1. Contract financing covers payment for goods or services to the Government. –True or False

2. When selecting a contract financing type, consider the requirement, new considerations made by the proposed contractor, and possible interest. –True or False

3. The CO should ensure that selected contract financing types are appropriate for the requirement, beneficial to the Government, and meet legal requirements as outlined by the FAR. –True or False

4. Interim public voucher is a method of contract invoicing under cost reimbursement contracts – True or False

5. Performance Based Payments are contract financing payments that are payment for accepted items. – True or False

6. Performance Based Payments are not fully recoverable, in the same manner as progress payments, in the event of default. –True or False

7. Loan guarantees are guarantees made by Federal Reserve banks, on behalf of designated guaranteeing agencies, to enable contractors to obtain financing from private sources under contracts for the acquisition of supplies or services for the national defense. – True or False

8. Advanced payments are a type of contract financing utilized in Non-commercial financing. – True or False

9. Cost based progress payments are not used in non-commercial financing. – True or False

10. Contract financing and contract financing clauses are utilized often to benefit the Government in price and quality. –True or False

Answer rating: 100% (QA)

1 False 2 True ... View the full answer