Contract Administration: Bid/Contract Types & The FAR




Contract Bid Types

  • Learn the differences between bid types: IFB, RFP, RFQ, Sole Source, BPAs, etc.
  • Understand the various bid processes: one-step process, two-step process, best-value, Lowest Price Technically Acceptable (LPTA), streamlined acquisitions, simplified acquisition proceddures
  • Understand the various contract types: Fixed-price/Cost-reimbursement
  • Learn the risk levels in different contract types: Commercial Buy; Professional Services; Fixed Price; Cost Reimbursable; Labor Hour; Business to Business
  • Understand how to identify and evaluate contract requirements
  • Learn the difference between contract structures: Indefinite Delivery/Indefinite Quantity (IDIQ) vs. Requirements Contracts vs. Commercial Buys
  • Understand the contract compliance requirements

    Federal Acquisition Regulations

  • Understand the FAR and associated contract clauses
  • Learn how to identify contract risks by understanding the FAR requirements
  • Dissect each section of a contract: dissect and evaluate the contracts corresponding Request for Proposal /Quote (RFP/RFQ)