1510 Methods of Contracting Flashcards
What are the three types of solicitations?
- Request for Quotation – Simplified Acquisition Procedures
- Invitation for Bid – Sealed Bidding
- Request for Proposal – Negotiation
What FAR Part Covers Request for Quotation – Simplified Acquisition Procedures and what does it do
FAR Part 13 -Streamlined method of acquiring supplies and services (including construction, research & development, and commercial items)
What FAR Part Covers Invitation for Bid – Sealed Bidding
FAR Part 14
What FAR Part Covers Request for Proposal – Negotiation
FAR Part 15
What are the two basic types of contracts?
- Firm Fixed Price
* Cost reimbursable
What is the Simplified Acquisition Threshold (SAT) and what are its parameters?
o $150,000,
o >$3.5- $15K advertised locally;
o $15- $25K Public Display;
o Over $25K advertised on FedBizOpps/ASFI
What are the principles of sealed bidding?
- Preferred method
- **No discussions with bidders
- Government must award to lowest responsible bidder
- **Contract must be fixed price
- Government expects to receive more than one bid
- Sufficient time for bidders to prepare bids
What are the principles of negotiations?
- Discussions with offerors permitted
- Award can be made based on factors other than price
- Contract may be fixed price or cost reimbursement
- Used when sealed bidding is not practical
- May be used for sole source or competitive actions
- Offeror allowed to revise proposal as a result of discussions
Which type of contract requires a vendor to give their “best effort”?
Cost Reimbursement
When is a BPA appropriate?
When filling anticipated repetitive needs for supplies or services by establishing “charge accounts’’ with qualified sources of supply
What are the two most common types of best Value evaluations?
o Lowest Price Technically Acceptable (LPTA)
Award is made to lowest priced acceptable offeror
Government has decided lowest price is the best value
o Tradeoff
Award may be made to any acceptable offeror based on integrated assessment of all evaluation factors in addition to cost/price
What does Best Value mean?
Any competitive negotiated acquisition having a basis for award stating that factors in addition to cost/price will be considered in selecting the successful offeror(s)
What is a BOA and what is it for?
A Basic Ordering Agreement (BOA) is a written instrument of understanding, negotiated between an agency, contracting activity, or office and a contractor that contains:
– Terms and clauses applying to future orders
– Description of supplies or services to be provided
– Methods for pricing, issuing, and delivering future orders
– BOAs are not contracts
What is a BPA and what is it for?
A blanket purchase agreement (BPA) is a simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts’’ with qualified sources of supply.
