Con 2370 Simplified Acquisition Procedures | 61 Questions And Answers(A+ Solution Guide)

T03.E03a You are the contracting office for a firm-fixed-price purchase order for commercial services with a value of $1,425,000. Your customer has notified you that one of the contractually required reports accepted by the government was submitted five days late. You Investigate and verify that the report was submitted late. Which one of the following statements regarding the nonconforming performance is FALSE? {Ans: The Government must pay for reperformance of the nonconforming service because the report was accepted.}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.}T01.E06 You have a requirement for repair parts to support routine maintenance services at the shop on your base. the parts are sold to the general public and are used for nongovernmental purposes. The estimated dollar value of the acquisition is $625,000. Which one of the following statements is true? {Ans: The use of simplified acquisition procedures is authorized.}T01.E05 Which one of the following market research