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. -Technical and Requirements personnel are responsible for submitting J&A. Target firm size is measured by market value of equity plus long-term debt and short-term debt, less cash and marketable securities at the last fiscal year prior to the acquisition. 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. You can usually find these by doing a google search for something like: excluded. (4) Replace the basic clause with its Alternate IV if certified cost or pricing data are not expected to be required because an exception may apply, but data other than certified cost or pricing data will be required as described in 15.403-3. (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). 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. When is an indefinite delivery contract appropriate? (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). Cost - the cost of the purchased software 12. excluded. Answer (1 of 4): You are correct. (b) Policy. This article explores the implications of acquisition value assessment for homesteaded property established in 1983 in Muscogee County, Georgia. B. 2.2 Definitions Clause Enter the number of units remaining to be completed under the contract. Enter appropriate cost elements. The audit office shall send the audit report, or otherwise transmit the audit recommendations, directly to the contracting officer. Enter your estimate for cost of work added by the change. (1) Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. (A) The repayment amount; (B) The penalty amount (if any); (C) The interest amount through a specified date; and. The subfactors in paragraphs (d)(1)(i)(A) through (D) of this subsection shall be considered in determining contractor effort, but they may be modified in specific situations to accommodate differences in the categories used by prospective contractors for listing costs-. (i) Contractor effort. If it is conducted in conjunction with a program should-cost review, a separate overhead should-cost review report is not required. Rationale for business decisions made concerning the acquisition - two parts: What type of contract must be awarded for a 6.303-3 Industrial mobilization; engineering, developmental, or research capability; or expert services The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. Acquisition Category (ACAT) - AcqNotes COR 106 Flashcards | Quizlet (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. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. (h) Review and justification of pass-through contracts. (2) At a minimum, the technical analysis should examine the types and quantities of material proposed and the need for the types and quantities of labor hours and the labor mix. (1) Adequate price competition. and depending on the size of the acquisition or disposition, may require . (a) When certified cost or pricing data are required, offerors are required to describe any forward pricing rate agreements (FPRAs) in each specific pricing proposal to which the rates apply and to identify the latest cost or pricing data already submitted in accordance with the FPRA. Firm _____________________________________________, Signature _________________________________________, Name ____________________________________________, Title _____________________________________________, Date of execution***________________________________. 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. Considering the hierarchy at 15.402, the contracting officer shall insert the clause at 52.215-21, Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications, in solicitations and contracts if it is reasonably certain that certified cost or pricing data or data other than certified cost or pricing data will be required for modifications. (c) Audit assistance for prime contracts or subcontracts. (b) Definition. However, this does not mean that all of the policies and procedures of the FAR apply to all acquisitions. estimates? (4) General access to the offerors books and financial records is limited to the auditor. AF PGI 5315 Contracting by Negotiation AF PGI 5315.209-90 Solicitation Provisions and Contract Clauses (a) The contracting officer may include language in Section L (or equivalent in a solicitation for the acquisition of a commercial item) substantially the same as the following when a DD Form 254, Contract Security Classification Specification is a requirement at time of award: "The offeror . Identification of the . 6.302-2 - Unusual and compelling urgency Enter total estimated cost (Total of Columns (11) and (12)). (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. . (6) If certified cost or pricing data were required, the extent to which the contracting officer-. 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. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). (4) Waivers. adds more specific information to information stated in the FAR. Not Exceeding $700K - Contracting Officer On January 1, 2012, Solis Co. issued its 10% bonds in the face amount of $4,000,000, which mature on January 1, 2022. Base year plus 4 option years 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). depending upon the estimated dollar value of the acquisition When this result is negative, place the amount in parentheses. 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). L. 105-261), an offeror who does not comply with a requirement to submit data for a contract or subcontract in accordance with paragraph (a)(1) of this subsection is ineligible for award unless the HCA determines that it is in the best interest of the Government to make the award to that offeror, based on consideration of the following: (iii) Increased cost or significant harm to the Government if award is not made. "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 . plan, develop, execute. (2) The offerors program should include or be supported by the following information: (i) A description of each major item or work effort. Approvals needed. Depending on the type of acquisition and the estimated dollar value, the requiring component is expected to form a multi- functional team consisting of the PM, CO, CS, and Contracting Officer's Representative (COR) to develop the package. (B) The prior price must be adjusted to account for materially differing terms and conditions, quantities and market and economic factors. Sources and Competition . 