Contracting Officer must not: (i) The contracting officer shall limit requests for sales data relating to commercial products or commercial services to data for the same or similar items during a relevant time period. The Government has a continuing and direct financial interest in such payments that is unaffected by the initial agreement on prime contract price. (5) Field pricing information and other reports may include proprietary or source selection information (see 2.101). determine whether the completed supplies and services, DIFFERENCE BETWEEN ACTUAL/EXPRESS, IMPLIED, AND APPARENT AUTHORITY: Which of the following individuals has expressed authority, RECOGNIZE THE IMPORTANCE OF COMPETITION: The __ is the statutory requirement that ensures, RECOGNIZE ETHICS REGULATIONS PROCUREMENT PERSONNEL: Which of the following would not be fraudulent, . Conditions that may affect the agreements validity shall be reported promptly to the ACO. The following five steps should be considered when completing a PPA: Step 1: Determine the fair value of consideration paid; Step 2: Revalue all existing assets and . 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE Sole Source Chapter 3 LS Flashcards | Chegg.com walkerstalkerfanfest.com PART 2--DEFINITIONS OF WORDS AND TERMS
Enter all costs incurred under the contract before starting production and other nonrecurring costs (usually referred to as startup costs) from your books and records as of the cutoff date. The audit office shall send the audit report, or otherwise transmit the audit recommendations, directly to the contracting officer. shall be commensurate with the complexity and dollar value of the acquisition. (i) Consider the availability of alternative contract vehicles and the feasibility of contracting directly with a subcontractor or subcontractors that will perform the bulk of the work. Environmental Valuation | Sustainability: A Comprehensive Foundation See 86 Fed. How is it computed? trade-offs made or relied on by the KO, including benefits associated with additional costs. DoD, GSA, and NASA published an interim rule in the Federal Register at 75 FR 34277 on June 16, 2010, to implement section 826, Market Research, of the National Defense Authorization Act for Fiscal Year 2008 ( Pub. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. ATM product sales and other revenues. Tradeoffs (i) Obtain whatever data are available from Government or other secondary sources and use that data in determining a fair and reasonable price; (ii) Require submission of data other than certified cost or pricing data, as defined in 2.101, from the offeror to the extent necessary to determine a fair and reasonable price ( 10 U.S.C. On January 1, 2012, Solis Co. issued its 10% bonds in the face amount of $4,000,000, which mature on January 1, 2022. Actual annual usage was 5,500 hours . Limited competition required to meet requirements (3) Court decision. (3) Upon the request of a contractor that was required to submit certified cost or pricing data in connection with a prime contract entered into before July 1, 2018, the contracting officer shall modify the contract, without requiring consideration, to reflect a $2 million threshold for obtaining certified cost or pricing data on subcontracts entered on and after July 1, 2018. 1.5 Agency and Public Participation
L. 85-804 shall be accomplished as expeditiously as practicable, consistent with the care, restraint, and . Its title or full text. Attach a detailed inventory of work, materials, parts, components, and hardware already purchased, manufactured, or performed and deleted by the change, indicating the cost and proposed disposition of each line item. ASD will maintain the site. (C) There is no finding that the price of the otherwise successful offeror is unreasonable. Price Changes. What are the response times for commercial items and R&D? 2377. When certification is required, the contracting officer may require submission of certified cost or pricing data in the format indicated in Table 15-2 of 15.408, specify an alternative format, or permit submission in the contractors format (See 15.408(l)(1)), unless the data are required to be submitted on one of the termination forms specified in subpart 49.6. (3) The name, position, and organization of each person representing the contractor and the Government in the negotiation. (i) A price is based on adequate price competition when (A) Two or more responsible offerors, competing independently, submit priced offers that satisfy the Government's expressed requirement; (B) Award will be made to the offeror whose proposal represents the best value (see 2.101) where price is a substantial factor in source selection; and However, the auditor may discuss statements of facts with the contractor. This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. Also show how the costs would be allocated to the units at their various stages of contract completion. Who were the models in Van Halen's finish what you started video? -Description of the supply/service . Contracting officers shall -. Accounting 210 Final, Ch. 5-8 Flashcards | Quizlet b. The contracting officer shall-. Acquholllon DEVELOP SIJ'8tegy rl Date, quantity, and dollar value of items received into inventory 9. What are the maximum amount of years for a service or supply contracts? Use of cutoff dates coinciding with reports is acceptable, as certain data may not be reasonably available before normal periodic closing dates (e.g., actual indirect costs). s. tatutory authority. cASM employs a customizable workflow for reviews and approvals prior to execution by the Contingency Contracting Officer, thus reducing coordination time and potentially hazardous travel in . , when the estimated value equals or exceeds $25,000, but is less than $182,000 , unless an exception at FAR 25.401 or 225.401 applies. Furnish experienced unit or lot costs (or labor hours) from inception of contract to the cutoff date, improvement curves, and any other available production cost history pertaining to the item(s) to which your proposal relates. In addition, the contracting officer should request data to determine the cost realism of competing offers or to evaluate competing approaches. (C) In evaluating assumption of cost risk, contracting officers shall, except in unusual circumstances, treat time-and-materials, labor-hour, and firm-fixed-price, level-of-effort term contracts as cost-plus-fixed-fee contracts. (6) Percentage or dollar rate of royalty per unit. This factor should compensate contractors proportionately for assuming greater cost risks. (2) Unless prohibited because an exception at 15.403-1(b) applies, the head of the contracting activity, without power of delegation, may authorize the contracting officer to obtain certified cost or pricing data for pricing actions below the pertinent threshold in paragraph (a)(1) of this subsection, provided the action exceeds the simplified acquisition threshold. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition: . This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. , when the estimated value equals or exceeds $25,000, but is less than $182,000 , unless an exception at FAR 25.401 or 225.401 applies. 1.1 Purpose, Authority, Issuance
8(a) Programs In addition, the construction cost component of PIPs is increasing rapidly as a result of the . 1. Date and number of inventory requisition 10. no, the tickets exceed the . This subpart prescribes the cost and price negotiation policies and procedures for pricing negotiated prime contracts (including subcontracts) and contract modifications, including modifications to contracts awarded by sealed bidding. A fair and reasonable price does not require that agreement be reached on every element of cost, nor is it mandatory that the agreed price be within the contracting officers initial negotiation position. Contracting officers shall obtain data other than certified cost or pricing data from the offeror or contractor for all acquisitions (including commercial acquisitions), if that is the contracting officers only means to determine the price to be fair and reasonable. The FAR Matrix is located in what FAR Part? Why does Gary Soto's work seem autobiographical? They are available via the internet at http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html. each acquisition of suppliesor services that has an anticipated dollar value above the micro-purchasethreshold, but not over the simplified acquisition threshold, shall beset aside for small business unless the contracting officer determinesthere is not a reasonable expectation of obtaining offers from twoor more responsible small business 1. (7) The Air Force Institute of Technology (AFIT) and the Federal Acquisition Institute (FAI) jointly prepared a five-volume set of Contract Pricing Reference Guides to guide pricing and negotiation personnel. Column (4) minus Column (5) equals Column (6). Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. Determination of contract type should be closely related to the risks involved in timely, cost-effective, and efficient performance. (4) Waivers. Requirements Contracts See HHSAR 306.304(a)(1) and 313.501(a)(2)(i) for additional information regarding CO approval of a JOFOC in this dollar range. 6.302-2 - Unusual and compelling urgency -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) ARB Coordinator. You must also submit any data other than certified cost or pricing data obtained from a subcontractor, either actually or by specific identification, along with the results of any analysis performed on that data. fiscal policy. March 31, 2021. (5) If there is more than one prospective subcontractor for any given work, the contractor need only submit to the Government certified cost or pricing data for the prospective subcontractor most likely to receive the award. estimated value, etc., will not be made until each procurement is initiated. For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . 6.303-3 Industrial mobilization; engineering, developmental, or research capability; or expert services Justification and Approval (J&A)/Sole Source. (i) In addition to the price adjustment, the Government is entitled to recovery of any overpayment plus interest on the overpayments. 