Ace the CPCM Challenge 2025 – Unlock Your Contract Management Superpowers!

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Question: 1 / 515

What is the function of a broad agency announcement in the context of an agency's operations?

To limit submissions to pre-approved vendors

To outline agency contracting principles

To publicly share the agency's research interests and selection criteria

The function of a broad agency announcement (BAA) is to publicly share an agency's research interests and selection criteria. A BAA serves as a tool for government agencies to solicit proposals for research and development projects without the constraints of a formal contract solicitation. It allows for the submission of innovative ideas and concepts from a diverse range of sources, which may include academic institutions, nonprofit organizations, and private sector companies.

By outlining the agency's research interests, BAAs facilitate a broader engagement with the market and help the agency assess various solutions to meet its needs. This open approach encourages collaboration and allows the agency to gather a wide range of input, which can lead to more effective and innovative solutions.

In contrast, other options do not accurately define the specific purpose of a BAA. Limiting submissions to pre-approved vendors or outlining contracting principles are more aligned with restricted solicitations or formal procurement guidelines. Similarly, announcing budget allocations for projects is not the primary goal of a BAA, as it focuses on research interests rather than specific budgetary details.

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To announce budget allocations for projects

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