CFCM Certified Federal Contract Manager Study guides, Class notes & Summaries

How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation? (a) Annually (b) Bi-annually (c) Every five years (d) Only as required correct answer: (c) Every five years (FAR 1.109) A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as: (a) A ratification (b) Determination and Findings (c) The Contracting Officer's Final Decision (...

CFCM FINAL EXAM STUDY GUIDE WITH REAL EXAM QUESTIONS AND ANSWERS|

CFCM FINAL EXAM STUDY GUIDE WITH REAL EXAM QUESTIONS AND ANSWERS|

CFCM Exam Practice Test questions and answers, verified/ What is a Certificate of Competency - A certificate issued by the SBA stating that the holder is responsible for the purpose of receiving and performing a specific Government contract Except as specifically permitted by executive agencies, the fast payment procedure may not be used for individual purchasing instruments exceeding what amount? - $35,000 What can a contractor access online at ? - The government wide point of entry S...

CFCM Exam Review Questions and answers, rated A+ What is the FAR system? - for acquisitions by all executive branches What is the FAR system? - The FAR and all agency acquisition regulations that implement or supplement the FAR What is the vision for federal acquisition? Timely $PS Policy and Trust - deliver on a timely basis the best value product or service to the customer, while maintaining the public's trust and fulfilling public policy objectives FAR 1.102(a) What are the gui...

CFCM Exam Review Questions and answers, rated A+/ VERIFIED/ Which of the following is NOT a reason to contract for Advisory and Assistance services? - -Obtain work of a policy, decision-making, or managerial nature which is the direct responsibility of agency officials Which of the following contract types is prohibited by the Federal Acquisition Regulation for federal agencies and prime contractors? - -cost-plus-a-percentage-of-cost The Contract Disputes statute covers - -claims by a...

Cfcm exam Review Questions and answers, VERIFIED/ Questions BANK/ ALL QUESTIONS AVAILABLE The contracting officer to the extent Practicable provide maximum participation to small biz,sdvosb, vosb, hub zone , women owned. Contracting officers must take the following steps. - 1. Plan an acquisition for more then one small business concern e issuing solicitation, make an effort to find more sb concerns, should include sba procurement rep. cize solicitations through gpe. the event of eq...

CFCM Final Review Questions and answers, verified/ The FAR is prepared, issued, and maintained by: a. The Executive Office of the President. b. The Office of Management and Budget and the General Services Administration. c. The Secretary of Defense, the Administrator of General Services, and the Administrator of the National Aeronautics and Space Administration. d. The National Contract Management Association. - -c. The Secretary of Defense, the Administrator of General Services, and...

CFCM Practice Exam Review Questions and answers, VERIFIED/ What is a Certificate of Competency? - -A certificate issued by the SBA stating that the holder is responsible, for the purpose of receiving and performing a specific Government contract What law specifies how agencies shall make their records available upon public request, imposes strict time standards for agency responses, and exempts certain records from public disclosure? - - Freedom of Information Act Which of the followin...

CFCM Practice Questions & Answers, VERIFIED/ (2) First Article testing and approval IS NOT normally required for a. Products normally sold in the commercial market b. Products larger than a bread basket c. Products offered by AbilityOne sellers d. Products with more than a 2-year warranty - A Which of the following would be considered inherently governmental functions? a. Services that involve or relate to budget preparation, including workload modeling, fact finding, efficiency studi...

CFCM Practice Test Questions and answers, VERIFIED/ How often are statutory acquisition-related dollar thresholds in the FAR adjusted for inflation. a. Annually b. Bi-Annually c. Every five years d. Only as required - -C. Every five years FAR 1.109 A form of written approval signed by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is defined as a: a. Ratification b. Determination and Findings c. Contracting Offi...