Answered: FAR Part 7 outlines the requirements of…

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Question

FAR Part 7 outlines the requirements of the written acquisition plan. List the requirements and provide a rationale for inclusion into the document.

Expert Solution

Step 1

The requirements of a written acquisition plan typically include:

Purpose: A clear statement of the purpose and objectives of the acquisition plan. This helps to provide a clear understanding of the end goal and what the plan aims to achieve.

Scope: A description of the scope of the acquisition effort, including the products and services to be acquired and the specific requirements they must meet.

Budget: An estimation of the budget for the acquisition effort, including the costs associated with each stage of the procurement process.

Procurement Strategy: A description of the procurement strategy to be used for the acquisition, including the method of procurement (e.g. competitive bid, sole source, etc.) and the rationale for selecting this method.

Contract Type: A description of the type of contract to be used for the acquisition, including the specific terms and conditions that will be included in the contract.

Source Selection Criteria: A description of the criteria that will be used to evaluate proposals and select the winning bidder. This may include factors such as technical capability, past performance, price, and others.

Schedule: A detailed schedule of all key milestones and deadlines associated with the acquisition effort.

Risks: A description of the risks associated with the acquisition effort and the strategies that will be used to mitigate those risks.

Performance Monitoring and Evaluation: A description of the methods that will be used to monitor and evaluate the performance of the contractors during the acquisition effort.