Dec 12

CFCM Study Guide & Practice Questions 2018/19

CFCM Contract Management Exam Study Guide & Practice Questions 2018/19 

For CFCM, FAR is definitely the focus. Still, knowledge on commercial acquisition and contract is essential as it forms the foundation of modern contract management. You should therefore go through the sections on business procurement and commercial contracting in addition to studying FAR. In this study product we have both contracting-specific and FAR knowledge sections. You want to know that the CFCM exam has been updated to cover FAR changes of FACs 05-46 through 05-57. A special section is accordingly made available in this book to provide information on the more important changes that are deem relevant for the exam. GB knowledge topics are no longer covered in this book.

Order link: https://www.createspace.com/8071204

Practice questions only module: https://www.createspace.com/8071207

Table of Contents

INTELLECTUAL PROPERTIES, TRADEMARKS AND COPYRIGHTS 1
CONTENTS UPDATE 2
PAGE FORMATTING AND TYPEFACE 2
EXAM TOPICS COVERED IN THIS BOOK 2
PRACTICE QUESTIONS 2
OVERVIEW 6
DEFINITIONS … 6
WHAT FAR IS ALL ABOUT 8
CONTRACT FORM 9
PURCHASING ORGANIZATION, CONTRACTOR AND EMPLOYEE 10
PRE-AWARD ACTIVITIES VS POST-AWARD ACTIVITIES 11
ACQUISITION PLANNING 13
OVERVIEW 13
REQUIREMENTS AND CONSIDERATIONS 13
PERFORMANCE BASED ACQUISITION PLANNING 14
SUPPLIER PRE-QUALIFICATION 16
SOURCE SELECTION PLAN 17
OTHER TOOLS AND METHODS FOR PROCUREMENT 18
RFP IN–DEPTH 20
METHODS OF PUBLICIZING PROCUREMENT NOTICE 22
A TYPICAL TENDERING AND BID EVALUATION PROCESS 23
COMMON PROCEDURES FOR PLACING ORDERS 25
RISK MANAGEMENT 27
ASSESSING THREATS 27
BCP, DRP AND COOP 28
MANAGING BUSINESS CONTRACT 29
THE MOST POPULAR FIXED PRICE CONTRACT TYPES IN GENERAL 29
THE MOST POPULAR COST CONTRACT TYPES 30
OTHER POPULAR CONTRACT TYPES 30
CONTRACT NEGOTIATION 31
CONTRACT MANAGEMENT AND ADMINISTRATION 33
SPECIFICATIONS 36
DELIVERY OR PERFORMANCE SCHEDULE REQUIREMENTS 37
CONTRACT COMPENSATION AND FINANCING 38
LIQUIDATED DAMAGES AND PARENT COMPANY GUARANTEES 39
LONG STOP DATES, COMPENSATION EVENTS AND RELIEF EVENTS 40
CONTRACT MONITORING, SPECIAL CHANGES AND ACCEPTABLE PERFORMANCE 41
CONCERN ON SUBCONTRACTING AND THE STEP IN RIGHTS 43
CONTRACT CLOSEOUT 44
THE NCMA CODE OF ETHICS 45
MORAL TURPITUDE 45
ANTI-TRUST 46
BUSINESS CONTRACT LEGAL ELEMENTS 48
OVERVIEW 48
CAPACITY AND INSANITY 49
LEGAL AUTHORITY 49
SOURCE OF LAW AND JURISDICTION 50
OFFER, ACCEPTANCE, AND INVITATION TO TREAT 53
CONSIDERATION 54
DISCHARGING OR INVALIDATING A CONTRACT 56
CONTRACTUAL MISTAKES 58
CONTRACT INTERPRETATION 58
BREACH OF CONTRACT AND POSSIBLE DEFENSES 60
DAMAGE RECOVERY 61
MEASURING DAMAGES 62
VOID CONTRACT, VOIDABLE CONTRACT, AND UNENFORCEABLE CONTRACT 63
MISREPRESENTATION AND MISTAKE OF FACTS 64
SETTING THE ORDER OF PRECEDENCE 64
ENTIRE AGREEMENT 64
CONTRACT EXHIBITS 65
TIME CLAUSE 65
REWARDS 66
INCORRECT PAYMENTS 66
INSPECTION AND ACCEPTANCE 67
CHANGE ORDER PROCEDURES 67
EXPLICITLY SPELLED OUT REMEDIES 68
TERMINATION FOR DEFAULT/CAUSE 69
SATISFACTION CLAUSE 69
OTHER CLAUSES 70
AGENCY RELATIONSHIP IN THE CONTEXT OF LAW 71
ADR 73
SOME IMPORTANT PROVISIONS OF THE UCC ARTICLE 1 75
SOME IMPORTANT PROVISIONS OF THE UCC ARTICLE 2 AND 2A 76
SPECIAL READING – IMPLICATIONS OF THE LATEST CASE LAW 83
CLAUSES UPDATED BY THE CONTRACT OFFICER 84
STUDYING THE IMPORTANT TERMS OF FAR 85
