CON 1200V EXAM QUESTIONS AND ANSWERS A+ GRADED
Acquisition Planning
The action of developing the overall strategy for managing the acquisition
When should Acquisition Planning begin?
As soon as the need is identified
Where in the FAR is Acquisition Planning
FAR part 7 & DFFARS part 207
What determines if you need an acquisition plan?
Contract type, What you are purchasing, and/or estimate contract value
Acquisition Plan
A formal document that states specific actions to execute an approved acquisition
strategy; physical document; not required in every acquisition
Where in the FAR are the contents of an Acquisition Plan
FAR 7.105 & DFARS 207.105
In the DoD, who has overall responsibility for acquisition planning?
The Program Manager (PM) or other official (DFARS 207.103(g))
What are the two sections of an Acquisition Plan?
1) Acquisition Background & Objectives
2) Plan of Action
What is Contract Consolidation
When a number of contracts for similar goods or services are combined together to form
one single, larger contract
What is Contract Bundling?
A subset of contract consolidation the precludes participation by small businesses
because they cannot perform the contract
Define the Make-or-Buy Program
Make: The Prime contractor performs the service or supplies the item
Buy: The subcontractor performs the service or supplies the item (See FAR 2.101 &
FAR 15.407-2)
What are the two types of properties?
1) Real Property
2) Personal Property
Acquisition Planning
The action of developing the overall strategy for managing the acquisition
When should Acquisition Planning begin?
As soon as the need is identified
Where in the FAR is Acquisition Planning
FAR part 7 & DFFARS part 207
What determines if you need an acquisition plan?
Contract type, What you are purchasing, and/or estimate contract value
Acquisition Plan
A formal document that states specific actions to execute an approved acquisition
strategy; physical document; not required in every acquisition
Where in the FAR are the contents of an Acquisition Plan
FAR 7.105 & DFARS 207.105
In the DoD, who has overall responsibility for acquisition planning?
The Program Manager (PM) or other official (DFARS 207.103(g))
What are the two sections of an Acquisition Plan?
1) Acquisition Background & Objectives
2) Plan of Action
What is Contract Consolidation
When a number of contracts for similar goods or services are combined together to form
one single, larger contract
What is Contract Bundling?
A subset of contract consolidation the precludes participation by small businesses
because they cannot perform the contract
Define the Make-or-Buy Program
Make: The Prime contractor performs the service or supplies the item
Buy: The subcontractor performs the service or supplies the item (See FAR 2.101 &
FAR 15.407-2)
What are the two types of properties?
1) Real Property
2) Personal Property
