Which mandatory government source has the highest priority for services?
Services that are on the Procurement List maintained by the Committee for Purchase From People Who Are Blind or Severely Disabled.
Which mandatory government source has the highest priority for supplies?
Supplies from agency inventories, followed by excess supplies from other agencies.
What is the ordering priority when identical supplies are available from both Federal Prison Industries, Inc. (FPI) and AbilityOne?
AbilityOne participating nonprofit agencies have priority.
What is the ordering priority when identical services are available from both Federal Prison Industries, Inc. (FPI) and AbilityOne?
AbilityOne participating nonprofit agencies have priority.
To the extent practicable, how should acquisition officials define requirements to encourage the supply of commercial items or services?
They should define requirements in terms that enable and encourage offerors to supply commercial items.
What are three examples of customary commercial terms a Contracting Officer (CO) must consider?
Customary commercial terms include the speed of delivery, quantities ordered, and the length of the performance period.
What are the authorized contract types for the acquisition of commercial items?
Firm-Fixed-Price or Fixed-Price with Economic Price Adjustment contracts.
What is the government’s standard approach to quality assurance for commercial item contracts?
Contracts for commercial items shall rely on the contractor’s existing quality assurance systems.
What is the definition of the implied warranty of merchantability?
This warranty means that the items are reasonably fit for the ordinary purposes for which such items are sold or used.
To meet the implied warranty of merchantability, what is the minimum quality grade required for commercial items acquired by the government?
The items must be of at least average, fair, or medium-grade quality.
What is an example of an acquisition where the procedures of FAR Part 12 may NOT be used?
A purchase made directly from another Federal agency.
What is the required method for a Contracting Officer to tailor the clause at FAR 52.212-4, Contract Terms and Conditions—Commercial Products and Commercial Services?
Contracting officers shall tailor this clause by using an addendum to the solicitation and contract.
Which of the following is NOT a method used for simplified acquisition?
Advance agreement.
What is the government’s preferred method to purchase and pay for micro-purchases?
The Government-wide commercial purchase card.
What is the small business set-aside requirement for acquisitions with a dollar value between the micro-purchase and simplified acquisition thresholds?
These acquisitions are reserved exclusively for small business concerns and shall be set aside.
At what point does a supplier’s quotation become a binding contract?
When the government issues an order to buy certain supplies or services upon specified terms and conditions in response to the supplier’s quotation.
What is an Unpriced Purchase Order?
It is an order for supplies or services for which the price is not established at the time of issuance of the order.
What is the maximum cash purchase amount that can be made using Imprest Funds?
$500.
What is the name for the special contracting method used for known requirements that may extend up to five years?
Multi-Year Contracting.
What is the detailed definition of a multi-year contract?
A contract for the purchase of supplies or services for more than one, but not more than five, program years. Under this type of contract, the CO does not have to establish and exercise an option for each program year after the first, and performance in subsequent years may be contingent upon the appropriation of funds.
What is the limit on the total of basic and option periods for service contracts and the total of basic and option quantities for supply contracts?
The total period shall not exceed 5 years for services, and the total quantity shall not exceed the requirement for 5 years for supplies.
What is a common misconception about the requirements for exercising an option?
It is a misconception that the contractor’s consent is required. The CO must determine that funds are available, the requirement still exists, and the option is the most advantageous method, among other factors.
What is the relationship between the Economy Act and other more specific statutory authorities for interagency acquisitions?
The Economy Act applies when more specific statutory authority does not exist.
Which of the following is NOT included in an Interagency Acquisition?
A small business subcontracting plan.
