HCAs shall establish criteria and procedures to ensure that prospective contracting officers (above the Simplified Acquisition Threshold) have the knowledge and experience to effectively and efficiently support their customers and successfully fulfill their fiduciary responsibilities. As a minimum, selection criteria include:
(a) A successful track record as a contract specialist, cost/price analyst or contract administrator of a scope and complexity comparable to the acquisitions to be assigned.
(b) Business education and knowledge sufficient to understand the business operating cycle, financial and market analysis, and measures of corporate performance to effectively structure business arrangements that best meet the needs of the Government and the prospective contractor(s).
(c) Knowledge of acquisition and fiscal policies and procedures, including the panoply of acquisition instruments available to the Government, to effectively develop and execute acquisition and contracting strategies, and manage the resulting business arrangements.
(d) Compliance with Public Law 101-510, “National Defense Authorization Act for Fiscal Year 1991” Title XII, “Defense Acquisition Workforce Improvement Act,” November 5, 1990, as amended by Public Law 106-398, “National Defense Authorization Act for Fiscal Year 2001,” Section 808, “Qualifications Required for Employment and Assignment in Contracting Positions.”