3322(b) and 41 U.S.C. true. All responsible sources permitted to compete Full and Open Competition What is the pre-solicitation published time? When residual inventory exists, the final costs established under fixed-price-incentive and fixed-price-redeterminable arrangements should be net of the fair market value of such inventory. Price analysis may include evaluating data other than certified cost or pricing data obtained from the offeror or contractor when there is no other means for determining a fair and reasonable price. Match. (v) Comparison of proposed prices with independent Government cost estimates. When an overhead should-cost review is conducted, a separate audit report is required. If the prospective contractor does not propose facilities capital cost of money in its offer, the contracting officer shall insert the clause at 52.215-17, Waiver of Facilities Capital Cost of Money, in the resulting contract. Quantity deleted from inventory 11. (iii) The Government shall not disclose outside the Government data obtained relating to commercial products or commercial services that is exempt from disclosure under 24.202(a) or the Freedom of Information Act ( 5U.S.C.552(b)). (i) Any acquisition that the contracting officer determines meets the commercial product or commercial service definition in 2.101, or any modification, as defined in paragraph (3)(i) of the commercial product definition, that does not change a commercial product to other than commercial, is exempt from the requirement for certified cost or pricing data. (3) Cost realism analyses may also be used on competitive fixed-price incentive contracts or, in exceptional cases, on other competitive fixed-price-type contracts when new requirements may not be fully understood by competing offerors, there are quality concerns, or past experience indicates that contractors proposed costs have resulted in quality or service shortfalls. Trade shows Which of the following individuals has expressed authority to enter into and administer contracts and is responsible for ensuring? This factor measures the degree of support given by the prospective contractor to Federal socioeconomic programs, such as those involving small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, women-owned small business concerns, veteran-owned, HUBZone, service-disabled veteran-owned small business concerns, sheltered workshops for workers with disabilities, and energy conservation. Instead, these reviews evaluate the economy and efficiency of the contractors existing work force, methods, materials, equipment, real property, operating systems, and management. The services contracting that the Gov. When a program should-cost review is conducted relative to a contractor proposal, a separate audit report on the proposal is required. This potential remuneration element and the Governments estimate of allowable costs to be incurred in contract performance together equal the Governments total prenegotiation objective. 74,528 (December 30, 2021). The probable cost shall be used for purposes of evaluation to determine the best value. assignment standards and adequately supports the value estimate, and specifically Question One The correct answer is Report to supervisor. (3) Commercial products and commercial services. (1) If, after award, certified cost or pricing data are found to be inaccurate, incomplete, or noncurrent as of the date of final agreement on price or an earlier date agreed upon by the parties given on the contractor's or subcontractor's Certificate of Current Cost or Pricing Data, the Government is entitled to a price adjustment, including profit or fee, of any significant amount by which the price was increased because of the defective data. Set-Asides for Small Business Concerns (c) Overhead should-cost review. Commercial Sources, Multi-agency contracts (MACs): The phases of the services acquisition process are. The KO must exercise the option prior to end date of the current period of performance. Disposition of the action should be documented. This is because the act is one of potential fraud. eCFR :: 48 CFR Part 7 Subpart 7.1 -- Acquisition Plans (FAR Subpart 7.1) Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of$9,000. Acquisition Detail - purchase order number, donation source or gift source 9. Explain the basis for each estimate and how the costs are charged on your accounting records (e.g., included in production costs as direct engineering labor, charged to manufacturing overhead). They are to be used for instruction and professional guidance. -Price competition accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . If there are such data, the contracting officer shall attempt to obtain and use them in the negotiations or make satisfactory allowance for the incomplete data. Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? 6.302-5 - Authorized or required by statute (2) Cost realism analyses shall be performed on cost-reimbursement contracts to determine the probable cost of performance for each offeror. This is because the act is one of potential fraud. 2. In addition, consideration should be given to measures taken by the prospective contractor that result in productivity improvements, and other cost-reduction accomplishments that will benefit the Government in follow-on contracts. PDF Active Feature-Value Acquisition - University of Iowa (ii) The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor were required to furnish certified cost or pricing data (but see waivers at 15.403-1(c)(4)). Policy Depending on your system, you must provide breakdowns for the following basic cost elements, as applicable: (2) All Other. The Services Acquisition Process includes planning, development and execution. The dollar value will be supported by appropriate documentation. Unless an exception from the requirement to obtain certified cost or pricing data applies under 15.403-1(b)(1) or (b)(2), at a minimum, the contracting officer shall obtain appropriate data, without certification, on the prices at which the same or similar items have previously been sold and determine if the data is adequate for evaluating the reasonableness of the price.