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People also ask
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What is an acquisition strategy in government contracting?
Acquisition strategies are baseline plans for the execution of the program and should be prepared and submitted in time to obtain approval to support more detailed planning and the preparation of RFPs. The acquisition strategy is an approved plan; it is not a contract.
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What does acquisition mean in contracting?
Acquisition begins at the point when agency needs are established and includes the description of requirements to satisfy agency needs, solicitation and selection of sources, award of contracts, contract financing, contract performance, contract administration, and those technical and management functions directly ...
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How does acquisition planning help the core get the best value for acquisitions?
Final answer: Acquisition planning helps a COR ensure the best value for acquisitions by distinguishing needs from wants, exploring acquisition parameters, and balancing cost-effective and resource-based approaches to leverage core competencies and manage time efficiently.
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What is the primary authority the Cor should follow when implementing acquisitions and contracts?
The primary authority that a Contracting Officer's Representative (COR) should follow when implementing acquisitions and contracts is c) The Federal Acquisition Regulation (FAR).
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What are service acquisition strategies?
The services acquisition strategy contains sufficient detail to allow senior leadership and the S-CAT decision authority to assess whether the strategy makes good business sense, effectively implements laws and policies, and reflects management's priorities, including affordability.
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What do you mean by acquisition strategy?
Strategic acquisition, also called an acquisition strategy, is a method that one company uses to gain or purchase another, hoping the consolidation of both companies can prove to be more profitable than one by itself.
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What are the guiding principles for the federal acquisition system?
Contracting Concepts: Federal Acquisition Regulation System Guiding Principles Fulfill customer requirements/mission needs; Minimize administrative operating effort/cost; Do it with integrity/transparency; and. Support public policy objectives.
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What is acquisition strategy in contracting?
The primary function of an acquisition strategy is to document the factors, approach, and assumptions that will guide acquisition decisions related to the investment. The development of an acquisition strategy allows for identification of risks and consideration of tradeoffs needed to mitigate those risks.
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