depending upon the estimated dollar value of the acquisition

(1) Contracting officers may require prospective contractors to submit make-or-buy program plans for negotiated acquisitions requiring certified cost or pricing data whose estimated value is $15 million or more, except when the proposed contract is for research or development and, if prototypes or hardware are involved, no significant follow-on production is anticipated. no, the tickets exceed the 2. (ii) Documents the reasons in the contract file. This method may be used for commercial products or commercial services including those of a type or when requiring minor modifications for commercial products. (1) The contracting officer shall insert the provision at 52.215-22, Limitations on Pass-Through Charges-Identification of Subcontract Effort, in solicitations containing the clause at 52.215-23. (A) The repayment amount; (B) The penalty amount (if any); (C) The interest amount through a specified date; and. 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). For similar items, the contracting officer must also adjust the prior price to account for material differences between the similar item and the item being procured. (1) Should-cost reviews are a specialized form of cost analysis. Actual cost for materials Any method of distributing costs to line items that distorts the unit prices shall not be used. When appropriate, information on how advisory field support can be made more effective should be provided separately. 453.94 $46.38. This form also must be completed before the program official submits the purchase request (PR) package to the Procurement Office. 1. (6) Proposed cost; profit or fee; and total; (7) Whether you will require the use of Government property in the performance of the contract, and, if so, what property; (8) Whether your organization is subject to cost accounting standards; whether your organization has submitted a CASB Disclosure Statement, and if it has been determined adequate; whether you have been notified that you are or, (9) The following statement: This proposal reflects our estimates and/or actual costs as of this date and conforms with the instructions in FAR, C. As part of the specific information required, you, (2) Information reasonably required to explain your estimating process, including-, (i) The judgmental factors applied and the mathematical or other methods used in the estimate, including those used in projecting from known data; and, (ii) The nature and amount of any contingencies included in the proposed, F. Whenever you have incurred costs for work performed before submission of a proposal, you, G. If you have reached an agreement with Government representatives on use of forward, H. As soon as practicable after final agreement on. Use CTRL+F to find the first part of the question. 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. Lowest Price Technically Acceptable (LPTA) Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. 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. true. (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. Statement of need Planning the purchase should begin at the earliest practicable time. 2. (ii) The contracting officer shall, to the maximum extent practicable, limit the scope of the request for data relating to commercial products or commercial services to include only data that are in the form regularly maintained by the offeror as part of its commercial operations. (d) Solicitation requirements. A widely used method of measuring operating effectiveness Financial statements should be reviewed A. (4) Value analysis can give insight into the relative worth of a product and the Government may use it in conjunction with the price analysis techniques listed in paragraph (b)(2) of this section. 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. Request for Proposal - Negotiation - FAR Part 15. Under certain conditions the Government may not be able to specify its required delivery and/or quantity or may not have sufficient funds for obligation of the entire needed quantity at that time. (a) General. The Economy Act does not apply when placing orders under GWACs. (3) An offer may be rejected if the contracting officer determines that the lack of balance poses an unacceptable risk to the Government. (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. (D) General management. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. With this deal, the combined value of the company amounts to $1.3 billion. 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. To support a make-or-buy program, the following information shall be supplied by the contractor in its proposal: (1) Items and work included. Urgency Sangoma's head office is located at 100 Renfrew Drive, Suite 100, Markham, Ontario. 2. (3) When required by paragraph (c) of this subsection, submit subcontractor certified cost or pricing data to the Government as part of its own certified cost or pricing data. - = guessed but unknown whether correct or not. Full and Open Competition After Exclusion of Sources (2) When the price negotiation is based on cost analysis, contracting officers in agencies that have a structured approach shall use it to analyze profit. Approvals needed. 