FAR Part 2 Deck 2 Flashcards
(130 cards)
1
Q
What is the Stafford Act?
A
A law that provides major disaster assistance to supplement state and local efforts in disaster relief (42 U.S.C. 5122).
2
Q
What defines a ‘major system’?
A
A combination of elements functioning together to fulfill a mission need, excluding construction improvements.
3
Q
What are the expenditure thresholds for a major system under the Department of Defense?
A
- More than $185 million for research, development, test, and evaluation
- More than $835 million for acquisition
4
Q
What is a ‘make-or-buy program’?
A
A contractor’s plan identifying major items to be produced in-house versus subcontracted.
5
Q
What constitutes a ‘manufactured end product’?
A
Any end product in PSC 1000-9999, excluding specific PSCs such as lumber, agricultural supplies, and minerals.
6
Q
What is ‘market research’?
A
Collecting and analyzing information about market capabilities to satisfy agency needs.
7
Q
What is a ‘master solicitation’?
A
A document containing essential clauses for the repetitive acquisition of specific supplies or services.
8
Q
True or False: ‘May’ denotes a mandatory requirement.
A
False.
9
Q
What is the ‘micro-purchase threshold’?
A
$10,000, with exceptions for construction and services under specific regulations.
10
Q
What defines a ‘minority institution’?
A
An institution of higher education that meets specific requirements under the Higher Education Act of 1965.
11
Q
What is a ‘multi-agency contract’ (MAC)?
A
A task-order or delivery-order contract established by one agency for use by other Government agencies.
12
Q
What is a ‘multiple-award contract’?
A
A contract issued to multiple sources based on the same solicitation.
13
Q
What does ‘must’ mean in legal terms?
A
It is synonymous with ‘shall’.
14
Q
What is defined as ‘national defense’?
A
Activities related to military or atomic energy programs, military assistance, and stockpiling.
15
Q
What is a ‘neutral person’?
A
An impartial third party assisting in resolving controversies without conflicts of interest.
16
Q
What is a ‘nondevelopmental item’?
A
An item previously developed for governmental use or requiring only minor modifications.
17
Q
What is a ‘novation agreement’?
A
A legal instrument transferring contract obligations from one party to another, with government recognition.
18
Q
What is an ‘offer’ in contract terms?
A
A response to a solicitation that binds the offeror to perform if accepted.
19
Q
What does ‘OMB Uniform Guidance’ refer to?
A
Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (2 CFR part 200).
20
Q
What is an ‘option’ in a contract?
A
A unilateral right to purchase additional supplies or extend the contract term.
21
Q
What is an ‘organizational conflict of interest’?
A
A situation where a person cannot provide impartial advice due to other relationships.
22
Q
What are ‘outlying areas’?
A
- Commonwealths
- Territories
- Minor outlying islands
23
Q
What is ‘overtime’?
A
Time worked beyond an employee’s normal workweek.
24
Q
What is an ‘overtime premium’?
A
The difference between regular pay and the higher rate for overtime work.
25
What is 'partial termination'?
The termination of part of the work under a contract that has not been completed.
26
What does 'past performance' refer to?
An offeror’s performance on active and completed contracts.
27
What is 'performance-based acquisition' (PBA)?
An acquisition structured around the results to be achieved.
28
What is a 'Performance Work Statement' (PWS)?
A statement describing required results in measurable terms for performance-based acquisitions.
29
What is 'personal property'?
Property of any kind except real property and specific naval vessels.
30
What is a 'personal services contract'?
A contract that makes contractor personnel appear as Government employees.
31
What is the role of a 'plant clearance officer'?
Responsible for screening and disposing of contractor inventory.
32
What does 'pollution prevention' entail?
* Reducing hazardous substances in waste streams
* Protecting natural resources through conservation
33
What is a 'power of attorney'?
Authority given to act for and obligate another person or corporation.
34
What is a 'preaward survey'?
An evaluation of a prospective contractor’s capability to perform a proposed contract.
35
What does 'preponderance of the evidence' mean?
Proof that leads to the conclusion that a fact is more probably true than not.
36
What is 'pricing' in procurement?
The process of establishing reasonable amounts to be paid for supplies or services.
37
Who is considered a 'principal' in a business entity?
An officer, director, owner, or person with primary management responsibilities.
38
What does 'procurement' mean?
The act of acquiring supplies or services.
39
What is a 'procuring activity'?
A component of an executive agency with a significant acquisition function.
40
What does 'products' mean in procurement terms?
It has the same meaning as 'supplies'.
41
What is 'projected average loss'?
