Business todo1/6/2024 In the case of small business, special rules apply. These determinations are generally based on the contracting officer's evaluation of contractor's data and records of prior performance. Be otherwise qualified and eligible to receive an award under applicable laws and regulations.Have, or be able to obtain, the necessary production, construction, and technical equipment and facilities.Have, or be able to obtain, the necessary organization, experience, accounting and operational controls, and technical skills.Have a satisfactory record of integrity and business ethics.Have a satisfactory record of performance.Be able to comply with the delivery requirements.Have, or be able to obtain, adequate financial resources.To be considered responsible, the contractor must meet the following conditions: For example, the bid or proposal must be submitted in a timely manner to the location stated in the Government’s requirements. To be considered responsive, the contractor must submit a sealed bid or proposal in accordance with the terms and conditions of the quotation or solicitation. ![]() Second, contracts are awarded only to contractors found to be "responsive" and "responsible." Regardless of the procurement method used, the regulations require that, before the contract is awarded, the contracting officer must assure that a prospective contractor is "responsive" and "responsible." This practice reflects the theory that full and open competition results in fair and reasonable prices and that such competition avoids favoritism by assuring that all qualified suppliers have the opportunity to sell to the government. The FAR is also available for review at major public libraries, or via the World Wide Web from the Acquisition Reform Network.īefore looking at the regulations in detail, you should be aware of four basic principles underlying Department of the Treasury and federal agencies' contracting process.įirst, to ensure reasonable prices, contracts are awarded competitively whenever possible. Government Printing Office, Washington, DC 20402, telephone (202) 512-1800. A copy may be purchased from the Superintendent of Documents, U.S. Other parts deal with such matters as labor laws, contract administration, standard clauses, and forms.Īny firm wishing to do business with the Federal Government should have access to the FAR. Part 13 contains simplified procedures for contracts of $150,000 or less, while Parts 14 and 15 deal with procurement procedures for larger contracts. The first six parts deal with general government contracting matters and the next six parts deal with aspects of acquisition planning. The FAR has more than 1,000 pages and is divided into 53 parts (equivalent to chapters), each part dealing with a separate aspect of procurement. ![]() Mint is exempt.) The FAR is codified as Chapter 1 of Title 48, Code of Federal Regulations and consists of procurement policies and many detailed procedural and administrative requirements that apply to all procurements by Federal executive agencies. Most Treasury acquisition activities are governed by the "Federal Acquisition Regulation" (FAR). How To Do Business With Treasury Part I: Regulations Governing Department of the Treasury Acquisition ![]() Office of Small and Disadvantaged Business Utilization - Overview Office of Small and Disadvantaged Business Utilization Small Business Administration and Preferential Contracting Programs The Government Definition of a "Small Business" Major Differences Between Commercial and Government Practices ![]() Regulations Governing Department of the Treasury Acquisition
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