29th June 2020

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What is far 12?

Commercial Items (FAR Part 12) Supplies and services that meet the definition of a commercial item at FAR Part 2.1 may be acquired using the streamlined procedures set forth in FAR Part 12.

Similarly, you may ask, what is the difference between FAR and DFAR?

There is a difference between FAR and agency supplements. For example, the FAR focuses on "data" while the DFAR provisions focus on the narrower subset of "technical data".

Also, what is far15?

FAR Part 15 describes the procedures for competitive and non-competitive open market acquisitions exceeding the Simplified Acquisition Threshold (SAT). Open market is defined as products or services not available from required sources of supply, such as GSA schedule contracts, outlined in FAR Part 8.

What is a DD 1155 used for?

A DD Form 1155 is used to document all fuel purchases from commercial sources. The following is an explanation of information to be provided on the DD Form 1155 for purchase transactions on DESC bunker contracts and local purchases of bunker fuels.

What is lowest price technically acceptable?

Lowest Price Technically Acceptable (LPTA) Lowest Price Technically Acceptable (LPTA) source selection process (FAR 15.101-2) is where the government determines that the lowest price is awardable over the complaint technical offering of all proposals.
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