FAR Part 7 Deck 1 Flashcards
(96 cards)
What is the scope of Part 7 in the Federal Acquisition Regulation?
It prescribes policies and procedures for developing acquisition plans, determining resource use for acquisitions, deciding on equipment leasing versus purchasing, and identifying inherently governmental functions.
Includes guidelines for acquisition planning and resource allocation.
Define ‘acquisition streamlining.’
Any effort that results in more efficient and effective use of resources to design, develop, or produce quality systems.
Ensures only necessary and cost-effective requirements are included in solicitations.
What does ‘life-cycle cost’ refer to?
The total cost to the Government of acquiring, operating, supporting, and disposing of the items being acquired.
Important for budgeting and financial planning in acquisitions.
What is the role of a ‘planner’ in acquisition planning?
The designated person or office responsible for developing and maintaining a written plan, or for planning functions in acquisitions not requiring a written plan.
Key to ensuring proper documentation and strategic planning.
What is the policy regarding acquisition planning according to 7.102?
Agencies shall perform acquisition planning and conduct market research for all acquisitions to promote the acquisition of commercial products or services and ensure full and open competition.
Includes selection of contract types and consideration of pre-existing contracts.
List the responsibilities of agency heads in acquisition planning.
- Promote full and open competition
- Encourage supply of commercial products
- Ensure documentation of contract type selection
- Establish criteria for planning detail based on complexity
- Designate planners for acquisitions
- Review and approve acquisition plans
- Ensure compliance with environmental standards
- Include ICT accessibility standards in requirements.
Critical for maintaining integrity and compliance in the acquisition process.
When should acquisition planning begin according to 7.104?
As soon as the agency need is identified, preferably well in advance of the fiscal year in which contract award or order placement is necessary.
Early planning helps facilitate competition and manage costs.
True or False: Acquisition plans must always be written for firm-fixed-price contracts.
False. Written plans are generally required for cost reimbursement and other high-risk contracts, but may not be necessary for firm-fixed-price contracts.
Flexibility based on contract type and risk.
What are the required contents of written acquisition plans?
- Statement of need
- Applicable conditions
- Cost goals and rationale
- Discussion of life-cycle costs
- Strategies for performance-based acquisition methods.
Ensures comprehensive planning for effective acquisition.
Fill in the blank: The planner must coordinate with the _______ in all acquisition planning.
[contracting officer].
Essential for ensuring compliance and alignment with contracting requirements.
What is the focus of 7.107 regarding acquisitions?
It outlines additional requirements for acquisitions involving consolidation, bundling, or substantial bundling.
Aimed at ensuring fair competition and small business participation.
What does the term ‘substantial bundling’ refer to in acquisition planning?
The combining of multiple requirements into one contract, which may restrict competition and small business participation.
Requires careful consideration to avoid negative impacts on market competition.
What are the responsibilities of contracting officers in the acquisition process?
- Review acquisition history
- Ensure compliance with FAR requirements
- Consult the Disaster Response Registry for relevant acquisitions.
Key for effective oversight and management of contracts.
What are the significant conditions affecting acquisition?
Requirements for compatibility with existing or future systems or programs; known cost, schedule, and capability or performance constraints.
What should be included in the cost section of the acquisition plan?
Established cost goals and rationale, life-cycle cost considerations, design-to-cost objectives, and application of should-cost analysis.
What is life-cycle cost?
The total cost of ownership over the life of the asset, including acquisition, operation, maintenance, and disposal costs.
What does design-to-cost involve?
Setting cost objectives and assumptions, including quantity, learning-curve, and economic adjustment factors.
What is should-cost analysis?
A management tool used to establish cost expectations for a project or program.
What capabilities or performance characteristics must be specified in the acquisition plan?
Required capabilities or performance standards of the supplies or services being acquired.
What should be described regarding delivery or performance-period requirements?
The basis for establishing these requirements and reasons for any urgency.
What are trade-offs in the context of acquisition?
The expected consequences of balancing cost, capability or performance, and schedule goals.
What risks should be discussed in the acquisition plan?
Technical, cost, and schedule risks, along with efforts to reduce those risks.
What is acquisition streamlining?
Plans and procedures to encourage industry participation and tailor contract requirements.
What sources should be indicated in the acquisition plan?
Prospective sources of supplies or services that can meet the need.