ii To foster an equitable federal procurement policy government wide small

Ii to foster an equitable federal procurement policy

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ii. To foster an equitable federal procurement policy , government-wide small business goals are established for federal agencies as percentages of annual expenditures . 1. The SBA approves the final goals set by each federal agency and monitors the agency's actual performance against the established goals. iii. Small Business Programs 1. Veteran Owned Small Business (VOSB) 2. Service-Disabled Veteran-Owned Small Business (SDVOSB) 3. Historically Underutilized Business Zone Small Business (HUBZone) 4. Small Disadvantage Business (SDB), Including 8(a) 5. Women-Owned Small Business (WOSB) 6. Economically Disadvantaged Women-Owned Small Business (EDWOSB) h. Source Selection Techniques i. Because you will be spending taxpayer dollars, it is important that you obtain the best value for your customer and the taxpayers. 1. Best value means the expected outcome of an acquisition that, in the government’s estimation, provides the greatest overall benefit in response to the requirement. ii. Also, remember that prior to awarding a contract, the contracting officer must determine that the prospective supplier, and, in some cases subcontractors, have the necessary capabilities to fulfill their part of the contract bargain. This process is referred to as a responsibility determination . 1. The Seven Standards of Responsibility are that the prospective contractor must: a. Have adequate financial resources to perform the contract or the ability to obtain them b. Be able to comply with the required or proposed delivery or performance schedule, taking into consideration all existing commercial and governmental business and commitments c. Have a satisfactory performance record d. Have a satisfactory record of integrity and business ethics
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CON 200 e. Have the necessary organization, experience, accounting and operational controls, and technical skills, or the ability to obtain them f. Have the necessary production, construction, and technical equipment and facilities, or the ability to obtain them g. Be otherwise qualified and eligible to receive an award under applicable laws and regulation i. Contract Financing i. Contract financing can be a useful tool in government acquisitions by expediting performance of essential contracts. 1. A contract financing payment is defined in FAR 32.001 as an authorized government disbursement of monies to a contractor prior to acceptance of supplies or services by the government. ii. The regulations require you to consider the following criteria: 1. Provide government financing only to the extent actually needed for prompt and efficient performance. 2. Administer financing in a way that will not impede the acquisition. 3. Avoid any undue risk of monetary loss for the government. 4. Ensure the type of financing provided is in the best interest of the government. 5. Monitor the contractor's use of the financing and its financial status.
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