(v) Consider the guidance in section 3.3, chapter 3, volume I, of the Contract Pricing Reference Guide cited at 15.404-1(a)(7) to determine the data an offeror shall be required to submit. 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. -Does NOT require Congressional Approval. . Approvals needed. Justification and Approval (J&A)/Sole Source. 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. Central banks attempt to limit inflation . When there is a repetitive need for supplies or services. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. What are some potential sources for conducting market What are the two types of market research and how do they differ? (2) The following factors should be considered when selecting contractor sites for overhead should-cost reviews: (i) Dollar amount of Government business. (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. The fees are additional dollars paid to the contractor based upon the contractor meeting or . This does not relieve the contracting officer from the responsibility to analyze the contractors submission, including subcontractors certified cost or pricing data. -Solicit quotations based on personal preference. . With this deal, the combined value of the company amounts to $1.3 billion. (c) Acquisitions requiring make-or-buy programs. (5) Field pricing information and other reports may include proprietary or source selection information (see 2.101). Define working capital. STRUCTURE OF THE FAR TO THE SUBPART LEVEL
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. (1) Cost analysis is the review and evaluation of any separate cost elements and profit or fee in an offerors or contractors proposal, as needed to determine a fair and reasonable price or to determine cost realism, and the application of judgment to determine how well the proposed costs represent what the cost of the contract should be, assuming reasonable economy and efficiency. (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). Requesting unnecessary data can lead to increased proposal preparation costs, generally extend acquisition lead time, and consume additional contractor and Government resources. L. 110-181 ). How many nieces and nephew luther vandross have? (c) Any contractor or subcontractor that is required to submit certified cost or pricing data also shall obtain and analyze certified cost or pricing data before awarding any subcontract, purchase order, or modification expected to exceed the certified cost or pricing data threshold, unless an exception in 15.403-1(b) applies to that action. Subcontractor certified cost or pricing data must be accurate, complete and current as of the date of final price agreement, or an earlier date agreed upon by the parties, given on the prime contractors Certificate of Current Cost or Pricing Data. (v) Cost-control and other past accomplishments. 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. Contracting officers shall evaluate and negotiate proposed make-or-buy programs as soon as practicable after their receipt and before contract award. 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. Life-cycle cost 3705(a) and 41U.S.C.3505(a)) if the contracting officer determines that adequate data from sources other than the offeror are not available. Designated at the agency and each procuring activity and responsible for: a) The authority conferred by Pub. -Adequacy of contractor's accounting system . The threshold for obtaining certified cost or pricing data is $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or after July 1, 2018.When a clause refers to this threshold, and if the threshold is adjusted for inflation pursuant to 1.109(a), then pursuant to 1.109(d) the changed threshold applies throughout the remaining term of the contract, unless there is a subsequent threshold adjustment. Assist small business concerns, veteran owned small business concerns, HUBZone small business concerns, small disadvantaged business concerns and women-owned small business in obtaining contracts and subcontracts. the governments obligation to pay the agreed-upon price regardless, IDENTIFY THE STEPS OF THE SERVICES ACQUISITION PROCESS: Requirements Definition and Acquisition Strategy describes, IDENTIFY THE IMPORTANCE OF ESTABLISHING/MAINTAINING THE COR FILE: The COR is usually the person responsible for determining, IDENTIFY THE ACTIVITIES PERFORMED IN PLANNING THE ACQUISITION: Which activity best helps the government, IDENTIFY THE ELEMENTS OF CONTRACT PERFORMANCE MANAGEMENT: The __ has primary responsibility for ensuring, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: After establishing a competitive range for the most highl, IDENTIFY PROPER INVOICE REQUIREMENTS: The prompt payment act requires, LIST THE FREQUENTLY USED CONTRACT TYPES: The choice of contract type to be used, DISTINGUISH BETWEEN THE TYPES OF CONTRACT CHANGES AND MODIFICATIONS: This type of modification involves the use of administrative changes. (2) A program should-cost review should be considered, particularly in the case of a major system acquisition (see part 34), when-. (b) Exceptions to certified cost or pricing data requirements. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. -Wholesale Supply Sources (www.gsaglobalsupply.gov) The difference between market value and acquisition value assessments is substantially larger for households . Procurement Monies - 3 years -Required by statute. What is significant depends upon the circumstances of each acquisition. What are the 7 Statutory Exceptions to Full and Open Competition? Which type of contract arrangement puts the risk Before applying profit or fee factors, the contracting officer shall exclude any facilities capital cost of money included in the cost objective amounts. This is to certify that, to the best of my knowledge and belief, the cost or pricing data (as defined in section 2.101 of the Federal Acquisition Regulation (FAR) and required under FAR subsection 15.403-4) submitted, either actually or by specific identification in writing, to the Contracting Officer or to the Contracting Officer's representative in support of ________* are accurate, complete, and current as of ________**. (4) General access to the offerors books and financial records is limited to the auditor.
