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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" - ANSWER Under 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"? - ANSWER Identify qualified sources. What is "Request for Information (RFI)"? - ANSWER Seeks the industry's expression of interest, current commercial capabilities, and requirement feasibility. What is "Request for Comment (RFC)"? - ANSWER Invites industry feedback on a draft work statement or solicitation What are the two major families of contract type? - ANSWER 1) Fixed price contract and 2) What is "cost reimbursement (CR) contract"? - ANSWER cost 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 is "Fixed Price (FP) contract"? - ANSWER In a fixed price (FP) contract, the contractor pledges to perform successfully at a predetermined price. The basic rule is that if it fails, it bears full liability for the extra costs for performance and for the costs incurred by the Government pursuant to that failure. Describe the "Firm Fixed Price (FFP)" contract type? - ANSWER Risk 가 없고, cost(가격)도 정확히 estimate(예측)할수 있고, 요구사항이 잘 define 되어있고, line item 마다 Firm Fixed Price 가 정해져 있다, contractor 는 정해진 시간, 가격, 장소에서 산출물(deliverable)을 전달한다, commercial (상업) supplies (물자) 와 service (서비스), R&D 사업에는 부적절한다(inappropriate). List 3 methods of solicitation and describe each. - ANSWER Request for Quote (RFQ), IFB List 7 circumstances permitting Sole Source as per CICA? - ANSWER 1) Only one responsible source 2) Unusual and compelling urgency 3) Industrial mobilization; engineering, developmental, or research capability; or expert services 4) International agreement 5) Authorized or required by statute 6) National security 7) Public interest What is CICA? - ANSWER The Competition in Contracting Act (CICA) was passed into law in 1984 as a foundation for the Federal Acquisition Regulation (FAR) and to foster competition and reduce costs. What is Simplified Acquisition? - ANSWER Acquisitions that are exempted from the requirement for full and open competition by the Competition in Contracting Act under 41 U.S.C. 253(g). Authorized Statue: For purchases between micro-purchase threshold and $25,000? - ANSWER CO considers at least 3 sources Authorized Statue: For purchases exceeding $25,000? - ANSWER The requirement must be publicly announced in Federal Business Opportunities