3064/3065-DL Quiz Flashcards
What are the similarities between private and public sector acquisitions?
both want to aquire goods at reasonable prices
use similar buying processes
members of the same marketplaces
What are the differences between private and public sector acquisitions due to unique gov’t requirements?
Public policy objectives
- additional objectives required of gov’t acquisition personnel. some are:
use competitive procedures
award to small business
preference for buying from commercial sources
What is the total ownership cost?
the sum of all financial resources necessary to organize, equip, train, sustain and operate military forces sufficient to meet national goals in compliance with all laws , etc…
Define the Civil Sundry Act
in 1861, it established a competitive open bid system and provisions of formal advertising
Define the Buy American Act
in 1931, it put requirements in place that give preference for domestically produced manufactured articles, materials, and supplies.
Define the War Powers Act
in 1941, it allowed the Heads of Gov’t agencies to provide their contracting officers a great deal of discretion
Define the Davis Bacon Act
1931, relates to minimum wage requirements for laborers and mechanics in construction work. It maintains wage levels and the economy by requiring the payment of prevailing are wage rates
Define the Economy Act
1921, the act permitted the establishment of procedures by which one gov’t agency could obtain needed supplies or services from another agency.
Define the Federal Acquisition Streamlining Act
1994, established policies for acquiring commercial items, authorized procedures for task order contracting, established simplified acquisition procedures and promoted electronic commerce.
Define the Federal Acquisition Reform Act
1996, authorized contracting officers to limit proposals in the competitive range, permitted excluded offerors to request pre-award debriefings and encouraged resolution for any protest based on such exclusion.
Define Evolutionary Acquisition
an acquisition strategy that defines, develops, produces or acquires, and fields an initial hardware or software increment of operational capability.
these capabilities can be provided in a shorter time, followed by subsequent increments of capability over time that accommodate improved technology and allow for full and adaptable systems over time
Define Spiral development
an iterative process for developing a defined set of capabilties within one increment.
requirements are refined through experimentation and risk management, there is continuous feedback and the user is provided the best possible capability within the increment.
What is the significant role of contracting in conducting business for the DoD?
To purchase: The right stuff At the right time At the right place Using a smart business arrangement
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The DoDs contracting mission is to…
purchase the The right stuff At the right time At the right place Using a smart business arrangement
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What is the US Army’s Mission?
To remain the most respected Army in the world and the most feared ground force to those who would threaten the interests of the United States