The Simplified Acquisitions Methods- Contract Administration and Essay

The Simplified Acquisitions Methods- Contract Administration and Management - Essay Example Government official can make and pay for a simplified acquisition using cash, purchase order, government wide purchase order at the convenience of the company (small businesses in this case). To win this acquisition, the company must simply provide contracting officials with a quotation. Simplified acquisition is a flexible method of purchasing as procedures vary by contract value. It also favors small businesses in the following ways: reduces administrative costs, improving opportunities for small firms, small disadvantaged firms and women owned small businesses, promotes efficiency and economically essential in acquisition of contracts and finally to avoid unnecessary burden for agencies and contractors. The public law established special requirements for the acquisition of commercial items intended to more closely resemble those customarily used in the commercial marketplace. The federal government developed a unit that conducted market research as an essential element of building an effective strategy for the acquisition of commercial items and establish the foundation for the agency description of need, the solicitation and resulting contracts (Office of the Federal Register US, 2010). The government also set specific procedures for solicitation, evaluation and award of contracts. Those procedures were to be adhered to by the contractors, thus making business favorable for small businesses. Other laws set by the federal government to monitor contracting include: contract quality assurance, notification of overpayment and determination of price reasonableness (Office of the Federal Register US, 2010). The use of technology has been an enormous advancement in the business sector; it makes transfer of information from one party to the other easily and efficiently. This therefore saves time as far as acquisition of products and contracting is concern. This can be achieved by attachment of quotations on a mail for