Alphabet Soup
"B" in position 9 of the Unique Procurement Instrument Identifier signifies this type of solicitation.
What is an IFB
As of FY18, this increased to $250,000.00
What is the Simplified Acquisition Threshold (SAT)
A 1449 is used to solicit and award this type of requirement.
What is a commercial item?
***Daily Double*** Agreements made by Government personnel lacking contractual authority are called ___________ ; However, the Government may, at its discretion adopt an unauthorized act as if it were authorized and this is called _____________.
What are unauthorized commitment and ratification.
**DAILY DOUBLE** A continuous process of collecting and analyzing information about capabilities within the market to satisfy agency needs.
Market Research
If you're using a "D" type contract, you're dealing with a(n) ______ Delivery Contract.
What is indefinite.
The part of the FAR that covers "Definitions"
What is FAR Part 2- Definitions of Words and Terms
Per FAR part 13, the contracting officer must inform potential quoters of this.
What is fair and reasonable.
This FAR part covers source selection.
Requests for Quote under FAR Part 13 are identified using this letter.
What is Q!
This is known as the rulebook or 'Bible' for federal contracting agencies.
What is the Federal Acquisition Regulation (FAR)
This is where you go to post RFQs which are only available to GSA schedule holders.
What is GSA E-Buy.
This person has limited delegated authority, appointed (in writing) by the CO to assist in the technical monitoring of service contracts.
Who are Contracting Officers Representative (CORs).
This contract type is appropriate when requirements are well defined and risk to the contractor is low.
What is Firm Fixed Price.
A construction RFP would be identified by this letter.
What is "R".
Contracting officers are required to post a synopsis to the GPE for proposed contract actions over this amount.
What is $25,000
This factor is required to be considered regardless of what FAR part is being used to solicit competition.
What is price?
Thanks to this procurement method, supplies under $10K don't require a contract award.
What is the Government Purchase Card (GPC).
Requirements under the SAT are automatically reserved for these.
What are small businesses.
Abercrombie and Fitch? No. But A&F does constitute this type of Agreement and its orders.
What is a Blanket Purchase Agreement?
Construction requirements are solicited using this standard form.
What is the SF1442.
Contracts for services can potentially last up to 5 years, 6 months by including this in the award.
What are option periods.
If there is no value, need or willingness to pay more for better performance, this type of best value source selection process may be in order.
What is Lowest Price Technically Acceptable (LPTA)?