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. (4) Replace the basic provision with its Alternate IV if certified cost or pricing data are not expected to be required because an exception may apply, but data other than certified cost or pricing data will be required as described in 15.403-3. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. Overpayment occurs only when payment is made for supplies or services accepted by the Government. Actual cost for materials Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. Increase in Equity Value. Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. What is the policy for providing for full and open competition? Computing Depreciation under Alternative Methods. When nonrecurring costs are significant, or when specifically requested to do so by the Contracting Officer, provide a full identification and explanation of them. (See the Certificate of Current Cost or Pricing Data at 15.406-2.). (b) Actions authorized under Pub. The Contracting Officer may require you to submit cost or pricing data in support of proposals in lower amounts. (a) Changes or Additions to Make-or-Buy Program. (iv) Any acquisition for other than commercial products or services treated as commercial products or commercial services at 12.102(f)(1), except sole source contracts greater than $20 million, is exempt from the requirements for certified cost or pricing data ( 41 U.S.C.1903). 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. Procurement Monies - 3 years (v) Cost-control and other past accomplishments. This factor should compensate contractors proportionately for assuming greater cost risks. This requirement does not apply when unrelated and separately priced changes for which certified cost or pricing data would not otherwise be required are included for administrative convenience in the same modification. (i) Some initial production has already taken place; (ii) The contract will be awarded on a sole source basis; (iii) There are future year production requirements for substantial quantities of like items; (iv) The items being acquired have a history of increasing costs; (v) The work is sufficiently defined to permit an effective analysis and major changes are unlikely; (vi) Sufficient time is available to plan and adequately conduct the should-cost review; and. 2. (g) Pension Adjustments and Asset Reversions. (ii) The waiver specifically includes the subcontract and the rationale supporting the waiver for that subcontract. Moulay Hassan 1, Imm Ranino, 4me tage, N 15, south carolina high school baseball player rankings 2021, the first ability to be impaired by alcohol is, provider letter to terminate insurance contract, Diploma In Nursing At Aga Khan University. While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. In addition, by providing rationale for any recommendations and quantifying their impact on cost, the Government will be better able to develop realistic objectives for negotiation. -Recommends a system of personal and organizational accountability for competition. High School For Environmental Studies Ceeb Code, (iii) Comparison of costs proposed by the offeror for individual cost elements with-. . However, the contracting officer may agree to these as "make items" if an overall lower Governmentwide cost would result or it is otherwise in the best interest of the Government. When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. To the maximum extent practicable From 1993 to 2001, Cisco acquired 71 companies, at an average price of approximately $350 million. 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. Commercial Sources, Multi-agency contracts (MACs): Should not exceed 5 years, The product is considered commercial if it retains 50% of its original functionality. Disposition of the action should be documented. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. When performing surveillance on a contract, a COR may be asked to? See 86 Fed. Check the applicable block below based on the acquisition circumstance. Total Holdings Value is calculated by taking the most recent acquisition or disposal transaction for each distinct ticker value of Insider Filings transactions . The contracting officer may incorporate the make-or-buy program in negotiated contracts for-, (1) Major systems (see part 34) or their subsystems or components, regardless of contract type; or, (i) The contract is a cost-reimbursable contract, or a cost-sharing contract in which the contractors share of the cost is less than 25 percent; and. 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. FAR 5.101(a)(1) Proposed contract actions expected to exceed $25,000synopsize in GPE (Government-wide Point of Entry), Item that has been or will be sold to the general public; may required minor government directed modifications. Any method of distributing costs to line items that distorts the unit prices shall not be used. accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . (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. (b)(1) The extent of market research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. (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. Established requirement to use "competitive procedures" in acquiring supplies/services 2. In this case, he could multiply his purchase price of $100,000 by 25% to get a land value of $25,000. 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. - Contractor's technical capability and financial responsibility (a) General. (d) If, however, the contractor insists on a price or demands a profit or fee that the contracting officer considers unreasonable, and the contracting officer has taken all authorized actions (including determining the feasibility of developing an alternative source) without success, the contracting officer shall refer the contract action to a level above the contracting officer. Such offsets need not be in the same cost groupings (e.g., material, direct labor, or indirect costs). y = ($399)(15,000) 0.60 = $128,000.Back to top The program will ensure HHS conducts its due diligence to manage and maintain oversight and governance over the procurement of Information Technology (IT) therefore contributing to . What is Other than Full and Open Competition? The contracting officer shall insert the clause at 52.215-18, Reversion or Adjustment of Plans for Postretirement Benefits (PRB) Other Than Pensions, 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. L. 110-181 ). (A) Use the basic clause in solicitations and contracts when the estimated value equals or exceeds $100,000, but is less than $191,000 The K values are based on 1968 dollars. Tradeoff, Any competitive negotiated acquisition having a basis for award stating that factors in addition to cost/price will be considered in selecting the successful offeror(s) They assist in the contracting officers determination of fair and reasonable price. