depending upon the estimated dollar value of the acquisition

Examples of such techniques include, but are not limited to, the following: (i) Comparison of proposed prices received in response to the solicitation. 4. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). (1) Common factors. All responsible sources are permitted to compete. -Performed in the United States. This acquisition is conducted under the authority of 41 An acquisition plan may have numerous elements as listed in FAR 7.105; depending upon the estimated cost of the acquisition, these elements include: Statement of need and background Applicable conditions Cost Life cycle costs if applicable Capability or performance Delivery or performance requirements For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . Purpose. chapter 271 and 41 U.S.C. Define working capital. 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. 1. What are policies associated with Justification and Approval (J&A)? Under this factor, the contractor may be provided additional profit opportunities in recognition of independent development efforts relevant to the contract end item without Government assistance. Negotiations aimed merely at reducing prices by reducing profit, without proper recognition of the function of profit, are not in the Governments interest. Such offsets need not be in the same cost groupings (e.g., material, direct labor, or indirect costs). 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. (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-. (3) Cost analysis shall be used to evaluate the reasonableness of individual cost elements when certified cost or pricing data are required. Full and Open Competition After Exclusion of Sources Statement of need The FAR applies to all acquisitions as defined in the FAR, except where expressly excluded. -Solicit quotations based on personal preference. Not Exceeding $700K - Contracting Officer Depending on the brand and quality level of the asset, these figures can also be higher. Data supporting forward pricing rate agreements or final indirect cost proposals shall be submitted in a form acceptable to the contracting officer. 2.2 Definitions Clause FedBizOps 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. The Contracting Officer may require you to submit cost or pricing data in support of proposals in lower amounts. Early communication with these experts will assist in determining the extent of assistance required, the specific areas for which assistance is needed, a realistic review schedule, and the information necessary to perform the review. (3) 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 reflect a $2 million threshold for obtaining certified cost or pricing data on subcontracts entered on and after July 1, 2018. (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. 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. (3) When field pricing assistance is requested, contracting officers are encouraged to team with appropriate field experts throughout the acquisition process, including negotiations. When appropriate, information on how advisory field support can be made more effective should be provided separately. (iv) Capital investments. Applies if: They should be based on the results of the contracting officers analysis of the offerors proposal, taking into consideration all pertinent information including field pricing assistance, audit reports and technical analysis, fact-finding results, independent Government cost estimates and price histories. The contracting officer shall tailor requests to reflect the minimum essential supplementary information needed to conduct a technical or cost or pricing analysis. (1) If, after award, certified cost or pricing data are found to be inaccurate, incomplete, or noncurrent as of the date of final agreement on price or an earlier date agreed upon by the parties given on the contractor's or subcontractor's Certificate of Current Cost or Pricing Data, the Government is entitled to a price adjustment, including profit or fee, of any significant amount by which the price was increased because of the defective data. 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. However, they are not directive and should be considered informational only. The KO must exercise the option prior to end date of the current period of performance. (D) General management. -Any facts supporting sole-source. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. (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. 1.2 Administration GSA Advantage - Federal Supply Schedules. (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-. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. However, if the contracting officer determines that information on competitive proposed prices or previous contract prices is not available or is insufficient to determine that the price is fair and reasonable, the contracting officer may use any of the remaining techniques as appropriate to the circumstances applicable to the acquisition. 3. true. -FAR 13.104 - Contracting Officer must promote competition: Enter the net cost of change, which is the cost of work added, less the net cost to be deleted. 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. List of facts or justification Seven statutory exceptions. The Economy Act does not apply when placing orders under GWACs. Conditions that may affect the agreements validity shall be reported promptly to the ACO. 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 The estimated useful life was four years, and the residual value was $1,000. Contracting officers shall evaluate and negotiate proposed make-or-buy programs as soon as practicable after their receipt and before contract award. (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. C. Other Than Full and Open Competition How many nieces and nephew luther vandross have? The contracting officers objective is to negotiate a contract of a type and with a price providing the contractor the greatest incentive for efficient and economical performance. Contracting Officer must not: All responsible sources permitted to compete Enter the number of units remaining to be completed under the contract. collecting and analyzing information about capabilities within the market to satisfy agency needs, The extent of market research will vary, depending upon factors such as: the parent combines the Equity In Subsidiary Earnings with the subsidiary company's revenues less expenses. 