FAR Part 14 prescribes requirements for which type of contracting?

FAR Part 14 specifically addresses the procurement process for sealed bidding. This method of contracting involves the submission of sealed bids in response to an invitation for bids (IFB). It is commonly used in situations where the requirements are clear and well-defined, allowing the contracting officer to compare bids primarily based on price.

Sealed bidding is particularly advantageous because it creates an open and competitive environment, leading to potentially lower costs for the government. The process includes a public opening of bids, which enhances transparency and fairness in the award process. In sealed bidding, the resulting contract is usually awarded to the lowest responsive and responsible bidder, which is a key characteristic that differentiates it from other contracting methods.

The other options refer to different types of contracting processes that do not fall under FAR Part 14: negotiated contracts are covered under a different section of the FAR; simplified acquisition contracts are addressed in FAR Part 13; and commercial service contracts also have distinct guidelines outside of the parameters set by FAR Part 14.