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Contracting Officers are required by the Federal Acquisition Regulation (FAR), Part 9 to make an affirmative Determination of Contractor Responsibility prior to making an award. The requirements are spelled out in FAR 9.104. A contractor must: Have adequate financial resources to perform the contract.
(1) All registrants are required to review and update the representations and certifications submitted to SAM as necessary, but at least annually, to ensure they are kept current, accurate, and complete. The representations and certifications are effective until one year from date of submission or update to SAM.
52.2123 Offeror Representations and CertificationsCommercial Items. (a) Definitions. As used in this provision: Emerging small business means a small busi- ness concern whose size is no greater than 50 percent of the numerical size standard for the NAICS code designated.
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The Four Primary Types of Government Contracts Fixed-price contracts. Cost-reimbursement contracts. Time and materials contracts. Indefinite delivery/Indefinite quantity (IDIQ) Contracts.
(a) The Government suspends or debars Contractors to protect the Governments in- terests. The Contractor shall not enter into any subcontract in excess of $25,000 with a Contractor that is debarred, suspended, or proposed for debarment unless there is a compelling reason to do so.
If an offeror does not provide the representation required by ​FAR 52.204-24(d)(1)​, the GSA contracting officer should check the offerors response to the System for Award Management (SAM) representation provision at ​FAR 52.204-26​ via ​sam.gov​.
Women-owned small business concern means a small business concern-- (1) That is at least 51 percent owned by one or more women; or, in the case of any publicly owned business, at least 51 percent of its stock is owned by one or more women; and (2) Whose management and daily business operations are controlled by one or
Offeror is an agency or instrumentality of the Federal Government.

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