ACQUISITION & CONTRACTING EXAM 1

ACQUISITION & CONTRACTING EXAM
1


Acquisitionhb-
hbacquiringhbbyhbcontracthbwithhbappropriatedhbfundshbofhbsupplieshborhbserviceshbbyhbandhbforhbthehb
usehbofhbthehbFederalhbGovernmenthbthroughhbpurchasehborhblease,hbwhetherhbthehbsupplieshborhbserv
iceshbarehbalreadyhbinhbexistencehborhbmusthbbehbcreated,hbdeveloped,hbdemonstratedhbandhbevaluate
d



Procurementhb-hbacquiringhbgoods,hbservices,hbworkshbfromhbanhbexternalhbsource



Contractinghb-
hbpurchasing,hbrenting,hbleasinghborhbotherwisehbobtaininghbsupplieshborhbserviceshbfromhbnonfederalhb
sources.hbincludeshbdescriptionhbofhbsupplieshbandhbservices,hbselectionhbandhbsolicitationhbofhbsources
,hbpreparationhbandhbawardhbofhbcontractshbandhballhbphaseshbofhbcontracthbadministration



subcontractinghb-hbwhenhbsomehbofhbthehbefforthbishbcontractedhbtohbanotherhbparty



Contracthbmanagementhbashbahbcompetitivehbadvantagehb-
hbImportanthbparthbofhbthehbvaluehbchainhbthathbcanhbcreatehbsignificanthbvaluehboverhbandhbabovehbth
ehbcosthbofhboperations.hbEnableshbotherhbpartshbofhbthehborganizationhbtohbachievehbgreaterhbvaluehb
whenhbcontractinghbishbablehbtohbkeephbpriceshblowhbandhbdeliveryhbonhbtime.

Provideshbinsighthbandhbvaluehbtohbthehb'links'hbinhbthehbvaluehbchain.hbMakehborhbbuyhboutsourcinghbd
ecisionshbcanhbcreatehbcosthborhbdifferentiationhbadvantages.



ContracthbElementshb-
hbOffer,hbAcceptance,hbExchangehbofhbconsideration,hbCompetenthbparties,hbLegalityhbofhbpurpose

, LawhbofhbAgencyhb-
hbrelationshiphbbasedhbonhbthehbdelegationhbofhbauthorityhbbyhbthehbprincipalhbtohbthehbagenthbtohbact
hbonhbthehbprincipal'shbbehalf.




PrivityhbofhbContracthb-
hbthehblegalhbconnectionhborhbrelationshiphbthathbexistshbbetweenhbthehbcontractinghbpartieshballowing
hbeitherhbpartyhbtohbenforcehbcontractualhbrightshbandhbseekhbrestitution.hbBuyerhbhashbprivityhbofhbco
ntracthbwithhbthehbprimehbvendor/
contractorhbandhbthehbprimehbcontractorhbtohbsubcontractor.hbThehbbuyerhbdoeshbnothbhavehbprivityhbo
fhbcontracthbwithhbthehbsubcontractor.



Sourceshbofhbcontractinghbauthorityhb-hb-
Constitutionhbprovideshblegalhbauthorityhbofhbgovernmenthbtohbenterhbintohbcontractshbforhbsupplieshba
ndhbservices.

-StatuteshbandhblawshbofhbthehbUSChbTitlehb10

-FARhb1.602-1hbprovideshbactualhbcontractinghbofficerhbauthority

-Numeroushbexecutivehborders,hbregulations,hbdirectives



AuthoritieshbofhbKOhb-hbFARhb1602-
1:hbEnterhbinhbtohbcontracts,hbadministerhbandhbterminatehbcontracts,hbmakehbdeterminationshbandhbfi
ndings



ExpresshbAuthorityhb-hbActualhbauthorityhbashbdefinedhbinhbwriting



ImpliedhbAuthorityhb-hbActualhbauthorityhbbyhbpositionhb-hbnothbinhbwriting



ApparenthbAuthorityhb-
hbnothbintentionallyhbgranted,hbbuthbmayhbresthbwithhbthehbagenthbifhbthehbprincipalhborhbagencyhballo
wshbthehbagenthbtohbexercisehbsuchhbauthorityhbandhbthehbotherhbpartyhbbelieveshbthathbthehbagenthbi
ndeedhbpossesseshbsuchhbauthority.



Dangershbinhbapparenthbauthorityhb-
hbActinghbouthbofhbscopehbmayhbmakehbthehbagenthbliablehbandhbnohblimits