Cost, schedule and capability or performance constraints Describe what illustrations should show about a product. In order to afford an opportunity for corrective action, the contracting officer should give the prime contractor reasonable advance notice before determining to reduce the prime contract price. Answer (1 of 4): You are correct. 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. This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. 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. (ii) The contracting officers signature on the price negotiation memorandum or other documentation supporting determination of fair and reasonable price documents the contracting officers determination that the statutory price or fee limitations have not been exceeded. Cisco Systems, the network product and services company (with $49 billion in revenue in 2013), used acquisitions of key technologies to assemble a broad line of network-solution products during the frenzied Internet growth period. The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-10, Price Reduction for Defective Certified Cost or Pricing Data, 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). chapter 35). (ii) Consider whether award of the contract will result in paying unreasonably high prices for contract performance. The analytical techniques and procedures described in this subsection may be used, singly or in combination with others, to ensure that the final price is fair and reasonable. ", (iii) For each item or work effort categorized as "can either make or buy," a proposal either to "make" or to "buy.". Base year plus 4 option years Acquisition Detail - purchase order number, donation source or gift source 9. Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? 1.6 Contracting Authority and Responsibilities
30 day response time except for commercial items, services, and construction Any finding that the price is unreasonable must be supported by a statement of the facts and approved at a level above the contracting officer. evaluation is the primary/apex function of (1) the source selection process, (2) evaluation/acceptance criteria and a primary element of the acquisition strategy.the evaluation/examination/assessment involves the determination of an offeror's particular or special ability to perform well (" how well"); meet the non-cost factor capability The dollar value will be supported by appropriate documentation. Any method of distributing costs to line items that distorts the unit prices shall not be used. Disposal - upgraded (list new serial number), transferred, sold or destroyed For acquisitions of supplies or services for supporting a contingency operation or facilitating defense against or recovery from nuclear, biological, chemical, or radiological attack, the SAT is (i) $800,000 . What is the policy for providing for full and open competition? Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. (A) This factor measures the degree of cost responsibility and associated risk that the prospective contractor will assume as a result of the contract type contemplated and considering the reliability of the cost estimate in relation to the complexity and duration of the contract task. (C) Expert technical advice should be obtained when analyzing similar items, or commercial products or commercial services that are of a type, or requiring minor modifications for commercial products, to ascertain the magnitude of changes required and to assist in pricing the required changes. chapter 271 and 41 U.S.C. If such alternative approaches are selected, any resulting solicitations shall be issued in accordance with the competition requirements under FAR part 6; (ii) Make a written determination that the contracting approach selected is in the best interest of the Government; and. (viii) Any other information the contracting officer requires in order to evaluate the program. The fees are additional dollars paid to the contractor based upon the contractor meeting or . -Performance by other than executive, admin or professional employees -Agency identification 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. (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. (d) Change order authority.Contracting officers may authorize COR change order authority in accordance with the limitations in . (3) When field pricing assistance is requested, contracting officers are encouraged to team with appropriate field experts throughout the acquisition process, including negotiations. For each provision or clause, the matrix provides information on: Procurement Monies - 3 years (a) The purpose of performing cost or price analysis is to develop a negotiation position that permits the contracting officer and the offeror an opportunity to reach agreement on a fair and reasonable price. This form also must be completed before the program official submits the purchase request (PR) package to the Procurement Office. (i) A price is based on adequate price competition when. true. Quarterly B. If the prospective contractor fails to identify or propose facilities capital cost of money in a proposal for a contract that will be subject to the cost principles for contracts with commercial organizations (see subpart 31.2), facilities capital cost of money will not be an allowable cost in any resulting contract (see 15.408(i)). Identify the attachment in which the information supporting the specific cost element may be found. (2) The contracting officer shall not request a separate preaward audit of indirect costs unless the information already available from an existing audit, completed within the preceding 12 months, is considered inadequate for determining the reasonableness of the proposed indirect costs ( 41 U.S.C.4706 and 10 U.S.C. This entitlement is ensured by including in the contract one of the clauses prescribed in 15.408(b) and (c) and is set forth in the clauses at 52.215-10, Price Reduction for Defective Certified Cost or Pricing Data, and 52.215-11, Price Reduction for Defective Certified Cost or Pricing Data-Modifications. Assume that the estimated productive life of the machine was 16,000 hours. Where is the balance assigned to the non-controlling interest reported in the consolidated balance sheet? Military Construction - 5 years, prohibits federal employees from authorizing an expenditure of funds in excess of the amount available. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. (4) Patent application serial numbers, or other basis on which the royalty is payable. (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. Pronouncements in the form of periodic rulings, reviews, or similar actions of a governmental body, or embodied in the laws, are sufficient to set a price. (a) Changes or Additions to Make-or-Buy Program. (2) Cost realism analyses shall be performed on cost-reimbursement contracts to determine the probable cost of performance for each offeror. 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. While the particular elements to be analyzed are a function of the contract work task, elements such as manufacturing, pricing and accounting, management and organization, and subcontract and vendor management are normally reviewed in a should-cost review. . 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. 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. -Extent and nature of proposed subcontract what makes muscle tissue different from other tissues? (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. 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 . Contracting Officers SHALL promote and provide for full and open competition in soliciting offers and awarding Government contracts. (1) The contracting officer is responsible for evaluating the reasonableness of the offered prices. It is not right to use the government card for such purchases. (3) Cost analysis shall be used to evaluate the reasonableness of individual cost elements when certified cost or pricing data are required. However, they are not directive and should be considered informational only. Such techniques and procedures include the following: (i) Verification of cost data or pricing data and evaluation of cost elements, including-. Who is Katy mixon body double eastbound and down season 1 finale? 12,816. Civilian agencies, other than NASA, must furnish copy of approved deviation to the FAR Secretariat, Affect only one contract action Not Exceeding $700K - Contracting Officer What activity best helps the gov. The governments's unilateral right in the contract whereby, for a specified time, the government may choose to purchase additional supplies or services or extend the term of the contract. 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 ________**. 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. Determination of contract type should be closely related to the risks involved in timely, cost-effective, and efficient performance. What is the method of procurement and synopsis for a requirement over $25K, Purchase Order and advertised on FedBizOpps/ASFI, What is the method of procurement and synopsis for a requirement > SAT, Contract and advertised on FedBizOpps/ASFI, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. (1) Should-cost reviews are a specialized form of cost analysis. This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. (v) Designation of the plant or division proposed to make each item or perform each work effort, and a statement as to whether the existing or proposed new facility is in or near a labor surplus area. (c) Price Reduction for Defective Certified Cost or Pricing Data-Modifications. Acquisition Streamlining Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000.
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