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. requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made. What is the depreciation expense for 2019? Any other data that may be pertinent to an assessment of the offerors ability to accomplish the technical requirements or to the cost or price analysis of the service or product being proposed should also be included in the analysis. Considering the hierarchy at 15.402, the contracting officer shall insert the provision at 52.215-20, Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data, in solicitations if it is reasonably certain that certified cost or pricing data or data other than certified cost or pricing data will be required. Increase in Value of Equity. (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. However, proposals shall be evaluated using the criteria in the solicitation, and the offered prices shall not be adjusted as a result of the analysis. This subfactor measures the prospective contractors other indirect costs and general and administrative (G&A) expense, their composition, and how much they contribute to contract performance. (viii) Any other information the contracting officer requires in order to evaluate the program. experts as needed to develop the package, depending on the type of acquisition and the estimated dollar value. cASM employs a customizable workflow for reviews and approvals prior to execution by the Contingency Contracting Officer, thus reducing coordination time and potentially hazardous travel in . (B) For acquisitions funded by DoD, NASA, or Coast Guard, such modifications of a commercial product are exempt from the requirement for submission of certified cost or pricing data provided the total price of all such modifications under a particular contract action does not exceed the greater of the threshold for obtaining certified cost or pricing data in 15.403-4 or 5 percent of the total price of the contract at the time of contract award. ***Insert the day, month, and year of signing, which should be as close as practicable to the date when the price negotiations were concluded and the contract price was agreed to. Kaven Corporation purchased a truck at the beginning of 2018 for $85,000 which will be depreciated using the units-of-output method. Also provide data showing the basis for establishing source and reasonableness of price. If the contractor proposes to reverse the categorization of such items during contract performance, the contract price shall be subject to equitable reduction. 3322(b) and 41 U.S.C. B. (A) Two or more responsible offerors, competing independently, submit priced offers that satisfy the Governments expressed requirement; (B) Award will be made to the offeror whose proposal represents the best value (see 2.101) where price is a substantial factor in source selection; and. (v) Comparison of proposed prices with independent Government cost estimates. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. (c) Audit assistance for prime contracts or subcontracts. It is normally used to evaluate and negotiate an FPRA with the contractor. Due to the time over which these obligations could be settled and the judgment used to determine the liability, the ultimate obligation may differ from the When recording the acquisition of a General PP&E asset in a property accountability and/or accounting system, the asset shall be assigned a dollar value as detailed in this Chapter. Date, quantity, and dollar value of items received into inventory 9. (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)). Unless an exception under 15.403-1(b)(1) or (2) applies, the contracting officer shall 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. Give an example of a halo effect in marketing. the contracting officer or the source selection authority INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting . Tactical market research 14,803 2. 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. You must also submit any data other than certified cost or pricing data obtained from a subcontractor, either actually or by specific identification, along with the results of any analysis performed on that data. awarding a Time and Materials contract? 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. Requests for updated offeror data should be limited to data that affect the adequacy of the proposal for negotiations, such as changes in price lists. . -Wholesale Supply Sources (www.gsaglobalsupply.gov) The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. (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. (ii) The probable cost is determined by adjusting each offerors proposed cost, and fee when appropriate, to reflect any additions or reductions in cost elements to realistic levels based on the results of the cost realism analysis. Wide Area Work Flow (WAWF) is a paperless contracting DOD wide application designed to eliminate paper form the receipts and acceptance process of the DOD. A solicitation used in negotiated procurements to communicate government requirements to prospective contractors and to solicit proposals or offers from is a/an? (2) The following factors should be considered when selecting contractor sites for overhead should-cost reviews: (i) Dollar amount of Government business. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. Explain the basis for the estimates, including identification of any provision for experienced or anticipated allowances, such as shrinkage, rework, design changes, etc. What are the three types of indefinite delivery contracts? Approvals needed. 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