Current threshold for Debarment Cert
What is $45,000?
Subject Matter Experts and/or technical team estimate how many hours it takes to perform the scope. Use an independently verified rate and material costs to generate a should-cost number for comparison to quote(s).
What is an In-house estimate?
Required when only one Supplier is solicited for a PO.
What is a Non-competitive Source Justification (NCSJ?
Acquisitions up to and including the MPT $15K not need to be competed if the Buyer can otherwise determine the price is fair and reasonable. Generally, limited documentation is required. Include RFQ(s) and quotes where available. Consider Small Business set-aside.
What is a Micro-Purchase?
Days required for DPAS Acknowledgment. DX and DO.
What is 10 supplier business days for DX and 15 supplier business days for DO?
Current Cost or Pricing Data Threshold (COPD) (aka TINA)
What is $10 million?
When two or more responsible offerors independently submit offers that meet requirements, award goes to the best value/lowest price, and the price is reasonable.
What is adequate competition?
Supplier quotes are evaluated to determine that the selected supplier is this and will deliver HIGH QUALITY goods and services, ON TIME at the best value to the Company with a FAIR and REASONABLE PRICE and inn COMPLIANCE with all terms and conditions of the order.
What is Responsive & Responsive?
Acquisitions (above the MPT, up to and including the SAT $350K) require minimal documentation to demonstrate the sources contacted and selected and that the price obtained was fair and reasonable. Include RFQ(s) and quotes. Use the Summary of Award form for documentation.
What is Government Simplified Acquisitions?
Certification required 10 business days after negotiations.
What is Truthful Cost or Pricing Data (TINA) Certification?
Current Simplified Acquisition Threshold (SAT)
What is $350,000?
When historical price(s) to use for comparison. Calculate the effects of differing quantities and economic factors using SCM-F-7.11.02.06.005, Quantity and Inflation Worksheet or equivalent.
What is Price History Escalation?
This is required in Maestro before a PO can be awarded. Funding authorization.
What is an approved Purchase Requisition (PR)?
Acquisitions (above SAT $350K, including transactions above the TCoPD Threshold) require substantial documentation. The NCSJ form is required if competition not attempted. Include RFQ(s) and quotes.
What are Government Large Procurements?
When Payments to Influence is required.
What is at time of quote?
Current Payments to Influence (PTI) Threshold
What is $15,000?
Defined in FAR 2.101. When a supplier asserts an item, product or service meets the definition, documentation diverts from the regular course with new forms for population. Evidence that supplier’s product/service meets the definition is required.
What is Commerciality?
The purpose of this is to contact Suppliers via solicitation to gather information by supplier quotations to evaluate and select/recommend the supplier for award.
What is Source Selection?
The purpose of this document is to tell the story of the procurement.
What is the Summary of Award or PO File Memo?
When Advanced Notification and/or Consent is required.
What is prior to PO Issuance?
Current Small Business Subcontracting Plan (SBP) Threshold
What is $900,000?
Buyers should do this with any supplier, at any dollar level, if it is in the best interest of the company or its customer. In addition to price, Buyers should consider all elements of the procurement such as costs, schedule, quality and technical requirements, or terms and conditions, discounts, and other items.
What is negotiating?
Required when Quality Requirements, Program-specific flowdowns, SOW/SRD, drawings, specs, PO will not be firm fixed, award will be based on factors other than price alone, or any solicited supplier is a foreign supplier?
What is a written RFQ?
An evaluation of a Supplier's capability, performance, and risk to help determine whether the supplier is suitable for award or continued business.
What is SDR/SQR?
When SAM check and Debarment Certification is required.
What is within 10 calendar days of PO issuance?