depending upon the estimated dollar value of the acquisition

(1) Adequate price competition. There are also certain dollar thresholds that trigger specialised treatment or procedures under the FAR. (2) The Government may use various cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition. (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. However, the auditor may discuss statements of facts with the contractor. the civilian agency acquisition council and the defense acquisition regulations council (councils) are proposing to amend the federal acquisition regulation (far) to delineate the process for determining and resolving the cost impact on contracts and subcontracts when a contractor makes a compliant change to a cost accounting practice or follows , when the estimated value equals or exceeds $25,000, but is less than $191,000 , unless an exception at FAR 25.401 or 225.401 applies. -Contracting Officer SHALL NOT commence sole source negotiations without a J&A 2. Cisco Systems, the network product and services company (with $49 billion in revenue in 2013), used acquisitions of key technologies to assemble a broad line of network-solution products during the frenzied Internet growth period. The ARB Coordinator will schedule and facilitate ARB The phases of the services acquisition process are. (a) When certified cost or pricing data are required, the contracting officer shall require the contractor to execute a Certificate of Current Cost or Pricing Data, using the format in this paragraph, and must include the executed certificate in the contract file. Law The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. -Helps the agency to meet their small business goals The contracting officer may incorporate the make-or-buy program in negotiated contracts for-, (1) Major systems (see part 34) or their subsystems or components, regardless of contract type; or, (i) The contract is a cost-reimbursable contract, or a cost-sharing contract in which the contractors share of the cost is less than 25 percent; and. A widely used method of measuring operating effectiveness Financial statements should be reviewed A. 6.302-6 - National security Determine the value of capital assets in the following manner: 30.20.10.a Purchased assets.Use historical costs including all nonrefundable purchase taxes (e.g., sales taxes), and all appropriate ancillary costs less any trade discounts or rebates. (3) Court decision. (4) General access to the offerors books and financial records is limited to the auditor. Contracting Officers shall provide for full and open competition If the ACO determines that a changed condition invalidates the agreement, the ACO shall notify all interested parties of the extent of its effect and status of efforts to establish a revised FPRA. Acquisition premium represents the increased . -Service contract (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. What is the method of procurement and synopsis for a requirement over $25K, Purchase Order and advertised on FedBizOpps/ASFI, What is the method of procurement and synopsis for a requirement > SAT, Contract and advertised on FedBizOpps/ASFI, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. prefers not to use Make negotiated equitable adjustments and definitize change orders, Provide technical direction that does not change the contract in accordance with the Letter of designation received from the Contracting officer. (iv) Comparison with competitive published price lists, published market prices of commodities, similar indexes, and discount or rebate arrangements. What are the two basic types of contracts? -Excess from other agencies (A) The necessity for, and reasonableness of, proposed costs, including allowances for contingencies; (B) Projection of the offerors cost trends, on the basis of current and historical cost or pricing data; (C) Reasonableness of estimates generated by appropriately calibrated and validated parametric models or cost-estimating relationships; and. This includes requiring data from an offeror to support a cost realism analysis; (iii) Consider whether cost data are necessary to determine a fair and reasonable price when there is not adequate price competition; (iv) Require that the data submitted by the offeror include, at a minimum, appropriate data on the prices at which the same item or similar items have previously been sold, adequate for determining the reasonableness of the price unless an exception under 15.403-1(b)(1) or (2) applies; and. When there is a repetitive need for supplies or services. and depending on the size of the acquisition or disposition, may require . 