Con 3900 Questions with Correct Answers
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Terms in this set (463)
Authority explicitly given to the agent through the
Express Actual Authority:
principal's written or oral instructions
authority to do what is usual, customary and
Implied Actual Authority: necessary to accomplish the action. No express
agreement
someone reasonably believes an individual has the
Apparent Authority:
authority to act on the behalf of the government
he FAR and states that each authority is delegable
Delegation of authority:
unless specifically stated otherwise (FAR 1.108(b)).
mutually binding legal relationship obligating the
contract: seller to furnish the supplies or services (including
construction) and the buyer to pay for them in writing
meeting of the minds. parties involved in a contract
must come to an agreement about the details of the
Mutual Assent:
transaction and each party either makes a promise or
begins or renders performance.
refers to the legal competence of a person to enter a
Capacity:
valid contract.
something of value that a promisor (the offeror)
Consideration: receives from a promisee (the offeree) in return for his
or her offer.
, the contract must not be for an unlawful purpose or
Lawful Purpose:
contrary to public policy
Capacity
Essential elements of a Mutual assent
contract: Consideration
Lawful purpose
FAR part 10: market research
the process used to determine if industry can support
the acquisition "needs" of the Government. a
Market research: continuous process for gathering and analyzing
information about products and services that are
available in marketplace.
if commercial products/services or non-
Market research is developmental items are available to meet the
conducted to determine: Government's needs or could be modified to meet
the Government's needs (FAR10.002(b)).
continuous. overall market developments, trends and
capabilities.
Strategic market research:
An example of strategic research is attending a trade
show for a specific industry.
conducted at specific points during the acquisition
process. provides a deeper understanding of the
Tactical Market: market and answer specific questions about the
capabilities, products or services available in the
market.
Market research can be: Strategic or Tactical
Generally, unless an exception applies or is otherwise
The Competition in expressly authorized by statute, Contracting Officers
Contracting Act of 1984, shall promote and provide for full and open
(CICA): competition in soliciting offers and awarding
Government contracts.
Save
Terms in this set (463)
Authority explicitly given to the agent through the
Express Actual Authority:
principal's written or oral instructions
authority to do what is usual, customary and
Implied Actual Authority: necessary to accomplish the action. No express
agreement
someone reasonably believes an individual has the
Apparent Authority:
authority to act on the behalf of the government
he FAR and states that each authority is delegable
Delegation of authority:
unless specifically stated otherwise (FAR 1.108(b)).
mutually binding legal relationship obligating the
contract: seller to furnish the supplies or services (including
construction) and the buyer to pay for them in writing
meeting of the minds. parties involved in a contract
must come to an agreement about the details of the
Mutual Assent:
transaction and each party either makes a promise or
begins or renders performance.
refers to the legal competence of a person to enter a
Capacity:
valid contract.
something of value that a promisor (the offeror)
Consideration: receives from a promisee (the offeree) in return for his
or her offer.
, the contract must not be for an unlawful purpose or
Lawful Purpose:
contrary to public policy
Capacity
Essential elements of a Mutual assent
contract: Consideration
Lawful purpose
FAR part 10: market research
the process used to determine if industry can support
the acquisition "needs" of the Government. a
Market research: continuous process for gathering and analyzing
information about products and services that are
available in marketplace.
if commercial products/services or non-
Market research is developmental items are available to meet the
conducted to determine: Government's needs or could be modified to meet
the Government's needs (FAR10.002(b)).
continuous. overall market developments, trends and
capabilities.
Strategic market research:
An example of strategic research is attending a trade
show for a specific industry.
conducted at specific points during the acquisition
process. provides a deeper understanding of the
Tactical Market: market and answer specific questions about the
capabilities, products or services available in the
market.
Market research can be: Strategic or Tactical
Generally, unless an exception applies or is otherwise
The Competition in expressly authorized by statute, Contracting Officers
Contracting Act of 1984, shall promote and provide for full and open
(CICA): competition in soliciting offers and awarding
Government contracts.
