Most will instantly recognize that this familiar acronym stands for Interagency Agreement (IAA). But have you noticed that this same acronym sometimes is used a bit differently? For example, FAR Subpart 17.5 addresses policies for a “Special Contracting Method” called “Interagency Acquisition” (a different IAA?).
An acronym will often have very different meanings when used in different contexts. But, what about 1 acronym having different specific meanings in very similar contexts? Let’s look briefly at 3 sometimes encountered but importantly different situations that can be termed IAAs – all within the context of managing and expending Federal appropriated funds.
Overarching policies and rules for Interagency Agreements are established by the Office of Management and Budget, with the Treasury Department in charge of managing procedures, including development of the forms and required procedures because, in the end, all types of IAAs result in one agency expending funds that were appropriated by Congress or otherwise in the control of a different agency.
Want to know more? “Stay tuned” for another blog with a deeper dive into Interagency Acquisitions under FAR 17.5.
In the meantime, if you are new to working on an acquisition requirement where an IAA is being considered or you have been assigned to an Acquisition Team at either the Requesting or the Servicing Agency and need to get a handle on the IAA historical activity and status? One source of assistance is the video tutorials available in our suite of acquisition support products:
These short tutorials help you to understand what you need to know to effectively and efficiently meet the needs of your role and those of your agency as a whole, with respect to the IAA based on your own objectives and acquisition circumstances. The FIND, CPI and SI libraries also have tailorable Templates, Formats, Guidance documents and automated processing capabilities to assist you in ensuring the IAA-related activities are documented and tracked to ensure you are able to meet your agency’s needs.
Or better yet, request a demo at demo@seventhsenseconsulting.com or contact us at (301) 392-1895 or lakers@seventhsenseconsulting.com.
Make it an enlightened day,
Pat Shields
Director – Acquisition Practice
Seventh Sense Consulting