How do I become a successful contract specialist?

Five skills a good contract manager should have mastered
  1. COLLABORATION. Strong collaboration skills are the bedrock of solid contract management.
  2. DEPTH OF BUSINESS KNOWLEDGE.
  3. COMMUNICATION & PROJECT MANAGEMENT.
  4. NEGOTIATION.
  5. ATTENTION TO DETAIL & STRONG UNDERSTANDING OF AGREEMENTS.

What do government contract specialists do?

Contract specialists who work for the government are in charge of drafting contracts and negotiating prices between the parties involved. The ideal candidate should have strong communication skills and in-depth knowledge in math, accounting, business and contract law.

What degree do I need for contract management?

Typically, you’ll need a bachelor’s or master’s degree in a business-related field for this position, and certifications may be required in commercial, professional, and federal contracts provided by the National Contracts Management Association.

What is the difference between a contracting officer and a contracting specialist?

The contract specialist prepares the proposal package, negotiates the contract if applicable, and awards the contract. Only the contracting officer is authorized to sign and administer the contract once it is awarded.

What makes a good contracting officer?

A good leader must have the ability to manage up, as well as down. Whether via formal training, mentorship or guidance from existing leaders who take the time to work with and for their team, the acquisition community must work to ensure COs develop in all ways as contracting leaders.

What are the duties of a contracting officer?

The contracting officer is the U.S. Government’s authorized agent for dealing with contractors and has sole authority to solicit proposals, negotiate, award, administer, modify, or terminate contracts and make related determinations and findings on behalf of the U.S. Government.

What does KO mean in contracting?

A Contracting Officer (CO, also KO) is a person who can bind the Federal Government of the United States to a contract which is greater in value than the federal micro-purchase threshold ($10,000). This is limited to the scope of authority delegated to the Contracting Officer by the head of the agency.

Where does a contracting officer get his her authority?

Contracting officers may bind the Government only to the extent of the authority delegated to them. Contracting officers shall receive from the appointing authority (see 1.603-1) clear instructions in writing regarding the limits of their authority.

What authority does a contracting officer have?

(a) Contracting officers have authority to enter into, administer, or terminate contracts and make related determinations and findings. Contracting officers may bind the Government only to the extent of the authority delegated to them.

What is the difference between contracting authority and command authority?

Contracting officers may bind the government only to the extent of the authority delegated to them. Command authority does not include creating or implementing acquisition policy, guidance, or procedures and directing or authorizing deviations.

When performing surveillance on a contract a COR may be asked to?

When delegated duties to perform surveillance on a contract, the COR may be asked: Ensure that any Government Furnished Property is available when needed and is being accounted for by the appropriate property personnel.

What is a COR in contracting?

A Contracting officer’s representative is an individual designated in accordance with DFARS subsection 201.602-2 and authorized in writing by the contracting officer to perform specific technical or administrative functions.

What is a blanket purchase agreement?

A Blanket Purchase Agreement, or BPA, is a simplified method of filling anticipated repetitive needs for supplies or services by establishing “charge accounts” with qualified sources of supply. A good example would be medical supplies or automobile parts.

How long should Cor files be kept?

The General Records Schedule (GRS) 1.1 updates the retention period for financial transaction records related to procuring goods and services. The new retention period for contract files is now six years, regardless of the acquisition value, after final payment has been made.

How do you terminate a contract?

A Contract Closeout occurs when a contract has met all the terms of a contract and all administrative actions have been completed, all disputes settled, and final payment has been made. This includes those administrative actions that are contractually required; i.e. property, security, patents, and royalties.

Does the Far bind the contractor?

FAR CLAUSES Binding upon a Contractor if incorporated into contract. Also, Binding upon Government when in the contract, e.g., FAR 52.245-1.

What should be in a cor file?

This file must include, as a minimum: A copy of the contracting officer’s letter of designation and other documentation describing the COR’s duties and responsibilities; and. Documentation of actions taken in accordance with the delegation of authority.

What are the duties of a cor?

What does the COR do? The COR has an important role in the administration and technical oversight of contracts. Typically, the COR has a central and key responsibility for monitoring and managing contract operation and performance.

Who appoints contracting officer representative?

Once the nomination is complete, the COR will be appointed by the Contracting Officer.

Is a COR required?

In Accordance With FAR 1.602-2 Responsibilities, a Contracting Officer is required to designate and authorize a COR on all contracts and orders, other than those that are firm-fixed price and for firm-fixed price contracts and orders as appropriate, unless the CO retains and executes the COR duties.

How do I get Cpcm certification?

If you intend to apply for CPCM certification, you must typically have at least a bachelor’s degree from a regionally accredited educational institution, at least five years of relevant work experience and a minimum of 120 hours of continuing professional education.

Under what circumstances may a COR Redelegate their authority to others?

Redelegate your COR authority. Take any actions that would commit or change the contract/order price, quantity, quality, schedule/delivery, scope of work, place of performance, or any other term or condition of the existing contract.

Who can be a cor?

  • Must be a Government employee (unless other wise authorized in agency regulations).
  • Must be qualified by Training and Experience commensurate with responsibilities to be delegated in accordance with department or agency guidelines.
  • Must be designated in writing.

What is the source of a cor authority?

The authority vested in a COR comes directly from the CO. This authority is bestowed upon the COR through specific provisions set forth in the contract or in a letter of designation. The CO can revoke the authority for cause if the COR fails to perform as required.