CORPORATE AGREEMENTS (BLANKET ORDERS)
A long-term agreement for recurring purchases of the same item or class of items at a predetermined price
What is a Contract Agreement (blanket Order)?
What is the term for selecting a supplier without competitive bidding due to unique circumstances?
What is sole-source procurement?
What is the difference between a letter of contract and a formal contract?
What is a letter of contract is informal and temporary, while a formal contract is legally binding and comprehensive?
Which Department has the responsibility of ensuring compliance with Government, Contract, and MITRE Security Requirements
Who is the Security Department
What is the primary benefit of using blanket orders for recurring purchases?
What is reducing administrative effort and streamlining procurement
What is the difference between single-source and sole-source procurement?
What is single-source procurement occurs when only one offeror is available due to procurement circumstances.
while sole-source procurement only one supplier provides that product or service?
Why are Letter Contracts used in procurement?
What is for the negotiation of a definitive contract cannot meet the procurement need in sufficient time.
At which threshold shall procurement staff ensure FAR 52.225-1 is flowed down to all applicable noncommercial procurements?
What is $10,000
An authorization transmitted to a Vendor/Subcontractor to ship items under a Blanket PO.
What is a Release against Contract Agreements
What is one risk associated with sole-source procurement?
What is supplier dependency or lack of competition?
Who is responsible for determining if the amount of time for negotiations would best require a letter contract?
Who is the Senior Procurement Manager?
Which FAR clause triggers the Buy America Act?
What is FAR 52.225-1
Responsible for the Negotiation and administration of the terms and conditions of Contract Agreements
Who is the Procurement Staff
A Specific source identified by sponsor/government.
What is a Sponsor/Government Procurement?
Name a minimum requirement for a letter contract
WHAT IS:
If a product does not meet the criteria required under the Buy America Act, who must procurement staff request a waiver from?
Who is the Cognizant Contracting Officer
Responsible for initiating a PR for requirements against an established Contract Agreement
Who is the requestor?
An Expedited action required to prevent serious injury or financial harm to the U.S. Government
What is an Emergency Procurement?
The minimum dollar value to enter into a letter contract
What is $10,000 or greater
Components of an unknown origin should be treated as what?
What is Foreign?