FAR Parts
Responsibility Determinations
MAS-RELATED ACRONYMS
Financials
Pot Pourri
100

This part addresses small business programs

What is FAR Part 19.

100

This is the office to contact if the offeror appears to not have sufficient financial resources

What is GSA Finance?

100

This is the office in FAS that oversees the MAS program. 

What is MAS PMO?
100

This is the difference between total assets and total liabilities on a balance sheet.

What is equity?

100

This is a liquidity ratio that measures a company’s ability to pay short term obligations or those due within one year.

What is the current ratio?

200

This FAR part gives GSA the authority to establish and maintain the schedules program

What is FAR part 38.

200

This  system contains information about a company's performance on federal contract actions exceeding the simplified acquisition threshold 

What is FAPIIS?

200

D&F

What is Determination and Findings?

200

This is another name for a profit and loss statement.

What is an income statement?

200

When two or more contract holders team up on a contract?

What is a Contractor Team Arrangements (CTAs)?

300

This part addresses responsibility determinations

What is FAR part 9.

300

This system identifies whether an offeror has delinquent federal debt.

What is SAM? 

300

eSRS

What is the Electronic Subcontracting Reporting System? 
300

This document gives a summary of a business at a given point in time, it summarizes a company’s assets, liabilities and shareholders equity a specific point in time.

What is a balance sheet?

300

Translation and Interpretation Services

What is 541930?

400
This FAR sub part gives CO instructions for ordering off schedules

What is 8.4

400

You address responsibilities in this section of the PNO.

What is administrative section?

400

PNCP

What is a Pre-Negotiation Clearance Panel?

400

This is another name for sales on a profit and loss statement.

What is revenue/income?

400

GSA's is a powerful and intuitive acquisition tool to place Task Orders against MAS contracts

What is GSA EBuy?

500
This part addresses novations

What is FAR 42.12

500

SCP-FSS-001

What is Instructions Applicable to All Offerors? 

500

OCMS

What is Online Contract Management System?

500

This can be abbreviated by YTD on a financial statement.

What is Year to Date?

500

Can request changes to a firm's contract

What is an authorized negotiator?

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