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Federal Acquisition Regulations Flashcards

7 cards from real ASO practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Federal Acquisition Regulations flashcards as text
  1. Under FAR, a 'Termination for Convenience' clause in a security contract allows the government to:

    Answer: End the contract at any time for the government's benefit, compensating the contractor for allowable costs incurred

    Termination for Convenience (FAR 52.249-1/2) allows the government to stop work at will; the contractor is entitled to recover allowable costs and a reasonable profit on work performed.

  2. An armed security officer's post is covered under a Cost-Plus-Fixed-Fee (CPFF) federal contract. This means the contractor:

    Answer: Is reimbursed for allowable costs plus a pre-negotiated fixed fee regardless of actual costs

    Under CPFF, the government reimburses the contractor's allowable, allocable, and reasonable costs and pays a fixed fee that does not vary with actual costs.

  3. When a federal security contract requires Personal Identity Verification (PIV) credentials for access, the relevant FAR clause is:

    Answer: FAR 52.204-9

    FAR 52.204-9 (Personal Identity Verification of Contractor Personnel) requires contractors to comply with agency procedures for issuing and controlling PIV credentials.

  4. Under FAR's protest procedures, if a security contractor believes the government improperly awarded a contract to a competitor, it may file a protest with:

    Answer: The Government Accountability Office (GAO) or the Court of Federal Claims

    Unsuccessful offerors may protest to the GAO (within 10 days of award notice) or the Court of Federal Claims to challenge the award decision.

  5. A federal armed security contract includes a 'Right to Audit' clause. This means:

    Answer: The government has the right to inspect and audit the contractor's books and records related to the contract

    FAR 52.215-2 (Audit and Records — Negotiation) gives the government access to the contractor's financial records to verify costs claimed under the contract.

  6. Under FAR, a 'Cure Notice' sent to a security contractor signals that:

    Answer: The contractor has 10 days to correct a condition that endangers contract performance

    A Cure Notice (FAR 49.607) gives the contractor 10 days to remedy a performance failure before the government may terminate for default.

  7. Which System of Award Management (SAM.gov) registration status is required before a security company can receive a federal contract award?

    Answer: Active registration with no exclusions

    FAR 4.1102 requires contractors to have an active SAM.gov registration with no active exclusions at the time of contract award and throughout performance.