Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
Federal Contract
There are two basic methods for providing goods and services to the federal government. One is through existing and required sources of supply where the other is an open market acquisition using simplified acquisition techniques or formal contracting methods (14 FAH-2 H-200 Acquisition Basics, 2011). The simplified acquisition method falls into the threshold of $3,000 to $150,000 category and is done with procedures such as, imprest fund, purchase card, purchase orders, or blanket-purchase agreements. They follow the procedural guidelines of the Federal Acquisition Regulation Part 13 (FAR13).
When a contract, like $500,000, exceeds the threshold, the sealed bidding or negotiation methods must be used. The Sealed Bidding Process (IFB) is characterized by competitive bids that are sealed by the respective vendors, only opened by government officials in a public ceremony, and awarded to the lowest-price acceptable bidder. Sealed bids are considered when time permits the solicitation, submission and evaluation is appropriate, awards can made on the basis of price and other related...
The sealed bidding process prohibits discussions after the bid opening ceremony.
The Negotiation Procurement Process (RFP) refers to any acquisition that is not sealed and does not meet the prerequisites of the Sealed Bidding Process. Negotiation requires the technical proposals and the price proposals to be packaged separately. The contracting officer may hold negotiations to discuss any deficiencies in the proposals and request revisions. The award is offered to the bid that gives the government the highest advantage or value. The major feature of negotiation is on technical aspects, not just the price. The negotiation method has the advantage of being able to discuss any deficiencies and answer questions that arise from bids not being very clear as to what they are really wanting in the process.
The Uniform Contract Format comes in four parts (Subpart 15.2-Solicitation and Receipt of Porposals and Information). Part I, the Standard Form (SF) 33 states the detailed information of the bid. Part II is the contract…
Bibliography
14 FAH-2 H-200 Acquisition Basics. (2011, June 06). Retrieved from U.S. Department of State Foreign Affairs: http://www.state.gov/documents/organizations/89066.pdf
Contract Administration Issues. (2011, May 16). Retrieved from Victorian Government Health Information: http://www.capital.dhs.vic.gov.au/capdev/ProjectDelivery/Construction/ContractAdministration/ContractAdministrationIssues/
Subpart 15.2-Solicitation and Receipt of Porposals and Information. (n.d.). Retrieved from U.S. Government: http://www.acquisition.gov/for/current/html/Subpart%2015_2.html
Federal Procurement Process Highly publicized incidents such as the federal government purchasing at $500 hammer or $2,500 toilet seat continue to capture headlines as examples of a federal procurement process gone awry, but these notorious examples have become few and far between in recent years, due in large part to significant reforms such as the Federal Acquisition Streamlining Act of 1994 that minimized some of these problems. Despite these substantive
Therefore, these agreements can determine an increased level of quality of the contractors' efforts. The advantages of the basic ordering agreements also rely on the fact that they allow to agree on prices and quantities of products and services that are not established when the agreement is made. But in such situations it is expected that the government is likely to purchase these products and services and the contractors agree
Federal Budget Process Every year the federal administration is involved with a total revenue and expenditure of about 1.5 trillion USD as a matter of fiscal practice. (Keith, 1996) The budgetary strategy of the federal administration is an integration of the guidelines that the policy makers, legislator, bureaucrats apply for designing, continuing, regulating and accounting fro the expenditure and revenue strategy. Normally the budgetary strategy involves formulation of the budget of
IT Acquisition. Version 2.0 I have added info to the last three questions, and changed quite a bit Question #4. The area in yellow are new or changed. I did make a few corrections elsewhere too so if this works you might want to look over each completely. What can an organization do to guard against funding proposed projects that intentionally or unintentionally underestimate the costs, do not fully communicate the risks,
(Vancketta, 1999) The 'Changes' clause enables the Government "to make unilateral changes to the contract during performance, so long as those changes fall within the contract's scope." The Standard 'Changes' clause utilized in fixes price supply contracts allows the CO to make changes in writing to: 1) the drawings, designs, or specifications when the item is being specifically manufactured for the government; 2) the method of shipment or packing; or 3) the place
awarding audit contracts by U.S. government departments and agencies Audit Management Red Rationale for and Objectives of the project main and secondary Desktop or literature search Rationale for Search Methodology LITERATURE/DESKTOP RESEARCH Authoritative sources Desktop Findings Justification for audits Evolving role of auditors Types of audit contracts Understanding the Audit Process Best practices and benchmarking Terminology Case Studies Audit management is a fundamental element in government accountability, control and performance management. Certainly there is justification within the Federal government to conduct audits of contracts for the