Buyer Basics
What are 2 places you can look for an answer before asking a buddy or teammate?
What is:
This technique uses multiple bids to compare and justify pricing.
What is Comparing Competitive Prices
What do you do if a vendor profile is showing Blocked for Space?
Confirm their self-cert is up to date and reach out to Sue to unblock
What does TAV stand for?
What is Total Anticipated Value
When would a RF126 be required?
When the supplier has made a representation other than “Does Not Provide” or has not represented at all in Exostar
Where can you go to find out what an acronym means?
What is Acromania
When is it appropriate to use a Price Warranty?
When you have attempted all other techniques with no success
$70K PO, $50K doa, who reviews?
What is the next DOA reviewer on the rotation spreadsheet
What is Delegation of Authority?
What is the F250 or NAJ and when is it required?
It is the Non-Competitive Acquisition Justification form and is required for non-competitive procurements over threshold.
This tool helps locate buy history of same or similar products or vendor information.
What is
Parts Visibility or Business Intelligence
This technique utilizes pricing from the market to justify pricing.
What is Comparing Established Market Prices
UPDATE
What is 1000- PRs
What does NAJ stand for?
What is Noncompetitive Acquisition Justification
When is an NDA required and what tool helps you create one?
When there is LMPI and the PTAR tool!
You receive a drawing labeled LMPI. What is required prior to sharing this information with the vendor?
What is an NDA
This technique uses an estimate from a 3rd party or LM expert to justify pricing.
What is Comparing Prices with Independent Estimates
What is the minimum a final milestone payment must be?
What is 10% of contract value
What does LMAP stand for?
What is Lockheed Martin Acquisition Procedures
What is an F510?
What is an Abstract of Offers
What is SPD00245?
What is the space specific procurement guidance
What is the requirement for using buy history to justify pricing?
The historical PO must be justified by another technique (not BH or PW), must be within the last 5 years and must have a formal price analysis
$2.3M LMAP PO, who reviews?
What is: Peer, Manager, Sr. Manager and Compliance
What does CIRB stand for?
What is Commercial Item Review Board
What threshold is the F260 required?
When anticipated award value will be equal to or greater than $500K for domestic procurements and $100K for international procurements.