FAR Part 1

Question 1

What are the Guiding Principles of the FAR?

Answer 1

• Provide Best Value for Customer
• Maintian the Public’s Trust
• Serve Public Policy Objectives
• Work together as a Team

See FAR 1.102(a)

Question 2

What is the role of each team member of the Aquisition Team?

Answer 2

To exercise personal initiative and sound business judgment in providing the best value product or service to meet the customer’s needs.

See FAR 1.102(d)

Question 3

What is the primary objective of DoD acquisition?

Answer 3

To acquire quality supplies and services that satisfy user needs with measurable improvements to mission capability and operational support at a fair and reasonable price.

See DFARS 201.101(3)