The requirements for federal supply schedule contracts share several similarities but they also have considerable differences. Some of the similarities include that they are a fast, convenient and effective strategy of contracting. Through the contracts, the federal government is able to develop suitable relationships with commercial companies and it uses the relationship to ensure that huge quantities of commercial products are available to the public at affordable prices (Federal Acquisition Institute, 2016). The similarities can also be addressed from the perspective of the benefits that citizens accrue.

The first and obvious benefit is the availability and affordability of the commercial products and services (Federal Acquisition Institute, 2016). Other benefits that they accrue through different federal supply schedule contracts include that they gain access to a variety of products and services hence they get to have more control over the choice they make when it comes to purchasing (Federal Acquisition Institute, 2016). The commercial entities get to experience reduced lead time, more control of procurement, reduced inventories and minimized administrative costs.

All types of federal supply schedule contracts usually entail vendors holding schedule contracts so as to guarantee that no public bidding takes place (Federal Acquisition Institute, 2016). Public bidding processes commonly results in the public paying more for commercial goods and services. The vendors that hold the schedule contracts are usually accorded with the contracts and they as a result supply and deliver the predetermined quantity and quality of products on a national scale (Federal Acquisition Institute, 2016). The common requirements under the contracts include discount terms, regulatory requirements of the contract, contract agency, delivery time period, date, quantity, unit price, total cost and location.

It is worth noting that some of the similarities of all types of federal supply schedule contracts are again the main attributes that differentiate between the contracts (Federal Acquisition Institute, 2016). For instance, different federal supply schedule contracts are based on the specific field from which the contracts are made. For instance, there exist different regulatory requirements for products in the food and beverage industry from the ones that are adopted in the health industry and the consumer electronics sector (Federal Acquisition Institute, 2016). The specific differences that are adopted for the different types of contracts include aspects such as the number of units of the product or service from the particular industry being included in the contract, the price per unit and total cost, and performance and maintenance as well as quality standards (Federal Acquisition Institute, 2016).

The COR plays important roles within organization, the first training entails theoretical education aimed at ensuring that they are able to identify and understanding the specific roles that CORs play (Federal Acquisition Institute, 2016). This is a classroom training that makes them competent to take up active positions which allow them to learn even more while on-the-job. The theoretical classroom training also accords the COR with relevant knowledge as well as time and resource that will prepares them to perform the COR roles (Federal Acquisition Institute, 2016). Another important learning requirement that they have is the identification of how well they may be able to communicate with others within their roles. This enhances their ability to engage in collaborative efforts (Federal Acquisition Institute, 2016).

The other work experience other than the classroom setting is the on-the-Job training and continuous learning (Federal Acquisition Institute, 2016). On-the-job training entails the students learning how to engage in different aspects of their roles within the work setting. This is both effective and relevant and it entails the COR gaining considerable experiences that make them better at their roles (Federal Acquisition Institute, 2016). There is also the continuous learning work experience. This is by far the most efficient work experience that meets the requirements of training COR (Federal Acquisition Institute, 2016). Continuous learning allows COR to learn from both on-the-job experiences and classroom education. This is why it is the most effective and preferred when it comes to training needs requirements (Federal Acquisition Institute, 2016).