What is an acquisition plan?

An acquisition plan is a document which provides the overall strategy for accomplishing and managing an acquisition. The plan formally documents the approach to fill the need, optimize resources, and satisfy policy requirements for a proposed acquisition.

What is the first step in the acquisition planning process?

Phase 1 of the contracting process is Planning for Procurement. Acquisition Planning is the process of identifying and describing requirements and determining the best method for meeting those requirements. An important step in acquisition planning is the identification of the acquisition team.

Who is responsible for the acquisition plan?

The Federal Project Director is responsible for the development of the Acquisition Strategy documents for each project subject to 413.3A. The Acquisition Strategy documents should form the basis for developing the contract acquisition plan for specific contract actions.

How do you write an acquisition plan?

Elements of a Written Acquisition Plan Statement of need. Introduce the plan by a brief statement of need. Summarize the technical and contractual history of the acquisition. Discuss feasible acquisition alternatives, the impact of prior acquisitions on those alternatives, and any related in-house effort.

What are the types of acquisition?

Here are 4 common acquisition types and why they are used in business.

  • Vertical Acquisition.
  • Horizontal Acquisition.
  • Conglomerate Acquisition.
  • Market Extension Acquisitions.
  • Know Your Mergers.

What are the phases of the acquisition process?

The services acquisition process consists of three phases—planning, devel- opment, and execution— with each phase building upon the previous one.

Does an acquisition plan need to be in writing?

What is the threshold for an acquisition plan?

Subpart 807.1 – Acquisition Plans The threshold for written acquisition plans required by FAR 7.105 is increased from $1 million to $7 million, notwithstanding streamlined versions of acquisition plans deemed required in FAR 7.103(e), 7.105, 7.107, and/or as required by the Head of the Contracting Activity (HCA).