depending upon the estimated dollar value of the acquisition

When you feel like it C. Monthly D. When net income is negative C. Monthly Companies should recognize inventory as an expense when purchased. (d) Profit-analysis factors-. 74,528 (December 30, 2021). The purpose of this Policy is to establish the Department of Health and Human Services (HHS) Information Technology Acquisition Review (ITAR) Program. 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. The contractor assumes the least cost risk in a cost-plus-fixed-fee level-of-effort contract, under which it is reimbursed those costs determined to be allocable and allowable, plus the fixed fee. expected value from each acquisition; we show it to be superior both to uniform acquisitions and to policies that consider the acquisition only of feature values or only of class labels. (b) Certified cost or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments. PDF DEPARTMENT OF DEFENSE - Under Secretary of Defense for Acquisition and (A) The necessity for, and reasonableness of, proposed costs, including allowances for contingencies; (B) Projection of the offerors cost trends, on the basis of current and historical cost or pricing data; (C) Reasonableness of estimates generated by appropriately calibrated and validated parametric models or cost-estimating relationships; and. -Performance by other than executive, admin or professional employees True or False False Central Contractor Registration (CCR) The FAR Matrix is located in what FAR Part? Enter total incurred costs (Total of Columns (8), (9), and (10)). This factor measures the degree of support given by the prospective contractor to Federal socioeconomic programs, such as those involving small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, women-owned small business concerns, veteran-owned, HUBZone, service-disabled veteran-owned small business concerns, sheltered workshops for workers with disabilities, and energy conservation. This limitation does not preclude the contracting officer or the ACO, or their representatives, from requesting that the offeror provide or make available any data or records necessary to analyze the offerors proposal. 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 Computing Depreciation under Alternative Methods. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). (f) If Government audit discloses defective subcontractor certified cost or pricing data, the information necessary to support a reduction in prime contract and subcontract prices may be available only from the Government. (2) Price analysis shall be used when certified cost or pricing data are not required (see paragraph (b) of this subsection and 15.404-3). Enter those necessary and reasonable costs that in your judgment will properly be incurred in completing the remaining work to be performed under the contract with respect to the item(s) to which your proposal relates. 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. 2377. (l) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. Citation of the FAR that it prescribes (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. 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. PART 3--IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLIC, Required Sources of Supplies and Services. (d) Subcontractor Certified Cost or Pricing Data. 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. Obtain certified cost or pricing data from prospective sources for those acquisitions (such as subcontracts, purchase orders, material order, etc.) System for Award Management-www.sam.gov Increase in Equity Value. From 2011-2015, Acadia's debt grew 66% compounded annually to $2.3 billion . (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. (3) The contracting officer shall ensure that data used to support price negotiations are sufficiently current to permit negotiation of a fair and reasonable price. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. The threshold for obtaining certified cost or pricing data is $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or after July 1, 2018.When a clause refers to this threshold, and if the threshold is adjusted for inflation pursuant to 1.109(a), then pursuant to 1.109(d) the changed threshold applies throughout the remaining term of the contract, unless there is a subsequent threshold adjustment. Policy - FAR 19.201 What is the Preferred Method to describe requirements? The contracting officer shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. This approach has been constantly refined over the years, without having produced any noticeable Increase in Value of Equity as ROE Increase. 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. The fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. Which type of contract requires a vendor to give their "best effort"? -Optional use Federal Supply Schedules -Sufficient justification for the authority cited This right applies whether these data supported subcontract cost estimates or supported firm agreements between subcontractor and contractor. Acquisition Category (ACAT) - AcqNotes (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. . Such offsets need not be in the same cost groupings (e.g., material, direct labor, or indirect costs). The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. Wiki User 2017-06-15 17:26:11 (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. 4. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). (1) The contracting officer shall obtain certified cost or pricing data only if the contracting officer concludes that none of the exceptions in 15.403-1(b) applies. (e) Subcontractor Certified Cost or Pricing Data-Modifications. 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. Military Personnel - 1 year Some firm-fixed-price contracts may entail substantially less cost risk than others because, for example, the contract task is less complex or many of the contractors costs are known at the time of price agreement, in which case the risk factor should be reduced accordingly. the contracting officer or the source selection authority INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. - independently owned and operated, and is not dominant in the field of operation. PART 2--DEFINITIONS OF WORDS AND TERMS 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. (iii) Use the clause 52.215-23 with its Alternate I when the contracting officer determines that the prospective contractor has demonstrated that its functions provide added value to the contracting effort and there are no excessive pass-through charges. (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. 