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4) You award a $2,000,000 contract to a small disadvantaged business. The contract includes a progress payment rate of 90%. One month after award, the contractor submits his first progress payment request with total incurred costs to-date of $250,000. How much is the contractor eligible to receive? [Calculate the appropriate contract financing payment amount for performance-based payments and progress payments.]$225,000$0$250,000$25,0005) You receive a call from a contractor regarding interim cost vouchers. He needs to get permission to submit their interim cost vouchers directly to thepayment office. Whose approval is required to allow the contractor to send his interim vouchers directly to the payment office? [Identify the conditions for using loan guarantees, advance payments, and interim vouchers.]
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 pagecontains 14 Questions1) One of the key characteristics that differentiates the various types of incentive contracts is whether or not objective targets can be established for performance. Which incentive type contract is most appropriate when objective targets for performance can be established? [Contrast the key characteristics of the various types of incentive contracts.]2) When examining the effectiveness of award and incentive fees in Department of Defense (DoD) contracts, the Government Accountability Office (GAO) found that the power of monetary incentives to motivate excellent contractor performance and improve acquisition outcomes is diluted by the way DoD structures and implements incentives. [Recognize concerns that affect the use of incentive contracts.]3) What is an undefinitized contract action? [Identify the key characteristics of an undefinitized contract action (UCA).]