Far Part 4 Deck 2 Flashcards
(110 cards)
What does Subpart 4.9 cover?
Policies and procedures for obtaining Taxpayer Identification Number (TIN) information for debt collection and IRS reporting purposes
This includes contract information and payment information.
Define ‘common parent’ as used in Subpart 4.901.
The corporate entity that owns or controls an affiliated group of corporations filing Federal income tax returns on a consolidated basis of which the offeror is a member.
What is required by 31 U.S.C. 7701(c) regarding contractors?
Each contractor doing business with a Government agency must furnish its TIN to that agency.
What does the TIN allow the Government to do?
Collect and report on any delinquent amounts arising from the contractor’s relationship with the Government.
What information must Federal executive agencies report to the IRS?
- Name, address, and TIN of the contractor
- Name and TIN of the common parent (if any)
- Date of the contract action
- Amount obligated on the contract action
- Estimated contract completion date
What is the purpose of Form 1099 in relation to contractors?
To report payments made to certain contractors.
What are the procurement instruments to which Subpart 4.10 applies?
- Solicitations
- Contracts (including GWACs, MACs, FSS contracts, etc.)
- Agreements with pre-priced supplies or services
- Task and delivery orders
What is the purpose of establishing line items in procurement?
To define deliverables or organize information about deliverables.
What characteristics must a supply have to be considered ‘separately identifiable’?
- Own identification (e.g., NSN, item description)
- Services with no more than one statement of work
What is the role of subline items?
To facilitate tracking of performance, deliverables, payment, and contract funds accounting.
What data elements are required for each line item or subline item?
- Line item or subline item number
- Description of what is being purchased
- Product or Service Code (PSC)
- Accounting classification citation
- Pricing details (unit of measure, quantity, total price, etc.)
True or False: Each deliverable line item must have its own distinct delivery schedule.
True
What should be done when a new item is added to a procurement instrument?
Assign a new line item number.
What is the purpose of the System for Award Management (SAM)?
To increase visibility of vendor sources and establish a common source of vendor data for the Government.
Who is required to be registered in SAM at the time of submitting an offer or quotation?
Offerors and quoters, except under specific conditions such as micro-purchases or classified contracts.
What are the exceptions to the SAM registration requirement?
- Purchases under the micro-purchase threshold
- Classified contracts
- Contracts awarded by deployed contracting officers
- Contracts for performance outside the U.S.
- Contracts awarded without full and open competition due to urgency
What is the Robert T. Stafford Disaster Relief and Emergency Assistance Act?
A federal law that provides a framework for disaster relief and emergency assistance
The act is codified at 42 U.S.C. 5121.
What is the threshold for contract actions awarded to foreign vendors that do not require SAM registration?
$30,000
This applies if it is impractical to obtain SAM registration.
What are micro-purchases in the context of contracting?
Purchases that do not use the electronic funds transfer (EFT) method for payment and are not required to be reported
Refer to subpart 4.6 for more details.
What must contracting officers do if a contractor changes its business name?
Provide written notification of the intention to change the name in SAM and comply with novation requirements
The contractor must also provide documentation supporting the name change.
True or False: Contractors can change their name or address for EFT payments without any restrictions.
False
Changes require compliance with specific procedures and must be reflected correctly in SAM.
What is the unique entity identifier used for?
To identify contractors in contract documents and data exchanges
This identifier must be retrieved from the contractor’s SAM registration.
What is the Disaster Response Registry?
A registry consulted for contracting related to disaster or emergency relief activities
Accessible via https://www.sam.gov.
What is required for offerors and quoters regarding representations and certifications?
They must complete electronic annual representations and certifications in SAM
This is part of the registration process.