1.7 Determinations and Findings The FAR Matrix is located in what FAR Part? Fixed price contracts 100% Contractor Civilian agencies, other than NASA, must furnish copy of approved deviation to the FAR Secretariat, Affect only one contract action (3) An offer may be rejected if the contracting officer determines that the lack of balance poses an unacceptable risk to the Government. (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. However, when significant audit or other specialist recommendations are not adopted, the contracting officer should provide rationale that supports the negotiation result in the price negotiation documentation. Apache/2.4.38 (Debian) Server at walkerstalkerfanfest.com Port 80 plan, develop, execute . (2) The contractors format for submitting the data should be used (see 15.403-5(b)(2)). the contracting officer or the source selection authority INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. What are Determination and Findings (D&F)? FAR 5.101(a)(1) Proposed contract actions expected to exceed $25,000synopsize in GPE (Government-wide Point of Entry), Item that has been or will be sold to the general public; may required minor government directed modifications. (5) Brief description (including any part or model numbers of each contract item or. (C) Conversion-related indirect costs. -Sufficient justification for the authority cited Consent to subcontracts and review of contractors purchasing systems are separate actions covered in part 44. Government -wide acquisition contracts (GWACS): (i) Relied on the certified cost or pricing data submitted and used them in negotiating the price; (ii) Recognized as inaccurate, incomplete, or noncurrent any certified cost or pricing data submitted; the action taken by the contracting officer and the contractor as a result; and the effect of the defective data on the price negotiated; or. Determination and Findings, Multi-year contract" means a contract for the purchase of supplies or services for more than 1, but not more than 5, program years. PART 2--DEFINITIONS OF WORDS AND TERMS Actual annual usage was 5,500 hours . Healy, Palepu, and Ruback (1997) argue that advantages of using a sample of large acquisitions over a random sample include (1) the dollar value of the Quantity deleted from inventory 11. assignment standards and adequately supports the value estimate, and specifically and WHITEHOUSE STATION, N.J., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Murphy USA announced an agreement to acquire QuickChek Corporation ("QuickChek") in an all-cash transaction for . Request for Quotation - Simplified Acquisition Procedures - FAR Part 13 8(a) Programs Each contract action with a total estimated absolute value of $500,000 or greater (*. The clauses give the Government the right to a price adjustment for defects in certified cost or pricing data submitted by the contractor, a prospective subcontractor, or an actual subcontractor. Justification and agency approval must be documented in the contract file. (iii) Use the clause 52.215-23 with its Alternate I when the contracting officer determines that the prospective contractor has demonstrated that its functions provide added value to the contracting effort and there are no excessive pass-through charges. Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. (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. 1.2 Administration 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 . This form also must be completed before the program official submits the purchase request (PR) package to the Procurement Office. This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. s. tatutory authority. (i) Contractor effort. See 86 Fed. ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) Estimated Capacity based upon POW = $250,000 . (i) Except as provided in paragraph (n)(2)(ii), the contracting officer shall insert the clause 52.215-23, Limitations on Pass-Through Charges, in solicitations and contracts including task or delivery orders as follows: (A) For civilian agencies, insert the clause when-, (1) The total estimated contract or order value exceeds the simplified acquisition threshold as defined in section 2.101 and, (2) The contemplated contract type is expected to be a cost-reimbursement type contract as defined in subpart 16.3; or, (1) The total estimated contract or order value exceeds the threshold for obtaining cost or pricing data in 15.403-4; and, (2) The contemplated contract type is expected to be any contract type except-. 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. (5) When modifying a contract or subcontract for commercial products or commercial services (see standards in paragraph (c)(3) of this section). In addition, by providing rationale for any recommendations and quantifying their impact on cost, the Government will be better able to develop realistic objectives for negotiation. Option is the most advantageous method of fulfilling the need Enter those necessary and reasonable costs that in your judgment will properly be incurred in completing the remaining work to be performed under the contract with respect to the item(s) to which your proposal relates. This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. 