Simplified Acquisition Proceeds
The part of the FAR that covers SAP
What is FAR Part 13
This is the FAR part that covers commercial items
What is FAR Part 12?
This is the part of the FAR where we can find information regarding Options
What is FAR Part 17
This directs statutory and regulatory financial management requirements, systems, and functions for all appropriated and non-appropriated, working capital, revolving funds
What is Financial Management Regulation
This is the document that is used to get a proposal from a vendor.
What is a RFP (request for proposal)?
This is the Governments quick acquisition method for purchases under the micro purchase threshold
What is the GPC
The approval authority for a Commercial Item Determination.
Who is the Contracting Officer
The result of a missed Letter/Notice of intent?
What is a bilateral modification, potential for ktr to reopen negotiations
How long are 3600, 3400, 3080 available for new obligation
3600 -2 FY
3400 - 1 FY
3080 -3 FY
This is the document used to capture contract deliverables. Document form #?
What are CDRLs. DD 1423
The maximum dollar threshold for utilizing FAR Part 13 (SAP)
What is $7.5M
Hardware or software product that already exists in the commercial market and is available for sale to the general public.
What is "Commercially available off-the-shelf (COTS)?
The timeframe given to PCO to notify the vendor to utilize 52.217-9.
What is 60 days unless a different number of days is inserted
These are the 3 pillars of fiscal law
Purpose – misappropriations act – funds appropriated by congress to be used for the program and purpose for which the appropriations was made
Time- Bona fide need – current yr funds for current yr needs
Amount – anti deficiency – cant obligate/expend or authorize an obligation or expenditure in excess of what is availed or in advance of obligations
What are the four pillars of assessing scope?
Scope of competition/contract, PoP, Contract Type, Cost/Price
The two types of simplified procedures for acquiring commercial items
What is competitive and non-competitive
The modification authority used when making changes to a commercial contract.
What is FAR 52.212-4(c) - Changes
The PCO shall not employ options if the contractor will incur what?
What are undue risks
The purpose of the (Long) Line of Accounting and identify at least 2 important data points in the LOA
5733080 173 LCHS 833174 4GE200 63730 28006F 503000 F03000
What is the funding associated with a federal organization’s budget.
1.Service Designator (57)
2. FY (3)
3. Appropriation (3080)
4.Accounting activity (DFAS) (F03000)
The Contracting Officer may at any time, by written order, and without notice to the sureties, if any, make changes within the general scope of this contract.
What is the Changes Clause
The three buying methods prescribed in FAR Part 13 for Simplified acquisition purchases
What are the Government Purchase Card, Purchase Orders, and Blanket Purchase agreements
The threshold in which a Commercial Item Determination is required
What is 250K (SAT).
The elements must be addressed in the option exercise D&F
At least 5 out of 7
1. Funds available - 2. fulfills an existing Government need -3. most advantageous method of fulfilling the Government’s need - 4. synopsized -5. active exclusion (SAM check) - 6. past performance evaluations - 7. performance has been acceptable
The three stages of the lifecycle of funds and meaning?
What is Current, expired and canceled
New Obligations
Adjust previously obligations and expenditures
No longer used for any purpose
$250k/$100k are the values of these actions which require certification.
What are REAs & Claims