Price Changes Sample Clauses: 818 Samples | Law Insider (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). This certification includes the cost or pricing data supporting any advance agreements and forward pricing rate agreements between the offeror and the Government that are part of the proposal. Option is the most advantageous method of fulfilling the need "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 . They are available via the internet at http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html. (A) Material acquisition. 2008-03, but is subject to change - see FAR 6.304(a)(1) and 13.501(a)(2)(i). (6) Recommendations or conclusions regarding the Governments review or analysis of an offerors or contractors proposal shall not be disclosed to the offeror or contractor without the concurrence of the contracting officer. (a) The contracting officer is responsible for the determination of a fair and reasonable price for the prime contract, including subcontracting costs. (b) The contracting officer shall establish prenegotiation objectives before the negotiation of any pricing action. (ii) The clause may be used when the total estimated contract or order value is below the thresholds identified in 15.408(n)(2)(i) and for any contract type, when the contracting officer determines that inclusion of the clause is appropriate. (1) In those acquisitions that do not require certified cost or pricing data, the contracting officer shall. 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. Where the determination of a fair and reasonable price is based on cost analysis, the summary shall address each major cost element. 1. (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). 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. The TACPA business participation program requirement must be included in competitive acquisition with an estimated dollar value of $100,000 and over. (4) When requesting field pricing assistance on a contractors request for equitable adjustment, the contracting officer shall provide the information listed in 43.204(b)(5). (h)Ensuring that the principles of this subpart are used, as appropriate, for those acquisitions that do not require a written plan as well as for those that do. Seven statutory exceptions. Strategic market research Consent to subcontracts and review of contractors purchasing systems are separate actions covered in part 44. 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. (select all that apply), a. Value of Digital with Synergy = $6,963 mil - Value of Cash paid in deal = $ 30 * 146.789 mil shrs = $4,403 mil - Digitial's Outstanding Debt (assumed by Compaq) $1,006 mil Remaining Value $ 1,554 mil / number of Shares outstanding 146.789 = Remaining Value per Share $ 10.59 Compaq's value per share at time of Exchange Offer $ 27 Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . STRUCTURE OF THE FAR TO THE SUBPART LEVEL SUBCHAPTER A--GENERAL PART 1--FEDERAL ACQUISITION REGULATIONS SYSTEM 1.1 Purpose, Authority, Issuance 1.2 Administration 1.3 Agency Acquisition Regulations 1.4 Deviations from the FAR 1.5 Agency and Public Participation 1.6 Contracting Authority and Responsibilities 1.7 . Closing or cutoff dates should be included as part of the data submitted with the proposal and, before agreement on price, data should be updated by the contractor to the latest closing or cutoff dates for which the data are available. Historical acquisition data The Government is also entitled to penalty amounts on certain of these overpayments. Agencies shall ensure updated information that changes a contracting officers prior final determination is reported into the FAPIIS module of Contractor Performance Assessment Reporting System (CPARS) in the event of a. 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. . When this result is negative, place the amount in parentheses. Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. .
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