3322(b) and 41 U.S.C. (B) Conversion direct labor. What is the Competition Advocate and what are they responsible for? (j)Reviewing and approving acquisition plans and revisions to these plans to The forecast data is for planning purposes only, does not represent a presolicitation synopsis, does not constitute an invitation for bid or request for proposal, and is not a commitment by the Government to purchase the described supplies and services. )Assumes plantcane crop is sold, and . (2) Agencies may use another agencys structured approach. The Contracting Officer may require you to submit cost or pricing data in support of proposals in lower amounts. Designated at the agency and each procuring activity and responsible for: What are the maximum amount of years for a service or supply contracts? The choice of contract type to be used in a solicitation depends on the: The COR will be evaluating a contractor's performance using the ____, As a COR, establishing a joint partnership with your contacting officer is critical for ensuring mission success, as is establishing a professional relationship with your contractor. Prohibition on obtaining certified cost or pricing data (10 U.S.C. chapter 271 and 41 U.S.C. (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. The extent of planning and research will vary, depending on such factors as estimated dollar value, complexity, and Increase in Equity Value. Total Holdings Value is calculated by taking the most recent acquisition or disposal transaction for each distinct ticker value of Insider Filings transactions . (ii) For agencies other than DoD, NASA, and the Coast Guard, a price is also based on adequate price competition when, (A) There was a reasonable expectation, based on market research or other assessment, that two or more responsible offerors, competing independently, would submit priced offers in response to the solicitation's expressed requirement, even though only one offer is received from a responsible offeror and if-, (1) Based on the offer received, the contracting officer can reasonably conclude that the offer was submitted with the expectation of competition, e.g., circumstances indicate that, (i) The offeror believed that at least one other offeror was capable of submitting a meaningful offer; and, (ii) The offeror had no reason to believe that other potential offerors did not intend to submit an offer; and, (2) The determination that the proposed price is based on adequate price competition and is reasonable has been approved at a level above the contracting officer; or. (c) Contracting officer responsibilities. Because profit or fee is only one of several interrelated variables, the contracting officer shall not agree on profit or fee without concurrent agreement on cost and type of contract. What are the 7 Statutory Exceptions to Full and Open Competition? These reviews are accomplished by a multi-functional team of Government contracting, contract administration, pricing, audit, and engineering representatives. (i) Whenever circumstances permit, the contracting officer and field pricing experts are encouraged to use telephonic and/or electronic means to request and transmit pricing information. L. 110-181 ). Requiring certified cost or pricing data (10 U.S.C. This entitlement is ensured by including in the contract one of the clauses prescribed in 15.408(b) and (c) and is set forth in the clauses at 52.215-10, Price Reduction for Defective Certified Cost or Pricing Data, and 52.215-11, Price Reduction for Defective Certified Cost or Pricing Data-Modifications. Commercial Sources, Multi-agency contracts (MACs): (3) Contract actions awarded pursuant to subparts 19.5, 19.8, 19.13, 19.14, or 19.15 are exempt from the requirements of this paragraph (h) (see section 1615 of the National Defense Authorization Act for Fiscal Year 2014 (Pub. Any method of distributing costs to line items that distorts the unit prices shall not be used. Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? Estimated Capacity based upon POW = $250,000 . estimated value, etc., will not be made until each procurement is initiated. Depending upon decisions made during the planning phase, the procurement may be informal or formal; the selected competition method may be a phone call, or a written solicitation document. What are the dollar thresholds for J&A approval? On January 1, 2012, Solis Co. issued its 10% bonds in the face amount of $4,000,000, which mature on January 1, 2022. Set-Asides for Small Business Concerns (2) When the price negotiation is based on cost analysis, contracting officers in agencies that have a structured approach shall use it to analyze profit. Phasos of the Services Acquisrt:ion Procoss 4 Reqmr.menls Oeflndlon 5. The contractor shall update subcontractors data, as appropriate, during source selection and negotiations. 30 day response time except for commercial items, services, and construction Price adjustment amounts must consider both increases and decreases (e.g., a $500,000 modification resulting from a reduction of $1,500,000 and an increase of $1,000,000 is a $2,500,000 pricing adjustment exceeding the $2,000,000 threshold). The prime contractor is responsible for updating a prospective subcontractors data. 12,816. (2) Under cost-reimbursement contracts and under all fixed-price contracts except firm-fixed-price contracts and fixed-price contracts with economic price adjustment, payments to subcontractors that are higher than they would be had there been no defective subcontractor certified cost or pricing data shall be the basis for disallowance or nonrecognition of costs under the clauses prescribed in 15.408(b) and (c). adds more specific information to information stated in the FAR. When not using a structured approach, contracting officers shall comply with paragraph (d)(1) of this subsection in developing profit or fee prenegotiation objectives. This is because the act is one of potential fraud. 