FAR PART I B Flashcards
(78 cards)
What is the purpose of the Federal Acquisition Regulations System?
To codify and publish uniform policies and procedures for acquisition by all executive agencies.
What does the Federal Acquisition Regulations System consist of?
The Federal Acquisition Regulation (FAR) and agency acquisition regulations that implement or supplement the FAR.
What is the vision for the Federal Acquisition System?
To deliver the best value product or service to the customer while maintaining public trust and fulfilling public policy objectives.
What are the key principles the Federal Acquisition System aims to satisfy?
- Cost
- Quality
- Timeliness
What should participants in the acquisition process work towards?
Working together as a team and being empowered to make decisions within their areas of responsibility.
Name three methods to satisfy customer needs in the acquisition process.
- Maximizing use of commercial products and services
- Using contractors with successful past performance
- Promoting competition
True or False: The Federal Acquisition System should minimize administrative operating costs.
True
What is emphasized in the conduct of business within the Federal Acquisition System?
Integrity, fairness, and openness.
Who are the principal customers for products or services provided by the Federal Acquisition System?
Users and line managers acting on behalf of the American taxpayer.
Fill in the blank: The System must be responsive and adaptive to _______.
customer needs
What should the Government do to maximize efficiency in the acquisition process?
Promulgate rules, regulations, and policies only when their benefits exceed the costs.
What is essential in maintaining the public’s trust within the Federal Acquisition System?
Integrity of the System and its members.
What should the Federal Acquisition System focus on instead of risk avoidance?
Risk management.
What is the role of the Acquisition Team?
To ensure teamwork and open communication among all participants in the acquisition process.
What is the authority of Government members of the Acquisition Team?
To make acquisition decisions within their areas of responsibility, including selection, negotiation, and administration of contracts.
What does the FAR outline?
Procurement policies and procedures used by members of the Acquisition Team.
How is the FAR System developed?
In accordance with the requirements of 41 U.S.C. chapter 13, Acquisition Councils.
Where is the FAR published?
- Daily issue of the Federal Register
- Cumulated form in the Code of Federal Regulations (CFR)
- A separate edition available online
What does the FAR consist of in terms of structure?
Divided into subchapters, parts, subparts, sections, and subsections.
What does the numbering system of the FAR allow?
Discrete identification of every FAR paragraph.
What is required by the Paperwork Reduction Act before Federal agencies collect information from the public?
Approval from the Office of Management and Budget (OMB).
True or False: Each member of the Acquisition Team is responsible for the wise use of public resources.
True
What does OMB stand for?
Office of Management and Budget
What is the OMB Control Number for FAR segment 14.205?
9000-0037