Skills and Roles in Contract Administration Flashcards
What is the focus of the Pre-award Phase in the contracting process?
The Pre-award Phase involves all the work performed by both the buyer and seller in communicating the buyer’s requirements and providing a solution to those requirements.
What is the role of the buyer in the Pre-award Phase?
The role of the buyer in the Pre-award Phase is to communicate their requirements to the seller.
Why is it important to understand the regulatory environment in contracting?
Understanding the regulatory environment is important to legally implement an effective solution and manage risk while satisfying contract requirements and obligations.
Who are the key stakeholders involved in the Pre-award Phase?
The key stakeholders involved in the Pre-award Phase are the buyer (Government or prime contractor) and the seller (contractor or subcontractor).
What is the primary goal of developing and executing business strategies in contracting?
The primary goal is to guide the customer and other stakeholders through the contract life cycle phases effectively.
What are the three phases of the Contract Life Cycle?
The three phases of the Contract Life Cycle are Pre-award, Award, and Post-award.
What is a key activity performed by sellers during the Pre-award Phase?
A key activity performed by sellers during the Pre-award Phase is providing a solution to the buyer’s requirements.
What are the two primary activities of the pre-award phase in contracting?
The two primary activities of the pre-award phase are developing the solicitation and conducting market research.
What are the key concepts from FAR parts 7 and 11 regarding acquisition planning and agency needs?
FAR part 7 emphasizes the importance of acquisition planning to ensure that the government meets its needs in the most effective, economical, and timely manner. FAR part 11 focuses on describing agency needs to ensure that specifications are clear and promote full and open competition.
What is the importance of market research in the pre-award phase?
Market research is essential to identify potential suppliers, evaluate the achievability of requirements, and is a continuous process throughout all phases of the contract life cycle.
What role does the contracts manager play before finalizing the solicitation?
The contracts manager participates in choosing a contract type and contracting method, determining applicable regulations, and building an evaluation strategy for offers.
What is required before issuing a solicitation?
The buying activity must determine the need and means of publicizing the solicitation to ensure offerors are aware of the potential business opportunity.
What must buying activities analyze when planning a solicitation?
Buying activities must analyze risks, which includes make or buy decisions, supply or services determination, and understanding customer needs and schedules.
What are the main points from FAR parts 12, 13, 14, and 15 regarding contracting methods?
FAR part 12 focuses on commercial item acquisition, part 13 covers simplified acquisition procedures, part 14 deals with sealed bidding, and part 15 outlines negotiated procurement procedures.
How do offerors ensure they provide a superior solution for the buyer?
Offerors often communicate with the buying activity to understand the buyer’s requirements better and tailor their offer accordingly.
What is the value added by the offer development process?
The value added is that it allows the seller to provide a comprehensive solution that enhances their competitive position in the marketplace.
How do offerors build their offers in relation to government regulations?
While offerors are aware of the laws and regulations the Government buyer must follow, they build their offers based on their own business strategy and operating procedures.
What must offerors consider when developing their offer?
Offerors must consider their overall sales plan, risk strategy, and the need for assistance from partners, subcontractors, or vendors in contract performance.
What is the primary purpose of developing an offer in response to a solicitation?
The primary purpose is to submit an offer that aligns with the offeror’s overall sales plan and risk strategy while providing a comprehensive solution to the buyer’s requirements.
What happens if there is a disagreement during the Award Life Cycle Phase?
There is a structured process for a seller to protest an action by the buyer, and resolution may involve appeal of decisions to higher levels.
What are the key concepts from FAR 15.404 regarding proposal analysis?
FAR 15.404 provides guidance on cost and price analysis techniques, ensuring that prices are fair and reasonable, and outlines the process for evaluating and negotiating proposals.
Which FAR subpart discusses the protest processes?
FAR subpart 33.1 discusses the protest processes.
What is the second phase of the contract life cycle?
The second phase of the contract life cycle is Award.
What can the buying activity do to plan for negotiations?
The buying activity may ask for clarification from offerors and then develop negotiation objectives.
What must the buying activity analyze when it receives offers?
The buying activity must analyze proposals in terms of risk, review for price reasonableness, and document the results of the analysis.
What is the main activity involved in the Award phase?
The main activity involved in the Award phase is forming the contract.