FAC C Certification Exam 200 Questions And Answers Set 01
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Terms in this set
200
The contracting lifecycle consists of three phases:
Preaward, award, & postaward
The preaward phase involves:
All the work performed by both the buyer (Government or prime contractor) and seller (contractor or subcontractor in communicating the buyer's requirements and providing a solution to those requirements.
Typically start befor the contracting process:
Requirements definition, budgeting/funding process, and acquisition planning.
Preaward phase consists of two primary activities:
Develop solicitation (Government) and develop offer (Contractor).
In planning the solicitation, the buying activity must:
Assess the need, analyze the requirement, ensure contract outcomes will be measurable and properly incentivized, and verify the availability of funds.
What two FAR parts are key resources in developing the solicitation?
FAR Part 7 Acquisition Planning; FAR Part 11 Describing Agency Needs
Buying activities must conduct ___ to identify potential suppliers, evaluate if the requirement is achievable, and perform any pre-offer conferences or communication.
Market Research
What FAR part is a key resource for conducting Market Research?
FAR Part 10 Market Research
How do buying activities analyze risk?
Performing make or buy decisions; conducting a supply or services determination; and understanding the required schedule or needs of the customer including the need for property (including intellectual property).
What FAR/DFARS resources can assist in analyzing risks?
FAR 15.407-2 Make-or-Buy Programs; FAR Subpart 11.4 Delivery or Performance Schedules; FAR Part 45 Government Property; DFARS Part 227 Patents, Data, & Copyrights.