Government may need to make changes to contract

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Reference no: EM132258799

Regarding Federal Government Contracting:

1. The Government may need to make changes to the contract for the following reasons:

A. Delivery changes

B. Technology changes

C. Need changes

D. All of the above

E. None of the above

2. The _____ approach to determining an equitable adjustment is based on the determination of the actual cost of a change.

A. Reasonable cost

B. Total cost

C. Specific cost

D. Constructive cost

E. None of the above

3. Negotiations for an equitable adjustment should be handled as any other _____ negotiation.

A. Competitive

B. Sole source

C. Equitable

D. Constructive

E. All of the above

4. If option prices were determined to be fair and reasonable at contract award:

A. The prices could be subject to adjustment under other clauses

B. The contracting officer must make another determination of the fairness and reasonability of the prices

C. The prices are not subject to any adjustment

D. Both (A) and (B)

Reference no: EM132258799

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