Institutional Framework of Federal Acquisitions

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Government agencies rely heavy on contracting officers to obtain goods and services at a fair price and in a timely manner with the billions of dollars tax dollars entrusted to them annually. To that end, it is necessary that purchasing agencies along with the Government Accountability Office (GAO) use the Federal Acquisition Regulation (FAR) to create accountability in organizations and continue to improve weaknesses in key areas of federal acquisition.

 

Write a two to three (2-3) page paper in which you:

 

1.Discuss the importance of fixed price contracts in creating effective, efficient, and accountable acquisition planning. Support your discussion with FAR regulations.

2.Discuss the importance of cost reimbursement contracts in creating effective, efficient, and accountable acquisition planning. Support your discussion with FAR regulations.

3.Discuss the importance of time and materials contracts in creating effective, efficient, and accountable acquisition planning. Support your discussion with FAR regulations.

4.Discuss the importance of cost-plus contracts in creating effective, efficient, and accountable acquisition planning. Support your discussion with FAR regulations.

    • 8 years ago
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