(vii) Analysis of data other than certified cost or pricing data (as defined at 2.101) provided by the offeror. Increase in Value of Equity as ROE Increase. (i) The contracting officer shall not negotiate a price or fee that exceeds the following statutory limitations, imposed by 10 U.S.C. Column (4) minus Column (5) equals Column (6). Firm _____________________________________________, Signature _________________________________________, Name ____________________________________________, Title _____________________________________________, Date of execution***________________________________. (iii) Determined that an exception applied after the data were submitted and, therefore, considered not to be certified cost or pricing data. (iv) In the demand letter, the contracting officer shall separately include-. The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. Acquisition Considerations, An item that was developed expressly for government use, as long as the contractor paid for all of the developmental costs, and the item is sold in substantial quantities, on a competitive basis, to multiple government offices (State and Federal), minor modifications of a type not customarily available in the commercial marketplace to meet federal government requirements. -Price analysis Acquisition Detail - purchase order number, donation source or gift source 9. What is the Competition in Contracting Act (CICA)? (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. The contracting officer shall consider any new data submitted to correct the deficiency, or consider the inaccuracy, incompleteness, or noncurrency of the data when negotiating the contract price. (f) If Government audit discloses defective subcontractor certified cost or pricing data, the information necessary to support a reduction in prime contract and subcontract prices may be available only from the Government. (1) Should-cost reviews are a specialized form of cost analysis. 2377. PART 3--IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLIC, Required Sources of Supplies and Services. What are some of the factors to consider when b. experts as needed to develop the package, depending on the type of acquisition and the estimated dollar value. (d) Change order authority.Contracting officers may authorize COR change order authority in accordance with the limitations in . (B) In order to make this determination, the contracting officer may request the offeror to submit prices paid for the same or similar commercial services under comparable terms and conditions by both Government and commercial customers; and. The completed field pricing assistance results may reference audit information, but need not reconcile the audit recommendations and technical recommendations. When the amounts for work in process are not available in your records but reliable estimates for them can be made, enter the estimated amounts in Column (10) and enter in column (9) the differences between the total incurred costs (exclusive of preproduction costs) as of the cutoff date and these estimates. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. (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. (1) When a prime contractor includes defective subcontract data in arriving at the price but later awards the subcontract to a lower priced subcontractor (or does not subcontract for the work), any adjustment in the prime contract price due to defective subcontract data is limited to the difference (plus applicable indirect cost and profit markups) between the subcontract price used for pricing the prime contract, and either the actual subcontract price or the actual cost to the contractor, if not subcontracted, provided the data on which the actual subcontract price is based are not themselves defective. Option was synopsized IAW FAR Part 5 Cost - the cost of the purchased software 12. excluded. It was driven 18,000 miles in 2018 and 32,000 miles in 2019. The head of the contracting activity shall justify the requirement for certified cost or pricing data. Tactical market research . Planning the purchase should begin at the earliest practicable time. The ARB Coordinator will schedule and facilitate ARB The phases of the services acquisition process are. 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. 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. (b) Actions authorized under Pub. For acquisitions with a total estimated value of $100M or more, the SSA shall be an individual other than the PCO. ** Insert the day, month, and year when price negotiations were concluded and price agreement was reached or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price. Include the current estimates of what the cost would have been to complete the deleted work not yet performed (not the original proposal estimates), and the cost of deleted work already performed. This subfactor measures the managerial and technical effort needed to obtain the required purchased parts and material, subcontracted items, and special tooling. Subcontract (except as used in 15.407-2) also includes a transfer of commercial products or commercial services between divisions, subsidiaries, or affiliates of a contractor or a subcontractor ( 10 U.S.C. (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. (i) The probable cost may differ from the proposed cost and should reflect the Governments best estimate of the cost of any contract that is most likely to result from the offerors proposal. When this result is negative, place the amount in parentheses. The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-11, Price Reduction for Defective Certified Cost or Pricing DataModifications, in solicitations and contracts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4) for the pricing of contract modifications, and the clause prescribed in paragraph (b) of this section has not been included. 1.3 Agency Acquisition Regulations
Enter in Column (10) the costs of work in process as determined from your records or inventories at the cutoff date. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. What do the parents perceive as their role to the Day Care worker? . "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 . The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. 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 . (i) A firm-fixed-price contract awarded on the basis of adequate price competition; (ii) A fixed-price contract with economic price adjustment awarded on the basis of adequate price competition; (iii) A firm-fixed-price contract for the acquisition of a commercial product or commercial service; (iv) A fixed-price contract with economic price adjustment, for the acquisition of a commercial product or commercial service; (v) A fixed-price incentive contract awarded on the basis of adequate price competition; or. (a) The contracting officer is responsible for the determination of a fair and reasonable price for the prime contract, including subcontracting costs. GSA Advantage - Federal Supply Schedules. 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE 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. Set-Asides for Small Business Concerns 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. From 1993 to 2001, Cisco acquired 71 companies, at an average price of approximately $350 million. This right applies whether these data supported subcontract cost estimates or supported firm agreements between subcontractor and contractor. The information required from a contractor in a make-or-buy program shall be confined to those major items or work efforts that normally would require company management review of the make-or-buy decision because they are complex, costly, needed in large quantities, or require additional equipment or real property to produce. The subfactors in paragraphs (d)(1)(i)(A) through (D) of this subsection shall be considered in determining contractor effort, but they may be modified in specific situations to accommodate differences in the categories used by prospective contractors for listing costs-. 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. )Assumes plantcane crop is sold, and . 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. Quarterly B. Justification and agency approval must be documented in the contract file. trade-offs made or relied on by the KO, including benefits associated with additional costs. exceeding the threshold set forth in FAR 15.403-4 and not otherwise exempt, in accordance with FAR 15.403-1(b) ( i.e., adequate price competition, commercial products or commercial services, prices set by law or regulation or waiver). List of facts or justification What are the 7 Statutory Exceptions to Full and Open Competition? Unbalanced pricing exists when, despite an acceptable total evaluated price, the price of one or more line items is significantly over or understated as indicated by the application of cost or price analysis techniques. Broaden industry participation in meeting Government requirements; and From 2011-2015, Acadia's debt grew 66% compounded annually to $2.3 billion . For example, if certified cost or pricing data were furnished on previous production buys and the contracting officer determines such data are sufficient, when combined with updated data, a waiver may be granted. 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 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. Limited competition required to meet requirements (1) Format for submission of certified cost or pricing data. What is the cost of 5.55.55.5 pounds of chicken breasts if they cost $3.49\$3.49$3.49 per pound? (i) Contractor effort. (m) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications. (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. 45 day response time for R&D actions that exceed the SAT, Contracting Officers must publicize contract actions in order to Over $93 Million - Under Secretary of Defense for AL&T. 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. 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. The contracting officer should consider whether a contractor or subcontractor has an approved purchasing system, has performed cost or price analysis of proposed subcontractor prices, or has negotiated the subcontract prices before negotiation of the prime contract, in determining the reasonableness of the prime contract price. 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 . The FAR applies to all acquisitions as defined in the FAR, except where expressly excluded. 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, . When determination of a fair and reasonable price is based on price analysis, the summary shall include the source and type of data used to support the determination. -Federal Prison Industries, Inc. (Also known as UNICOR) 453.94 $46.38. (5) When modifying a contract or subcontract for commercial products or commercial services (see standards in paragraph (c)(3) of this section). The contracting officer shall insert the clause at 52.215-19, Notification of Ownership Changes, in solicitations and contracts for which it is contemplated that certified cost or pricing data will be required or for which any preaward or postaward cost determination will be subject to subpart 31.2.
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