exam 8 and 9.pdf - DAU Page 1 of 4 Exam Mods 8 and 9 Here is your test result.The dots represent the choices you have made The highlighted questions are

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Exam - Mods 8 and 9 Here is your test result.The dots represent the choices you have made. The highlighted questions are the questions you have missed. Remediation Accessed shows whether you accessed those links.'N' represents links not visited and 'Y' represents visited links. Back to Status page contains 14 Questions 1) How does a cost-plus-incentive-fee (CPIF) contract differ from a fixed-price incentive firm (FPIF) contract? [Contrast the key characteristics of the various types of incentive contracts.] [Remediation Accessed :Y] CPIF contracts do not have a ceiling price. CPIF contracts do not have an underrun share ratio. CPIF contracts do not have an overrun share ratio. CPIF contracts do not include targets for use in determining the amount the government will pay for the supplies or services. 2) Incentive contracts are designed to attain specific acquisition objectives by rewarding contractor achievements that exceed stated targets and withholding incentives when contractors fail to attain stated targets. Under these contracts, how is the profit/fee affected? [Recognize concerns that affect the use of incentive contracts.] [Remediation Accessed :Y] Profit/fee increases when contract performance targets are surpassed. Profit/fee does not change regardless of the contractor’s performance under the contract. Profit/fee decreases when contract performance targets are surpassed. Profit/fee incentives are tied only to the contractor’s achievement of subjective criteria. 3) Federal agencies are required to include an overall price ceiling in a contract when the award is based on competition; however DoD contracting officers are NOT required to include any type of price ceiling in any of its undefinitized contract actions.
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