Download FAR Part 13: Understanding Simplified Acquisition Procedures and Related Topics and more Exams Construction in PDF only on Docsity! FAR Part 13 Questions with Answers 2024 A system whereby the CO receives authorization from a fiscal and accounting officer to obligate funds on purchase documents against a specified lump sum of funds reserved for the purpose for a specified time rather than obtaining individual obligation authority on each purchase document is ✔ bulk funding. FAR 13.101(b)(4) A cash fund of a fixed amount established by and advance of funds, without charge to an appropriation, from an agency finance or disbursing officer to a duly appointed cashier for disbursement as needed from time to time in making payment in cash for relatively small purchases is a\an ✔ imprest fund. FAR 13.001 Imprest funds may be used for transactions up to ✔ $500.00. FAR 13.305-3(a) It is advantageous to establish blanket purchase agreements with firm who ✔ offer quality supplies or services at consistently lower prices than their competitors. FAR 13.303-2(b)(2) Which of the following is true concerning the use of simplified acquisition procedures? ✔ Purchases above the micro-purchase level are generally set-aside for small business. FAR 13.003(b)(1) Which of the following is true concerning blanket purchase agreements (BPAs)? ✔ They may be established with more than one supplier. (FAR 13.303-2(c)(1) When fast payment procedures are utilized, who is responsible for determining the amount of debts resulting from failure of contractors to properly replace, repair, or correct supplies lost, damaged, or not conforming to purchase requirements? ✔ contracting officer. FAR 13.401(b) FAR 13.302-4, "Termination or cancellation of purchase orders." If the contractor accepts the cancellation and does not claim that costs were incurred as a result of beginning performance under the purchase order, then ✔ no further action is required and the purchase order shall be considered canceled. FAR 13.302-4(b)(1) Unpriced purchase orders may be used to acquire ✔ repairs to equipment requiring disassembly to determine the nature and extent of repairs. FAR 13.302-2(b)(2) Which of the following is true about micro-purchases? ✔ The government wide commercial purchase card is the preferred means to purchase and pay for them. FAR 13.201(b), (c), (e), 13.202(a)(2) Which of the following is true about quotations? ✔ A quotation is not an offer. FAR 13.004; 13.106-1(c); 13.104(a)(2); 13.103 The simplified acquisition methods include ✔ purchase orders, blanket purchase agreements, governmentwide commercial purchase cards, imprest funds, and third-party drafts. FAR 13 When using the simplified acquisition methods for commercial items, acquisitions do not exceed ✔ $6.5 million. FAR 13 The simplified acquisition methods should be used for all purchases of supplies or services not exceeding the ✔ Simplified Acquisition Threshold. FAR 13 Generally, each acquisition of supplies or services is reserved exclusively for small business concerns and shall be set aside if the anticipated dollar value ✔ exceeding $3,000 and not exceeding $150,000. FAR 13 When use simplified acquisition methods, some considerations are ✔ promote competition to the maximum extent practicable; establish reasonable deadlines for submission of responses to solicitations; consider all quotations or offers that are received on time, and; use innovative approaches to the maximum extent practicable. FAR 13 When acquiring products/services through the simplified acquisition methods, a contract officer must clearly articulate the basis ✔ upon which the award will be made. FAR 13.1 Micro-purchases may also be used for certain contingency operations or defense for certain contingency operations or defense against or recover from attacks. What is the threshold for contracts awarded & performed inside the US and outside the US? ✔ $15,000 inside US and $30,000 outside US. FAR 13.3 What is the governmentwide commercial purchase card authorized to pay for? ✔ supplies, services, or construction. FAR 13.301 The governmentwide commercial purchase card may be used to make ✔ micro-purchases; place task or delivery orders or make payments, when the contractor agrees to accept payment by card. FAR 13.301 How is unpriced purchase orders to be issued on a fixed-price basis to be paid?
