FAR Part 19 Deck 1 Flashcards
(79 cards)
What is the scope of part 19?
It implements acquisition-related sections of the Small Business Act and covers eligibility, roles of agencies and the SBA, setting acquisitions aside, and more.
Define ‘Concern’ as used in part 19.
Any business entity organized for profit with a place of business in the U.S. that contributes to the economy through taxes and/or use of American products.
What does ‘Fair market price’ mean?
A price based on reasonable costs under normal competitive conditions.
What is the purpose of the North American Industry Classification System (NAICS)?
It classifies businesses engaged in similar lines of activity.
What is a ‘similarly situated entity’?
A first-tier subcontractor with the same small business program status as the prime contractor.
What is the role of the SBA in determining small business size standards?
The SBA establishes size standards on an industry-by-industry basis.
How often are NAICS codes updated?
Every five years by the Office of Management and Budget.
True or False: NAICS codes are available for use in Federal contracting as soon as they are created.
False.
What must contracting officers do regarding NAICS codes for solicitations?
Assign one NAICS code and corresponding size standard to all solicitations, contracts, and orders.
What is the general policy regarding small business participation in acquisitions?
Encouraging small business participation is a key policy.
What is the purpose of the Certificate of Competency program?
To assess the capability of small businesses to perform contracts.
What does ‘setting aside acquisitions’ refer to?
Reserving contracts for exclusive competitive participation by small businesses.
Fill in the blank: The _______ Program is aimed at assisting small disadvantaged businesses.
[8(a)]
What is the Small Business Subcontracting Program?
A program that outlines responsibilities and requirements for subcontracting to small businesses.
What is the significance of the HUBZone Program?
It encourages economic development in historically underutilized business zones.
What does SDVOSB stand for?
Service-Disabled Veteran-Owned Small Business.
What is required for a small business to participate in procurement under part 19?
They must meet the definition of small business concern and concern.
What is the purpose of the Women-Owned Small Business Program?
To promote and support women-owned businesses in federal contracting.
What are the eligibility requirements for participating in the Small Business Subcontracting Program?
Defined by the statutory requirements and responsibilities of contracting officers.
What is the general policy on data collection and reporting requirements?
There are specific requirements established for data collection and reporting.
What does ‘protesting a small business representation’ entail?
Challenging a firm’s claim to small business status.
What is a sole source award?
An award made to a small business without a competitive bidding process.
What is the purpose of the ‘8(a)’ business development program?
To support small disadvantaged businesses in federal contracting.
What is the HUBZone set-aside procedure?
A process for reserving contracts specifically for HUBZone small businesses.