What are the most commonly used methods to determine the amount of an equitable adjustment? Select all that apply.

Jury Verdict

DCMA Audit

Total Cost

Reasonable Cost

If the Contractor does not agree with the Contracting Officer's unilateral decision on an equitable adjustment request, what recourse can they pursue?

Submit another request for equitable adjustment.

Discontinue contract performance.

File a claim

File a lawsuit

An Improvement Curve represents the theory that a decline in unit cost can be predicted mathematically. What are some ways in which cost improvements can be realized in contracting? Select all that apply.

Worker learning through repetition

Process improvement

Tooling or material improvement

Spread of fixed costs over higher production quantity

Table 15-2 II.Brequires the _______________ to delete the estimated cost of the original work (Column 2) minus any work already performed (Column 3). The total amount to be deleted, then, is in Column 4.

KTR

Sub-Contractor

Government

Private Company

Table 15-2 II.B then requires the KTR to estimate the cost of the new work to be added (Column 5). Finally, Column 4 (the deleted work) is subtracted from Column 5 (the new work) to determine the total amount claimed for the __________________________________.

Cost

Pricing Data

Equitable Adjustment

KTR

Circle the three methods for evaluating the reasonableness of requests for equitable adjustments.

Reasonable cost

Deliberation

Jury Verdict

Total Cost

Consider whether __________ rates "as proposed" are justified by supporting facts, detailed expenditure plan, etc.

Government

Jury

KTR

KO

What is a dispute?

A disagreement between the Government and the KO.

A disagreement between the Government and the contractor.

A disagreement between the negotiator and the contractor.

A disagreement between the KO and the Contract Specialist.

What does a Contracting Officer's Final Decision include? FAR 33.211(a)(4) Contracting Officers Decision: Select all that apply.

Description of the claim or dispute.

Reference to the pertinent contract terms.

Statement of the factual areas of agreement and disagreement.

Statement of the contracting officer's decision, with supporting rationale.

FAR 52.215-10(a): If any price, including profit or fee, negotiated in connection with this contract, or any cost reimbursable under this contract, was increased by any significant amount because - (Circle all that apply.)

The Contractor or a subcontractor furnished certified cost or pricing data that were not complete, accurate, and current as certified in its Certificate of Current Cost or Pricing Data;

A subcontractor or prospective subcontractor furnished the Contractor certified cost or pricing data that were not complete, accurate, and current as certified in the Contractor's Certificate of Current Cost or Pricing Data;

Any of these parties furnished data of any description that were not accurate, the price or cost shall be reduced accordingly and the contract shall be modified to reflect the reduction.

The Government will cancel the contract.

What are the three types of termination of a Government contract? Circle all that apply.

Termination for convenience

Termination for cause

Termination for default

Termination for price

FAR 49.101(c): When the price of the undelivered balance of the contract is less than $5,000, the contract should not normally be terminated for convenience but should be permitted _________________________.

To start from the beginning

To run to completion

To stop and not continue

None of the above

FAR 42.1501(a): ______________________ information is relevant information (including ratings & supporting narratives), for future source selection purposes, regarding a contractor's actions under previously awarded contracts or orders.

Future performance

Provided performance

Past performance

Government performance

The contract is funded at ____________ price until the ___________ price mod is issued.

target, final

target, data

final, target

None of the above