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FCR Module 1 Pre-award Phase Exam Study Guide
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FCR Module 1 Pre-award Phase Exam Study Guide ...
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FCR Module 1 Pre-award PhaseExam Study Guide
acquisition - Answer the purchase or lease of supplies or services by contract, for use
by the Federal govnt. These supplies or services can already exist or may be created
and developed
Contract - Answer a mutually binding legal relationship between a seller, or contractor
and a buyer, or the govnt. A contract, which must be in writing, obligates the seller to
furnish supplies or services to the buyer, who must pay for them
Project Life Cycle - Answer Concept Definition> Concept Planning> Development>
Implementation> Operations & Maintenance> Closeout
The Contracting Life cycle - Answer Preaward> Post-award> Contract management>
Contract closeout
Pre-award - Answer Acquisition planning, issuing the solicitation, and source selection
occur during the pre-award phase
post award - Answer the government and the contractor meet and prepare to implement
the contract
Contract Management - Answer the contractor provides the agreed - upon
supplies/services during the contract management phase
contract closeout - Answer the government provides final acceptance and payment, and
submits the contract performance evaluation during closeout
FAR - Answer Federal Acquisition Regulation
Acquisition planning - Answer FAR defines it as coordinating and integrating a
comprehensive plan for fulfilling an agency need in a timely manner and at a reasonable
cost
acquisition planning involves - Answer -identifying the Acquisition team
-reviewing previous similar acquisitions
-defining the requirements for the supplies/services being acquired
-developing the overall strategy for managing the acquisition
-creating the written acquisition plan (if required by your agency)
Benefits of Acquisition Planning - Answer Helps the government meet its needs in the
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