COR 2
What does it mean by "an agent of the Government has only the actual authority, not
apparent authority? - answer Government representative can not legally commit the
Government beyond the limits of his authority.
Who usually has actual authority in Government contracting? - answer Contracting
Officer (CO)
(p35,36,39) Acquisition planning includes... - answer Process where work/effort of all
people/personnel responsible for an acquisition are coordinated and integrated through
a plan.
"Contract type" identifies which party, Government or contractor, bears what? - answer
Liability for performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - answerUnder performance-based
acquisitions, the IRS pays for results, not effort or process, and contractors are free to
determine the best and most cost effective ways to fulfill the need. Performance-based
acquisitions also reduce unnecessary contract administration costs by trending away
from cost-reimbursement and level-of-effort contracts to fixed price, results oriented
contracts.
What is "Sources Sought Announcement"? - answerIdentify qualified sources.
What is "Request for Information (RFI)"? - answerSeeks the industry's expression of
interest, current commercial capabilities, and requirement feasibility.
What is "Request for Comment (RFC)"? - answerInvites industry feedback on a draft
work statement or solicitation
What are the two major families of contract type? - answer1) Fixed price contract and 2)
What is "cost reimbursement (CR) contract"? - answercost reimbursement (CR)
contract, the contractor pledges to deliver only its
best efforts to perform to the contract's requirements. Short of contractor fraud, willful
misconduct, abandonment, or refusal to perform, the contractor will escape legal liability
for
subpar work. Corrective action is at the buyer's expense.
What does it mean by "an agent of the Government has only the actual authority, not
apparent authority? - answer Government representative can not legally commit the
Government beyond the limits of his authority.
Who usually has actual authority in Government contracting? - answer Contracting
Officer (CO)
(p35,36,39) Acquisition planning includes... - answer Process where work/effort of all
people/personnel responsible for an acquisition are coordinated and integrated through
a plan.
"Contract type" identifies which party, Government or contractor, bears what? - answer
Liability for performance problems including
1) subquality work,
2) delinquent performance,
3) and cost growth.
What is "Performance Based Acquisition" - answerUnder performance-based
acquisitions, the IRS pays for results, not effort or process, and contractors are free to
determine the best and most cost effective ways to fulfill the need. Performance-based
acquisitions also reduce unnecessary contract administration costs by trending away
from cost-reimbursement and level-of-effort contracts to fixed price, results oriented
contracts.
What is "Sources Sought Announcement"? - answerIdentify qualified sources.
What is "Request for Information (RFI)"? - answerSeeks the industry's expression of
interest, current commercial capabilities, and requirement feasibility.
What is "Request for Comment (RFC)"? - answerInvites industry feedback on a draft
work statement or solicitation
What are the two major families of contract type? - answer1) Fixed price contract and 2)
What is "cost reimbursement (CR) contract"? - answercost reimbursement (CR)
contract, the contractor pledges to deliver only its
best efforts to perform to the contract's requirements. Short of contractor fraud, willful
misconduct, abandonment, or refusal to perform, the contractor will escape legal liability
for
subpar work. Corrective action is at the buyer's expense.
