POTENT POTABLES
Which of the Governmentwide Acquisition Contracts is considered a Best-in-Class source for IT acquisitions and has a website with a duck endlessly swimming in circles?
NASA SEWP V
$250,000.00 (significance of this amount to us in contracting)
Simplified Acquisition Threshold (SAT)
FAR 13.004: When a contractor submits a quote in response to an RFQ, is this a binding agreement?
A quotation is not an offer and, consequently, cannot be accepted by the Government to form a binding contract.
The order is an offer by the Government to the supplier to buy certain supplies and a contract is established when the supplier accepts the offer.
What cost means the total cost to the Government of acquiring, operating, supporting, and (if applicable) disposing of the items being acquired.
Life-cycle cost
The Option to Extend Services, FAR 52.217-8.
Who must review review complaints from a Contractor concerning all task-order and delivery-order actions for a contract and ensure the Contractor is afforded a fair opportunity for consideration in the award of orders, consistent with the procedures in the contract?
The Ombudsman
FAR 13: When a CO shall solicit quotations orally to maximum extent practicable (under what circumstances)
Under SAT, oral solicitation if more efficient and notice is not required [FAR 13.106 (c)(1)]
What is the key difference between multiple year and multi-year contracts?
IAW AR 17.103, multi-year contracts buy more than one year’s requirement (of a product or service) without establishing and having to exercise an option for each program year after the first. F
What legal rule states that certain clauses are of such importance in public procurements so as to be considered incorporated by operation of law?
Christian Doctrine
**DAILY DOUBLE** ______ is the guidance on format for structuring Government solicitations and contracts when using Contracting by Negotiation (in other words, a table of contents for organizing contractual documents into four parts and 13 sections).
Uniform Contract Format (UCF) (FAR 15.204-1)
**Daily Double** Where do you find information about cost and price negotiation policies and procedures in the FAR?
FAR 15.4...which prescribes the cost and price negotiation policies and procedures.
Which type of analysis shall be used when certified cost or pricing data are not required?
Price analysis (FAR 15.404-1)
What document must be approved to justify restricting consideration to an item peculiar to one manufacturer?
Brand Name Justification
What process is appropriate when it may be in the best interest of the Government to consider award to other than the lowest priced offeror or other than the highest technically rated offeror?
Tradeoff Process (FAR 15.101-1)
In what phase of the acquisition process must market research occur?
ALL of them.
What FAR subpart states that simplified acquisition procedures may be authorized for commercial products or commercial services for acquisitions that do not exceed $15 million?
FAR 13.5
Which act prohibits federal agencies from obligating or expending federal funds in advance or in excess of an appropriation, and from accepting voluntary services?
Anti-Deficiency Act
How many required sources of supply are called out in FAR 8.002?
Five
The special form of written approval by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions?
Determination and Findings (D&F)
Which action excludes a contractor from Government contracting and Government-approved subcontracting for a reasonable, specified period?
Debarment
What FAR provision pertains to Offeror Representations and Certifications - Commercial Items
FAR 52.212-3
What type of service describes an action that cannot be divided into two or more parts without negatively effecting performance of the task?
Non-severable
What type of contract places the maximum risk and full responsibility for all costs and resulting profit/loss to the contractor?
Firm Fixed Price Contracts