What circumstances may subcontractor secure guaranteed loan

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Reference no: EM132253523

Regrading Federal Government Contracting:

1. True or False:

The government has unlimited rights in technical data and computer software resulting directly from performance of experimental, developmental, or research work which was specified as an element of performance of a government contract or subcontract.

2. The need for advance payments generally indicates that the contractor is:

A. A cost-type contract

B. A fixed-price contract

C. Financially weak

D. All of the above

E. None of the above

3. Under what circumstances may a subcontractor secure a guaranteed loan?

A. Under no circumstance

B. Generally, under the same circumstances as prime contractors

C. Up to 50% of receivables

D. Up to 50% of inventory and work in process

E. Up to 70% of receivables

4. Who issues the demand for payment in the case of an overpayment?

A. Government

B. Contracting officer

C. Finance office

D. Payment office

Reference no: EM132253523

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