An unilateral award is most often employed:
Answer(s): A
An unilateral award is an award that has been made by a sponsor to an organization without considering any competitive proposals. This kind of awards is most often employed when unsolicited proposals are receiving favorable treatment. Unsolicited Proposals are those proposals submitted that are not in response to an RFP, RFA, or program announcement.
Which of the following refer to those proposals submitted that are not in response to an RFP, RFA, or program announcement?
Answer(s): B
Which of the following are simply funds that have been set aside for projected expenses pending actual expenditure of the funds?
Encumbrance Funds are simply funds that have been set aside for projected expenses pending actual expenditure of the funds. Incremental Funding is a method of funding contracts which provides specific spending limits below the total estimated costs, that these limits may be exceeded ONLY at the contractor's own risk. With Incremental Funding, each increment is in essence a funding action.
Which of the following is a method of funding contracts which provides specific spending limits below the total estimated costs?
With Incremental Funding, spending limits can NEVER be exceeded.
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