1510-Methods of Contracting-FAR Parts 8, 13, 14,& 15 Flashcards
What is an SF 44?
Multi-purpose pocket size purchase order form
Primarily for on-the-spot, over-the-counter purchases of supplies and non-personal services while away from the purchasing office or at isolated activities
Which type of contract requires a vendor to give their “best effort”?
Cost Reimbursement
Which contract puts the government at risk?
Cost Reimbursement
Which contract puts the contractor at risk?
Firm fixed price
Where are the required sources of supply and services located in the FAR?
Part 8
What takes precedence for supplies on the required sources list?
Agency inventories
What takes precedence for services?
National Institute for the Blind / National Institute for the Severely Handicapped (NIB/NISH)
What are the simplified acquisition methods?
Government Purchase Card (GPC) Blanket Purchase Agreement (BPA) SF 44 Blanket Ordering Agreement (BOA) Purchase Order
When is a BPA appropriate?
When there are anticipated repetitive needs for supplies or services
What are the three types of solicitations?
Request for Quote (RFQ)
Invitation for Bid
Request for Proposal
What are the three types of competition?
Full and open competition
Full and open after exclusion
Other than full and open competition
What are the two basic types of contracts?
Firm Fixed Price
Cost Reimbursement
What is Full and Open Competition?
Everyone is allowed to bid
When do you use a Firm Fixed Price contract?
When:
Technical requirements and cost are certain
Work can be clearly defined
Commercial Items
What is an Other than Full and Open competition?
Sole source
FMS
