Con 3900 stuvia - Study guides, Class notes & Summaries

Express Actual Authority: - ANSWERSAuthority explicitly given to the agent through the principal's written or oral instructions Implied Actual Authority: - ANSWERSauthority to do what is usual, customary and necessary to accomplish the action. No express agreement Apparent Authority: - ANSWERSsomeone reasonably believes an individual has the authority to act on the behalf of the government Delegation of authority: - ANSWERShe FAR and states that each authority is delegable unless speci...

Market research is conducted during which phase of acquisition? - ANSWERSAll phases of the acquisition What is the use of a procedure that is inconsistent with the FAR? - ANSWERSDeviation Simplified Acquisition Procedures (SAP) should - ANSWERSPromote competition to the maximum extent practicable What is the tool (form) used by DoD to apply a structured profit/fee? - ANSWERSDD Form 1547, Weighted Guidelines Method What type(s) of contracts can be awarded when acquiring commercial ite...

What type of contract shall not be used in Government contracting? - ANSWERSCost-plus-a-percentage-of-cost Contract What types of contracts can be awarded when acquiring commercial items of supply? - ANSWERSFirm-fixed-price contracts or fixed-price contracts with economic price adjustment Which form is used by DoD to apply a structured profit/fee? - ANSWERSDD Form 1547, Weighted Guidelines Method What is a Procurement Instrument Identifier (PIID)? - ANSWERSA unique number identifying ea...

What is the definition of Price? - ANSWERScost plus any fee or profit What is the Government's Pricing Policy? - ANSWERScomes from reasonable sources, and is done independently and separately; must be fair and reasonable Source Selection in regards to price - ANSWERSprice or cost should be evaluated in SS procedures, even in event of trade off (is the Government willing to pay more for whatever the trade off is?) What does the Technical Team evaluate during SS procedures? - ANSWERSeval...