SME's
Battle of the FARs
FAR 15
Cost or Pricing Data
Corporate Lingo
100

This person can help to answer just about any contracts related question and was the founding mother of Knowable.

Who is Michelle F.?

100

Unlike FAR 12 which covers Acquisition of Commerical Products & Services, FAR 15 covers ____________________________________. 

What is Contracting by Negotiation?

100

FAR 15 typically covers this type of products.

What are non-commercial products?

100

CoPD was formerly known as this.

What is TINA (Truth in Negotiation Act).

100

How to say that you don't want to deal with this on a Friday.

What is "Let's circle back to this on Monday"?

200

This person has the most extensive and impressive NSS FAR 15 experience.

Who is Julie I.?

200

Unlike FAR 12 which utilizes a price analysis (market research) to determine a fair and reasonable price, FAR 15 utilizes this analysis. 

What is a Cost Analysis? 

200

If defective pricing is discovered after award 

(A) The government has no recourse 

(B) The contractor determines the amount of increase and bills the government

(C) The government is entitled to a price adjustment if the amount is significant

(D) A 15 percent penalty applies to any overpayment attributable to the contractor’s error

What is (C) The government is entitled to a price adjustment if the amount is significant?

200

Cost or Pricing Data is 

(A) Facts 

(B) Your Mom

(C) Judgment

(D) Price Discussions

What is (A) Facts. 

200

How do you say "we have already discussed this" in an email?

What is "per my last email"?

300

This person can tell you ALL about the USC and NSS Cost or Pricing Data proposal requirements.

Who is Katelyn M.?

300

Unlike FAR 12 which aims to get products on the market quickly, FAR 15's main goal is to ensure this.

What is the government getting the best price for the tax pay dollar? 

300

Pre-award debriefings shall not disclose 

(A) The number of offerors

(B) A synopsis of the agency’s evaluation of the offeror’s proposal

(C) A summary of the rationale for eliminating the offeror from the competition 

(D) Responses to relevant questions about source selection procedures

What is (A) The number of offerors?

300

A proposal at this dollar value requires Certified CoPD.

What is $2 Million dollars? 

300

How do you say in a meeting that "this should not be discussed in this setting"?

What is "Let's take this offline."?

400

This person is THE go-to for Other Transaction AUTHORITIES (and memes). 

Who is Josh H.?

400

Unlike the Commercial Items Form SF1449, the USG issues awards using Standard Form _______.


What is SF1447?

400

____________ 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). 

What is the Uniform Contract Format (UCF), which can be found in FAR 15.204-1 [Part I]. 

400

This is an exception to CoPD.

What is adequate competition, commercial items, prices set by law, or a waiver by the HCA (Head of the Contracting Activity)? 

400

What is the term used to describe one's ability to take on a new task or to delegate a task.

What is Bandwidth?

500

This person can help elevate any and all questions relative to contracts.

Who is Jenny J. from the Block?

500

Unlike in FAR 12 where you have a request for quote (RFQ), in FAR 15 this is generally used instead.

What is a Request for Proposal (RFP)?

500

In all FAR 15 based awards and per BAE Systems policy ESP6303, all Contract Managers are required to prepare this.

What is a Negotiation Summary?

500

True or False: Individuals can be held personally liable for defective Cost or Pricing Data.

What is True? 

500

How do you close out a meeting that ends a little bit quicker than expected?

What is "I will give you x minutes back to your day."?