AAFC_QUIZ #2 Flashcards
What is the DoD’s Contracting’s Mission?
To purchase:
o The Right Stuff …
o Delivered to the Right Place…
o At the Right Time…
o At the Right Price…
Using a Smart Business Arrangement.
What is the DoD Total Ownership Cost (TOC)?
is another Acquisition Initiative that impacts life cycle management
Defined as 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, all policies applicable to DoD, all standards in effect for readiness, safety, and quality of life, and all other official measures of performance for DoD and it’s components.
TOC is comprised of costs to research, develop, acquire, own, operate, and dispose of weapons and support systems, other equipment and real property.
TOC also includes the costs to recruit, train, retain, separate and otherwise support military and civilian personnel, and other costs of business operations in DoD.
What is the Department of Treasury?
In 1792, President Washington established the Department of the Treasury.
This department served as an executive agency of the President and received full responsibility for conducting purchases and contracts for the American Army
What is the Buy American Act?
The Act puts requirements in place that give preference for domestically produced manufactured articles, materials and supplies. This is important in support of the industrial base.
What is the Federal Acquisition Streamlining Act (FASA)?
This Act established policies for acquiring commercial items, authorized procedures for task order contracting, established simplified acquisition procedures and promoted electronic commerce.
What is strategy?
An elaborate and systematic plan of action
Who is responsible for meeting the customer’s needs?
The contract specialist/business advisor
What is contingency contracting?
When the Government has to purchase supplies or services necessary to respond to certain situations, it is called contingency contracting
What is operational contracting?
Base, Post, Camp or Station (also referred to as operational contracting) actually refers to a physical location.
The main idea is that you, as a contracting professional, are essentially buying supplies, services, and construction for a small city or installation.
