FAC-C Professional flashcards
FAC-C Professional · Build recall with a focused review session.
32 cards. Read the term and the definition here. The deck at the top of this page is optional.
- Bona fide needs rule
- An appropriation may obligate funds only for a legitimate need arising in the period of availability; it prevents using current funds for future-year requirements.
- Rule of two
- An acquisition must be set aside for small business when at least two responsible small businesses are expected to submit offers at fair market prices.
- Procurement integrity
- Statutory and regulatory restrictions on disclosing source selection information and seeking employment with competitors; violations can disqualify offers and impose civil or criminal penalties.
- Fixed-price contract
- A contract type in which the contractor bears cost risk and receives a set price; suitable when requirements are clearly defined and performance uncertainty is low.
- Cost-reimbursement contract
- A contract type that pays allowable incurred costs plus a fee; used when uncertainties preclude firm pricing and government cost monitoring is feasible.
- Acquisition plan
- A written document integrating requirements, market research, competition, contract type, funding, risks, and schedule before a solicitation is issued.
- Other than full and open
- A competition exception requiring a justification and approval under FAR Part 6 before a sole-source award can be made.
- Severable services
- Services that can be separated into periods for funding purposes; appropriations must cover the period of performance and not exceed their period of availability.
- Sources sought notice
- A market research notice asking industry whether capable sources exist and whether small businesses can perform; it is not a solicitation or offer.
- Request for information
- A nonbinding market research tool used to gather industry capabilities, costs, and approaches before the government defines its requirement.
- Statement of work
- A requirement document describing tasks, deliverables, and standards in detail; used when the buyer specifies how the work is to be performed.
- Performance work statement
- A requirement document stating outcomes, performance standards, and quality measures rather than detailed methods for accomplishing the work.
- Statement of objectives
- A high-level requirement document that allows offerors to propose performance statements and technical approaches for meeting government objectives.
- Brand name or equal
- A specification that permits equivalent products if they meet stated salient characteristics; equal offers must be evaluated on the same basis.
- Uniform Contract Format
- A standard solicitation and contract format with Parts I through X, including sections A through M, used in negotiated acquisitions.
- Solicitation amendment
- A change to solicitation terms issued before closing; material changes may require extending the response deadline and notifying all participants.
- Competitive range
- A group of offerors with a reasonable chance of award; the government may conduct exchanges with those in the range to improve proposals.
- Clarifications
- Limited exchanges with offerors to resolve minor or clerical issues; they do not permit revision of proposals or cure material deficiencies.
- Discussions
- Exchanges after receipt of proposals that allow offerors to revise proposals; discussions must be held when award cannot be made without them.
- Award without discussions
- An award made without exchanges only when the solicitation states that intention and proposals are acceptable without discussions.
- Best value tradeoff
- An evaluation approach allowing nonprice factors to outweigh price; the tradeoff must be documented and consistent with solicitation criteria.
- Lowest price technically acceptable
- An evaluation approach where award goes to the lowest-priced offer that is technically acceptable; no tradeoff between price and nonprice factors is allowed.
- Price reasonableness
- A determination that price is fair and reasonable using competition, market comparison, cost analysis, or another approved technique.
- Debriefing
- A post-award explanation to unsuccessful offerors of the evaluation basis, including strengths and weaknesses; required when requested in competitive negotiated acquisitions.
- Contracting officer's representative
- An authorized individual who monitors contractor performance and recommends acceptance but cannot change prices, terms, or scope.
- Quality assurance surveillance plan
- A document describing the methods, frequency, and sampling for monitoring contractor performance against contract standards and quality requirements.
- Bilateral modification
- A contract change signed by both parties; used when consideration or mutual agreement is required to modify terms or scope.
- Unilateral modification
- A contracting officer-issued change within the changes clause; the contractor must perform and may later seek an equitable adjustment.
- Cardinal change
- A change outside the general scope of the contract; it requires a new procurement rather than a modification of the existing contract.
- Inspection and acceptance
- Government review confirming deliverables conform to contract requirements; acceptance obligates payment and may start warranty or liability terms.
- Prompt Payment Act
- A law requiring timely payment of proper invoices and interest on late payments; specific payment terms are stated in the contract.
- Past performance evaluation
- An assessment of contractor performance recorded in the Contractor Performance Assessment Reporting System; the contractor may submit comments and rebuttal.