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FAR Part 15 Negotiated Acquisition Flashcards

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Read the first 7 FAR Part 15 Negotiated Acquisition flashcards as text

  1. FAR 15.403-1 identifies circumstances where certified cost or pricing data are NOT required. Which scenario qualifies?

    Answer: Sole-source contract for commercial items

    FAR 15.403-1(b)(3) exempts acquisitions of commercial items from the requirement for certified cost or pricing data.

  2. What is a 'should-cost' review under FAR 15.407-4?

    Answer: A government analysis of what a contract should cost based on the contractor's operations

    FAR 15.407-4 defines a should-cost review as an evaluation of the economy and efficiency of a contractor's operations to determine what costs should be.

  3. Under FAR 15.503, when must an agency notify unsuccessful offerors in a negotiated procurement?

    Answer: Promptly after award

    FAR 15.503(b) requires the contracting officer to promptly notify offerors who are excluded from the competitive range or whose proposals are not selected.

  4. An offeror submits a proposal with a unit price that appears unrealistically low. The contracting officer suspects the offeror made an arithmetic error. Under FAR 15.306, what is the BEST course of action?

    Answer: Seek clarification from the offeror

    FAR 15.306(a) permits clarifications to address apparent clerical mistakes or obvious errors without triggering discussions.

  5. Which FAR provision governs the debriefing rights of offerors who are not selected for award?

    Answer: FAR 15.505 and 15.506

    FAR 15.505 covers pre-award debriefings and FAR 15.506 covers post-award debriefings for unsuccessful offerors.

  6. Under FAR 15.204-5, which of the following is a required section in a Uniform Contract Format solicitation?

    Answer: Section H – Special Contract Requirements

    FAR 15.204-5 prescribes the Uniform Contract Format, which includes Section H for special contract requirements.

  7. What triggers the requirement for a written source selection plan under FAR 15.303?

    Answer: All competitive negotiated acquisitions

    FAR 15.303(b) requires the SSA to approve the source selection plan for all competitive negotiated acquisitions.