The Federal Acquisition Regulations is codified in:
Answer(s): C
The primary purpose of the Federal Acquisition Regulations (FAR) is to provide a uniform set of policies and procedures for acquisition. It is codified in Title 48 of the United States Code of Federal Regulations. It doesn't regulate the purchasing activities of private sector companies UNLESS parts of it are being incorporated into government solicitations and contracts by reference.
The Federal Acquisition Regulations may sometimes regulate the purchasing activities of private sector companies.
Answer(s): A
The difference between Federal Procurement and Federal Assistance was established in law under:
Answer(s): B
You want to know the difference between Federal Procurement and Federal Assistance. The distinction between them was established in law under the Federal Grant and Cooperative Agreement Act of 1977 (PL 95-224). That statute states that when the principal purpose of the transaction is to purchase something for the Federal government's own direct benefit or use, the federal agency must use a procurement contract. However, if the principal purpose of the transaction is to assist, stimulate or support a non-federal party in the conduct of a public program, the federal agency must use an assistance instrument in the form of a grant or a cooperative agreement.
When the principal purpose of the transaction is to purchase something for the Federal government's own direct benefit or use, the federal agency must use:
You want to know the difference between Federal Procurement and Federal Assistance. The distinction between them was established in law under the Federal Grant and Cooperative Agreement Act of 1977 (PL 95-224).That statute states that when the principal purpose of the transaction is to purchase something for the Federal government's own direct benefit or use, the federal agency must use a procurement contract. However, if the principal purpose of the transaction is to assist, stimulate or support a non-federal party in the conduct of a public program, the federal agency must use an assistance instrument in the form of a grant or a cooperative agreement.
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