The estimated long-term average loss per period for comparable exposure to risk.
42
What defines a 'proper invoice'?
An invoice meeting minimum standards specified in 32.905(b).
43
What is a 'purchase order'?
An offer by the Government to buy supplies or services under specified terms.
44
What is a 'qualification requirement'?
A Government requirement for testing or quality assurance before contract award.
45
What is a 'qualified products list' (QPL)?
A list of products meeting all applicable qualification requirements.
46
What is a 'qualifying offeror'?
An offeror determined to be responsible and likely to offer fair pricing.
47
What is a 'receiving report'?
Evidence of Government acceptance of delivered supplies or performed services.
48
What is 'recovered material'?
Waste materials recovered from solid waste, excluding those reused in manufacturing.
49
What does it mean to be 'registered in the System for Award Management (SAM)'?
Completing mandatory information and validation for government contracting.
50
What is a 'requesting agency'?
The agency with a requirement for an interagency acquisition.
51
What is 'residual value'?
Proceeds from the disposition of a tangible capital asset, minus costs.
52
What does TIN stand for?
Taxpayer Identification Number
53
What is required for TIN validation during SAM registration?
Consent for TIN validation to the Government
54
What does the term 'requesting agency' refer to?
The agency that has the requirement for an interagency acquisition
55
Define 'residual value'.
The proceeds, less removal and disposal costs, realized upon disposition of a tangible capital asset
56
What is meant by 'responsible audit agency'?
The agency that is responsible for performing all required contract audit services at a business unit
57
Who is classified as a 'responsible prospective contractor'?
A contractor that meets the standards in 9.104
58
What is a 'reverse auction'?
A process for obtaining pricing where offerors see competing offerors' prices and can submit lower offers
59
What does 'scrap' mean in this context?
Personal property that has no value except its basic metallic, mineral, or organic content
60
What does 'segment' refer to in an organization?
One of two or more divisions, product departments, or other subdivisions reporting directly to a home office
61
Define 'self-insurance'.
The assumption or retention of the risk of loss by the contractor
62
Who is the 'senior procurement executive'?
The individual responsible for management direction of the acquisition system of the executive agency
63
What is a 'service-disabled veteran-owned small business (SDVOSB) concern'?
A small business concern at least 51% owned and controlled by service-disabled veterans
64
What defines a 'service-disabled veteran'?
A veteran with a service-connected disability who is registered in the Beneficiary Identification and Records Locator Subsystem
65
What is the criteria for an SDVOSB concern to be eligible under the SDVOSB Program?
Designated in SAM as certified by the SBA or has submitted a complete application for certification to SBA
66
What does the term 'servicing agency' mean?
The agency that will conduct an assisted acquisition on behalf of the requesting agency
67
What does 'shall' denote in regulatory language?
The imperative
68
What is meant by 'shipment'?
Freight transported or to be transported
69
What are 'shop drawings'?
Drawings submitted by the contractor showing details of fabrication and assembly or installation of materials
70
True or False: 'Should' indicates an expected course of action or policy.
True
71
What does 'signature' refer to?
The discrete, verifiable symbol of an individual indicating a present intention to authenticate a writing
72
What are 'simplified acquisition procedures'?
Methods prescribed in part 13 for making purchases of supplies or services
73
What is the simplified acquisition threshold amount?
$250,000
74
What is the single Governmentwide point of entry?
The designated point of entry allowing the private sector to access procurement opportunities Governmentwide
75
Define 'small business concern'.
A concern independently owned and operated, not dominant in its field, and qualifying as a small business under criteria in 13 CFR part 121
76
What does 'affiliates' mean in the context of small business concerns?
Business concerns one of whom controls or has power to control the others
77
What is a 'small business subcontractor'?
A concern that does not exceed the size standard for the NAICS code determined by the prime contractor
78
What is a 'Small Business Teaming Arrangement'?
An arrangement where two or more small business concerns form a joint venture or agree to subcontract under a Government contract
79
What is a 'small disadvantaged business concern'?
A small business concern at least 51% owned by socially and economically disadvantaged individuals
80
Define 'sole source acquisition'.
A contract entered into after soliciting and negotiating with only one source
81
What is a 'solicitation'?
Any request to submit offers or quotations to the Government
82
What does 'source selection information' include?
Information prepared for use by an agency for evaluating a bid or proposal that has not been disclosed publicly
83
What is 'special competency'?
A special or unique capability developed incidental to the primary functions of Federally Funded Research and Development Centers
84
What is 'special test equipment'?
