(vi) A fixed-price incentive contract for the acquisition of a commercial product or commercial service. Wide Area Work Flow (WAWF) is a paperless contracting DOD wide application designed to eliminate paper form the receipts and acceptance process of the DOD. A solicitation used in negotiated procurements to communicate government requirements to prospective contractors and to solicit proposals or offers from is a/an? (2) 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 replace clause 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, with its Alternate I. (2) Format for submission of data other than certified cost or pricing data. accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . (iv) Volume of proposal activity. (vi) Analysis of the results of any make-or-buy program reviews, in evaluating subcontract costs (see 15.407-2). Data supporting forward pricing rate agreements or final indirect cost proposals shall be submitted in a form acceptable to the contracting officer. What are the five types of money and their purposes? Consequently, award of any lower-tier subcontract expected to exceed the certified cost or pricing data threshold requires the submission of certified cost or pricing data unless-, (i) An exception otherwise applies to the subcontract; or. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) (b)(1) The extent of market research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. If the contracting officer determines that a product or service claimed to be commercial is not, and that no other exception or waiver applies (e.g., the acquisition is not based on adequate price competition; the acquisition is not based on prices set by law or regulation; and the acquisition exceeds the threshold for the submission of certified cost or pricing data at 15.403-4(a)(1)) the contracting officer shall require submission of certified cost or pricing data. L. 110-181 ). When does the Service Contract Act of 1965 apply? FedBizOps (4) Patent application serial numbers, or other basis on which the royalty is payable. For example, distributing costs equally among line items is not acceptable except when there is little or no variation in base cost. "We laugh at [venture] firms that . D&F are used for Options. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. (1) At a minimum, the contracting officer must use price analysis to determine whether the price is fair and reasonable whenever the contracting officer acquires a commercial product or commercial service (see 15.404-1(b)). -Restrict solicitation to suppliers of well-known and widely distributed makes or brands. -Solicit quotations based on personal preference. 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. . Unless it is clearly inappropriate or not applicable, each factor outlined in paragraphs (d)(1)(i) through (vi) of this subsection shall be considered by agencies in developing their structured approaches and by contracting officers in analyzing profit, whether or not using a structured approach. (b) Program should-cost review. At least 15 days prior to solicitation or proposed contract action, FAR 5.101(a)(2) Proposed contract actions expected to exceed $15,000, but not expected to exceed $25,000by displaying in a public place, or by any appropriate electronic means. (i) Startup work, mobilization, first articles, or first article testing are separate line items; (ii) Base quantities and option quantities are separate line items; or. This is because the act is one of potential fraud. (C) There is no finding that the price of the otherwise successful offeror is unreasonable. The SAT can vary depending on the particular acquisition situation. Raw materials, commercial products, commercial services (see 2.101), and off-the-shelf items (see 46.101) shall not be included, unless their potential impact on contract cost or schedule is critical. In establishing the reasonableness of the offered prices, the contracting officer-, (1) Shall obtain certified cost or pricing data when required by 15.403-4, along with data other than certified cost or pricing data as necessary to establish a fair and reasonable price; or. Planning the purchase should begin at the earliest practicable time. This distinction between fact and judgment should be clearly understood. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. research? . Purchase Card and is not required to be advertised. (A) Use the basic clause in solicitations and contracts when the estimated value equals or exceeds $100,000, but is less than $182,000 [183, 000] (*. This factor should compensate contractors proportionately for assuming greater cost risks. They are available via the internet at http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html. What is the Preferred Method to describe requirements? (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. You, as a COR, are giving technical direction to the contractor. Price analysis should be used to verify that the overall price offered is fair and reasonable. Who is Katy mixon body double eastbound and down season 1 finale? (B) The contractor assumes the greatest cost risk in a closely priced firm-fixed-price contract under which it agrees to perform a complex undertaking on time and at a predetermined price. (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. Should the offeror/contractor again refuse to provide adequate data, or provide access to necessary data, the contracting officer shall withhold the award or price adjustment and refer the contract action to a higher authority, providing details of the attempts made to resolve the matter and a statement of the practicability of obtaining the supplies or services from another source. Column(5) minus Column(4) equals Column(6). Enter the number of units remaining to be completed under the contract. According to the JN+A and HVS Design Hotel Cost Estimating Guide for 201 9, the detailed cost average expense per room for a hotel guestroom renovation is $18,218. (iv) Comparison with competitive published price lists, published market prices of commodities, similar indexes, and discount or rebate arrangements. (ii) The contracting officer determines that technical or cost risks justify Government review and approval of changes or additions to the make-or-buy program. However, if the contracting officer has reason to believe exceptional circumstances exist and has sufficient data available to determine a fair and reasonable price, then the contracting officer should consider requesting a waiver under the exception at 15.403-1(b)(4). Obtain certified cost or pricing data from prospective sources for those acquisitions (such as subcontracts, purchase orders, material order, etc.) (c) The Governments cost objective and proposed pricing arrangement directly affect the profit or fee objective. Current Projects. (1) Cost realism analysis is the process of independently reviewing and evaluating specific elements of each offerors proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; reflect a clear understanding of the requirements; and are consistent with the unique methods of performance and materials described in the offerors technical proposal. (B) The partial termination settlement plus the estimate to complete the continued portion of the contract exceeds the pertinent threshold set forth at paragraph (a)(1) of this subsection (see 49.105(c)(15)). 