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Cards In This Set
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The federal acquisition regulation (FAR) system was established for?
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The certification and codification of uniform policies and procedures for acquisition by all executive agencies.
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What documents make up the Federal Acquisition Regulation System?
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1) federal acquisition regulation (primary), and 2) agency acquisition regulations (supplement/implement FAR)
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What are the (4) performance standards of the FAR?
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1) satisfy customer in terms of cost/quality/timeliness of delivered product or service.2) minimize administrative costs3) conduct business with integrity, openness and fairness4) fulfill public policy objectives
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The acquisition team consists of who?
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All participants in government acquisition, such as reps from procurement, technical, customers they serve and contractors that provide the service
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What is the role of the acquisition team?
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Empowered to make decisions and act within area of responsibility consistent with guiding principles.
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What are the guiding principles of the federal acquisition system?
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Deliver best value goods/services to customer on a timely basis while maintaining public trust and fulfilling public policy objectives
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Who prepares, issues, maintains, and prescribes the FAR?
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1) secretary of defense and 2) administrator of general services and 3) administrator of national aeronautics and space administration
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How is the FAR published?
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1) federal register (daily issue)2) code of federal regulations (culminated in)3) loose leaf edition
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What does the Paperwork Reduction Act of 1980 require federal agencies to do?
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Obtain approval from Office of Management and Budget (OMB) before collecting information on 10 or more members of the public.
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What does the Paperwork Reduction Act govern in relation to offerors or contractors?
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Creation of new forms that offerors or contractors are asked to complete.
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Who mandates certification requirements under the Paperwork Reduction Act of 1980 for offerors or contractors?
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Administrator for federal procurement policy
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Under the FAR conventions, words and terms are defined as?
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1) Part 2 definitions apply to entire regulations, unless defined elsewhere (e.g. part, section, etc.)2) If defined in a specific part, subpart, etc. have the meaning when used in that part, subpart.3) undefined words retain common dictionary meaning.
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What does the dollar threshold mean? What about a final price based on future events?
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A) specific dollar threshold that is the final anticipated dollar value of the action, including dollar value of all options.B) the final anticipated dollar amount must be the highest final priced alternative to the government, including the dollar value of all options.
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How are FAR changes applied to solicitations and contracts?
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1) apply to solicitations issued on or after the effective date of change, 2) contracting officers may include FAR changes in solicitations issued before the effective date of change as long as the award of contract occurs on or after the effective date, and 3) contracting officers may include changes in any existing contract with appropriate consideration
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What does "citations" means with regard to an executive order, OMB circular, federal procurement policy letter, etc.?
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When FAR cites a statute, the citation includes all applicable amendments.
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