DEFM200 WEEK 7 DQ & DRQ

3/19/23, 7:53 AM W7: FAR - DEFM200 I001 Winter 2023

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W7: FAR

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This week we will be discussing the FAR. Review the interactive regarding Part 16 of the FAR.

Once at the website, you can choose Flashcards to review the information as a flashcard set or you can select Learn to try taking it as a sample quiz.

After completing one or both interactive learning, discuss with the class what you learned about Part 16 of the FAR.

Full version of FAR 16 Link.

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W7: FAR Anh Dac Nguyen posted Mar 17, 2023 11:50 AM Subscribe

Hi Class,

3/19/23, 7:53 AM W7: FAR - DEFM200 I001 Winter 2023

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After review FAR 16, I knew more new information about the contract such as its

definition as well as its different characteristics. For example, I did not know what the

difference between definite and indefinite quantity contract. After I reviewed FAR 16 and I

could explain that the main difference between definite and indefinite quantity contracts is

the level of specificity in the quantity of goods or services that are being purchased. A

definite quantity contract specifies a fixed, predetermined quantity of goods or services

that the buyer will purchase from the seller. The quantity is often based on a specific

project or order, and the seller is obligated to provide that exact quantity at the agreed-

upon price. An indefinite quantity contract, on the other hand, does not specify a fixed

quantity of goods or services that the buyer will purchase. Instead, it establishes an

agreement between the parties to purchase goods or services as needed over a specific

period of time, up to a maximum amount or quantity. The actual quantity of goods or

services purchased under an indefinite quantity contract will depend on the buyer's needs

and requirements during the contract period. In essence, a definite quantity contract is

used when the buyer knows exactly how much they need, while an indefinite quantity

contract is used when the buyer needs flexibility to purchase varying amounts of goods or

services over a specific period of time. Both types of contracts have their own advantages

and disadvantages, and the decision to use one over the other will depend on the specific

needs and circumstances of the parties involved.

-Anh Nguyen

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Week Seven Raychelann Petgrave-Winstead posted Mar 15, 2023 9:35 PM Subscribe

Hello Everyone,

I believe it is safe to say that, based on the information provided in the Flashcards as

well as the sample quiz that contained information pertaining to Part 16 of the FAR, there

are different policies and guidelines that contracting officers use in their decision-making

process when it comes to deciding which contracts to award. Contracting officers are able

to choose from various types of contracts depending on their specific needs, and these

contracts are grouped into two types: fixed price and cost reimbursement. As a result of

the final performance of the contract, the responsibility and the cost of the project are

shifted, which is how they differ from each other. In spite of the fact that it might appear

simple, choosing and negotiating a government contract can be quite challenging. There

are a number of factors that contracting officers take into account prior to awarding a

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contract, including price competition, cost analysis, the type and complexity of the

requirement, the combination of contract types, the urgency of the requirement, the

duration of the production, concurrent contracts and acquisition history. In my experience,

individuals submitting requests for supply and service are more likely to succeed if they

understand the different contract requirements. I have acquired a thorough understanding

of the requirements and restrictions that must be adhered to by supply chiefs.

Whenever we are initiating a contract, there are a number of details that we must provide.

As a result, I see individuals who are unable to comply with the Federal Acquisition

Regulations as well as the contracting procedure who submit specifications and

justifications for supply and services that violate the FAR. As a result, the awarding process

is slowed down, causing a conflict with the original mission of the project.

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W7 FAR Josh Hon posted Mar 1, 2023 6:42 PM Subscribe

The Federal Acquisition Regulation (FAR) is a set of regulations that govern all aspects of the federal government's procurement process. Part 16 of the FAR covers the acquisition process, contracting types, and the contracting officer's role.

The acquisition process is the process by which the government obtains goods and services. It begins with the identification of a need, followed by the development of specifications for the goods or services to be acquired. Once the specifications are developed, the government issues a request for proposal (RFP) to potential contractors. The RFP specifies the government's requirements and invites contractors to submit proposals outlining their ability to meet those requirements.

The government evaluates the proposals and selects the contractor that it believes is best able to meet the needs specified in the RFP. The government then enters into a contract with the selected contractor. The contract specifies the terms and conditions under which the contractor will provide the goods or services.

Progress payments are payments made to the contractor for work that has been completed. Advance payments are payments made to the contractor for work that has not yet been completed. Financing arrangements are arrangements between the government and the contractor that allow the contractor to borrow money from the government to finance the work.

The types of financing arrangements that are available are progress payments, advance payments, and loans. The conditions that must be met for each are as follows:

Progress payments: The contractor must have a valid contract with the government. The work must be of a type that can be reasonably expected to be completed within a finite period of time. The contractor must be able to demonstrate that it has the financial ability to complete the work.

Advance payments: The contractor must have a valid contract with the government. The work must be of a type that can be reasonably expected to be completed within a finite period of time. The contractor must be able to demonstrate that it has the financial ability to complete the work. The contractor must also provide the government with a security deposit equal to the amount of the advance payment.

Loans: The contractor must have a valid contract with the government. The work must be of a type that can be reasonably expected to be completed within a finite period of time. The contractor must be

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able to demonstrate that it has the financial ability to complete the work. The contractor must also provide the government with a security deposit equal to the amount of the loan.

The FAR is an important resource for contractors and contracting officers alike. It provides guidance on all aspects of the federal government's procurement process, from the identification of a need to the administration of the contract.

The purpose of this section is to provide guidance on the use of progress payments, advance payments, and financing arrangements. It also discusses the types of financing arrangements that are available and the conditions that must be met for each.

References

Ollison, S. M. (2021). Other Transaction Authority Effects on Competition for Businesses Utilizing Federal Acquisition Regulation Methods of Contracting (Doctoral dissertation, California Southern University).

Li, Y. (2018). Including a Definition of Operation of Law in the Federal Acquisition Regulation: A Roadmap f

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