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| Section | Objectives |
|---|---|
| Contract Management Foundations | - Contract Principles and Lifecycle
|
| Business and Supply Chain Management | - Business and Financial Acumen
|
| Legal, Regulatory, and Ethics | - Legal and Regulatory Framework
|
| Pre-Award Activities | - Acquisition Planning
|
| Post-Award Contract Management | - Contract Administration
|
| Contract Award and Negotiation | - Negotiation and Pricing
|
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NEW QUESTION # 181
In Waiver principle according to Common law, an offer is presumed revocable unless stated otherwise.
Answer: B
NEW QUESTION # 182
Following an Invitation for bids, contract award is based upon __________.
Answer: A
Explanation:
The correct answer is D (price or price-related factors) because, under NCMA CMBOK principles and standard procurement practices, an Invitation for Bids (IFB) -also known as sealed bidding-results in contract award based primarily on price competition . In this method, bids are evaluated for responsiveness (compliance with the solicitation requirements) and responsibility (the bidder's capability to perform).
Among those that meet these criteria, award is made to the lowest-priced responsive and responsible bidder
.
CMBOK distinguishes IFB from negotiated procurement methods. IFB is used when requirements are clear, complete, and not subject to negotiation , making price the dominant evaluation factor. This ensures fairness, transparency, and objectivity in the award process, as all bidders compete on a common basis without discussions.
Option A is incorrect because technical scoring is typically associated with negotiated procurements, not sealed bidding. Option B is misleading, as while these elements may be specified in the solicitation, they are not the basis for comparative evaluation in IFB once responsiveness is established. Option C (best-value evaluation) applies to Request for Proposals (RFPs) , where trade-offs between cost and technical factors are considered.
Thus, CMBOK confirms that IFB awards are driven by price or price-related factors , reinforcing the structured and non-negotiable nature of sealed bidding.
NEW QUESTION # 183
Fixed weights are established only after determining the raw scores.
Answer: B
NEW QUESTION # 184
A contract Management Maturity Model has how many levels in total?
Answer: B
NEW QUESTION # 185
__________ requires the party that breached the contract to complete performance under court order.
Answer: B
Explanation:
The correct answer is B (Specific performance) because, according to NCMA Contract Management Body of Knowledge (CMBOK) and established legal principles, specific performance is an equitable remedy that compels a breaching party to fulfill its contractual obligations as originally agreed , rather than simply paying monetary damages.
This remedy is typically applied when monetary compensation is inadequate , such as in contracts involving unique goods, specialized services, or real property , where substitute performance is not readily available. In such cases, a court may order the breaching party to perform exactly as specified in the contract.
Option A (delayed enforcement) is not a recognized legal remedy. Option C (judicial enforcement) is a broad term that does not specifically describe this remedy. Option D (punitive performance) is not a valid legal concept in contract law.
CMBOK emphasizes that, in the post-award phase , contract managers must understand available remedies for breach, including both legal remedies (damages) and equitable remedies (such as specific performance) . While specific performance is less common than monetary damages, it is critical in situations where performance itself is the primary value of the contract.
Understanding when specific performance may be applied helps contract managers better assess risk, enforceability, and dispute resolution strategies in contract administration.
NEW QUESTION # 186
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