Contracting Exam 1 Latest Update Already Passed

Contracting Exam 1 Latest Update Already Passed 3 phases of contracting contract planning, contract formation, contract administration source of the government's contracting powers The Constitution The constitution is the heart of the American legal system 3 branches of government legislative, executive, judicial 3 types of contracting officers PCO, ACO, TCO KO primarily engaged in awarding contracts Procuring Contracting Officer (PCO) Primarily engaged in administering contracts (Post Award) Administrative Contracting Officer (ACO) Primarily engaged in Terminating Contracts Termination Contracting Officer (TCO) Advantages of team building Able to do more together than alone Able to share resources Able to brainstorm ideas Innovation and creativity is enhanced Able to create extraordinary results Individuals bring their own expertise Disadvantages of team building Takes more time Takes effort Takes patience Getting everyone together and listen to all ideas The "Governmentwide point of entry (GPE)" for posting of Government business opportunities greater than $25,000 to advertise upcoming business opportunities FedBizOps the primary vendor database for the U.S. Government System for Award Management (SAM) Provides access to Government personnel about contractors and their performance May be used as a source selection tool when selecting a competitive contractor Motivates contractors to improve their performance May be used to determine Award Fee Contractor's Performance Assessment Review System (CPARS) created to bring the advantages of automation and standardization to the procurement process throughout DoD Primary software application sustained is Procurement Desktop Defense or PD Squared (PD2) Standard Procurement System (SPS) Paperless Contracting DoD-wide application designed to eliminate paper from the receipts and acceptance process of the DoD contracting lifecycle. (how we pay our vendors) Wide Area Work