Free NCMA CFCM Exam Questions

Become NCMA Certified with updated CFCM exam questions and correct answers

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Total 121 Questions | Updated On: Oct 28, 2025

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Question 1

All of the following are true concerning Project Wage Determinations EXCEPT:

A : They are issued at the specific request of a contracting agency

B : They are effective for 90 calendar days from the date of determination

C : They are used only when no general wage determination applies

D : They apply only to the contracts for which they were issued

Answer: B

Question 2

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

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

If defective pricing is discovered after award:

A : The Government has no recourse

B : The contractor determines the amount of increase and bills the Government

C : The Government is entitled to a price adjustment if the amount is significant

D : A 15% penalty applies to any overpayment attributable to the contractor's error

Answer: C

Question 5

Consolidating two or more requirements for supplies or services, previously provided or performed under separate smaller contracts, into a solicitation for a single contract is defined as:

A : Combining

B : Consolidating

C : Bundling

D : Mixing

Answer: C

Page: 1 / 25

Total 121 Questions | Updated On: Oct 28, 2025

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