Con 2370 Simplified Acquisition Procedures Questions And Answers 100% Verified A+ Guaranteed

T03.E02 You are the contracting officer for a firm-fixed-priced services contract valued at $195,400. Which one of the following statements about contract closeout is correct? {Ans: The contract is considered closed once you receive evidence of receipt of property and final payment.}T01.E01 Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? {Ans: The purpose of SAP is to improve opportunities for small businesses to obtain a fair portion of Government contracts (1 of 2 known answers)}T03.E01b You are the contracting officer for a commercial services contract that contains options. You send the preliminary notice of your intent to extend the contract two days after the deadline outlined in the options clause. Which one of the following statements is correct? {Ans: the option can only be exercised using a bilateral modification.}T02.E01a You have a requirement for a noncommercial purchase with an estimated value of $225,000. Notice of the proposed contract action is required, and no exceptions apply. Which one of the following solicitation methods would be most appropriate? {Ans: Electronic, Commerce}T03.E03b (Commercial is the key word the other question has noncommercial) You have just been informed that a