When does the Service Contract Act of 1965 apply? Sources and Competition Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . Such information shall be used to determine whether the intrinsic value of an item has been distorted through application of overhead and whether such items should be considered for breakout. Policy (ii) When it is necessary to have written technical and audit reports, the contracting officer shall request that the audit agency concurrently forward the audit report to the requesting contracting officer and the administrative contracting officer (ACO). 2. Acquisition planning commences with a legislated directive or when a concept or a need is identified. The contracting officer may use market research conducted within 18 months before the award of any task or delivery order if the information is still current, accurate, and relevant. c. Verify that required department of labor and equal employment opportunity documents are posted in view of employees, In the interval between the release of the solicitation and contract award, all contact with potential or actual offerors, relating to a certain acquisition, should be coordinated through, The ________ is the automated contracting system that standardizes procurement processes across DoD. . "Make item," as used in this subsection, means an item or work effort to be produced or performed by the prime contractor or its affiliates, subsidiaries, or divisions. Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. From 1993 to 2001, Cisco acquired 71 companies, at an average price of approximately $350 million. (5) When a program should-cost review is planned, the contracting officer should state this fact in the acquisition plan or acquisition plan updates (see subpart 7.1) and in the solicitation. Before applying profit or fee factors, the contracting officer shall exclude from the pre-negotiation cost objective amounts the purchase cost of contractor-acquired property that is categorized as equipment, as defined in FAR 45.101, and where such equipment is to be charged directly to the contract. (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] (*. Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of$9,000. In addition, provide a summary of your cost analysis and a copy of certified cost or pricing data submitted by the prospective source in support of each subcontract, or purchase order that is the lower of either $15 million or more, or both more than the pertinent certified cost or pricing data threshold and more than 10 percent of the prime contractor's proposed price. (2) Audit and field pricing information, whether written or reported telephonically or electronically, shall be made a part of the official contract file (see 4.803(a)(19)). However, because of the potential impact on small business participation, before conducting an acquisition that is a consolidation of requirements with an estimated total dollar value exceeding $2 million, the senior procurement executive (SPE) or chief acquisition officer (CAO) shall make a written determination that the consolidation is . (4) General access to the offerors books and financial records is limited to the auditor. At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. (i) In addition to the price adjustment, the Government is entitled to recovery of any overpayment plus interest on the overpayments. Give an example of a halo effect in marketing. ARCHIVED 2029 00 (2005-06-10) General Conditions - Goods or Services (Low Dollar Value) Remarks: Use the following general conditions for Low Dollar Value Competitive and Non-Competitive requirements, for goods or services. Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. In order to afford an opportunity for corrective action, the contracting officer should give the prime contractor reasonable advance notice before determining to reduce the prime contract price. What is the Competition Advocate and what are they responsible for? Planning the purchase should begin at the earliest practicable time. plan, develop, execute. Negotiation of extremely low profits, use of historical averages, or automatic application of predetermined percentages to total estimated costs do not provide proper motivation for optimum contract performance. Competition in Contracting Act (CICA) True or False False (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. What is Other than Full and Open Competition? Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. Enter in Column (9) the production costs from your books and records (exclusive of preproduction costs reported in Column (8)) of the units completed as of the cutoff date. Public Works and Government Services Canada 01 Interpretation 02 Standard Conditions and Clauses 03 Status of the Contractor 04 Inspection, permitting other than full and open competition. Quarterly B. accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . If release of the information would compromise Government security or disclose trade secrets or confidential business information, the contracting officer shall release it only under conditions that will protect it from improper disclosure. . ARB . acquisition costs proposed is in excess of $1 million, 10 percent of all remaining . Depending on the brand and quality level of the asset, these figures can also be higher. The contracting officer shall not require certified cost or pricing data to support any action (contracts, subcontracts, or modifications) (but may require data other than certified cost or pricing data as defined in FAR 2.101 to support a determination of a fair and reasonable price or cost realism). commercial item? (b) Exceptions to certified cost or pricing data requirements. (2) In arriving at a price adjustment, the contracting officer shall consider the time by which the certified cost or pricing data became reasonably available to the contractor, and the extent to which the Government relied upon the defective data. When any of the costs in this column have already been incurred (e.g., under a letter contract), describe them on an attached supporting page. (4) Replace the basic clause with its Alternate IV if certified cost or pricing data are not expected to be required because an exception may apply, but data other than certified cost or pricing data will be required as described in 15.403-3. What type of contract must be awarded for a 2. (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 52.215-12, Subcontractor Certified Cost or Pricing Data, with its Alternate I. 