Question 1 2 out of 2 points After the closing date for receipt of proposals, Yellow informed the contracting officer (KO) that there was a problem with their proposal. Yellow acknowledged that its proposal did not satisfy solicitation requirements and requested that it be allowed to offer a different design to satisfy the solicitation requirements. The KO conferred with Yellow and permitted them to revise their proposal. Which statement is TRUE regarding the KO’s action? Selected Answer: b. Unless the other offerors were allowed an opportunity to revise their proposals, the KO’s decision represents an unfair competitive advantage and is a protestable action. Answers: a. The KO’s decision was proper since Yellow was only attempting to clarify its proposal and clarifications may be used to cure proposal deficiencies or material omissions, materially alter the technical or cost elements of the proposal, or otherwise revise the proposal. b. Unless the other offerors were allowed an opportunity to revise their proposals, the KO’s decision represents an unfair competitive advantage and is a protestable action. c. The KO’s decision to accept a revised proposal from Yellow was appropriate even if the identified concerns were deficiencies and could only have been corrected through discussions. d. Even if the agency found Yellow’s proposal to be technically unacceptable, the agency was still required to consider the Yellow’s lower proposed price in its tradeoff decision. Response Feedback: That is correct! Question 2 2 out of 2 points The PCO’s role as a business advisor is paramount in the source selection process. Given an acquisition program with an estimated value of $105 million, select the response that accurately reflects one of the PCO’s specific responsibilities during a source selection of this value. Selected Answer: a. Ensure that procedures exist to safeguard source selection information and contractor bid or proposal information. Answers: a. Ensure that procedures exist to safeguard source selection information and contractor bid or proposal information. b. Directly oversee the evaluation team to ensure the evaluation is conducted in accordance with the evaluation criteria specified in the solicitation. c. Select the source whose proposal represents the best value to the Government. d. Makes a determination to award without discussions or to enter into discussions. Response Feedback: That is correct! Question 3 2 out of 2 points You have a contract that seems ready for closeout. Your research indicates that the contract is physically complete; even though the final invoice has not yet been paid. According to FAR 4.804-4, a “physically complete” contract includes which one of the following conditions? Selected Answer: b. All option provisions have expired Answers: a. The past performance information has been completed b. All option provisions have expired c. Pending claims are with the final arbiter. d. All payments (except for the final payment) have been made Response Feedback: Correct Question 4 2 out of 2 points Which statement is NOT true regarding cost realism analysis? Selected Answer: a. You are limited to making upward adjustments as you develop a probable cost estimate. Answers: a. You are limited to making upward adjustments as you develop a probable cost estimate. b. You may use cost realism analysis as a factor in evaluating the offeror's understanding of contract technical requirements and the risk associated with the offeror's technical proposal.

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