What is a follow on acquisition?

Follow-on Acquisition means the acquisition directly by Bidco or Bidco 2 of Elizabeth ADSs or Elizabeth Shares pursuant to any tender offer or squeeze out procedure but excluding the Acquisition.

What are acquisitions and contracts?

Title: Purchasing, Procurement/Acquisitions and Contracts Management. Definition: A program that prepares individuals to manage and/or administer the processes by which a firm or organization contracts for goods and services to support its operations, as well as contracts it to sell to other firms or organizations.

What are the three levels of competition in government contracting?

There are three possible levels of competition in the acquisition process. (1) Full and Open Competition, FAR Subpart 6.1; (2) Full and Open Competition After Exclusion of Sources, FAR Subpart 6.2; and (3) Other Than Full and Open Competition, FAR Subpart 6.3.

What is a J&A in government contracting?

Definition of Justification and Approval (J&A) “A document required to justify and obtain appropriate level approvals to contract without providing for full and open competition as required by the Federal Acquisition Regulation (FAR) (Subpart 6.3).”

What is the difference between procurement and acquisition?

Procurement deals with an existing product that can be purchased off the shelf. Acquisition, on the other hand, especially in the Department of Defense, refers to arms designed from scratch as specified by the client. As such, procurement is much easier than acquisition.

What is a Class D&F?

(a) A class D&F provides authority for a class of contract actions. A class may consist of contract actions for the same or related supplies or services or other contract actions that require essentially identical justification.

What is Nmcars?

NMCARS. The Navy Marine Corps Acquisition Regulation Supplement (NMCARS), which implements and supplements the Defense Federal Acquisition Regulation Supplement, contains mandatory policies and procedures including delegations of authority and assignment of responsibilities.

Is acquisition part of procurement?

Acquisition planning is the process of identifying and describing needs, capabilities, and requirements, as well as determining the best method for meeting those requirements (e.g., program acquisition strategy). This process includes procurement; thus, procurement is directly linked to the acquisition process model.

What does acquisition mean?

Definition of acquisition 1 : the act of acquiring something acquisition of property the acquisition of knowledge. 2 : something or someone acquired or gained The team announced two new acquisitions.