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Federal Acquisition

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Running head: FEDERAL ACQUISITION PROCESS 1
Federal Acquisition Process
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FEDERAL ACQUISITION PROCESS 2
The federal acquisition regulation structure directs the acquisition process through which
the executive agencies in the United States purchase or lease products and services by contracts
with the appropriated funds. The main aim of the federal acquisition regulation to any
government is to ensure that the contracting and purchasing process obtain products which meet
agency needs (Smith, & Fernandez, 2010). The process ensures that the goods and services are
received at affordable prices. The acquisition process ensures there is fair competition and the
best products and services are selected during purchasing and contracting.
The federal procurement process tries to optimize the market response. To meet the
requirements of goods and services regarding quality, timely delivery, fair pricing, ensure the
company trading with the government meet socioeconomic objectives, the organization
minimizes technical, and business risks, the company, and the state maximize completion, and
finally, the government maintains procurement integrity(Smith, & Fernandez, 2010). The
second goal of the federal acquisition process is to ensure that the purchased services and
supplies are delivered where and when they are supposed to be as stated in the contract. The
suppliers are expected to comply with the terms and conditions of the contract.
The procurement and acquisition involve eight processes. The first step is the agency
vision. The organization needs dictate how the acquisition process will take place. For example,
if the supply of goods and services is larger than $150,000 the procurement process begin with
the purchase plan. The statement of need enables the organization to plan. The planners ensure
that the need has fully been defined. They also weigh of options and trade-off issues such as
whether to buy and lease. The second step involves market research. The human resource from
the program office assisted by contractors they gather information about options available from
the company to enable the need (Heniff Jr, Lynch, & Tollestrup, 2012). Market research process

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Running head: FEDERAL ACQUISITION PROCESS Federal Acquisition Process Name Institution Affiliation 1 FEDERAL ACQUISITION PROCESS 2 The federal acquisition regulation structure directs the acquisition process through which the executive agencies in the United States purchase or lease products and services by contracts with the appropriated funds. The main aim of the federal acquisition regulation to any government is to ensure that the contracting and purchasing process obtain products which meet agency needs (Smith, & Fernandez, 2010). The process ensures that the goods and services are received at affordable prices. The acquisition process ensures there is fair competition and the best products and services are selected during purchasing and contracting. The federal procurement process tries to optimize the market response. To meet the requirements of goods and services regarding quality, timely delivery, fair pricing, ensure the company trading with the government meet socioeconomic objectives, the organization minimizes technical, and business risks, the company, and the state maximize completion, and finally, the government maintains procurement integrity(Smith, & Fernand ...
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