5.404-2
Announcements of long-range acquisition estimates
Announce the availability of long-range acquisition estimates through the GPE and provide them upon request to enhance industry awareness and competition.
Overview
FAR 5.404-2 addresses the process for further publicizing long-range acquisition estimates. It allows agencies to announce, via the Governmentwide Point of Entry (GPE), that such estimates have been published and are available upon request from the contracting officer. This is to be done as appropriate, based on the specific needs of each acquisition case. The intent is to enhance transparency and provide industry with advance notice of potential future contracting opportunities, supporting competition and planning.
Key Rules
- Announcement via GPE
- Agencies may use the GPE to notify the public that long-range acquisition estimates are available.
- Availability Upon Request
- Interested parties can obtain these estimates by requesting them from the contracting officer.
- Case-by-Case Determination
- The decision to further publicize is based on the needs of the individual acquisition case.
Responsibilities
- Contracting Officers: Must provide long-range acquisition estimates upon request if an announcement has been made; determine when further publicizing is appropriate.
- Contractors: Should monitor the GPE for announcements and request estimates as needed for planning.
- Agencies: Ensure announcements are consistent with acquisition needs and comply with publicizing requirements.
Practical Implications
- This section promotes early industry engagement and market research by making future acquisition plans more visible.
- Contractors can use these announcements to better prepare for upcoming opportunities.
- Failure to publicize or respond to requests may limit competition or transparency.