depending upon the estimated dollar value of the acquisition
The scope and depth of the analysis supporting the objectives should be directly related to the dollar value, importance, and complexity of the pricing action. (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. The range of data from which the K and m values are derived in the primary sources should be observed in order to use them in making cost estimates. 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 ________**. 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. The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. (6) An offset shall not be allowed if-, (i) The understated data were known by the contractor to be understated before the "as of" date specified on the Certificate of Current Cost or Pricing Data; or. (2) A Certificate of Current Cost or Pricing Data, in the format specified in 15.406-2, certifying that to the best of its knowledge and belief, the cost or pricing data were accurate, complete, and current as of the date of agreement on price or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price. 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. 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. develop independent gov. (iv) Information relative to the business, technical, production, or other capabilities and practices of an offeror. The truck is estimated to have a residual value of $4,000 and a useful life of 4 years and 120,000 miles. What is the Government's policy concerning the use of Small Business Concerns? (v) Comparison of proposed prices with independent Government cost estimates. When this result is negative, place the amount in parentheses. (i) Consider the availability of alternative contract vehicles and the feasibility of contracting directly with a subcontractor or subcontractors that will perform the bulk of the work. Cost, schedule and capability or performance constraints Acquisition Detail - purchase order number, donation source or gift source 9. Active Feature-value Acquisition 2.1. The contracting officer shall-. Our acquisition regulations provide foundation on which the acquisition is based and legally delegate which type of authority to the contracting . 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. (1) Conduct appropriate cost or price analyses to establish the reasonableness of proposed subcontract prices; (2) Include the results of these analyses in the price proposal; and. (iii) The Government shall not disclose outside the Government data obtained relating to commercial products or commercial services that is exempt from disclosure under 24.202(a) or the Freedom of Information Act ( 5U.S.C.552(b)). commercial item? The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. A method to calculate non-operating income A. While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. Vermilion's Board of Directors has approved an E&D capital budget of $425 million for 2022 which is expected to deliver annual average production of 83,000 to 85,000 boe/d, excluding any impact . depending upon the estimated dollar value of the acquisition (ii) Evaluating the effect of the offerors current practices on future costs. Even so, not all startups that are little more than a few engineers working on an idea sketched out in a PowerPoint slide deck are the same. What are the 4 major sources of law in Zimbabwe? 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. (vi) Independent development. (A) Verifying sales history to source documents; (B) Identifying special terms and conditions; (C) Identifying customarily granted or offered discounts for the item; (D) Verifying the item to an existing catalog or price list; (E) Verifying historical data for a product or service previously not determined commercial that the offeror is now trying to qualify as a commercial product or commercial service; and. 74,528 (December 30, 2021). Milestones (at which decisions should be made) (i) In addition to the price adjustment, the Government is entitled to recovery of any overpayment plus interest on the overpayments. What are the two types of market research and how do they differ? CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. ", (iii) For each item or work effort categorized as "can either make or buy," a proposal either to "make" or to "buy.". The FAR Matrix is located in what FAR Part? Should-cost reviews differ from traditional evaluation methods because they do not assume that a contractors historical costs reflect efficient and economical operation. -FAR 13.104 - Contracting Officer must promote competition: When a program should-cost review is conducted relative to a contractor proposal, a separate audit report on the proposal is required. Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? Glaxo Holdings had an estimated beta of 1.10 at the end of 1994. . (C) If the contracting officer determines that the information described in paragraph (c)(3)(ii)(B) of this section is not sufficient to determine the reasonableness of price, other relevant information regarding the basis for price or cost, including information on labor costs, material costs and overhead rates may be requested. This right applies whether these data supported subcontract cost estimates or supported firm agreements between subcontractor and contractor. a) The authority conferred by Pub. C. Other Than Full and Open Competition -Restrict solicitation to suppliers of well-known and widely distributed makes or brands. (5) The contracting officer may request the advice and assistance of other experts to ensure that an appropriate analysis is performed. (ii) Categorization of each major item or work effort as "must make," "must buy," or "can either make or buy. (vi) Comparison of proposed prices with prices obtained through market research for the same or similar items. (b) When certified cost or pricing data are required, the contracting officer shall require the contractor or prospective contractor to submit to the contracting officer (and to have any subcontractor or prospective subcontractor submit to the prime contractor or appropriate subcontractor tier) the following in support of any proposal: (1) The certified cost or pricing data and data other than certified cost or pricing data required by the contracting officer to determine that the price is fair and reasonable. This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. (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 clause at 52.215-15, Pension Adjustments and Asset Reversions, in solicitations and contracts for which it is anticipated that certified cost or pricing data will be required or for which any preaward or postaward cost determinations will be subject to part 31. (ii) Consider whether award of the contract will result in paying unreasonably high prices for contract performance. ARB Coordinator. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. . Whether incorporation by reference is or is not authorized (c) Contracting officers shall not require certification at the time of agreement for data supplied in support of FPRAs or other advance agreements. (b) Definition. DoD, GSA, and NASA published an interim rule in the Federal Register at 75 FR 34277 on June 16, 2010, to implement section 826, Market Research, of the National Defense Authorization Act for Fiscal Year 2008 ( Pub. 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. When nonrecurring costs are significant, or when specifically requested to do so by the Contracting Officer, provide a full identification and explanation of them. . 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. (2) Except as provided in paragraph (h)(3) of this section, when an offeror for a contract or a task or delivery order informs the contracting officer pursuant to 52.215-22 that it intends to award subcontracts for more than 70 percent of the total cost of work to be performed under the contract, task or delivery order, the contracting officer shall. The assessor's opinion of value can be found for free on most city or county websites that list property tax and ownership data. (3) The objective of the overhead should-cost review is to evaluate significant indirect cost elements in-depth, and identify and recommend corrective actions regarding inefficient and uneconomical practices. 1. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. (2) A program should-cost review should be considered, particularly in the case of a major system acquisition (see part 34), when-. An official website of the General Services Administration. This method may be used for commercial products or commercial services including those of a type or when requiring minor modifications for commercial products. The services contracting that the Gov. s. tatutory authority. CLC 106 COR with a Mission Focus : r/StupidArmyTests - reddit Assume that the estimated productive life of the machine was 16,000 hours. Focused Designated at the agency and each procuring activity and responsible for: (11) Documentation of fair and reasonable pricing. DOCX Chapter 4 (c) Overhead should-cost review. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) Acquisition premium represents the increased . (8) The most significant facts or considerations controlling the establishment of the prenegotiation objectives and the negotiated agreement including an explanation of any significant differences between the two positions. Funds are available The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. 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. Apostolos Tsitsipas Born, Before applying profit or fee factors, the contracting officer shall exclude any facilities capital cost of money included in the cost objective amounts. This information must be appropriately identified and protected accordingly. RECOGNIZE THE DUTIES AND FUNCTIONS EXPECTED OF A COR: When performing surveillance on a contract, - ensure government furnished property - verify that required department of labor - conduct site visits, LIST THE FREQUENTLY DELEGATED CONTRACT ADMINISTRATION DUTIES: The COR is authorized to, - provide technical direction that does not change the contract. These reviews are accomplished by a multi-functional team of Government contracting, contract administration, pricing, audit, and engineering representatives. . -Wholesale Supply Sources (www.gsaglobalsupply.gov) the parent combines the Equity In Subsidiary Earnings with the subsidiary company's revenues less expenses. (d) The requirements of this subsection also apply to contracts entered into by an agency on behalf of a foreign government.
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