NCMA CFCM study materials
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NCMA CFCM cheat sheet

NCMA CFCM · Keep the key ideas within reach.

Quick reference

Federal Contracting Environment - FAR Fundamentals

  • FAR structure: Parts 1–53 are the regulation text; Subchapter A (Parts 1–3) covers general provisions, definitions, and improper business practices, while Parts 4–53 address acquisition planning through forms.

  • FAR is issued jointly under the authority of the Secretary of Defense, the Administrator of GSA, and the Administrator of NASA (FAR 1.103); agency supplements (DFARS, GSAM, NFS) implement but cannot conflict with the FAR.

  • Order of precedence for resolving conflicts: statute, then FAR, then agency supplements, then internal agency guidance - a contract clause inconsistent with statute is unenforceable to that extent.

  • The Competition in Contracting Act (CICA) requires full and open competition unless a specific exception in FAR 6.302 applies (only one responsible source, unusual and compelling urgency, industrial mobilization, international agreement, authorized by statute, national security, public interest).

  • Micro-purchase threshold: $10,000 generally, but $50,000 for acquisitions to support contingency operations or to facilitate defense against cyber/terrorist attack; micropurchases may be made without competitive quotes (FAR 2.101, 13.201).

  • Simplified Acquisition Threshold (SAT) is $250,000 and SAT-level awards may use simplified procedures; the Certified Cost or Pricing Data threshold (TINA) is $2,000,000, requiring certified data absent an exception (FAR 15.403-4).

  • Sealed bidding (FAR Part 14) requires a firm-fixed-price contract, award without discussion, and responsiveness to the IFB; negotiated procurement (Part 15) permits tradeoffs and discussions and is used when sealed bidding is not appropriate.

  • The FAR System includes the FAR, agency acquisition regulations, and the Defense Acquisition Regulations System; deviations require agency-head approval and must be documented (FAR 1.4).

Quick reference

Federal Contracting Environment - Roles, Ethics, and Oversight

  • Contracting officer authority is delegated by a warrant; only a CO can bind the Government, and a COR's authority is limited to the scope stated in the appointment letter (FAR 1.602-1, 1.602-3).

  • Ratification of an unauthorized commitment requires the ratifying official to have authority, a legal review, and a determination that the Government received value; funds must have been available at the time of the commitment (FAR 1.602-3).

  • Procurement Integrity (FAR 3.104) bars disclosing contractor bid or proposal information or source selection information before award and imposes a post-employment ban on certain former officials for one year on specific programs.

  • Organizational conflict of interest arises when a contractor's other activities or relationships impair objectivity; FAR Subpart 9.5 requires identification, evaluation, and avoidance, neutralization, or mitigation.

  • Improper business practices under FAR Subpart 3.3 include kickbacks (Anti-Kickback Act, 41 U.S.C. 8701–8708), contingent fees, and gratuities; violations can result in suspension, debarment, or criminal referral.

  • Suspension and debarment (FAR Subpart 9.4) exclude contractors for up to 3 years for suspension and 3 years for debarment, with causes including fraud, antitrust violations, and willful noncompliance.

  • The Competition Advocate, the Procurement Ombudsman (for agency-level protests), and the GAO bid protest forum (31 U.S.C. 3551–3556) provide external oversight of award decisions; GAO protests must be filed within 10 days of award or debriefing.

  • The Prompt Payment Act requires payment within 30 days of a proper invoice (or discount terms), with interest penalties for late payment (FAR 32.9).

Quick reference

Federal Contracting Environment - Acquisition Planning and Contract Types

  • Acquisition planning (FAR Part 7) requires a written plan for acquisitions above the SAT, addressing competition, contract type, source selection, and milestone schedule; the plan must be approved consistent with agency procedures.

  • Market research (FAR Part 10) must precede solicitation development and is used to determine availability of commercial items, small business capability, and appropriate contract type and terms.

  • Contract type selection follows FAR 16.103: firm-fixed-price when requirements are well defined and risk is low; cost-reimbursement when uncertainty is high and cost controls exist; incentive and award-fee types when performance can be measured.

  • Cost-plus-percentage-of-cost and cost-plus-incentive-fee contracts are prohibited for use in the acquisition of commercial items; the CPFF contract is the most common cost-reimbursement type when the level of effort is fixed.

  • The Truthful Cost or Pricing Data statute (TINA, 10 U.S.C. 3701–3708) applies to negotiated contracts over $2,000,000 absent an exception; a Certificate of Current Cost or Pricing Data is required and must be updated through the date of agreement on price.

  • The J&A for a noncompetitive action must be approved at a level based on dollar value (e.g., $700,000 for DoD, $750,000 for civilian agencies for certain authorities) and posted publicly within 14 days of contract award (FAR 6.305).

  • The Buy American Act and the Trade Agreements Act apply to supply contracts; the Buy American Act threshold for manufactured end products is $2,500 for small purchases, while TAA thresholds vary by trade agreement (FAR 25.1, 25.4).

  • The Small Business Act requires maximum practicable opportunity for small business concerns; the set-aside rule applies when there is a reasonable expectation of two or more offers at fair market price (FAR 19.502-2).