FAR Part 15 Negotiated Acquisition Flashcards
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Read the first 7 FAR Part 15 Negotiated Acquisition flashcards as text
Under FAR 15.403-3, what information must an offeror provide when certified cost or pricing data are not required but the contracting officer needs to determine price reasonableness?
Answer: Data other than certified cost or pricing data
FAR 15.403-3 allows contracting officers to request data other than certified cost or pricing data to support price reasonableness determinations.
Which of the following BEST describes the 'color rating' system used by some agencies during source selection?
Answer: An adjectival system using colors to represent levels of merit
Color ratings (e.g., Blue/Outstanding, Green/Acceptable) are an adjectival evaluation approach some agencies use to rate proposal quality against evaluation criteria.
Under FAR 15.101-1, when is the Lowest Price Technically Acceptable (LPTA) source selection process appropriate?
Answer: When the requirement is clearly defined and risk of unsuccessful performance is minimal
FAR 15.101-1(a) states LPTA is appropriate when best value is expected to result from selection of the technically acceptable proposal with the lowest evaluated price.
What action must a contracting officer take when an offeror is excluded from the competitive range?
Answer: Notify the offeror in writing and offer a pre-award debriefing upon request
FAR 15.503(a) and 15.505 require the CO to notify excluded offerors promptly and provide a pre-award debriefing if requested.
Under FAR 15.407-1, a defective pricing claim arises when the contractor provided cost or pricing data that was:
Answer: Not accurate, complete, or current as of the agreement date
FAR 15.407-1 provides for a price reduction when cost or pricing data was not accurate, complete, and current as certified at the time of price agreement.
Which FAR 15 provision specifically addresses the exchange of information with industry BEFORE the formal solicitation is issued?
Answer: FAR 15.201
FAR 15.201 encourages early exchanges with industry, including market research, Requests for Information, and industry days before solicitation release.
A contracting officer wants to use trade-off analysis in a source selection. Which statement CORRECTLY describes the trade-off process?
Answer: A higher-priced offeror may be selected if the perceived benefits justify the premium
FAR 15.101-1(c) and 15.308 allow award to other than the lowest-priced offeror if the perceived benefits of a higher-priced proposal merit the additional cost.