Introduction to Simplified Acquisition

The acquisition costs that are expensed are labeled as finder’s fees, consulting fees, and general administrative costs. Finder’s fess include advisory, legal, accounting, valuation, and other professional fees while general administrative costs include costs of maintaining an acquisition department. Other acquisition costs that are exempt from FASB ASC 805-10-25-23 are the costs of registering and issuing debt and equity for the purpose of a business combination. These costs are recognized in accordance with other applicable GAAP and can be capitalized and amortized over future

Part 15 of the Federal Acquisition Regulations (FAR) “prescribes [the] policies and procedures governing competitive and noncompetitive negotiated acquisitions.” One component of negotiated acquisitions that occurs early in the acquisition process is the solicitation of proposals. FAR 15.201, titled, “Exchanges with Industry before Receipt of Proposals,” regulates the type and manner of communications, also sometimes referred to as exchanges, which can – and cannot – take place between the Government and potential suppliers prior to the receipt of a potential supplier’s proposal and the subsequent award of a contract.

If it is not clear whether an arrangement for payments to employees or selling shareholders is part of the exchange for the acquiree or is a transaction separate from the business combination, the acquirer should consider the following indicators:

According to Morgan, bureaucracies may achieve efficiency by dividing tasks and developing “detailed rules and regulations” (Morgan, 17) for all employees. The procurement process begins with the desire to purchase a good or service for example, a pencil. In order to purchase this supply at the LACCD one employee must create a purchase order (PO) in SAP by logging into their account that is linked to a budget. The PO must have the vendors contact information, details about the product including price, quantity, model number, and taxes. It must also be approved from the department chair or dean, the departments Vice President, and college’s Vice President of Administrative Services. If the purchase price of the good is over $5,000 the college performs an additional step and gets the approval of the board of

A “set-aside for small business” is the reserving of an acquisition exclusively for participation by small business concerns. A small business set-aside may be open to all small businesses. A small business set-aside of a single acquisition or a class of acquisitions may be total or partial (FAR.2012). Under this aspect of the FAR the contractor can show he was entitled to the set aside status and show that the contract was not awarded to a company that has the same status.

These contracts are commonly used where a buyer wants to purchase a home, or building

The use of simplified Acquisition procedure has become an easy and apt tool of responding to the needs of the client. The widely adhered to simplified acquisition threshold (SAT) is $300,000, however there are a few exemptions and our case here fits into the exemption. Apparently any such purchases that exceed the SAT but not exceeding $500,000 can be approved but must go at least one rung above the contracting officer to the supply chain contracting official (Defense Logistics Agency, 2012). There are basically four ways or approaches towards the simplified acquisition methods; the government officials concerned can pay for a simplified acquisition through cash basis, or through the government-wide purchase card, using the purchase order or blanket purchase agreement. This method involves the companies simply furnishing the contracting officials with quotation which in this case is not binding on the firm till such a time that the company will accept the government's order.

Maintain where a perfect method of acquirement’s has important needs which are tradable buys you ascertain on store. Affirm with use of coupons to purchase through web holding important implications when buying on web. Allege that there is a perfect methods of inculcation and trades that make the buying process perfected through trades on store.

Firm Fixed Price Contracts (FFP), it is appropriate for most commercial transactions, example: Software package that can be bought for $1,500 regardless of the seller’s cost.

Prior to implementing the MyFloridaMarketPlace (MFMP) program, the State of Florida did not have an enterprise-wide electronic procurement to payment system. The deployment of MFMP enabled a centralized source for procurement activates, automating the state’s requisition, purchase order, invoicing, and payment approval process, making the procurement cycle more cost effective and time efficient than the formally utilized paper-based system. With a state as large and diverse as Florida, the MFMP team recognized the unique needs of each agency and developed the ability for agencies to customize approval flows while adhering to statewide standards. The key differentiators of the MFMP program are the flexibility provided via customizable agency approval flows, a centrally managed update process, and a streamlined system change request process.

From the given situation, I believe that purchase contract negotiation involves clarification and mutual agreement on the structure and requirements of the contract and I acknowledge the positions of both parties to gain the first step of forming the contract. I utilize active listening and collaborative communication techniques at the first stage of forming a contract. These techniques allow me to focus on both sides must recognize basic areas of contract agreement and the importance of other terms and conditions.

Contracting officer’s use cost criteria categories to determine whether a contract can be used as a set-aside. This involves an evaluation based upon three categories: micropurchase, simplified acquisition procedures, and subcontracting plan requirements. Any acquisition under $3,000 is called a micropurchase. Exceptions include: if the project is based on

While in the process of acquiring a product or service I always try and ensure that I have at least two alternative sources for services and products that my company frequently uses. In the case of a new product or service I always tried to ensure that I have three independent quotes. Although I wasn’t knowledgeable enough to label this as a BATNA(best alternative to a negotiated agreement) I believe it did allow me to have an alternative in most cases. I am aware that this is an extremely limited view of term BATNA and I certainly don’t mean to suggest that this is a sufficient approach to this strategy, it is never the less an alternative.

Negotiating is a practice that allows for two sides to reach common ground and agree upon a specific settlement or transaction. During this at times complicated process, the bargaining sides develop a measure together to move forward in their business process. As a lead negotiator of a small firm, the research and analysis of the sought after contract has to be thoroughly conveyed to the U.S. Government. The small business’s negotiating team should be very familiar with the federal negotiating team and all that the federal government is expecting from the product they desire. As there are hundreds of competitors out there, it is safe to assume that there are multiple products out there. However, the negotiating firm of the small business must use different negotiating gambits and pay particular attention to the body language and examine the language used during the entire process.

One of the first things that is taught upon entering an acquisition career field is who has the authority to make purchases. Depending on the organization the requirements that these chosen individuals need to meet may vary greatly. The ones given this authority are typically held in the upmost trust and are required to have additional training to better prepare themselves for this responsibility. Unfortunately not everyone knows and understands who may and who may not have the authority to enter into binding contracts with that particular company or that organization, furthermore they may not understand what their responsibilities are. To confuse a situation even further, there are times when one may either express or imply they have