FAR Part 1 Flashcards
FAR Part 1
Federal Acquisition Regulations System
FAR Part 2
Definitions of Words and Terms
FAR Part 3
Improper Business Practices and Personal Conflicts of Interest
FAR Part 4
Administrative Matters
FAR Part 5
Publicizing Contract Actions
FAR Part 6
Competition Requirements
FAR Part 7
Acquisition Planning
FAR Part 8
Required Sources of Supplies and Services
FAR Part 9
Contractor Qualifications
FAR Part 10
Market Research
FAR Part 11
Describing Agency Needs
FAR Part 12
Acquisition of Commercial Items
FAR Part 13
Simplified Acquisition Procedures
Agreements that are not binding solely because the gov’t rep lacked the
authority to enter into that agreement on behalf of the gov’t
Unauthorized commitments
FAR Part 14
Sealed bidding
FAR Part 15
Contracting by Negotiation
FAR Part 16
Types of Contracts
FAR Part 17
Special Contracting Methods
FAR Part 18
Emergency Acquisitions
FAR Part 19
Small Business Programs
FAR Part 22
Application of Labor Laws to Government Acquisitions
FAR Part 23
Environment, Energy and Water Efficiency, Renewable Energy Technologies, Occupational Safety, and Drug-Free Workplace
FAR Part 24
Environment, Energy and Water Efficiency, Renewable Energy Technologies, Occupational Safety, and Drug-Free Workplace
FAR Part 25
Foreign Acquisition
FAR Part 26
Other Socioeconomic Programs
FAR Part 27
Patents, Data, and Copyrights
FAR Part 28
Bonds and Insurance
FAR Part 29
Taxes
FAR Part 30
Cost Accounting Standards Administration
FAR Part 31
Contract Cost Principles and Procedures
FAR Part 32
Contract Financing
FAR Part 33
Protests, Disputes, and Appeals
FAR Part 34
Major System Acquisition
FAR Part 35
Research and Development Contracting
FAR Part 36
Construction and Architect-Engineer Contracts
FAR Part 37
Service Contracting
FAR Part 38
Federal Supply Schedule Contracting
FAR Part 39
Acquisition of Information Technology
FAR Part 41
Acquisition of Utility Services
FAR Part 42
Contract Administration and Audit Services
FAR Part 43
Contract Modificiations
FAR Part 44
Subcontracting Policies and Procedures
FAR Part 45
Government Property
FAR Part 46
Quality Assurance
FAR Part 47
Transportation
FAR Part 48
Value Engineering
FAR Part 49
Termination of Contracts
FAR Part 50
Extraordinary Contractual Actions and the safety act
FAR Part 51
Use of Government Sources by Contractors
FAR Part 52
Solicitation Provisions and Contract Clauses
FAR Part 53
Forms
GAO
Government Accountability Office
When must a protest be filed?
before bid opening or the closing date for receipt of proposals
Contractor-acquired property
property acquired, fabricated, or otherwise provided by the Contractor for performing a contract, and to which the Government has title
Cannibalize
to remove parts from Government property for use or for installation on other Government property.
Government-furnished property
property in the possession of, or directly acquired by, the Government and subsequently furnished to the Contractor for performance of a contract
Government property
all property owned or leased by the Government, includes both Government-furnished and Contractor-acquired property; does not include intellectual property and software.
Material
property that may be consumed or expended during the performance of a contract, component parts of a higher assembly, or items that lose their individual identity through incorporation into an end item. Material does not include equipment, special tooling, special test equipment or real property
Property Administrator
an authorized representative of the Contracting Officer appointed in accordance with agency procedures, responsible for administering the contract requirements and obligations relating to Government property in the possession of a Contractor
Annual Performance Bond
A single bond, in lieu of separate performance bonds, to secure fulfillment of contractor’s obligations under contracts other than for construction requiring bonds entered into during a specific fiscal year
Bonds are required in domestic construction contracts valued at over
$150,000
Multi-year contract
a contract for the purchase of supplies or services for more than 1, but not more than 5, program years
distinguishing difference between multi-year contracts and multiple year contracts
multi-year contracts, defined in the statutes cited at 17.101, buy more than 1 year’s requirement (of a product or service) without establishing and having to exercise an option for each program year after the first
Termination for Convenience
Termination of a contract by the unilateral right of the government to do so, for the convenience of the government when the contract no longer serves the government’s best interests
Termination for Default
Termination of a contract resulting from one party’s failure to perform one or more actions required by the contract
A quotation is not an offer
True
Acceptance of a quote by the Government
does not form a binding contract
Issuance of an order by the Government in response to a supplier’s quotation
Does, or does not, establish a contract. DOES NOT
A contract is established when the supplier
accepts an offer
Time-and-materials contracts and labor-hour contracts
are not fixed-price contracts
A fixed-price contract with economic price adjustment
provides for upward and downward revision of the stated contract price upon the occurrence of specified contingencies
cost-plus-incentive-fee contract
cost-reimbursement contract that provides for an initially negotiated fee to be adjusted later by a formula based on the relationship of total allowable costs to total target costs
cost-plus-award-fee contract
cost-reimbursement contract that provides for a fee consisting of (a)a base amount (which may be zero) fixed at inception of the contract and (b)an award amount, based upon a judgmental evaluation by the Government, sufficient to provide motivation for excellence in contract performance
cost-plus-fixed-fee contract
cost-reimbursement contract that provides for payment to the contractor of a negotiated fee that is fixed at the inception of the contract. The fixed fee does not vary with actual cost, but may be adjusted as a result of changes in the work to be performed under the contract.
