FAC-C Professional Diagnostic Exam (Sample)

1. Which contract type places the maximum risk and full responsibility for all costs and resulting profit or loss on the contractor?

2. Under the Procurement Integrity Act, a federal official is prohibited from accepting compensation from a contractor for one year after leaving federal service if that official served in which of the following roles for a contract in excess of $10 million?

3. When acquiring commercial items under FAR Part 12, which of the following clauses is required to be included in the solicitation and contract?

4. In a tradeoff process source selection, the solicitation states that "Technical Approach is significantly more important than Past Performance, and both combined are significantly more important than Price." The CO selects a higher-priced offeror with a superior technical approach. What document must the CO write to support this decision?

5. A Contracting Officer is awarding a contract for commercial services estimated at $200,000. This is below the Simplified Acquisition Threshold (SAT). According to FAR 13.106-1, how must the CO select sources?