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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 manufactures several key, military-unique components for the critical F-29 fighter jet. Unfortunately, the company’s financial condition is weak. The chief executive officer (CEO) recently contacted the government procuring contracting officer (PCO) and requested advance payments on a just-signed $18 million contract. The PCO has determined that Wanabee meets all the statutory requirements and standards. What action should the PCO now take? [Identify the conditions for using loan guarantees, advance payments, and interimvouchers.][Remediation Accessed :N] Exam - Mods 6 and 7 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 3 Questions1) You are asked to determine if one of several contractors submitting offers on a solicitation is responsible. The requirement is for critically needed parts and has a short turn-around time from award to delivery. Based on data you obtain, you notice
that this contractor is operating three fully manned shifts a day and has several months of backlogged work still waiting to start. Under which General Standard of Responsibility might you determine the contractor to be non-responsible? [Identify the standards of contractor responsibility.]2) The selection of good payment events is critical to the performance-based payment process. Which of the following statements represents a common characteristic of good performance-based payment events? [Select the appropriate non-commercial contract financing terms and conditions for a given contract (performance-based payments and progress payments).]3) You receive a call from a contractor regarding interim cost vouchers. He needs to get permission to submit their interim cost vouchers directly to the payment 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.]
Head of the Agency Procurement Contracting Officer