Subcontracting Knowledge Check

A _____ contractor is in privity with the government. It is the contract awardee. Has full responsibility for completion and legally responsible for performance.

A ___ contractor is in privity with a prime contractor. They perform a portion of the main contract and are legally responsible to the prime contractor.

Define TRADITIONAL TEAMING.

• Prime contractor forms a holding company and buys smaller firms for investment.

• Prime contractor hires companies to act as subcontractors.

• 2 or more companies form a separate legally entity.

• 1 company completes all the work independently.

A _____ venture is created when 2 more more companies form a partnership and setup a new legal entity.

Select the types of Mentor Protege programs available.

• DOD Mentor Protege

• SBA Mentor Protege

• Georgia Mentor Protege

• APEX Accelerator Buddy System

Why do contractors team up? Select all correct answers.

• Spread Risk

• Lock Out Competition

• Localize Offer

• Improve Past Performance

• Increase costs

Select the order for the traditional teaming process.

• Subcontract
  Joint venture

  Award

• Networking
  Award
  Subcontract

• Teaming Agreement
  Subcontract
  Award

• Award
  Teaming Agreement
  Subcontract

What is a subcontracting plan?

• Document the explains the % of work outsourced based total $ spend by category, & name and type of firm.

• Agreement to create a joint venture

• Partnership between a prime contractor and subcontractor

• A list of flowdown rules that are mandatory government laws.

A ___ contract is an agreement between a prime contractor and the outsourced vendors. It defines scope of work, payment terms, invoice procedures, lists flow down requirement.

Select elements of Federal small business preference process.

• at least 2 sources sought for opportunities

• Public notice on set aside solicitation

• May set aside opportunities under 250,000 for small business or certified businesses

• Favors large businesses for opportunities over 250,000