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The Federal Acquisition Streamlining Act of 1994 (S. 1587; Pub. L. 103–355) is a United States law that was enacted in 1994 with the goal of lowering procurement barriers. This Act enables Simplified Acquisition Procedures where the procurement is limited, facilitates reliance of Commercial off-the-shelf (COTS) technology, and promotes the ...
SAP was authorized by the Federal Acquisition Streamlining Act of 1994 (FASA), and expanded by the Federal Acquisition Reform Act of 1996. [2] [5] The procedures were developed in the context of the National Partnership for Reinventing Government, an initiative of the Clinton administration to increase government efficiency that began in 1993.
Acquisition Risks: Risk in contracting falls into three categories – schedule risk, performance risk and cost risk. Risks to the acquisition, including negative past experiences, must be identified and mitigation measures and risk allocation between the Government and a potential vendor determined.
Subsequently, the Federal Acquisition Streamlining Act of 1994 was passed, requiring the establishment of a "single face to industry". To accomplish this, the United States Department of Defense (DoD) designated a centralized, electronic registration process, known as CCR, as the single point of entry for vendors that want to do business with ...
The final result of the process is an acquisition plan reflecting an acquisition strategy, along with a clear understanding of systems and services requirements defining the acquisition goal. The acquisition initiation process is illustrated in Figure 5. A more detailed description of the Acquisition Initiation phase can be found here.
Image source: The Motley Fool. Lockheed Martin (NYSE: LMT) Q4 2024 Earnings Call Jan 28, 2025, 11:00 a.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
Sen. Barry Goldwater (R—AZ) and Rep. William Flynt Nichols (D—AL-4), the co-sponsors of the Goldwater–Nichols Act of 1986. The Goldwater–Nichols Department of Defense Reorganization Act of October 4, 1986 (Pub. L. 99–433; signed by President Ronald Reagan) made the most sweeping changes to the United States Department of Defense since the department was established in the National ...
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