Which of the following refers to the act of submitting an offer below anticipated costs, expecting to increase the contract amount after award or receive follow-on contracts at artificially high prices to recover losses incurred on the buy- in contract?
Answer(s): D
Buying-in refers to the act of submitting an offer below anticipated costs, expecting to increase the contract amount after award or receive follow-on contracts at artificially high prices to recover losses incurred on the buy-in contract. Buying-in may decrease competition or result in poor contract performance, therefore the government contracting officer would be expected to take appropriate action to ensure buying-in losses are not recovered by the contractor.
Buying- in may:
Answer(s): B
Kickback may be in the form of (choose all that apply):
Answer(s): A,B,C,D,E,F
thing of value, compensation of any kind .Kickback refers to any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided, directly or indirectly, to any prime contractor, prime contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract or in connection with a subcontract relating to a prime contract.
Kickback is provided ONLY DIRECTLY to the prime contractor for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract.
Kickback refers to any money, fee, commission, credit, gift, gratuity, thing of value, or compensation of any kind which is provided, directly or indirectly, to any prime contractor, prime contractor employee, subcontractor, or subcontractor employee for the purpose of improperly obtaining or rewarding favorable treatment in connection with a prime contract or in connection with a subcontract relating to a prime contract.
Post your Comments and Discuss RACC CRA exam with other Community members:
M.O.69 commented on December 08, 2022 I am proud to say that I passed my exam today. UNITED STATES upvote
Sabrina commented on November 23, 2021 I really appreciate this guys. This brain dumps questions and answers was the only study material I used to pass. Saved me a tone of time. CANADA upvote
Our website is free, but we have to fight against bots and content theft. We're sorry for the inconvenience caused by these security measures. You can access the rest of the CRA content, but please register or login to continue.