Search Results for: 2

An Indefinite-Delivery Contract (IDC) (Federal Acquisition Regulation (FAR) Subpart 16.5) provides various possible combinations of indefinite elements that provide the desired flexibility to best meet the Government needs. The appropriate type of indefinite-delivery contract may be used to acquire supplies and/or services when the exact times and/or quantities of future deliveries are unknown at the

A Purchase Order (PO) (FAR Part 13.302) is a commercial document issued by a buyer to a seller, indicating types, quantities, and agreed prices for products or services the seller will provide to the buyer. Sending a PO to a supplier constitutes a legal offer to buy products or services. Acceptance of a PO by

The Uniform Commercial Code (UCC) is a uniform act that governs the law of sales and other commercial transactions in all 50 states within the United States of America. The UCC deals primarily with transactions involving personal property. The Code, as the product of private organizations, is not itself the law, but only a recommendation

The Contract Data Requirements List (CDRL) lists authorized data requirements for a specific procurement that forms part of a contract. It comprises either a single DD Form 1423, or a series of DD Forms 1423 containing data requirements and delivery information. The CDRL is the standard format for identifying potential data requirements in a solicitation

The Contract Funds Status Report (CFSR) supplies funding data about defense contracts to government Program Managers (PM). The data is provided on DD Form 1586 is applicable to contracts over 6 months in duration and $1.5 million dollars. The CFSR is not applied to Firm Fixed Price (FFP) contracts unless unusual circumstances require specific funding

A Blanket Purchase Agreement (BPA) is a simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts” with qualified contractors below simplified acquisition thresholds (SAT).  BPAs should be established for use by an organization responsible for providing supplies for its own operations or for other offices, installations, projects, or functions.

The Buy American Act (BAA) (41 U.S.C. 8301-8305) was passed in 1933 and restricts the purchase of supplies that are not domestic end products. It applies to all U.S. federal government agency purchases of goods valued over the purchase threshold but does not apply to services. Under the Act, all goods for public use (articles,

An Ordering Instrument is a contract type that has already been established. There are many types of ordering instruments available to contracting professionals. These contract types save time, money, and resources. One of the best methods in using ordering contracts is that competition is maintained after the initial competition when an award is made to