Questions and Answers 100% Correct
Q1: What is the primary purpose of the GSAM?
A: To provide acquisition policies and procedures specific to the General Services
Administration.
Q2: Which regulation does the GSAM supplement?
A: The Federal Acquisition Regulation (FAR).
Q3: Who is responsible for issuing GSAM updates?
A: The General Services Administration (GSA).
Q: What part of the GSAM covers contracting methods and contract types?
A: Part 516.
Q4: What is the GSAM equivalent of FAR Part 19 (Small Business Programs)?
A: GSAM Part 519.
Q5: Which GSAM part addresses acquisition planning?
A: Part 507.
Q6: What is the GSAM’s stance on competition requirements?
A: It reinforces full and open competition consistent with FAR Part 6.
Q7: Which GSAM part governs contracting by negotiation?
A: Part 515.
Q8: What is the GSAM’s guidance on simplified acquisition procedures?
A: Found in Part 513, aligned with FAR Part 13.
Q9: Which GSAM part covers contract administration?
A: Part 542.
Q10: What is the GSAM’s policy on contractor performance evaluation?
A: Requires documentation in CPARS (Contractor Performance Assessment Reporting
System).
Q11: Which GSAM part addresses protests, disputes, and appeals?
A: Part 533.
Q12: What is the GSAM’s rule on using GSA schedules?
A: Governed by Part 538.
, Q13: Which GSAM part covers construction and architect-engineer contracts?
A: Part 536.
Q14: What is the GSAM’s guidance on contract financing?
A: Found in Part 532.
Q15: Which GSAM part addresses labor laws?
A: Part 522.
Q16: What is the GSAM’s requirement for acquisition planning documentation?
A: Written acquisition plans are required for major procurements.
Q17: Which GSAM part covers sealed bidding?
A: Part 514.
Q18: What is the GSAM’s rule on contract modifications?
A: Governed by Part 543.
Q19: Which GSAM part addresses socio-economic programs?
A: Part 519 (Small Business Programs).
Q20: Which GSAM part covers acquisition of commercial products and services?
A: Part 512.
Q21: What is the GSAM’s guidance on using multiple award schedules (MAS)?
A: Found in Part 538, emphasizing streamlined ordering procedures.
Q22: Which GSAM part addresses contract clauses?
A: Part 552.
Q: What is the GSAM’s rule on using governmentwide commercial purchase cards?
A23: Covered under Part 513, aligned with FAR Part 13.
Q24: Which GSAM part governs leasing of real property?
A: Part 570.
Q25: What is the GSAM’s requirement for market research?
A: Acquisition planning must include documented market research (Part 510).
Q26: Which GSAM part covers contractor qualifications?
A: Part 509.
Q27: What is the GSAM’s stance on contractor debarment and suspension?
A: Procedures are outlined in Part 509.
Q28: Which GSAM part addresses cost principles?