FAASAVES (Federal Aviation Administration Strategic Sourcing For The Acquisition Of Various Equipment And Supplies)

What is FAASAVES (Federal Aviation Administration Strategic Sourcing For The Acquisition Of Various Equipment And Supplies)?

FAASAVES is a strategic sourcing initiative established by the Federal Aviation Administration (FAA) to streamline the acquisition of various equipment and supplies. It aims to consolidate purchasing power, reduce costs, improve efficiency, and ensure the FAA obtains the best value for its procurement needs. This initiative directly impacts government contractors who wish to do business with the FAA.

Definition

FAASAVES is a strategic approach to procurement that involves analyzing the FAA's spending patterns, identifying opportunities for consolidation, and establishing preferred contract vehicles for specific categories of goods and services. The program uses various procurement methods, including Blanket Purchase Agreements (BPAs) and other contract types, to achieve its goals. For government contractors, understanding FAASAVES is crucial because it dictates how the FAA acquires many of its essential supplies. Participating in FAASAVES contracts means navigating specific requirements related to pricing, delivery, and compliance. The FAA regularly updates its FAASAVES strategy based on market conditions and agency needs.

Key Points

• Strategic Sourcing Focus: FAASAVES emphasizes a strategic approach to procurement, moving away from ad-hoc purchases to a more planned and coordinated acquisition strategy.
• Cost Efficiency: A primary goal of FAASAVES is to reduce costs by leveraging the FAA's buying power and negotiating favorable terms with vendors.
• Streamlined Procurement: FAASAVES streamlines the procurement process, making it easier and faster for FAA personnel to acquire needed goods and services.
• Contractor Opportunities: While FAASAVES aims to optimize costs, it also presents opportunities for contractors who can offer competitive pricing and high-quality products.

Practical Examples

1. IT Equipment Purchases: The FAA might use a FAASAVES BPA to purchase laptops, desktops, and other IT equipment from a pre-approved vendor at negotiated rates.
2. Office Supply Acquisition: Instead of individual offices ordering supplies, the FAA might consolidate orders through a FAASAVES contract, resulting in bulk discounts.
3. Maintenance Material Procurement: The FAA could establish a FAASAVES agreement for the supply of specific maintenance materials needed for airport infrastructure, ensuring consistent quality and pricing.