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100

If ASP charts are used for the acquisition plan, what must be included?

Must have signatures and all documentation otherwise contained in an AP.

100

What is Consolidation?

Combining two or more requirements that have previously been contracted for separately into one contract regardless of the size of the firms that previously provided the goods/services.

100

What is the difference between cost and price analysis?

Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. 

Cost analysis examines all the individual cost elements of a proposed price.

100

An Acquisition Plan is the responsibility of the Contracting officer.

False: it is considered a “program document.” However, it needs to be developed by both the requirements owner and the contracting officer.

100

___ must always be used when evaluating proposals.

Price Analysis

200

When performing price analysis, what are you analyzing?

Bottom line proposed price

200

What is Bundling?

Combining two or more requirements that have previously been contracted for separately into one contract when one or more of the efforts were previously performed or could be performed by small businesses.

200

What should the PCO take into consideration if using comparison to historical prices?

Prior price must be valid, quantity, time frame, extent of competition, market conditions, similarity of terms and conditions.

200

The ASP comes after the acquisition plan.

False: The ASP precedes the coordination/signature of the AP

200

___ is the preferred method of price analysis.

(1)Adequate price competition or (2)Comparison to historical prices. Both acceptable answers.

300

What are the Formal (written) Acquisition Plan thresholds?

Development R&D: >$10M

Production (supplies)/Services: >$50M for all years or >$25M for any Fiscal Year

300

Bundling requirements make it unsuitable for award to who?

To a small business

300

What are the roles of DCMA, DCAA?

DCMA: field pricing support, FPRA, FPRR.

DCAA: audit services of specific contractors.

300

Acquisition planning ensures the government enters into a fair and reasonable agreement.

False: the AP ensures the government meets its needs in the most effective, economical, and timely manner.

300

The exceptions to certified cost or pricing data are ____. (4)

Adequate price competition, prices set by law or regulation, commercial items, cost or pricing data waived by the HCA.

400

What is needed if there are significant changes to the program/acquisition?

Revised AP with a statement summarizing the changes, must be approved by the appropriate approval authority.

400

Approval authority for consolidation, what dollar value?

SCO is the approval authority if greater than $2M, shall coordinate with Small Business

400

What is the threshold for requiring Pricing/PZCF support?

PEO/Systems $25M or more

All other $10M or more

All competitive acquisitions $100M or more

400

Price analysis requires the PCO to analyze the profit separately.

False: Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit.

400

Indirect costs are ____.

Indirect costs are costs that cannot practically be assigned directly to the production, repair, or service. These costs are not directly identifiable with a specific cost objective.

500

What are the direct and indirect elements of cost?

Labor, Material, ODC, Overhead & G&A, Cost of Money

500

Approval authority for bundling, what dollar value?

Senior Procurement Executive (SPE), at any dollar value

500

List the price analysis techniques. (7)

Adequate price competition, comparison to historical prices, published price lists, IGE, MR of same or similar items, parametric analysis, analysis of other than certified cost or pricing data.

500

Other Direct Costs (ODC) is a cost that can be identified specifically with a final cost objective.

True: ODC is a cost that can be identified specifically with a final cost objective that the offeror does not treat as a direct material cost, direct labor cost, or indirect cost.

500

Acquisition planning is required for ____.

Acquisition planning is required for all acquisitions.

600

What is the difference between certified cost or pricing data and other than certified cost or pricing data?

Certified: pricing data, cost data and judgmental information necessary for the CO to determine a fair and reasonable price, may also include sales data and any information reasonably required to explain the offeror’s estimating process. Offeror is certifying the data as current accurate and complete. 

Other than Certified: may include identical types of data as certified cost or pricing data but without the certification.

600

What must be documented to justify consolidation or bundling?

Quantifiable benefits

600

What are the actions that do not require an AP? (8)

TO/DO IAW basic contract; modifications within scope of contract; replenishment parts; basic research; any action <SAT; final buyout/one-time buy; SBIR/STTR (SB innovation Research/ SB Technology Transfer Program); simplified procedures for certain commercial items covered in FAR part 13.5.

600

Certified cost or pricing data are required when exercising an option at the price established at contract award.

False: certified cost or pricing data are not required at the exercise of an option at the price established at contract award.

600

Acquisition planning should begin ____.

Acquisition planning should begin as soon as the requirement is known.

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