1507-Acquisition Planning and Market Research-FAR Parts 7, 10, 11 and 12

Question 1

When should acquisition planning take place?

Answer 1

As soon as the agency need is identified

Question 2

Who is responsible for acquisition planning?

Answer 2

PM or other official responsible for the program, has overall responsibility for acquisition planning

Question 3

What is a Commercial Item?

Answer 3

Has been sold, leased, or licensed to the general public; or,

Has been offered for sale, lease or license to the general public

Question 4

What is a Modified Commercial Item?

Answer 4

The product is considered modified commercial if it retains 50% of its original functionality

Question 5

What is a Non-Developmental Items (NDI)?

Answer 5

An item that was developed expressly for government use, as long as the contractor paid for all of the developmental costs, and the item is sold in substantial quantities, on a competitive basis, to multiple government offices (State and Federal)

Question 6

Explain Government Unique Requirements.

Answer 6

Begin with Research and Development

Very costly and long-lead time

Question 7

What is Strategic market research?

Answer 7

Serves as surveillance of the marketplace

Ongoing process
Stay abreast of technology and product development
Aimed at accumulation of knowledge base

Supports decisions regarding industry capability, product availability, competitive market forces and alternative sources of supply

Question 8

What is Tactical market research?

Answer 8

Requires investigation into a specific need or requirement

Conducted in response to a specific need
Answers price, quality & delivery questions
Determines possibility of commercial solutions

Identifies:
Available sources
Available sources & services
Industry practices and trends

Question 9

Where are Acquisition plans found in the FAR?

Answer 9

Part 7

Question 10

What are the methods of conducting market research?

Answer 10

Strategic and Tactical

Question 11

What are the potential sources for conducting market research?

Answer 11

Central Contractor Registration (CCR)
System for Award Management-www.sam.gov
FedBizOps
Catalogs
Trade shows
Historical acquisition data
GSA Advantage – Federal Supply Schedules

Question 12

What are the benefits of conducting market research?

Answer 12

Will disclose any law or regulation that applies
Customary best commercial practices
If the supply or service is readily available
If research and development is required
If the DoD is currently buying this supply/service
Risk
If supply/service is on the required sources list