Vocabulary
An agreement between two or more parties that is enforceable by law
What is a contract?
Arises when the interest(s) of the member directly oppose the interest(s) of the government
What is Conflict of Interest?
This person enters into and signs contracts on behalf of the Government to the extent of the authority delegated to them.
What is Contracting Officer?
Code of Federal Regulations - Title 48, Chapter 2
What is Defense Federal Acquisition Regulation Supplement?
FAR allows agencies to issue two types of information
What is Implementing guidance and Supplementing guidance?
Expresses mandatory or binding terms.
What is Shall?
Any money, fee, commission, credit, gift, gratuity, thing of value or compensation returned to someone else.
What is Kickback?
Writes specifications or statements of work and technical evaluation factors and evaluate technical proposals.
Who is Technical/Engineer?
Elements of a contract.
What is Offer, Acceptance, Consideration, Capacity, and Lawful Purpose?
Definitions are found in this FAR Part.
What is FAR Part 2?
Any item, other than real property, that is of a type customarily used for non-governmental purposes
What is Commercial Item?
Suspected violations of a criminal statute or the standard should be reported to
What is immediate supervisor of the person suspected, DAEO/OGC, or law enforcement official?
Provides oversight and approval of all acquisition matters and ensures the overall contracting activities are performed IAW the FAR and DFARS.
What is Senior Acquisition Executive (SAE)?
The authority that is required to accomplish the express authority; i.e. negotiate contracts.
What is Implied Authority?
Established and operated by the General Services Administration (GSA). Responsible for printing, publishing and distributing.
What is FAR Secretariat?
A contract in which parties exchange promises to perform reciprocal obligations in the future
What is Bilateral Contract?
Resolving a real or apparent violation can be accomplished promptly at the lowest level by:
What is Disqualification from particular actions, Limitations of duties, Divestiture, Transfer/Reassignment, Resignation, Exemption or Other appropriate action?
Three part relationship structure.
What is Principle/Government, Agent/CO and 3rd Party/Contractor?
DIA central system for financial and accounting; utilized by DIA and NSA.
What is Financial Accounting Corporate Tracking System (FACTS)?
Inconsistencies with the FAR (individual and class)
What are Deviations?
Acquiring supplies or services using methods prescribed in FAR Part 13, i.e. Purchase Orders
What is Simplified Acquisition Procedures?
Adverse actions against the contractor.
What are civil damages, criminal damages and administrative actions?
Consists of technical, supply, and procurement communities including customers and contractors.
What is Acquisition Team?
Specifically discuss what agencies have to do to comply with the Government's policy.
What are Procedures?
FAR Arrangement
What is 8 Sub chapters, 53 Parts, Subparts, Sections, Subsections and Subdivisions?