Good afternoon FUN with the FAR Friends!
Thank you for joining us for our third episode of Season 11! Steve and our guest instructor Rick A-to-Z covered FAR Parts 5 and 6 for our third episode of 2024:
FAR Part 5 (Publicizing Contract Actions)
FAR Part 6 (Competition Requirements)
As a follow-up to Wednesday’s session, here are a few facts to ponder:
DID YOU KNOW?
The Government is required to publish notices at the Governmentwide point of entry (GPE), which
can be found at https://sam.gov/content/home. FAR 5.003
DID YOU KNOW?
An award of a government contract to a single contractor government is required to be published
only if (i) the value of the contract exceeds $25,000 and (ii) the contract is likely to result in the
award of subcontracts. FAR 5.301
DID YOU KNOW?
For proposed contract actions estimated to be greater than $25,000 but less than the simplified
acquisition threshold ($250,000), the contracting officer should consider the totality of the
circumstances—such as the complexity, commerciality, availability, and urgency—when establishing
the solicitation response time. FAR 5.203(b)
DID YOU KNOW?
A subcontractor or supplier may, under certain circumstances, use the GPE to publicize subcontract
opportunities that have a value in excess of $15,000. FAR 5.206(a)(2).
DID YOU KNOW?
Task and Delivery Order competitions under indefinite delivery/indefinite quantity (“ID/IQ”)
contracts are not subject to FAR Part 6 competition requirements. FAR 6.001(f). They are subject to
FAR 16.5.
DID YOU KNOW?
Unless otherwise addressed by agency procedures, a contracting officer is permitted to award a
contract on a sole source basis without review and approval of another agency official provided the
contract has a value that does not exceed $750,000. FAR 6.304.