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Stay Ahead with Latest CFCM Certified Professional Contracts Manager Practice Test Questions 2026

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Total 121 Questions | Updated On: Oct 26, 2026

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Question 1

Performance and payment bonds are required or may be required for:

A : Construction contracts exceeding $2,000

B : Construction contracts exceeding $100,000

C : Services and supply contracts exceeding the simplified acquistion threshold when necessary to protect the Government's intrest

D : Both b and c

Answer: D

Question 2

The contracting officer's certification can serve as approval of the justification for other than full and open competition for a proposed contract NOT exceeding

A : $25,000

B : $550,000

C : 1,500,000

D : $5,000

Answer: B

Question 3

Performance and payment bonds are required or may be required for:

A : Construction contracts exceeding $2,000

B : Construction contracts exceeding $100,000

C : Services and supply contracts exceeding the simplified acquistion threshold when necessary to protect the Government's intrest

D : Both b and c

Answer: D

Question 4

The contracting officer's certification can serve as approval of the justification for other than full and open competition for a proposed contract NOT exceeding

A : $25,000

B : $550,000

C : 1,500,000

D : $5,000

Answer: B

Question 5

There are two value engineering approaches, the:

A : Contractor approach and the Government program

B : Government approach and the contractor program

C : Incentive approach and the mandatory program

D : Mandatory approach and the incentive program

Answer: C

Page: 1 / 25

Total 121 Questions | Updated On: Oct 26, 2026

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