Good morning FUN with the FAR Friends!
Thank you for joining us for our seventh episode of Season 11! Steve and our guest instructor Ryan Roberts covered FAR Parts 12 and 13 for our seventh episode of 2024:
FAR Part 12: Acquisition of Commercial Products and Commercial Services)
FAR Part 13: Simplified Acquisition Procedures
As a follow-up to Wednesday’s session, here are a few facts to ponder:
DID YOU KNOW?
COs are not required to request individual quotations for each Instead, the CO can use “standing quotes.” FAR 13.103.
DID YOU KNOW?
A contracting officer may use the procurement principles set forth in FAR Parts 13, 14, or 15 for the procurement of commercial products or commercial services, provided they are consistent with the rules of FAR Part 12.
DID YOU KNOW?
Firm-fixed price commercial product or commercial service contracts/orders are exempt from CAS. FAR 12.214. Labor hour and time & materials commercial products or commercial services contracts are also exempt. CASB 9903.201-1(b)(6).
DID YOU KNOW?
Documentation requirements to support sole source awards for procurements under the SAT are set forth at FAR 13.501.
DID YOU KNOW?
COs are not required to request individual quotations for each purchase. Instead, the CO can use “standing quotes.” FAR 13.103.
DID YOU KNOW?
Contracting officers are required to determine whether a proposal price is fair and reasonable. Whenever possible, this should be based on a price reasonableness analysis on all simplified acquisitions. FAR 13.106-3.