Question 1

If defective pricing is discovered after award:

Options :

A : The Government has no recourse

B : The contractor determines the amount of increase and bills the Government

C : The Government is entitled to a price adjustment if the amount is significant

D : A 15% penalty applies to any overpayment attributable to the contractor-s error

Answer: C

Question 2

All of the following are true concerning Project Wage Determinations EXCEPT:

Options :

A : They are issued at the specific request of a contracting agency

B : They are effective for 90 calendar days from the date of determination

C : They are used only when no general wage determination applies

D : They apply only to the contracts for which they were issued

Answer: B

Question 3

Consolidating two or more requirements for supplies or services, previously provided or performed under separate smaller contracts, into a solicitation for a single contract is defined as:

Options :

A : Combining

B : Consolidating

C : Bundling

D : Mixing

Answer: C

Question 4

There are two value engineering approaches, the:

Options :

A : Contractor approach and the Government program

B : Government approach and the contractor program

C : Incentive approach and the mandatory program

D : Mandatory approach and the incentive program

Answer: C

Question 5

Which of the following is the name of GSA's electronic system which allows ordering activities to post requirements, obtain quotes, and issue orders electronically:

Options :

A : GSA Advantage!

B : GSA Stock

C : E-Buy

D : Customer Supply Center

Answer: C

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