(CON 2370) – Complete Study Guide
Simplified Acquisition Procedures (SAP) Right Ans - Streamlined
acquisition process for smaller purchases.
Procurement Process Right Ans - Time-consuming method for acquiring
goods and services.
Aggregate Amount Right Ans - Total value of acquisitions considered for
thresholds.
FAR Part 13 Right Ans - Regulations governing simplified acquisition
procedures.
Simplified Acquisition Threshold (SAT) Right Ans - Monetary limit for
using simplified procedures.
Threshold for General Use Right Ans - $250,000 for general simplified
acquisitions.
Threshold for U.S. Contracts Right Ans - $800,000 for U.S. awarded
contracts.
Threshold for Outside U.S. Right Ans - $1.5 million for contracts outside the
U.S.
Contingency Operations Right Ans - Support for emergency or defense
situations.
Small Business Set-Asides Right Ans - Policies prioritizing small businesses
in acquisitions.
Mandatory Government Sources Right Ans - Required suppliers under FAR
Part 8.
Indefinite-Delivery/Indefinite-Quantity (IDIQ) Right Ans - Contracts with
no fixed quantity or delivery schedule.
,Efficiency and Economy Right Ans - Goals of using simplified acquisition
procedures.
Evaluation and Award Right Ans - Assessment phase in the solicitation
process.
Commercial Items Right Ans - Goods available for sale in the market.
Research and Development (R&D) Right Ans - Innovative projects
requiring funding and acquisition.
FAR subpart 13.5 Right Ans - Authorizes SAP for commercial acquisitions
up to $7.5 million.
FAR 13.500(c) Right Ans - Allows SAP for acquisitions up to $15 million
under specific conditions.
Contingency operation Right Ans - Support for defense against major
attacks or disasters.
Micro-Purchase Threshold Right Ans - Maximum purchase amount without
formal bidding, varies by context.
General Micro-Purchase Threshold Right Ans - Set at $10,000 for standard
acquisitions.
Construction Micro-Purchase Threshold Right Ans - Set at $2,000 for
construction-related purchases.
Service Contract Labor Standards Right Ans - Threshold for services set at
$2,500.
Domestic Acquisition Threshold Right Ans - $20,000 for supplies/services
inside the U.S.
International Acquisition Threshold Right Ans - $35,000 for
supplies/services outside the U.S.
, FAR 2.101 Right Ans - Defines micro-purchase thresholds and related
terms.
FAR 13.002 Right Ans - States purpose of SAP to reduce administrative
costs.
FAR 13.003(c)(2) Right Ans - Prohibits breaking requirements to meet SAP
thresholds.
Governmentwide commercial purchase card Right Ans - Card for
authorized personnel to acquire supplies/services.
Electronic commerce Right Ans - Business transactions conducted via
electronic means.
Sealed Bidding Right Ans - FAR part 14 procedures for competitive bidding.
Contracting by Negotiation Right Ans - FAR part 15 procedures for
negotiated contracts.
Research and Development Contracting Right Ans - FAR part 35
procedures for R&D contracts.
Construction and Architect-Engineer Contracts Right Ans - FAR part 36
procedures for construction contracts.
Acquisition of Commercial Items Right Ans - FAR part 12 procedures for
commercial item purchases.
Administrative costs Right Ans - Expenses related to managing contracts
and acquisitions.
Emergency response Right Ans - Actions taken to address urgent disaster
situations.
Cyber attack Right Ans - Malicious actions targeting computer systems or
networks.