2008-03, but is subject to change - see FAR 6.304(a)(1) and 13.501(a)(2)(i). 2. Tactical market research trade-offs made or relied on by the KO, including benefits associated with additional costs. The contractor shall update subcontractors data, as appropriate, during source selection and negotiations. 50% of the cash consideration payable by the Company for the Acquisition will be lent by Sure Victor to China Rongsheng, a subsidiary of Value Link and therefore a subsidiary of the Company upon . Enter the cutoff date required by the contract, if applicable. The ACO or the auditor, as appropriate, shall notify the contracting officer immediately if the data provided for review is so deficient as to preclude review or audit, or if the contractor or offeror has denied access to any records considered essential to conduct a satisfactory review or audit. Direct labor hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit; and 1. (3) The clauses referred to in paragraph (b)(1) of this subsection recognize that the Governments right to a price adjustment is not affected by any of the following circumstances: (i) The contractor or subcontractor was a sole source supplier or otherwise was in a superior bargaining position; (ii) The contracting officer should have known that the certified cost or pricing data in issue were defective even though the contractor or subcontractor took no affirmative action to bring the character of the data to the attention of the contracting officer; (iii) The contract was based on an agreement about the total cost of the contract and there was no agreement about the cost of each item procured under such contract; or. If the contractor had information reasonably available at the time of agreement showing that the negotiated price was not based on accurate, complete, and current data, the contractors responsibility is not limited by any lack of personal knowledge of the information on the part of its negotiators. Enter the difference between the contract amount and the redetermination proposal amount. Looking for U.S. government information and services? Identification of the justification rationale [see 8.405-6(a) and (b)] and, if applicable, a demonstration of the proposed contractor's unique qualifications to provide the required supply or service. (3) The contracting officer should request technical assistance in evaluating pricing related to items that are "similar to" items being purchased, or commercial products or commercial services that are of a type, or requiring minor modifications for commercial products, to ascertain the magnitude of changes required and to assist in pricing the required changes. (d) Subcontractor Certified Cost or Pricing Data. (1) The contracting officer should contact the cognizant audit office directly, particularly when an audit is the only field pricing support required. Therefore, the contracting officer should not become preoccupied with any single element and should balance the contract type, cost, and profit or fee negotiated to achieve a total result-a price that is fair and reasonable to both the Government and the contractor. 3703(a)(1)(A) and 41 U.S.C.3503(a)(1)(A)). The five guides are: I Price Analysis, II Quantitative Techniques for Contract Pricing, III Cost Analysis, IV Advanced Issues in Contract Pricing, and V Federal Contract Negotiation Techniques. Answer (1 of 4): You are correct. (ii) Both more than the pertinent certified cost or pricing data threshold and more than 10 percent of the prime contractors proposed price, unless the contracting officer believes such submission is unnecessary. At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. EL DORADO, Ark. (ii) Comparison of the proposed prices to historical prices paid, whether by the Government or other than the Government, for the same or similar items. Quantity deleted from inventory 11. (ii) May prescribe specific exemptions for situations in which mandatory use of a structured approach would be clearly inappropriate. Any method of distributing costs to line items that distorts the unit prices shall not be used. (1) Whether certified cost or pricing data are required; (2) That, in lieu of submitting certified cost or pricing data, the offeror may submit a request for exception from the requirement to submit certified cost or pricing data; (3) Any requirement for data other than certified cost or pricing data; and. (2) Limitations relating to commercial products or commercial services 10 U.S.C. When an overhead should-cost review is conducted, a separate audit report is required. 1. awarding a Time and Materials contract? assignment standards and adequately supports the value estimate, and specifically Question One The correct answer is Report to supervisor. There are many ways to value a business, which can yield widely varying results, depending upon the basis of each valuation method. "Upon closing this transaction, we will have acquired more than 55,000 net acres of highly productive, oil-weighted inventory in Howard and western Glasscock counties in just two years . While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. The FAR applies to all acquisitions as defined in the FAR, except where expressly excluded. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. 6.302-2 - Unusual and compelling urgency 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 . Cost reimbursement contracts. (4) Value analysis can give insight into the relative worth of a product and the Government may use it in conjunction with the price analysis techniques listed in paragraph (b)(2) of this section. (5) The contracting officer shall not require any prospective contractor to submit breakouts or supporting rationale for its profit or fee objective but may consider it, if it is submitted voluntarily.

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