You have a requirement for water restoration services at your base in Louisiana. Three
services are of a type sold competitively in substantial quantities in the commercial
marketplace base on market prices. The estimated dollar value of the acquisition is
$1,250,000.
Which of the following is true? -----Right Answer----the use of simplified acquisition
procedures is authorized.
T03.E03a
You are the contracting office for a firm-fixed-price purchase order for commercial
supplies with a value of $565,000. Two weeks after delivery and acceptance of the
items, the user complains that the goods are not functioning as expected. You
Investigate and determine that the items are not fully compliant with the specification in
the contract. who would bear the cost of correcting the nonconforming supplies that
were accepted by the Government? -----Right Answer----The Contractor
T02.E05b
You just made a purchase for supplies in the amount of $22,300. You solicited
quotations orally from four local sources. Which of the following statements is correct
regarding providing notice to the unsuccessful suppliers? -----Right Answer----Notice to
the unsuccessful suppliers will only be given if requested.
T02.E04
You are the contracting officer for a requirement for commercial services with and
estimated value of $780,000. Four quotations were received in response to the
solicitation and market pricing is available. Which one of the following statements about
the price reasonableness determination is most appropriate? -----Right Answer----
Market research must be conducted or obtained to support the fair and reasonable
determination.
T03.E02
You are the contracting officer for a firm-fixed-priced services contract valued at
$105,975. Which one of the following statements about closeout is correct? -----Right
Answer----The contract is considered closed once you've received evidence of receipt of
service and final payment.
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