Federal Acquisition Regulations & Policies Flashcards
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Read the first 7 Federal Acquisition Regulations & Policies flashcards as text
Under the FAR, what is the difference between a 'Termination for Convenience' (T4C) and a 'Termination for Default' (T4D)?
Answer: T4C compensates the contractor for work performed; T4D may hold the contractor liable for reprocurement costs
In a T4C, the Government compensates the contractor for allowable costs and a reasonable profit; in a T4D, the contractor may be liable for excess reprocurement costs if the default is not excusable.
Which statutory authority specifically authorizes the use of Other Transaction Agreements (OTAs) for prototype projects by the Department of Defense?
Answer: 10 U.S.C. § 4022 (formerly 10 U.S.C. § 2371b)
10 U.S.C. § 4022 authorizes DoD to enter into OTAs for prototype projects, allowing agreements not subject to the standard FAR procurement regulations.
Under FAR 15.403-1, which of the following is an adequate price competition circumstance that exempts a contractor from submitting certified cost or pricing data?
Answer: Two or more responsible offerors compete independently based on price and the award will be made to the low offeror
FAR 15.403-1(c)(1) establishes that adequate price competition—defined as two or more independent competing offers on price—exempts contractors from submitting certified cost or pricing data.
The Service Contract Labor Standards (formerly Service Contract Act) applies to contracts principally for services performed in the United States that exceed what dollar threshold?
Answer: $2,500
The Service Contract Labor Standards statute (41 U.S.C. § 6702) applies to service contracts exceeding $2,500, requiring payment of prevailing wages and fringe benefits.
When a contracting officer issues a solicitation using FAR Part 12 (Commercial Products and Commercial Services), which simplified approach may be used to evaluate offerors?
Answer: Streamlined evaluation based on a best-value tradeoff using simplified procedures per FAR 12.602
FAR 12.602 allows COs to use streamlined evaluation procedures for commercial acquisitions, reducing documentation burdens compared to traditional FAR Part 15 source selection.
Under FAR 9.104-1, which of the following is NOT a standard element used to determine contractor responsibility?
Answer: The offeror's geographic location relative to the contracting office
FAR 9.104-1 lists responsibility factors such as financial resources, performance record, integrity, and technical capability, but geographic proximity to the contracting office is not a responsibility criterion.
Which FAR provision must be included in solicitations to notify offerors of their obligation to identify potential organizational conflicts of interest (OCI)?
Answer: FAR 52.209-7 Information Regarding Responsibility Matters
FAR 52.209-7 requires offerors to disclose information about responsibility matters including OCI issues that may affect their ability to perform without bias.