1 In which of the following contract types is it easier to change the scope of the contract:
A firm fixed price
B fixed price plus incentive fee
C cost plus percentage of cost
D letter contract
E None of the above.
ans:C
2 Which of the following processes allow an unsuccessful bidder to seek remedy for contract award to another bidder.
A bid protest
B bid review
C award Protest
D award review
E any of the above processes can be used
ans:A
3 The "buy or make" decision is usually made during the:
A acquisition cycle
B contract evaluation cycle
C requirements cycle
D pre-award cycle
E at any time that is convenient for the project manager
ans:C
4 Back charges refers to:
A transferring charges from sub-contractors to the owner
B adjusting payments to reflect late invoices consequence
C the cost of corrective action taken by the owner and charged to the contractor for non-conformance
D gaining restitution from the owner for non payment
E C and D only
ans:C
5 Which of the following is equivalent to a lump sum contract:
A fixed price contract
B price fixing contract
C purchase order
D All of the above.
E B and C only
ans:A
6 Which of the following terms is used to describe the receipt issued by a carrier for items to be delivered to a third party:
A free on board
B receipt for merchandise
C packaging list
D loading list
E bill of lading
ans:E
7 Which of the following is associated with a buyer's request for material to meet a particular need:
A material warranty
B material guarantees
C implied warranty of salability
D implied warranty of fitness for a particular purpose
E A and C only
ans:D
8 The comprehensive review of a contractor's technical performance, cost performance, and delivery schedule, is referred to as:
A post project evaluation
B post contract evaluation
C post mortem
D procurement performance evaluation
E contractor's performance evaluation
ans:E
9 Which of the following terms refers to the situation where the work is being used for the purpose intended and so certified:
A beneficial completion
B substantial completion
C project completion
D contract closeout
E final completion
ans:B
10 A deficiency in characteristics that render the quality of the material/service unacceptable is usually referred to as:
A defective
B defect
C non-conformance
D poor workmanship
E lack of fitness for use
ans:C
11 The formal invitation to submit a price for specified goods/services is usually referred to as:
A request for proposal
B request for quotation
C tender invitation
D bid invitation
E A and B only
ans:B
12 Which of the following is not part of contract administration
A contract award
B performance control
C financial control
D contract closeout
E All of the above are parts of contract administration.
ans:A

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