OVERVIEW 85
3.2 CONTRACTOR GRATUITIES TO GOVERNMENT PERSONNEL 90
3.4 CONTINGENT FEES 90
3.5 OTHER IMPROPER BUSINESS PRACTICES 91
3.6 CONTRACTS WITH GOVERNMENT EMPLOYEES OR ORGANIZATIONS OWNED OR CONTROLLED BY THEM 91
4.1 CONTRACT EXECUTION 92
4.4 SAFEGUARDING CLASSIFIED INFORMATION WITHIN INDUSTRY 92
4.7 CONTRACTOR RECORDS RETENTION 92
4.8 GOVERNMENT CONTRACT FILES 93
6.1 FULL AND OPEN COMPETITION 93
6.2 FULL AND OPEN COMPETITION AFTER EXCLUSION OF SOURCES 93
6.3 OTHER THAN FULL AND OPEN COMPETITION 94
9.1 RESPONSIBLE PROSPECTIVE CONTRACTORS 94
9.2 QUALIFICATIONS REQUIREMENTS 95
11.3 ACCEPTABLE MATERIAL 95
11.4 DELIVERY OR PERFORMANCE SCHEDULES 95
11.5 LIQUIDATED DAMAGES 96
11.7 VARIATION IN QUANTITY 96
12.2 SPECIAL REQUIREMENTS FOR THE ACQUISITION OF COMMERCIAL ITEMS 97
12.3 SOLICITATION PROVISIONS AND CONTRACT CLAUSES FOR THE ACQUISITION OF COMMERCIAL ITEMS 98
14.1 USE OF SEALED BIDDING 98
14.2 SOLICITATION OF BIDS 99
14.3 SUBMISSION OF BIDS 100
14.4 OPENING OF BIDS AND AWARD OF CONTRACT 100
14.5 TWO-STEP SEALED BIDDING 102
15.1 SOURCE SELECTION PROCESSES AND TECHNIQUES 103
15.2 SOLICITATION AND RECEIPT OF PROPOSALS AND INFORMATION 103
15.4 CONTRACT PRICING 104
15.5 PREAWARD, AWARD, AND POSTAWARD NOTIFICATIONS, PROTESTS, AND MISTAKES 105
15.6 UNSOLICITED PROPOSALS 106
16.2 FIXED-PRICE CONTRACTS 106
16.3 COST-REIMBURSEMENT CONTRACTS 106
16.4 INCENTIVE CONTRACTS 108
16.5 INDEFINITE-DELIVERY CONTRACTS 109
16.6 TIME-AND-MATERIALS, LABOR-HOUR, AND LETTER CONTRACTS 110
17.1 MULTI-YEAR CONTRACTING 110
22.3 CONTRACT WORK HOURS AND SAFETY STANDARDS ACT 111
22.6 WALSH-HEALEY PUBLIC CONTRACTS ACT 111
22.8 EQUAL EMPLOYMENT OPPORTUNITY 111
22.9 NONDISCRIMINATION BECAUSE OF AGE 112
22.10 SERVICE CONTRACT ACT OF 1965, AS AMENDED 112
22.15 PROHIBITION OF ACQUISITION OF PRODUCTS PRODUCED BY FORCED OR INDENTURED CHILD LABOR 112
22.17 COMBATING TRAFFICKING IN PERSONS 113
24.1 PROTECTION OF INDIVIDUAL PRIVACY 113
24.2 FREEDOM OF INFORMATION ACT 114
25.1 BUY AMERICAN ACT—SUPPLIES 114
25.7 PROHIBITED SOURCES 114
28.1 BONDS AND OTHER FINANCIAL PROTECTIONS 115
32.1 NON-COMMERCIAL ITEM PURCHASE FINANCING 115
32.2 COMMERCIAL ITEM PURCHASE FINANCING 116
32.9 PROMPT PAYMENT 117
33.1 PROTESTS 118
43.2 CHANGE ORDERS 118
44.2 CONSENT TO SUBCONTRACTS 120
46.2 CONTRACT QUALITY REQUIREMENTS 120
46.4 GOVERNMENT CONTRACT QUALITY ASSURANCE 121
46.5 ACCEPTANCE 121
46.7 WARRANTIES 122
46.8 CONTRACTOR LIABILITY FOR LOSS OF OR DAMAGE TO PROPERTY OF THE GOVERNMENT 123
49.1 GENERAL PRINCIPLES 124
49.4 TERMINATION FOR DEFAULT 124
FAR PART 52 126
ABOUT WOSB 127
ABOUT BPA 128
MARKET RESEARCH 129
LATEST RULES AND REQUIREMENTS 129
FACS 05-46 THROUGH 05-57 131
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-57 131
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-56 131
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-55 132
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-54 132
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-53 133
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-52 133
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-51 134
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-50 134
IMPORTANT POINTS TO REMEMBER CONCERNING FAC 2005-46~49 135
FEDERAL GRANTS 136
PRACTICE QUESTIONS 140

 
If you have passed the exam, this fashion item may be right for you:

 

 

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