List of Agency Interests and Resources

A Federal Agency has many interests and resources that are common in all contracts.

Interests:

• Ensure timely performance of a contract because [____fill in the blank ____];
• Save taxpayer money;
• Obligate appropriated funds before they expire;
• Comply with Agency policy and regulations;
• Create a defensible file to withstand public scrutiny;
• Further the mission of the Agency;
• Ensure public confidence in the Agency;

Resources:

• Funds;
• Contractual authority (e.g., right to terminate for convenience, order changes, issue stop work orders, etc.);
• Statutory and Regulatory authority (e.g., authority to issue sole-source awards in certain circumstances, authority to settle, etc.);
• Alternative sources of supplies or services;
• Audit capabilities;
• Contractor’s payment and performance bonds;
• Skilled employees (tradesmen, engineers, attorneys, contracting specialists, etc.);

Each contract or project also may present unique interests and resources to add to these standard items.