Integrated test units engineered for special purpose testing in performing a contract
85
What does 'special tooling' refer to?
Jigs, dies, fixtures, and other specialized items limited to the development or production of particular supplies
86
What are 'state and local taxes'?
Taxes levied by states, the District of Columbia, and their political subdivisions
87
What is a 'Statement of Objectives (SOO)'?
A Government-prepared document stating overall performance objectives in a solicitation
88
What is a 'substantial evidence'?
Information sufficient to support the reasonable belief that a particular act or omission has occurred
89
What does 'substantially as follows' mean?
Authorization to prepare and utilize a variation of a provision or clause to accommodate individual acquisition requirements
90
What is a 'supplemental agreement'?
A contract modification accomplished by the mutual action of the parties
91
Define 'supplies'.
All property except land, including public works, buildings, ships, and machine tools
92
What does 'supporting a diplomatic or consular mission' entail?
Performing outside the U.S. under a contract administered by Federal agency personnel
93
What is a 'surety'?
An individual or corporation legally liable for the debt or default of a principal
94
What is 'surplus property'?
Excess personal property not required by any Federal agency
95
Who is a 'suspending and debarring official'?
An agency head or designee authorized to impose suspension or debarment
96
What does 'suspension' mean?
Action taken to temporarily disqualify a contractor from Government contracting
97
Define 'sustainable acquisition'.
Acquiring products and services to maintain conditions for humans and nature in productive harmony
98
What are 'sustainable products and services'?
Products and services meeting statutory mandates for purchasing and efficiency certifications
99
What does ENERGY STAR® certified mean?
Energy- and water-efficient products that meet specific standards
100
What is the purpose of the Federal Energy Management Program (FEMP)?
To designate energy-efficient products
101
What are biobased products under the BioPreferred® program?
Products meeting content requirements set by the U.S. Department of Agriculture
102
What does EPA's Significant New Alternatives Policy (SNAP) focus on?
Acceptable chemicals and products that help transition away from ozone-depleting substances
103
What are WaterSense® labeled products?
Water-efficient products and services
104
What does Safer Choice certification signify?
Products that contain safer chemical ingredients
105
What are EPA Recommendations of Specifications, Standards, and Ecolabels?
Standards and labels in effect as of October 2023 for federal purchasing
106
What does the System for Award Management (SAM) do?
Centralized Government system for federal awardee information and contracting processes
107
Define 'task order' in the context of government contracts.
An order for services placed against an established contract
108
What is a Taxpayer Identification Number (TIN)?
Number required by IRS for income tax reporting
109
What is considered 'technical data'?
Recorded information of a scientific or technical nature
110
What is a 'terminated portion of the contract'?
Portion of a contract not to be performed after a partial termination
111
What does 'termination for convenience' mean?
Government's right to terminate contract performance in its interest
112
What is 'termination for default'?
Termination due to contractor's failure to perform obligations
113
Define 'termination inventory'.
Property acquired for a contract that is terminated
114
What is an 'unallowable cost'?
Cost that cannot be included in government contract pricing
115
What characterizes a 'unique and innovative concept' in unsolicited proposals?
Original thinking and new concepts not previously submitted
116
What is a 'unique entity identifier'?
Identifier for a specific commercial, nonprofit, or government entity
117
What does 'United States' refer to in a geographic sense?
50 States and the District of Columbia
118
Define 'unsolicited proposal'.
Proposal submitted without a government request for proposals
119
What is 'value engineering'?
Analysis directed at improving performance and costs of a project or product
120
What is a 'Value Engineering Change Proposal (VECP)'?
Proposal requiring contract change to reduce costs without impairing functions
121
What defines a 'veteran-owned small business concern'?
51% owned and controlled by veterans
122
What is meant by 'virgin material'?
Previously unused raw material or undeveloped resource
123
What are 'voluntary consensus standards'?
Common rules or guidelines developed by standard-making bodies
124
What is a 'warranty' in the context of contracts?
Promise regarding the nature or performance of supplies or services
125
What does 'waste reduction' entail?
Preventing or decreasing waste through various means
126
Define 'women-owned small business concern'.
51% owned and controlled by one or more women
127
What is the 'Women-Owned Small Business (WOSB) Program'?
Program limiting competition to eligible women-owned businesses
128
What defines an 'economically disadvantaged women-owned small business (EDWOSB) concern'?
51% owned by economically disadvantaged women who are U.S. citizens
129
What does 'writing or written' refer to?
See 'in writing'
130
What is the purpose of the contract clause at 52.202-1?
To include definitions in solicitations and contracts above a threshold