A cost-plus-fixed-fee contract may take one of two basic forms-completion or term
completion form describes the scope of work by stating a definite goal or target and specifying an end product
term form describes the scope of work in general terms and obligates the contractor to devote a specified level of effort for a stated time period
the Indian Incentive Program allows an incentive payment equal to
5 percent of the amount paid to a sub
Indian
any person who is a member of any Indian tribe, band, group, pueblo, or community that is recognized by the Federal Government as eligible for services from the Bureau of Indian Affairs (BIA)
“Native” as defined in the Alaska Native Claims Settlement Act
contract should not normally be terminated for convenience but should be permitted to run to completion when the undelivered balance is
less than $5,000
Sealed bidding is
a method of contracting that employs competitive bids, public opening of bids, and awards
Sealed bidding solicitations are called
Invitation for bid
If an invitation for bid is cancelled
Responsible bidders must be given notice that negotiations will be conducted AND the award is made to the bidder with the lowest negotiated price
The Governmentwide commercial purchase card may NOT be used to pay for
travel arrangements
a special form of written approval by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions is called
Determination and Findings
Fast payment procedures require
Firm Fixed Price
Less than $35,000
Deliveries of supplies are to occur at locations where there is both a geographical separation and a lack of adequate communications facilities between Government receiving and disbursing activities that will make it impractical to make timely payment based on evidence of Government acceptance
What venue is NOT authorized to receive protests?
US District Court
Multiyear contract may be terminated for convenience
True
For claims of $100,000 or less, he contracting officer shall issue the decision within
60 days after receiving a written request from the contractor that a decision be rendered within that period, or within a reasonable time after receipt of the claim if the contractor does not make such a request
For claims over $100,000, the contracting officer shall issue the decision
60 days after receiving a certified claim; provided, however, that if a decision will not be issued within 60 days, the contracting officer shall notify the contractor, within that period, of the time within which a decision will be issued
FAR Part 41 does not apply to the acquisition of which utility services
Cable TV, Telecommunications
In determining the materiality of a directly associated cost, consideration should be given to the significance of
The actual dollar amount,
(ii) The cumulative effect of all directly associated costs in a cost pool, and
(iii) The ultimate effect on the cost of Government contracts.
In determining the materiality of a directly associated cost, consideration should NOT be given to the significance of
The funding source
The Buy American statute uses what kind of test to define a domestic end product?
a two-part test
A general wage determination
contain no expiration date and remain valid until modified, superseded, or canceled by the Department of Labor
Once incorporated in a contract, a general wage determination normally remains effective for the life of the contract, unless the contracting officer exercises an option to extend the term of the contract
Contracting officers shall
Appoint a COR on all contracts and orders other than those that are firm-fixed price, and for firm-fixed-price contracts and orders as appropriate, unless the contracting officer retains and executes the COR duties.
Ensure that contractors receive impartial, fair, and equitable treatment
Request and consider the advice of specialists in audit, law, engineering, information security, transportation, and other fields, as appropriate
Market research conducted within _____ months before the award or any task or delivery order may be used if the information is still current, accurate and relevantf
18
Who is/are authorized to sign contracts on behalf of the US government?
Contracting Officer
Contracts do not include
Grants and cooperative agreements
Contractors must maintain representations and certifications in which single location?
SAM.gov
Representations and certifications are provided by contractors
in SAM.gov
Covered contractor information system is
any IS that is owned or operated by a contractor that processes, stores, or transmits federal contract information
Contract records must be retained by the contractor for
a minimum of 3 years after final payment
Latent defect
a defect that exists at the time of acceptance but cannot be discovered by a reasonable inspection.
