Managing Contracts Throughout the Contract Lifecyle

Question 1

the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated

Answer 1

acquisition

Question 2

when does acquisition begin

Answer 2

when agency needs are established and includes the description of requirements to satisfy agency needs, solicitation and selection of sources, award of contracts, contract financing, contract performance, contract administration, and those technical and management functions directly related to the process of fulfilling agency needs by contract.

Question 3

all participants in Government acquisition including not only representatives of the tecchnical,supply, and procurement communities but also the customers they serve, and the contractors who provide the products and services.

Answer 3

the acquisition team

Question 4

the ______________ _____________must have the authority to the maximum extent practicable and consistent with law, to determine the application of rules, regulations, and policies, on a specific contract.

Answer 4

the contracting officer

Question 5

what are those selection criteria found in FAR 1.603-2

Answer 5

Experience in Government contracting and administration, commercial purchasing, or related fields.
Education or special training in business administration, law, accounting, engineering, or related fields.
Knowledge of acquisition policies and procedures, including this and other applicable regulations.
Specialized knowledge in the particular assigned field of contracting.
Satisfactory completion of acquisition training courses.

Question 6

DFARS 201.603-2 tells us that in order to qualify to serve as a contracting officer with authority to award or administer contracts for amounts above the simplified acquisition threshold, a person must:

Answer 6

Have completed all contracting courses, two years of experience, a BA, additional requirements depending upon contract complexity, see DFARS 201.603-2(2) for exemptions and amplifications

Question 7

COs are responsible for what two aspects according to FAR 1.602-2

Answer 7

responsible for ensuring performance, and responsible for compliance, and safeguarding the US in its contractual relationships

Question 8

What do contracting officers have to designate in writing and furnish copies to the contractor and the contract administration office

Answer 8

CORs