3701(2) and 41 U.S.C.3501(a)(3)). What is the Competition in Contracting Act (CICA)? If the HCA has waived the requirement for submission of certified cost or pricing data, the contractor or higher-tier subcontractor to whom the waiver relates shall be considered as having been required to provide certified cost or pricing data. Match. What is the Preferred Method to describe requirements? _______________________ strategies have become the preferred contracting method and require structuring all aspects of an acquisition around the purpose of the work to be performed. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. Sole Source 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. ".provide maximum practicable opportunities in [Government] acquisitions to small business, veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns. The amount of time necessary for the planning process is dependent upon the dollar value, risk, complexity, and criticality of the proposed purchase. (g) Incorporating make-or-buy programs in contracts. the parent combines the Equity In Subsidiary Earnings with the subsidiary company's revenues less expenses. x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. (j)Reviewing and approving acquisition plans and revisions to these plans to The stock price of both companies declined the day the deal was announced. Operations & Maintenance - 1 year 1. Competition Policy FAR 6.101 3705(b) and 41 U.S.C. (3) The contracting officer shall ensure that data used to support price negotiations are sufficiently current to permit negotiation of a fair and reasonable price. (vii) Other conditions (e.g., changes in accounting systems, management, or business activity). The SAT can vary depending on the particular acquisition situation. (1) When the program is to be incorporated in the contract and the design status of the product being acquired does not permit accurate precontract identification of major items or work efforts, the contracting officer shall notify the prospective contractor in writing that these items or efforts, when identifiable, shall be added under the clause at 52.215-9, Changes or Additions to Make-or-Buy Program. Looking for U.S. government information and services? The Office of Management and Budget (OMB), pursuant to section 5112(e) of the Information Technology Management Reform Act (ITMRA) and better known as the Clinger-Cohen Act, designates an Executive Agent to operate each GWAC. However, if there are unusual circumstances where it is concluded that additional data are necessary to determine the reasonableness of price, the contracting officer shall, to the maximum extent practicable, obtain the additional data from sources other than the offeror. In addition, the construction cost component of PIPs is increasing rapidly as a result of the . Plan of Action (1) Use the clause with its Alternate I to specify a format for certified cost or pricing data other than the format required by Table 15-2 of this section; (2) Use the clause with its Alternate II if copies of the proposal are to be sent to the ACO and contract auditor; (3) Use the clause with its Alternate III if submission via electronic media is required; and. . Such offsets need not be in the same cost groupings (e.g., material, direct labor, or indirect costs). Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. (b) Price each contract separately and independently and not-, (1) Use proposed price reductions under other contracts as an evaluation factor; or. evaluation is the primary/apex function of (1) the source selection process, (2) evaluation/acceptance criteria and a primary element of the acquisition strategy.the evaluation/examination/assessment involves the determination of an offeror's particular or special ability to perform well (" how well"); meet the non-cost factor capability The SAT can vary depending on the particular acquisition situation. The head of the contracting activity (HCA) may, without power of delegation, waive the requirement for submission of certified cost or pricing data in exceptional cases. Subject to the authorities in 1.301(c), agencies making noncompetitive contract awards over $100,000 totaling $50 million or more ayear-, (i) Shall use a structured approach for determining the profit or fee objective in those acquisitions that require cost analysis; and. (i) Technical, audit, and special reports associated with the cost elements of a proposal, including subcontracts; (ii) Information on related pricing practices and history; (iii) Information to help contracting officers determine commerciality and a fair and reasonable price, including-. ARB . furnished property is available and accounted for