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. A copy of the memorandum or other notice of the contracting officers determination shall be provided to the contractor. This provision also provides instructions to offerors on how to request an exception from the requirement to submit certified cost or pricing data. How do you determine whether a particular policy or procedure stated in the FAR applies to a given acquisition? Typically this is determined by a dollar value cut off based on the size of the Target - for example, all agreements which involve (or which could potentially involve) more than $50,000 in value or which the Company's operations are substantially dependent. Fixed price contracts 100% Contractor (1) Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. trade-offs made or relied on by the KO, including benefits associated with additional costs. on the contractor? -Extent and nature of proposed subcontract (d) The requirements of this subsection also apply to contracts entered into by an agency on behalf of a foreign government. (iii) Document the basis for such determination. This data may include history of sales to non-governmental and governmental entities, cost data, or any other information the contracting officer requires to determine the price is fair and reasonable. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. ***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. 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. Central Contractor Registration (CCR) Estimated Capacity based upon POW = $250,000 . L. 85-804 shall be accomplished as expeditiously as practicable, consistent with the care, restraint, and . (c) Commercial products and commercial services. (d) Possession of a Certificate of Current Cost or Pricing Data is not a substitute for examining and analyzing the contractors proposal. The truck is estimated to have a residual value of $4,000 and a useful life of 4 years and 120,000 miles. Include the incurred cost of deleted work already performed, using actuals incurred if possible, or, if actuals are not available, estimates from your accounting records. Government -wide acquisition contracts (GWACS): (3) The clauses referred to in paragraph (b)(1) of this subsection recognize that the Governments right to a price adjustment is not affected by any of the following circumstances: (i) The contractor or subcontractor was a sole source supplier or otherwise was in a superior bargaining position; (ii) The contracting officer should have known that the certified cost or pricing data in issue were defective even though the contractor or subcontractor took no affirmative action to bring the character of the data to the attention of the contracting officer; (iii) The contract was based on an agreement about the total cost of the contract and there was no agreement about the cost of each item procured under such contract; or. The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. Question One The correct answer is Report to supervisor. (d) Profit-analysis factors-. On January 1, 2012, Solis Co. issued its 10% bonds in the face amount of $4,000,000, which mature on January 1, 2022. (b) Policy. 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. (3) The contracting officer should decide which elements of the contractors operation have the greatest potential for cost savings and assign the available personnel resources accordingly. Past experience Commercial Sources, Multi-agency contracts (MACs): true. Ellipses indicate no dollar value. the civilian agency acquisition council and the defense acquisition regulations council (councils) are proposing to amend the federal acquisition regulation (far) to delineate the process for determining and resolving the cost impact on contracts and subcontracts when a contractor makes a compliant change to a cost accounting practice or follows , when the estimated value equals or exceeds $25,000, but is less than $191,000 , unless an exception at FAR 25.401 or 225.401 applies. (3) Cost analysis shall be used to evaluate the reasonableness of individual cost elements when certified cost or pricing data are required. FAR 8.002(1) - Supplies 1. Holdings intends to review its ownership of Sangoma Shares on a continuing basis and may increase or decrease its investment in Sangoma Shares depending upon future market conditions. The liability for each facility will be accreted to its present value, which is estimated to approximate $16.4 million through the estimated settlement dates extending from 2009 through 2042. 74,528 (December 30, 2021). (c) Contracting officer responsibilities. (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. What is the policy for providing for full and open competition? 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. -Adequacy of contractor's accounting system Before taking any contractual actions concerning penalties, the contracting officer shall obtain the advice of counsel. (1) An overhead should- cost review is used to evaluate indirect costs, such as fringe benefits, shipping and receiving, real property, and equipment, depreciation, plant maintenance and security, taxes, and general and administrative activities. This right applies whether these data supported subcontract cost estimates or supported firm agreements between subcontractor and contractor. L. 85-804 may not- (1) Be used in a manner that encourages carelessness and laxity on the part of persons engaged in the defense effort; or (2) Be relied upon when other adequate legal authority exists within the agency. ASD will maintain the site. (2) The Government may use various cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition. FAR 8.002(2) Services - Which type of contract arrangement puts the risk When certification is required, the contracting officer may require submission of certified cost or pricing data in the format indicated in Table 15-2 of 15.408, specify an alternative format, or permit submission in the contractors format (See 15.408(l)(1)), unless the data are required to be submitted on one of the termination forms specified in subpart 49.6.

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