What does FAR Part 15 prescribe?

• A. Policies and procedures governing competitive and noncompetitive negotiated acquisitions
• B. Sealed bidding procedures and awards
• C. Grant administration and indirect costs
• D. Procurement of construction using construction management

Answer: (A)

FAR Part 15 governs contracting by negotiation, laying out the policies and procedures for negotiated acquisitions. It covers both competitive and noncompetitive paths, ensuring procurements are conducted with proper competition or justified sole-source where applicable. It includes how proposals are solicited, evaluated, and selected, the use of discussions with offerors, and the postaward debriefing process. This is why the correct concept is that FAR Part 15 prescribes policies and procedures governing competitive and noncompetitive negotiated acquisitions. Sealed bidding is under FAR Part 14, grant administration and indirect costs fall outside this part, and construction procurement using construction management involves other parts and procedures.