How to Do Business with Treasury Part II: Formal Contract Procedures
Previous
| Next
Purchases over $100,000.00 typically use formal
contract procedures (but Simplified Acquisition Procedures can be used
if the product or service is a Commercial Item less than $5 Million)
- A Business Should Be Economically Sound and Knowledgeable about
the Mechanics, Rules and Regulations of Procurement Before Attempting
to Bid on a Federal Contract. Contracts Awarded over $100,000 Are
Very Competitive
- A Thorough Knowledge of the Federal Acquisition
Regulation (FAR) Is Invaluable
- Publicizing the Requirement in FedBizOpps Advertisement
Is Required
- Either a Sealed Bid or a Negotiated Procurement
Can Be Used to Solicit Prices and Technical Responses
- Procurements expected to exceed $100,000 (using open market procedures)
are reviewed using the following considerations:
- 8(a) Program [general rule of thumb: up to $3,000,000 ($5,000,000
for manufacturing), use 8(a) program on sole-source basis; over
$3,000,000 ($5,000,000 for manufacturing)], use 8(a) program on
competitive basis if 8(a) “rule of two” is met - see FAR 19.8
or
- HubZone Small Business Set-Aside Program (competitive) - reserved
for HubZone small businesses if HubZone "rule of 2" is met - see
FAR 19.13
or
- HubZone Small Business Sole-Source Program - reserved for a
HubZone small business if only one HubZone small business can
satisfy the requirement [threshold: up to $3,000,000 ($5,000,000
for manufacturing)] - see FAR 19.13
- Small Business Set-Aside Program - reserved for small businesses
if small business "rule of 2" is met - see FAR 19.5
- Full and Open Competition (aka Unrestricted Competition) – if
applicable, use price evaluation adjustment for small disadvantaged
business concerns and price evaluation preference for HubZone
small business concerns
Previous
| Next Updated September 3, 2002
|
|
|