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. The requirements apply as a matter of policy to other Federal agencies. (iii) The following requirements apply to minor modifications defined in paragraph (3)(ii) of the definition of a commercial product at 2.101 that do not change the commercial product to other than commercial: (A) For acquisitions funded by any agency other than DoD, NASA, or Coast Guard, such modifications of a commercial product are exempt from the requirement for submission of certified cost or pricing data. Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . (3) Name and telephone number of point of contact; (5) Type of contract action (that is, new contract. (2) The following factors should be considered when selecting contractor sites for overhead should-cost reviews: (i) Dollar amount of Government business. (d) The requirements of this subsection also apply to contracts entered into by an agency on behalf of a foreign government. (C) For acquisitions funded by DoD, NASA, or Coast Guard such modifications of a commercial product are not exempt from the requirement for submission of certified cost or pricing data on the basis of the exemption provided for at 15.403-1(c)(3) if the total price of all such modifications under a particular contract action exceeds 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. (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. 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. (1) Whether certified cost or pricing data are required; (2) That, in lieu of submitting certified cost or pricing data, the offeror may submit a request for exception from the requirement to submit certified cost or pricing data; (3) Any requirement for data other than certified cost or pricing data; and. Lowest Price Technically Acceptable (LPTA) (ii) The award of a subcontract at any tier, if the contractor and each higher-tier subcontractor were required to furnish certified cost or pricing data (but see waivers at 15.403-1(c)(4)). (3) Contract actions awarded pursuant to subparts 19.5, 19.8, 19.13, 19.14, or 19.15 are exempt from the requirements of this paragraph (h) (see section 1615 of the National Defense Authorization Act for Fiscal Year 2014 (Pub. Chapter 11 - Intermediate Flashcards | Quizlet 1. All responsible sources are permitted to compete. 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. This clause also provides instructions to contractors on how to request an exception from the requirement to submit certified cost or pricing data. Normally, make-or-buy programs should not include items or work efforts estimated to cost less than 1 percent of the total estimated contract price or any minimum dollar amount set by the agency. Specific. If the contractor had information reasonably available at the time of agreement showing that the negotiated price was not based on accurate, complete, and current data, the contractors responsibility is not limited by any lack of personal knowledge of the information on the part of its negotiators. (1) The contracting officer should request field pricing assistance when the information available at the buying activity is inadequate to determine a fair and reasonable price. a) The authority conferred by Pub. Enter the number of units completed during the period for which experienced costs of production are being submitted. (ii) The contracting officer should be notified immediately of any information disclosed to the auditor after submission of a report that may significantly affect the audit findings and, if necessary, a supplemental audit report shall be issued. (ii) Comparison of the proposed prices to historical prices paid, whether by the Government or other than the Government, for the same or similar items. Depending on the brand and quality level of the asset, these figures can also be higher. Set-Asides for Small Business Concerns Conditions that may affect the agreements validity shall be reported promptly to the ACO. Contracting Officers shall provide for full and open competition Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? 50% of the cash consideration payable by the Company for the Acquisition will be lent by Sure Victor to China Rongsheng, a subsidiary of Value Link and therefore a subsidiary of the Company upon . Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. Responsible agency creates and publishes a "proposed rule" in the Federal Register, Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service. They are to be used for instruction and professional guidance. (D) General management. -Consider soliciting at least 3 sources (2) Prices set by law or regulation. s. tatutory authority. 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. (ii) Documents the reasons in the contract file. Historical acquisition data (a) General. What requirements must be fulfilled to exercise an option? experts as needed to develop the package, depending on the type of acquisition and the estimated dollar value. (1) When a prime contractor includes defective subcontract data in arriving at the price but later awards the subcontract to a lower priced subcontractor (or does not subcontract for the work), any adjustment in the prime contract price due to defective subcontract data is limited to the difference (plus applicable indirect cost and profit markups) between the subcontract price used for pricing the prime contract, and either the actual subcontract price or the actual cost to the contractor, if not subcontracted, provided the data on which the actual subcontract price is based are not themselves defective. This factor takes into account the contribution of contractor investments to efficient and economical contract performance. 3701(2) and 41 U.S.C.3501(a)(3)). (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.
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