officials include in terms of requirements for acquisitions of supplies or services?
• What must be considered if a contractor is awarded multiple contracts with different priorities?
• What is the purpose of conducting tests and approvals for contracts requiring an approved first article?
• Which statement is true regarding electronic bids?
• Why are contingent fee arrangements for soliciting government contracts considered contrary to public policy?
• In the case of multiple contract awards on the same day, what is the priority order for the delivery dates?
• What limit is imposed on transactions conducted with imprest funds?
• A form of written approval signed by an authorized official needed before taking certain contract actions is known as what?
• Which organization has the first priority for providing identification services if produced by Federal Prison Industries (FPI)?
• What techniques can the government use to minimize the opportunity for buying in?
• What is the primary responsibility of a contractor auditor?