3322(b) and 41 U.S.C. After completing the negotiation, the contracting officer shall provide the ACO a report of any identified uneconomical or inefficient practices, together with a report of correction or disposition agreements reached with the contractor. 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. At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. (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. (b) The contracting officer shall establish prenegotiation objectives before the negotiation of any pricing action. 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, . Answer (1 of 4): You are correct. Firm _____________________________________________, Signature _________________________________________, Name ____________________________________________, Title _____________________________________________, Date of execution***________________________________. Past experience true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) (d) Profit-analysis factors-. 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-. (ii) Both more than the pertinent certified cost or pricing data threshold and more than 10 percent of the prime contractors proposed price, unless the contracting officer believes such submission is unnecessary. Negotiations aimed merely at reducing prices by reducing profit, without proper recognition of the function of profit, are not in the Governments interest. (2) The offerors program should include or be supported by the following information: (i) A description of each major item or work effort. Limited competition required to meet requirements When the contracting officer determines that the contractor submitted defective cost or pricing data, the contracting officer, in accordance with agency procedures, shall ensure that information relating to the contracting officers final determination is reported in accordance with 42.1503(h). (C) Apply the underpayment interest rate(s) in effect for each quarter from the time of overpayment to the time of repayment, utilizing rate(s) prescribed by the Secretary of the Treasury under 26 U.S.C.6621(a)(2). 1.6 Contracting Authority and Responsibilities A. (C) Conversion-related indirect costs. 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. Enter the number of units completed during the period for which experienced costs of production are being submitted. Before applying profit or fee factors, the contracting officer shall exclude from the pre-negotiation cost objective amounts the purchase cost of contractor-acquired property that is categorized as equipment, as defined in FAR 45.101, and where such equipment is to be charged directly to the contract. 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. PART 2--DEFINITIONS OF WORDS AND TERMS What requirements must be fulfilled to exercise an option? When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. (a) The exercise of an option at the price established at contract award or initial negotiation does not require submission of certified cost or pricing data. (iii) The Government shall not disclose outside the Government data obtained relating to commercial products or commercial services that is exempt from disclosure under 24.202(a) or the Freedom of Information Act ( 5U.S.C.552(b)). 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: (ii) Data other than certified cost or pricing data such as-. These references provide detailed discussion and examples applying pricing policies to pricing problems. Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. Also show how the costs would be allocated to the units at their various stages of contract completion. (b) Price Reduction for Defective Certified Cost or Pricing Data. See 15.408. Just as actual costs may vary from estimated costs, the contractors actual realized profit or fee may vary from negotiated profit or fee, because of such factors as efficiency of performance, incurrence of costs the Government does not recognize as allowable, and the contract type. If a less economical "make" or "buy" categorization is selected for one or more items of significant value, the contracting officer shall use the clause with-, (1) Its Alternate I, if a fixed-price incentive contract is contemplated; or. 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 Wiki User 2017-06-15 17:26:11 Currently, acquisition programs are grouped and then managed at the Office of the Secretary of Defense (OSD) by dollar value depending on the dollar value, the OSD provides different levels of oversight and different management processes. Overpayment occurs only when payment is made for supplies or services accepted by the Government. The Services Acquisition Process includes planning, development and execution. The fees are additional dollars paid to the contractor based upon the contractor meeting or . What is the method of procurement and synopsis for a requirement >$3.5K to 15K? (2) Under cost-reimbursement contracts and under all fixed-price contracts except firm-fixed-price contracts and fixed-price contracts with economic price adjustment, payments to subcontractors that are higher than they would be had there been no defective subcontractor certified cost or pricing data shall be the basis for disallowance or nonrecognition of costs under the clauses prescribed in 15.408(b) and (c). are Task Order or Delivery Order contracts established by one Agency for use by Government Agencies to obtain a variety of supplies and services. requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made. 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. Before taking any contractual actions concerning penalties, the contracting officer shall obtain the advice of counsel. (3) An offer may be rejected if the contracting officer determines that the lack of balance poses an unacceptable risk to the Government. What are some of the factors to consider when 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. Price Changes. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. Cost - the cost of the purchased software 12. When make-or-buy programs are required, the Government may reserve the right to review and agree on the contractors make-or-buy program when necessary to ensure negotiation of reasonable contract prices, satisfactory performance, or implementation of socioeconomic policies. See 86 Fed. True or False False Enter the number of units remaining to be completed under the contract. ARB Coordinator. "Make item," as used in this subsection, means an item or work effort to be produced or performed by the prime contractor or its affiliates, subsidiaries, or divisions. no, the tickets exceed the gratuity dollar threshold of $20, LIST FREQUENTLY USED CONTRACT TYPES: The choice of contract type to be used in a solicitation depends on, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The ___ is the document used to describe the work, - performance work statement or statement of work, IDENTIFY STEPS OF SERVICES ACQUISITION PROCESS: The phases of the services acquisition process are, IDENTIFY THE CORS ETHICAL RESPONSIBILITIES: You notice a contractor offering free lunch, IDENTIFY THE METHODS OF CONTRACTING: A blanket purchase agreement, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: The technical experts and nominated COR are usually involved in evaluating, IDENTIFY THE CATEGORIES OF CONTRACTS: A government preference is non-personal, x change a contractor employees duty hours, IDENTIFY ACTIVITIES PERFORMED IN PLANNING ACQUISITION: The Services Acquisition Process begins with planning, x acquisition planning, market research, acquisition strategy, LIST THE FREQUENTLY DELEGATED CONTRACT ADMINISTRATION DUTIES: when a contractor performs work beyond that required, POOR PERFORMANCE: You are monitoring a custodial contract (bathroom), ESTABLISHING/MAINTAINING COR FILE: As a matter of practice, when a COR holds a discussion, PERFORMANCE ASSESSMENT RESPONSIBILITIES: When assessing a contractor's performance, DUTIES AND FUNCTIONS OF A COR: Which of the following statements (false), IDENTIFY THE ELEMENTS OF CONTRACT PERFORMANCE MANAGEMENT: a properly written ____ focuses on the quality, quantity, timeliness etc, x quality assurance surveillance plan (QASP), EFFECTIVE ACQUISITION TEAM: Which selection best describes the preferred relationship, . From 2011-2015, Acadia's debt grew 66% compounded annually to $2.3 billion . Task Denition and Framework Assume a classier induction problem where each instance is represented with n independent . (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). Capacity is an estimated five-year dollar amount of what an individual could potentially give to the non-profit industry as a whole. What is the method of procurement and synopsis for a requirement $15-$25K? (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. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. -FAR 13.104 - Contracting Officer must promote competition: the expected outcome of an acquisition The difference between each category is dependent on the location of a program in the Acquisition Process, funding amount for Research, Development, Test and Evaluation (RDT&E), total procurement cost, Milestone Decision Authority (MDA) special interest, and decision authority. What type of contract must be awarded for a This is because the act is one of potential fraud. -Promoting the acquisition of commercial items . (ii) The Government proves that the facts demonstrate that the price would not have increased in the amount to be offset even if the available data had been submitted before the "as of" date specified on the Certificate of Current Cost or Pricing Data. (vi) Corporate reorganizations, mergers, acquisitions, or takeovers. Results of the analysis may be used in performance risk assessments and responsibility determinations. assignment standards and adequately supports the value estimate, and specifically Question One The correct answer is Report to supervisor. (3) Court decision. It's important to note, however, that as a good proportion (or indeed all) of the consideration paid could be the equity of the buyer, the acquisition price could depend on how the market reacts to the transaction. -Agency identification (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. Jimmy Snyder Musician, (1) The contracting officer should request that personnel having specialized knowledge, skills, experience, or capability in engineering, science, or management perform a technical analysis of the proposed types and quantities of materials, labor, processes, special tooling, equipment or real property, the reasonableness of scrap and spoilage, and other associated factors set forth in the proposal(s) in order to determine the need for and reasonableness of the proposed resources, assuming reasonable economy and efficiency. (iv) Certified cost or pricing data were required; however, the contractor or subcontractor did not submit a Certificate of Current Cost or Pricing Data relating to the contract. (i) Relied on the certified cost or pricing data submitted and used them in negotiating the price; (ii) Recognized as inaccurate, incomplete, or noncurrent any certified cost or pricing data submitted; the action taken by the contracting officer and the contractor as a result; and the effect of the defective data on the price negotiated; or. The labor elements in the allocable indirect costs should be given the profit consideration they would receive if treated as direct labor. -Promoting full and open competition The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-11, Price Reduction for Defective Certified Cost or Pricing DataModifications, 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) for the pricing of contract modifications, and the clause prescribed in paragraph (b) of this section has not been included.

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