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11 the wanabee big corp a small high tech defense

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11) The Wanabee Big Corp., a small, high-tech defense contractor, possesses technicalabilities considered essential to the Department of Defense. Wanabee manufacturesseveral key, military-unique components for the critical F-29 fighter jet. Unfortunately,the company’s financial condition is weak. The chief executive officer (CEO) recentlycontacted the government procuring contracting officer (PCO) and requested advancepayments on a just-signed $18 million contract. The PCO has determined thatWanabee meets all the statutory requirements and standards. What action should thePCO now take?[Identify the conditions for using loan guarantees, advance payments, and interimvouchers.][Remediation Accessed :N]Recommend that the agency authorize non-commercial advance payments sinceWanabee’s technical ability is considered essential to the agency.Provide commercial advance payments, but continue to closely monitor thecontractor’s performance and financial condition to reduce the government’s financialrisk.Inform Wanabee that the risk associated with their weak financial conditionautomatically makes them ineligible for any type of financing.Instruct Wanabee to initiate paperwork to get a loan guarantee through theFederal Reserve Bank instead of advance payments.
Exam - Mods 6 and 7Here 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 linksnot visited and 'Y' represents visited links.Back to Status pagecontains 3 Questions1) You are asked to determine if one of several contractors submitting offers on asolicitation is responsible. The requirement is for critically needed parts and has ashort turn-around time from award to delivery. Based on data you obtain, you notice
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Chapter 4 / Exercise 23
Introduction to Probability and Statistics
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that this contractor is operating three fully manned shifts a day and has severalmonths of backlogged work still waiting to start. Under which General Standard ofResponsibility might you determine the contractor to be non-responsible?[Identifythe standards of contractor responsibility.]
2) The selection of good payment events is critical to the performance-basedpayment process. Which of the following statements represents a commoncharacteristic of good performance-based payment events?[Select the appropriate non-commercial contract financing terms and conditions for a given contract (performance-basedpayments and progress payments).]
3) You receive a call from a contractor regarding interim cost vouchers. He needs toget permission to submit their interim cost vouchers directly to the payment office.Whose approval is required to allow the contractor to send his interim vouchersdirectly to the payment office?[Identify the conditions for using loan guarantees, advancepayments, and interim vouchers.]
Head of theAgencyProcurement ContractingOfficer
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Contractual term, contractor, contracting officer, Defense Contract Audit Agency
We have textbook solutions for you!
The document you are viewing contains questions related to this textbook.
Introduction to Probability and Statistics
The document you are viewing contains questions related to this textbook.
Chapter 4 / Exercise 23
Introduction to Probability and Statistics
Beaver/Mendenhall
Expert Verified

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