Season 10: Episode 12 “FAR Facts”

Hello and thank you for joining us for our first eleven Episodes of Fun with the FAR Season 10!
Our next session will cover: Part 17 (Special Contracting Methods) and Part 18 (Emergency Acquisitions)

  • The key distinguishing difference between multi-year and multiple year contracts is that multi- year contracts buy more than one year’s requirement of a product or service without establishing and having to exercise options for each subsequent contract year after the first. FAR 17.103.
  • The Department of Defense may only enter into a “multi-year” contract on a firm fixed price, fixed price with economic price adjustment or fixed price incentive basis only. FAR 17.106- 3(d).
  • FAR 17.207(c) lists the determinations that must be made before the contracting officer exercises an option.
  • Government agencies have the authority to outsource procurement activities to other Government agencies under what is known as “assisted acquisition” authority. FAR 17.502-1. Other agencies who procure product and services on behalf of the Department of Defense are required to follow all applicable DoD procurement regulations, guidance and procedures. FAR 17.703.
  • The Economy Act (31 U.S.C. 1535) authorizes agencies to enter into agreements to obtain supplies or services from another agency, and it applies when more specific statutory authority does not exist. FAR 17.502-2.
  • Emergency acquisition flexibilities may only be used: (a) In support of a contingency operation as defined in 2.101; (b) to facilitate the defense against or recovery from nuclear, biological, chemical, or radiological attack against the United States; or (c) when the President issues an emergency declaration, or a major disaster declaration. FAR 18.001. Available acquisition flexibilities are listed in FAR Subpart 18.1.

We look forward to you joining us for Episode 12, which will cover FAR Part 17 & FAR Part 18!
Included here is the link to our Fun with the FAR program:

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