Federal Construction has a rule book called the Federal Acquisition Regulations. Two key FAR's that we reference in the workshop are 15.305 and 13.004
In the workshop we discuss FAR 15.305 part 2 sub-section iii which states:
The evaluation should take into account past performance information regarding predecessor companies, key personnel who have relevant experience, or subcontractors that will perform major or critical aspects of the requirement when such information is relevant to the instant acquisition.
A quotation is not an offer and, consequently, cannot be accepted by the Government to form a binding contract. Therefore, issuance by the Government of an order in response to a supplier’s quotation does not establish a contract. The order is an offer by the Government to the supplier to buy certain supplies or services upon specified terms and conditions. A contract is established when the supplier accepts the offer.