Source Selection Planning

Question 1

The three primary purposes of Source Selection Planning

Answer 1

1. Provide a structured, fair, impartial evaluation of offerors
2. Maximize competition and innovation
3. Select best source

Question 2

Know that the Source Selection Plan:

Answer 2

• Describes source selection process for a particular acquisition
• Prepared by Program Office – Source Selection IPT
• Approved by the SSA

Question 3

The two ways to derive greatest overall benefit or “Best Value” IAW FAR 15.101

Answer 3

1. Tradeoff Source Selection Process

2. Lowest Price Technically Acceptable (LPTA)

Question 4

Proposal standards…

Answer 4

…Must be defined for each factor/sub-factor

…Are used to determine whether a proposal fails to meet, meets, or exceeds factor/sub-factor requirements

Question 5

Know the roles and responsibilities of the Source Selection IPT

Answer 5

Develops Source Selection Plan (SSP)
Develops evaluation Factors/Sub-factors
Establishes relative weights/importance of Factors
Defines evaluation standards for each Sub-factor
Establishes rating methods (words or colors)
Market Research

Question 6

Know the roles and responsibilities of the Source Selection Authority

Answer 6

Provides oversight of SSEB

Selects the contractor whose proposal will be the most advantageous to Government

Question 7

Fact Finding typically includes

Answer 7

Technical, Cost, and Price Analysis

Question 8

Know the difference between the Source Selection Evaluation Board (SSEB) and the Source Selection Advisory Council (SSAC).

Answer 8

SSEB

       - Evaluates each Sub-factor against its standard to derive a rating for each Sub-factor
       - Rolls Sub-factor ratings up to an “average” rating for each Factor 
       - Briefs results to Source Selection Authority

SSAC

      - Required on solicitations over $100M
      - Advises SSA
      - Provides award recommendation to SSA

Question 9

The Source Selection Procedures require …

Answer 9

standardized rating criteria and descriptions for technical and past performance factors

Question 10

The purpose of the evaluation criteria in the Source Selection Plan is

Answer 10

to assist in evaluating how well each offeror’s approach meets RFP requirements; identify strengths and weaknesses in proposals; and distinguish among proposals.

Question 11

The only time that the evaluation rating guidelines are released to offerors

Answer 11

there’s a protest

Question 12

What council is required on solicitations over $100M

Answer 12

Source Selection Advisory Council (SSAC)

Question 13

The Source Selection IPT develops the…

Answer 13

Source Selection Plan (SSP)

Question 14

Once the RFP is released, who is the person that only can negotiate with the offerors.

Answer 14

the KO

Question 15

The process of communicating back and forth between parties searching for a solution that best meets each party’s needs

Answer 15

Negotiations

Question 16

One indicator of the financial health of an offeror is …

Answer 16

their Profitability Ratios

Question 17

What shows the results of the company’s business activities over a period of time, expressed as income

Answer 17

Income Statement