You are the contracting officer for a firm-fixed price supply contract valued at $195,400. Which one of the following statements about contract closeout is correct? - CORRECT ANSWER The contract is considered closed once you receive evidence of receipt of property and final payment. Which of the following statements is true regarding the policies for the use of simplified acquisition procedures (SAP)? - CORRECT ANSWER Purchases shall be made in the simplified manner that is most suitable to the circumstances of the acquisition. You have just been informed that a purchase order you recently awarded for commercial supplies is no longer needed and must be cancelled. The order was not accepted in writing by the contractor. Which one of the following statements is true? - CORRECT ANSWER The purchase order is considered cancelled if the contractor accepts the Government's written cancellation and does not claim costs were incurred. Which one of the following statements about the evaluation of quotations or offers using SAP is true? - CORRECT ANSWER Quotations or offers must be evaluated using the basis stated in the solicitation. You just made an award for services in the amount of $235,200 based on price and past performance. One of the unsuccessful vendors has requested information on the award decision. Which one of the following describes the action you must take? - CORRECT ANSWER You must provide a brief explanation of the basis for the award decision. You have a one-time requirement for a purchase of noncommercial supplies with an estimated value of $235,000. The supplies are not immediately. Which one of the following simplified acquisition methods would be the most appropriate to use? - CORRECT ANSWER Purchase Order You have a requirement for a new contract for grounds maintenance at your military installation. The Base Commander has expressed the need for clearly stated performance objectives, as the current contractor performaing the services is not meeting the Commander's expectations. Consistent with order of precedence for requirements documents, which one of the following documents would be included in the new contract? - CORRECT ANSWER A Performance Work Statement (PWS) Which one of the following is NOT a mandatory Government source for satisfying a supply requirement? - CORRECT ANSWER Commercial sources You have a requirement for a purchase with an estimated value of $8,700. Which one of the following describes the competition requirement for this acquisition? - CORRECT ANSWER There is no requirement for competition if the price is considered reasonable. Which one of the following is NOT one of the first steps taken when quotations are received in response to a solicitation using SAP? - CORRECT ANSWER Ranking the quotations by technical acceptability You have a requirement for repair parts to support routine maintenance services at the shop on your base.