River Plantation Flood Map, Your personal and professional conduct influences the public's confidence in the federal acquisition process. Just as actual costs may vary from estimated costs, the contractors actual realized profit or fee may vary from negotiated profit or fee, because of such factors as efficiency of performance, incurrence of costs the Government does not recognize as allowable, and the contract type. (iii) Use of parametric estimating methods/application of rough yardsticks (such as dollars per pound or per horsepower, or other units) to highlight significant inconsistencies that warrant additional pricing inquiry. The contracting officer shall insert the provision at 52.215-16, Facilities Capital Cost of Money, in solicitations expected to result in contracts that are subject to the cost principles for contracts with commercial organizations (see subpart 31.2). CHAPTER 35). Overpayments do not result from amounts paid for contract financing, as defined in 32.001. Disposition of the action should be documented. . The ARB Coordinators will review packages, schedule and facilitate Pre-ARB and ARB meetings, capture discussions in board minutes, distribute minutes, and coordinate and document approvals/disapprovals. Enter your estimate for cost of work added by the change. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. (9) To the extent such direction has a significant effect on the action, a discussion and quantification of the impact of direction given by Congress, other agencies, and higher-level officials (i.e., officials who would not normally exercise authority during the award and review process for the instant contract action). In addition, the contracting officer should request data to determine the cost realism of competing offers or to evaluate competing approaches. (a) General. -Restrict solicitation to suppliers of well-known and widely distributed makes or brands. (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. What are the 4 major sources of law in Zimbabwe? Full and Open Competition the contracting officer or the source selection authority. 2.2.1 Xxxx Atlantic shall change the prices for Xxxx Atlantic Ancillary Services, from time -to-time, to the extent such change is required by Applicable Law, including, but not limited to, by regulation or order of the Commission, the FCC, or other governmental entity of appropriate jurisdiction. Whether incorporation by reference is or is not authorized (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)). 453.94 $46.38. Current Projects. Disposal - upgraded (list new serial number), transferred, sold or destroyed For acquisitions of supplies or services for supporting a contingency operation or facilitating defense against or recovery from nuclear, biological, chemical, or radiological attack, the SAT is (i) $800,000 . no, the tickets exceed the gratuity dollar threshold of $20, LIST FREQUENTLY USED CONTRACT TYPES: The choice of contract type to be used in a solicitation depends on, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The ___ is the document used to describe the work, - performance work statement or statement of work, IDENTIFY STEPS OF SERVICES ACQUISITION PROCESS: The phases of the services acquisition process are, IDENTIFY THE CORS ETHICAL RESPONSIBILITIES: You notice a contractor offering free lunch, IDENTIFY THE METHODS OF CONTRACTING: A blanket purchase agreement, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: The technical experts and nominated COR are usually involved in evaluating, IDENTIFY THE CATEGORIES OF CONTRACTS: A government preference is non-personal, x change a contractor employees duty hours, IDENTIFY ACTIVITIES PERFORMED IN PLANNING ACQUISITION: The Services Acquisition Process begins with planning, x acquisition planning, market research, acquisition strategy, LIST THE FREQUENTLY DELEGATED CONTRACT ADMINISTRATION DUTIES: when a contractor performs work beyond that required, POOR PERFORMANCE: You are monitoring a custodial contract (bathroom), ESTABLISHING/MAINTAINING COR FILE: As a matter of practice, when a COR holds a discussion, PERFORMANCE ASSESSMENT RESPONSIBILITIES: When assessing a contractor's performance, DUTIES AND FUNCTIONS OF A COR: Which of the following statements (false), IDENTIFY THE ELEMENTS OF CONTRACT PERFORMANCE MANAGEMENT: a properly written ____ focuses on the quality, quantity, timeliness etc, x quality assurance surveillance plan (QASP), EFFECTIVE ACQUISITION TEAM: Which selection best describes the preferred relationship, . (2) A description of the acquisition, including appropriate identifying numbers (e.g., RFP No.). 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). The Federal Acquisition Regulation (FAR): Answers to Frequently Asked Questions Congressional Research Service 1 Introduction The federal government is the largest buyer of goods and services in the world,1 and executive branch agenciesparticularly the Department of Defensemake most of these purchases.2 Many (although not all) acquisitions by executive branch agencies are subject to the .

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