Please give 8 to 10 explanatory comments for each of the following questions. One reference may include the Federal Acquisition Regulation:
Problem 1. What are acquisition plans designed to do?
Problem 2. A performance-based acquisition method is the preferred method of procuring service with the exception of procuring what kind of services?
Problem 3. The federal acquisition and contracting source selection is the responsibility of whom? Who and what is the role of the source selection authority?
Problem 4. Identify the appropriate contract type for each circumstance below:
a. Reasonably definite design or performance specification available and a fair and reasonable price can be established at outset.
b. Contract completion is feasible; incentives are desired but performance not susceptible to finite measurement. Provides for subjective evaluation of contractor performance.
c. Unstable market or labor conditions during the production period and contingencies which would otherwise be included in the contract price can be identified and made the subject of separate price adjustment clauses.
Problem 5. Distinguish between kinds, methods and types of contracts.