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CON 1100v 2024-2025 Micro-purchase - ANSWER:means an acquisition of supplies or services using simplified acquisition procedures, the aggregate amount of which does not exceed the micro-purchase threshold. What is a Blanket Purchasing Agreement? - ANSWER:a simplified method of filling anticipated repetitive needs for supplies or services by establishing "charge accounts" with qualified sources of supply. How does a Blanket Purchasing Agreement work? - ANSWER:It works by establishing "charge accounts" with qualified sources of supply to fill anticipated repetitive needs for supplies or services. Simplified Acquisition Procedures - ANSWER:a streamlined method of acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase threshold but not exceeding the simplified acquisition threshold. COTS - ANSWER:Commercially available off-the-shelf NDI - ANSWER:Nondevelopmental item
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Micro-purchase - ANSWER:means an acquisition of supplies or services using simplified acquisition procedures, the aggregate amount of which does not exceed the micro-purchase threshold. What is a Blanket Purchasing Agreement? - ANSWER:a simplified method of filling anticipated repetitive needs for supplies or services by establishing "charge accounts" with qualified sources of supply. How does a Blanket Purchasing Agreement work? - ANSWER:It works by establishing "charge accounts" with qualified sources of supply to fill anticipated repetitive needs for supplies or services. Simplified Acquisition Procedures - ANSWER:a streamlined method of acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase threshold but not exceeding the simplified acquisition threshold. COTS - ANSWER:Commercially available off-the-shelf NDI - ANSWER:Nondevelopmental item NDI - ANSWER:Any previously developed item of supply used exclusively for Gov't purposes by a Federal agency, a state of local Gov't, or foreign Gov't with which the US has a mutual defense cooperation agreement Simplified Acquisition Procedures - ANSWER:Streamlined method of acquiring goods and services that have an anticipated dollar value exceeding the micro-purchase threshold (MPT) but not exceeding the simplified acquisition threshold (SAT) set aside - ANSWER:reserving an acquisition for exclusive participation by small business concerns concern - ANSWER:any business entity organization for profit with a place of business in US and that makes significant contribution to US economy through payment of taxes, use of American products, material and/or labor rule of two - ANSWER:reasonable expectation of obtaining offers from two of more responsible small business concerns
small business concern - ANSWER:Concern that is independently owned and operated, not dominant in the field of operation 8a Program - ANSWER:Was created to provide business development and procurement assistance to small disadvantaged businesses. formal source selection - ANSWER:used for high-dollar value or complex acquisitions where someone other than the procuring contracting officer is the source selection authority (SSA) Process begins with establishment of an evaluation plan for proposed acquisition and ends with SSA selects a contractor to receive a contract award and debriefs the offerors informal source selection - ANSWER:procures are less complex, PCO can determine which offer constitutes best value for the Government without formal input from other Gov't officials specifically designated for the purpose sole source acquisition - ANSWER:contract is awarded in a sole source environment, allowing for the tailoring of the request for proposals (RFP) to remove unnecessary information and requirements Indefinite Delivery Vehicles (IDV) - ANSWER:commonly referred to under umbrella term Indefinite Delivery Indefinite Quantity (IDIQ) Definite-Quantity Contracts - ANSWER:Delivery for a definite quantity of supplies/services for a fixed- period, with deliveries scheduled at designated locations upon order Requirements Contracts - ANSWER:Filling all purchase requirements of designated government activities for supplies/services during a specified contract period, with deliveries to be schedule by placing orders with contractor Government-Wide Acquisition Contracts (GWAC) - ANSWER:multi-agency task/delivery order contract, typically for information technology, established by one agency for government-wide use under the authority of the Economy Act Delivery Order Contract - ANSWER:contract for supplies that doesn't procure/specify firm quantity and provides issuance of orders for delivery of supplies during period of contract.