7.400
Scope of subpart
FAR 7.400 sets the scope for equipment acquisition, requiring agencies to consider multiple acquisition methods and comply with the FAA Reauthorization Act for both new and renewed equipment agreements.
Overview
- FAR 7.400 defines the scope of Subpart 7.4, which addresses the acquisition of equipment by federal agencies. It clarifies that the subpart implements Section 555 of the FAA Reauthorization Act of 2018 and provides guidance for situations where multiple acquisition methods are available. The subpart applies to both new equipment acquisitions and the renewal or extension of existing equipment leases or rental agreements.
Key Rules
- Implementation of FAA Reauthorization Act Section 555
- The subpart incorporates statutory requirements from the FAA Reauthorization Act, ensuring compliance with federal law in equipment acquisitions.
- Guidance for Multiple Acquisition Methods
- Agencies must consider and evaluate different methods of acquiring equipment, such as purchase, lease, or rental, when more than one option is available.
- Applicability to Initial and Renewal Actions
- The rules apply not only to first-time acquisitions but also to renewals or extensions of existing equipment leases or rentals.
Responsibilities
- Contracting Officers: Must follow the guidance in this subpart when acquiring equipment, including considering all available acquisition methods and ensuring compliance with statutory requirements.
- Contractors: Should be aware that agencies may evaluate multiple acquisition methods and that both new and renewal actions are covered.
- Agencies: Responsible for oversight to ensure acquisitions comply with the FAA Reauthorization Act and FAR guidance.
Practical Implications
- This section ensures agencies make informed, compliant decisions when acquiring equipment, whether through purchase, lease, or rental. It helps prevent sole reliance on a single acquisition method and ensures statutory compliance. Contractors should be prepared for agencies to consider various acquisition approaches, potentially affecting solicitation and award strategies.