This question was created from CON200 MOD 8 & 9 Test part 1 https://www.coursehero.com/file/23656931/CON200-MOD-8-9-Test-part-1/
you are working on an undefinitized contract action (UCA) for the purchase of cargo hooks for the CH-47 chinook helicopter. the not-to-exceed (NTE) price is $7,000,000. Can you obligate the total amount at time of award? Why or why not? A) No, the regulations only allow you to obligate up to 20% of the NTE price prior to definitization. B) Yes, the regulations allow you to obligate 100% of the NTE price prior to definitization C) No, the regulations only allow your to obligate up to 50% of the estimated definitized contract cost price prior to definitization D) yes, the regulations allow your to obligate 20 percent of the NTW price prior to definitization.