IIA Exam IIA-CGAP Topic 4 Question 94 Discussion

Actual exam question for IIA's IIA-CGAP exam

Question #: 94
Topic #: 4

A ________ is a contract or contractual action entered into by a prime contractor or subcontractor for the purpose of obtaining supplies, materials, equipment, or services of any kind under a prime contract. Where as in ______________ multiple awards are given for certain contracts to more than one responsible bid. Generally, the contracts are similar in conditions and amounts.

Asubcontract, Multi-award contracts

BMulti-award contracts, subcontract

CBuilding service contract, Facilities contract

DProfessional and consultant services, Transportation term contracts

Show Suggested Answer

Suggested Answer: A

by Sanjuana at Dec 05, 2024, 05:01 PM

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Alise

2 months ago

Multi-award contracts, eh? Sounds like a fancy way of saying 'we couldn't decide, so we're giving it to everyone!'

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Avery

20 days ago

Exactly, it helps promote efficiency and innovation in the contracting process.

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Joni

22 days ago

It's a way to ensure competition and get the best value for the government.

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Cherry

1 months ago

Yeah, it's basically spreading the wealth among multiple contractors.

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Jolene

2 months ago

Haha, I'm not even going to attempt this question. Contracts and subcontracts? Sounds like a headache waiting to happen!

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Leslie

1 months ago

C) Building service contract, Facilities contract

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Jeannine

1 months ago

B) Multi-award contracts, subcontract

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Oretha

2 months ago

A) subcontract, Multi-award contracts

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Wilda

2 months ago

I agree with Georgiann, this is the correct answer. The terms are defined precisely in the question.

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Louann

20 days ago

D) Professional and consultant services, Transportation term contracts

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Cherelle

26 days ago

C) Building service contract, Facilities contract

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Eugene

1 months ago

B) Multi-award contracts, subcontract

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Janine

2 months ago

A) subcontract, Multi-award contracts

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Georgiann

2 months ago

Definitely A) subcontract, Multi-award contracts. The question is clear on the definitions, and this option matches the descriptions provided.

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Vivan

1 months ago

It's important to understand the different types of contracts in the industry.

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William

2 months ago

Multi-award contracts can help ensure fair competition among contractors.

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Lajuana

2 months ago

Subcontracts are essential for completing large projects efficiently.

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Nu

2 months ago

I agree, A) subcontract, Multi-award contracts make sense in this context.

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Dudley

3 months ago

I agree with Destiny, subcontracting is a common practice in obtaining supplies and services.

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Cherilyn

3 months ago

A) subcontract, Multi-award contracts

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Destiny

3 months ago

I think the answer is A) subcontract, Multi-award contracts because subcontracting is common in many industries.

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