Contract Formation in the FAR
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This course is the third of four modules in the Federal Acquisition Regulation (FAR) Fundamentals course series. It is a limited lecture and exercised-based curriculum that teaches you to correctly apply the relevant rules of FAR Parts 13, 14, and 15 (and corresponding parts of agency FAR supplements) to make appropriate contracting decisions. You’ll learn how to correctly execute the source selection process and assemble a binding contract. If you are interested in taking all four courses (CON 090-1, CON 090-2, CON 090-3, and CON 090-4) as one bundled course offering, please contact the course administrator.
What You Will Learn
- Types of contract actions
- Simplified acquisition procedures
- Sealed bidding procedures
- Contract negotiations and procedures
- Contract pricing considerations
- Contractor qualification requirements
- Bid and award protests
How You Will Benefit
- Identify the policies and procedures for processing simplified acquisitions.
- Discover the policies and procedures pertaining to sealed bidding, Cost Accounting Standards (CAS) administration, the acquisition of supplies and services through special contracting methods, and debriefings.
- Learn the policies and procedures governing competitive and noncompetitive negotiated acquisitions.
- Identify the contract pricing policies and procedures for pricing negotiated contracts and contract modifications.
- Understand contract cost principles and procedures.
- Gain an understanding of acquisition flexibilities that are available for emergency acquisitions.
CONTRACT FORMATION PRINCIPLES
- Essential elements of a contract
- Different types of contractual authority
- Uniform Contract Format (UCF)
- Contract line item numbering
SOLICITATION OF OFFERS
- Incorporation of solicitation provisions and contract clauses
- Appropriate response to inquiries from potential offerors
- Amendments to solicitations
- Policies and procedures for evaluating bids
- Policies and procedures for evaluating competitive proposals
- Exchanges with offerors after proposal submission
- Responsibility of prospective contractors
- Contract pricing policies
- Notifications of award and debriefings
- Publicizing contract awards
- Steps required to be taken
- Response time requirements
SIMPLIFIED ACQUISITION PROCEDURES
- Simplified acquisition methods
- Difference between quotations and offers
- Solicitation, evaluation, and award of simplified acquisitions
Who should attend
This course is designed for new hires and career professionals in the federal acquisition field, including contracting officers, contract specialists, contracting officer representatives, program and project managers, small business specialists, and industry contracting personnel. This course is Defense Acquisition University equivalent, and satisfies both the Defense Acquisition Workforce Improvement Act (DAWIA) and Federal Acquisition Certification in Contracting (FAC-C) requirements.