U.S. Department of Defense (DoD) Contract Specialist Contractor Practice Questions
The free U.S. Department of Defense (DoD) Contract Specialist questions that deal with contractor, with answers and explanations. The full bank and the timed practice test cover every topic the exam asks about.
Question #2
Which contract type provides the contractor the most risk?
Correct answer: B
Explanation
Firm-Fixed Price contracts place the risk on the contractor since they must complete the work for the agreed-upon price.
Question #8
Under which circumstance can a contractor submit a claim?
Correct answer: B
Explanation
A contractor can submit a claim when their costs exceed the estimates agreed upon in the contract.
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