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| Section | Weight | Objectives |
|---|---|---|
| Contract Formation | 20% | - Source Selection and Evaluation - Solicitation Development - Negotiation Strategies - Contract Type Selection |
| Legal and Regulatory Compliance | 25% | - Contractor Ethics and Integrity - Statutory and Regulatory Requirements - Federal Acquisition Regulations (FAR) - Intellectual Property Rights - Dispute Resolution |
| Leadership and Strategic Management | 20% | - Strategic Planning - Communication Skills - Career Development - Stakeholder Management - Team Building and Leadership |
| Contract Closeout | 15% | - Final Payment and Release - Lessons Learned - Records Retention - Contract Completion Procedures |
| Contract Execution | 20% | - Contract Award and Administration - Quality Assurance - Performance Monitoring - Risk Management |
>> Sample CPCM Questions Answers <<
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NEW QUESTION # 20
In this contract type, the buyer reimburses the seller for appropriate costs associated with contract performance and pays an established fee that is negotiated at the outset and does not vary.
Answer: B
Explanation:
The correct answer is D (Cost-plus-fixed-fee, CPFF) because this contract type, as defined in NCMA CMBOK and aligned with federal acquisition principles, involves reimbursing the contractor for all allowable, allocable, and reasonable costs incurred during performance, plus a fixed fee that is negotiated at the time of contract award. This fee does not change regardless of the contractor's actual cost performance, provided the contract scope remains unchanged.
The CPFF structure is commonly used when requirements are not sufficiently defined to allow for a fixed- price arrangement, such as in research and development efforts. It provides flexibility to the buyer while ensuring the contractor receives a predetermined fee for their efforts.
Option A (Firm-fixed-fee) is incorrect terminology; the correct term is firm-fixed-price (FFP) , which does not reimburse costs separately. Option B (CPAF) involves a variable fee based on subjective performance evaluation, and Option C (CPIF) includes a fee that adjusts based on cost performance against a target, both of which contradict the "does not vary" condition in the question.
CMBOK highlights that selecting the appropriate contract type during the award phase is essential to properly allocate risk and incentivize contractor performance. CPFF places most cost risk on the buyer while providing cost reimbursement assurance to the contractor with a stable, predetermined fee.
NEW QUESTION # 21
The technique used to evaluate realism is known as:
Answer: A
NEW QUESTION # 22
What comprises the body of those principles and rules of action that derive their authority not from legislative enactments but from usages and customs or from judgments?
Answer: C
NEW QUESTION # 23
Changes are an inevitable part of contracting, because no one can predict the future with perfect accuracy.
Answer: B
NEW QUESTION # 24
Supply chain management advocates told buyers that they needed to:
Answer: B
NEW QUESTION # 25
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