- What are the 3 types of contracts?
- What is an FMS notification?
- What does the DSCA do?
- How long does foreign military sales documentation have to be retained?
- How does foreign military sales work?
- What are the steps in the FMS process?
- What is an FMS contract?
- What are three examples of misuse of the Governmentwide commercial purchase card?
- What documentation is acceptable for GPC transactions?
- Where is DSCA located?
- What is a direct commercial sale?
What are the 3 types of contracts?
I’m going to break these down into three major types of contracts: Fixed Price, cost-reimbursable, and time and materials..
What is an FMS notification?
Fixed Mobile Substitution, usually abbreviated to FMS, is the use of a mobile phone (cellular phone) instead of a fixed, wired, POTS telephone. … One such technique is the use of “homezones” (where calls on a designated cell, covering the subscriber’s home, are at a preferential tariff, or even free).
What does the DSCA do?
The Defense Security Cooperation Agency (DSCA), under the Department of Defense (DoD), leads, directs and manages security cooperation programs and resources to sup- port national security objectives that: build relationships which promote U.S. interests, build allied and partner capacities for self- defense and …
How long does foreign military sales documentation have to be retained?
10 yearsAn example of supplemental guidance, which is contained in Chapter 6 of Volume 15 of this Regulation, is the requirement that Foreign Military Sales documents and financial records be retained for 10 years from the date of case closure.
How does foreign military sales work?
Foreign Military Sales (FMS) is the U.S. Government’s program for transferring defense articles, services, and training to our international partners and international organizations. The FMS program is funded by administrative charges to foreign purchasers and is operated at no cost to taxpayers.
What are the steps in the FMS process?
The first stages of the FMS process are the following:Preliminary Phase: The Customer determines their procurement requirements.Deﬁnition Phase: Customer and U.S. DoD exchange technical information.Request: Customer prepares and submits a Letter of Request (LOR).More items…•
What is an FMS contract?
The Foreign Military Sales (FMS) program is a form of security assistance authorized by the Arms Export Control Act (AECA), as amended [22 U.S.C. 2751, et. … Under FMS, the U.S. Government and a foreign government enter into a government-to-government agreement called a Letter of Offer and Acceptance (LOA).
What are three examples of misuse of the Governmentwide commercial purchase card?
What are some examples of misuse/abuse?Purchases exceed the account holder’s authorized limit. … Purchases for which no funding is available. … The account holder allows other people to use his/her purchase account. … Split Transactions. … Products or services that do not meet the government’s requirements.More items…
What documentation is acceptable for GPC transactions?
Cardholders are responsible for maintaining proper documentation regarding the GPC, such as: Written requests, ● Funding availability, ● Purchase log, ● Local purchase authority, and ● Property book procedures as appropriate.
Where is DSCA located?
Crystal CityLocated in Crystal City, Virginia, DSCA leads the broader U.S. security cooperation enterprise in its efforts to train, educate, advise, and equip foreign partners.
What is a direct commercial sale?
Definition: A sale of defense articles or defense services made under a Department of State issued license by U.S. industry directly to a foreign buyer, and which is not administered by DoD through FMS procedures.