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). (iv) Capital investments. In pricing production of recently developed complex equipment, the contracting officer should perform a trend analysis of basic labor and materials, even in periods of relative price stability. Active Feature-value Acquisition 2.1. The Government is also entitled to penalty amounts on certain of these overpayments. The fees are additional dollars paid to the contractor based upon the contractor meeting or . CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition: . (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. After completing the negotiation, the contracting officer shall provide the ACO a report of any identified uneconomical or inefficient practices, together with a report of correction or disposition agreements reached with the contractor. Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. -Agency identification (ii) The Government proves that the facts demonstrate that the price would not have increased in the amount to be offset even if the available data had been submitted before the "as of" date specified on the Certificate of Current Cost or Pricing Data. -Helps the agency to meet their small business goals Such offsets need not be in the same cost groupings (e.g., material, direct labor, or indirect costs). The SAT can vary depending on the particular acquisition situation. (2) Price analysis shall be used when certified cost or pricing data are not required (see paragraph (b) of this subsection and 15.404-3). (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. CHAPTER 35). (d) Profit-analysis factors-. Research, Development, Test and Evaluation (RDT&E) - 2 years 1.2 Administration Amount of info already available. Base year plus 4 option years (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. (v) Review to determine whether any cost data or pricing data, necessary to make the offerors proposal suitable for negotiation, have not been either submitted or identified in writing by the offeror. Begins when legislation is passed or an executive order is issued that requires regulatory implementation However, the findings and recommendations of the overhead should-cost team, or any separate overhead should-cost review report, shall be provided to the ACO. Assume that the estimated productive life of the machine was 16,000 hours. estimated value, etc., will not be made until each procurement is initiated. 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. Ant Fileset Multiple Directories, (e) Subcontractor Certified Cost or Pricing Data-Modifications. Question Two The correct answer is True It is a policy that encourages competition for contracts of government to improve savings through pricing that is competitive. (i) The contracting officer shall not negotiate a price or fee that exceeds the following statutory limitations, imposed by 10 U.S.C. When prospective contractors are required to submit proposed make-or-buy programs, the solicitation shall include-, (1) A statement that the program and required supporting information must accompany the offer; and. Option was synopsized IAW FAR Part 5 (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. 3505(b)). (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. Computing Depreciation under Alternative Methods. These references provide detailed discussion and examples applying pricing policies to pricing problems. This subfactor measures the contribution of direct engineering, manufacturing, and other labor to converting the raw materials, data, and subcontracted items into the contract items. The contractor assumes the least cost risk in a cost-plus-fixed-fee level-of-effort contract, under which it is reimbursed those costs determined to be allocable and allowable, plus the fixed fee. How do you determine whether a particular policy or procedure stated in the FAR applies to a given acquisition? (d) Change order authority.Contracting officers may authorize COR change order authority in accordance with the limitations in . Price means cost plus any fee or profit applicable to the contract type. The requirements apply as a matter of policy to other Federal agencies. 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. Contracting officers shall -. . Field pricing assistance is generally available to provide-. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . A method to calculate non-operating income A. (a) The prenegotiation objectives establish the Governments initial negotiation position. Date and number of inventory requisition 10. no, the tickets exceed the . Current Projects. Reference (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] Reg. Government? Requiring certified cost or pricing data (10 U.S.C. The dollar value will be supported by appropriate documentation. This clause also provides instructions to contractors on how to request an exception from the requirement to submit certified cost or pricing data. (1) The requirements of this paragraph (h) are applicable to all agencies. (a) General. To support a make-or-buy program, the following information shall be supplied by the contractor in its proposal: (1) Items and work included. . for supplies or services currently being provided by a small business and the proposed acquisition is of a quantity or estimated dollar value, the magnitude of which makes it unlikely that small businesses can compete . "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 . Considering the hierarchy at 15.402, the contracting officer shall insert the clause at 52.215-21, Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications, in solicitations and contracts if it is reasonably certain that certified cost or pricing data or data other than certified cost or pricing data will be required for modifications.
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