Table of Contents
- 1 Can foreign companies contract with the US Government?
- 2 Under which of the following exceptions may the contracting officer acquire a foreign end product without regard to the restrictions of the Buy American statute?
- 3 When should you use FAR Part 15?
- 4 Can a foreign owned company be a small business?
- 5 Is GSA considered commercial?
- 6 Where in the Far are the policies and procedures for the acquisition of commercial items found?
- 7 Can contractors charge profit on G&A expenses?
Can foreign companies contract with the US Government?
Most government agencies welcome bids from any firm that is qualified to compete for the opportunity to win the contract, regardless of whether they are based in the U.S. or a foreign country.
Under which of the following exceptions may the contracting officer acquire a foreign end product without regard to the restrictions of the Buy American statute?
When one of the following exceptions applies, the contracting officer may acquire a foreign end product without regard to the restrictions of the Buy American statute: (a) Public interest. The head of the agency may make a determination that domestic preference would be inconsistent with the public interest.
What is defined by FAR 2.101 established and agreed upon by the Government and the contractor?
Acquisition means the acquiring by contract with appropriated funds of supplies or services (including construction) by and for the use of the Federal Government through purchase or lease, whether the supplies or services are already in existence or must be created, developed, demonstrated, and evaluated.
When should you use FAR Part 15?
Purpose of Part 15 When contracting in a competitive environment, Part 15 is to be used to minimize the complexity of the solicitation, the evaluation of proposals, and the source selection decision.
Can a foreign owned company be a small business?
As demonstrated by a recent SBA Office of Hearings and Appeals size appeal decision, a foreign-owned entity can qualify as a small business, provided that it has a physical location in the United States and contributes to the U.S. economy.
What are exceptions to the Buy American statute?
Generally, waivers may be granted when: the use of a U.S. product is impractical or inconsistent with the public interest; or. the product is not mined, produced, or manufactured in the U.S. in sufficient and reasonably available commercial quantities of a satisfactory quality; or.
Is GSA considered commercial?
The GSA Schedule, also known as Federal Supply Schedule, and Multiple Award Schedule (MAS), is a long-term governmentwide contract with commercial companies that provide access to millions of commercial products and services at fair and reasonable prices to the government.
Where in the Far are the policies and procedures for the acquisition of commercial items found?
FAR Part 12
FAR Part 12 requires that agencies conduct market research to determine whether commercial items are available that could meet the agency’s requirements and to acquire such items when they are available.
What is a far 15 contract?
Contracting Cone FAR Part 15 describes the procedures for competitive and non-competitive open market acquisitions exceeding the Simplified Acquisition Threshold (SAT). Open market is defined as products or services not available from required sources of supply, such as GSA schedule contracts, outlined in FAR Part 8.
Can contractors charge profit on G&A expenses?
This amount (COM) is added to the total cost of the contract after profit has been computed and added. G&A is computed and added to the sub-total of the contract without FCCOM. The contractor is not allowed profit on FCCOM. G&A, is added to the total cost input of the contract.