2431 - Source Selection Planning

Question 1

The three primary purposes of Source Selection Planning are:

Answer 1

• Provide a structured, fair, impartial evaluation of offerors
• Maximize competition and innovation
• Select best source

Question 2

What describes the source selection process for a particular acquisition, is prepared by Program Office – Source Selection IPT and is approved by the SSA

Answer 2

The Source Selection Plan

Question 3

What are the two ways to derive greatest overall benefit or “Best Value” IAW FAR 15.101.

Answer 3

• Tradeoff Source Selection Process

* Lowest Price Technically Acceptable (LPTA)

Question 4

What must be defined for each factor/sub-factor and are used to determine whether a proposal fails to meet, meets, or exceeds factor/sub-factor requirements

Answer 4

Proposal standards

Question 5

What are the roles and responsibilities of the Source Selection IPT

Answer 5

• Develops Source Selection Plan (SSP)
• Develops evaluation Factors/Sub-factors
• Establishes relative weights/importance of Factors
• Defines evaluation standards for each Sub-factor
• Establishes rating methods (words or colors)

Question 6

Providing oversight of SSEB and selecting the contractor whose proposal will be the most advantageous to Government are the roles and responsibilities of the _____________

Answer 6

Source Selection Authority (SSA)

Question 7

What is the difference between the Source Selection Evaluation Board (SSEB) and the Source Selection Advisory Council (SSAC).

Answer 7

• SSEB evaluated contractors based on RFP criteria

* SSAC evaluates contractors based on past performance and similar criteria if the contract is over $100

Question 8

A Source Selection Advisory Council (SSAC) Required on solicitations over ______

Answer 8

$100 million

Question 9

Source Selection Procedures require _______________rating criteria and descriptions for ________ and past performance factors.

Answer 9

Standardized, technical

Question 10

The purpose of the evaluation criteria in the Source Selection Plan is to assist in evaluating how well each offeror’s approach:

Answer 10

• meets RFP requirements
• identify strengths and weaknesses in proposals
• distinguish among proposals.

Question 11

What is the only time that the evaluation rating guidelines are released to offerors?

Answer 11

When there is a protest

Question 12

Fact-finding and analysis typically include some of the following:

Answer 12

• Technical
• Cost
• price analysis

Question 13

One indicator of the financial health of an offeror is their ________________ which help measure the performance of a firm in the marketplace.

Answer 13

profitability ratios

Question 14

______________shows the results of the company’s business activities over a period of time, expressed as income. The form presents the net income over time.

Answer 14

An Income Statement

Question 15

What are the Five Cost Allowability Criteria:

Answer 15

• Reasonableness
• Allocability
• Cost Accounting Standards (CAS) and Generally Accepted Accounting Principles (GAAP)
• Contract Terms
• Cost Principles in accordance with FAR Part 31