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. (3) When field pricing assistance is requested, contracting officers are encouraged to team with appropriate field experts throughout the acquisition process, including negotiations. 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. (c) Contracting officers shall not require certification at the time of agreement for data supplied in support of FPRAs or other advance agreements. Enter the cutoff date required by the contract, if applicable. (5) If there is more than one prospective subcontractor for any given work, the contractor need only submit to the Government certified cost or pricing data for the prospective subcontractor most likely to receive the award. Chapter 3 LS Flashcards | Chegg.com Contracting Officer must not: 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. Facts that lead to the decision, or findings Considerations include the complexity of the items required, the number of purchase orders and subcontracts to be awarded and administered, whether established sources are available or new or second sources must be developed, and whether material will be obtained through routine purchase orders or through complex subcontracts requiring detailed specifications. The requirements apply as a matter of policy to other Federal agencies. (a) When certified cost or pricing data are required, the contracting officer shall require the contractor to execute a Certificate of Current Cost or Pricing Data, using the format in this paragraph, and must include the executed certificate in the contract file. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. Annual run rate synergies of $28 million are expected to be achieved by the third year. (ii) For agencies other than DoD, NASA, and the Coast Guard, a price is also based on adequate price competition when, (A) There was a reasonable expectation, based on market research or other assessment, that two or more responsible offerors, competing independently, would submit priced offers in response to the solicitation's expressed requirement, even though only one offer is received from a responsible offeror and if-, (1) Based on the offer received, the contracting officer can reasonably conclude that the offer was submitted with the expectation of competition, e.g., circumstances indicate that, (i) The offeror believed that at least one other offeror was capable of submitting a meaningful offer; and, (ii) The offeror had no reason to believe that other potential offerors did not intend to submit an offer; and, (2) The determination that the proposed price is based on adequate price competition and is reasonable has been approved at a level above the contracting officer; or. furnished property is available and accounted for Tradeoffs Which of the following individuals has expressed authority to enter into and administer contracts and is responsible for ensuring? 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. (5) Field pricing information and other reports may include proprietary or source selection information (see 2.101). (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. chapter 271 and 41 U.S.C. and depending on the size of the acquisition or disposition, may require . 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements 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. However, please be advised that the increase in the simplified acquisition threshold to $250,000 does not apply for Buy America purposes, as the small purchase amount is established at $150,000 in FTA's . Sangoma's head office is located at 100 Renfrew Drive, Suite 100, Markham, Ontario. (C) Conversion-related indirect costs. 14,803 2. quality assurance surveillance plan (QASP), IMPORTANCE OF ESTABLISHING/MAINTAINING THE COR FILE: As a minimum, the COR's file should contain, x technical progress reports and financial status report, IDENTIFY THE ACTIVITIES IN THE CONTRACT AWARD PROCESS: The __ is the automated contracting system, FREQUENTLY USED CONTRACT TYPES: Which selection below describes a fixed price contract, . The complexity and circumstances of each acquisition should determine the level of detail of the analysis required. Enter appropriate cost elements. (2) 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 replace clause 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, with its Alternate I. A. Our acquisition regulations provide foundation on which the acquisition is based and legally delegate which type of authority to the contracting . 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. Cost, schedule and capability or performance constraints Created by. (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. Quarterly B. -Technical and Requirements personnel are responsible for submitting J&A. . 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. (6) If a change or modification calls for essentially the same type and mix of work as the basic contract and is of relatively small dollar value compared to the total contract value, the contracting officer may use the basic contracts profit or fee rate as the prenegotiation objective for that change or modification. (1) Common factors. 3701(2) and 41 U.S.C.3501(a)(3)). Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority, The phases of the services acquisition process are, The technical experts and nominated COR are usually involved in evaluating, You are monitoring a custodial contract (bathroom), When assessing a contractor's performance, Which of the following statements (false), Which selection best describes the preferred relationship, as a COR, establishing a joint partnership with your Contracting Officer, Our acquisition regulations provide the foundation, The competition in Contract Act requires that, The services contracting that the Government prefers not to use, The COR's authority is delineated in which document, Failure of the government to pay the contractor within 30 days, The purpose of market research is to maximize the capabilities, To have an effective acquisition team, it is important that you choose a group, What is the COR's primary purpose in performing an inspection, determine whether the completed supplies and services, The __ is the statutory requirement that ensures, Which of the following would not be fraudulent, accepting an unsolicited gift Valued at $15, The COR will be evaluating a contractor's performance using the ___, quality assurance surveillance plan (QASP), Which selection below describes a fixed price contract, the governments obligation to pay the agreed-upon price regardless, DAU CLC 206, COR IN A CONTINGENCY ENVIRONMENT, Metalle herstellen ( Oxidationsreihe Metalle), John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management.

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