Active Feature-value Acquisition 2.1. Over $13.5 Million - $93 Million - Head of the Contracting Activity The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. When this result is negative, place the amount in parentheses. Unless it is clearly inappropriate or not applicable, each factor outlined in paragraphs (d)(1)(i) through (vi) of this subsection shall be considered by agencies in developing their structured approaches and by contracting officers in analyzing profit, whether or not using a structured approach. (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. The authorization for the waiver and the supporting rationale shall be in writing. 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 SAT can vary depending on the particular acquisition situation. However, the auditor may discuss statements of facts with the contractor. SUBCHAPTER A--GENERAL The FAR Matrix is located in what FAR Part? A widely used method of measuring operating effectiveness Financial statements should be reviewed A. Increase in Equity Value. (k) Notification of Ownership Changes. INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. Acquisition background and objectives 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 . Sources and Competition 2377. 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. The initial cost estimate must be completed before entry into the execution phase and must be updated annually. What is the method of procurement and synopsis for a requirement $15-$25K? Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . What are the three types of indefinite delivery contracts? What are the two most common types of best Value evaluations? How long do you have to definitize a letter contract. (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. (iii) In arriving at the amount due for penalties on contracts where the submission of defective certified cost or pricing data was a knowing submission, the contracting officer shall obtain an amount equal to the amount of overpayment made. What are the maximum amount of years for a service or supply contracts? Price means cost plus any fee or profit applicable to the contract type. (2) The contracting officer shall tailor the type of information and level of detail requested in accordance with the specialized resources available at the buying activity and the magnitude and complexity of the required analysis. Jimmy Snyder Musician, If it is conducted in conjunction with a program should-cost review, a separate overhead should-cost review report is not required. furnished property is available and accounted for Requiring certified cost or pricing data (10 U.S.C. ray_harris9. (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. (B) The prior price must be adjusted to account for materially differing terms and conditions, quantities and market and economic factors. The contracting officer shall, (1) Insert the clause at 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, in solicitations and contracts when the clause prescribed in paragraph (c) of this section is included; or. Also provide data showing the basis for establishing source and reasonableness of price. What is a Justification and Approval (J&A)? The HCA may consider waiving the requirement if the price can be determined to be fair and reasonable without submission of certified cost or pricing data. Contracting officers shall -. L. 85-804 shall be accomplished as expeditiously as practicable, consistent with the care, restraint, and . Justification and agency approval must be documented in the contract file. 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. (4) Subject to paragraphs (b)(5) and (6) of this subsection, the contracting officer shall allow an offset for any understated certified cost or pricing data submitted in support of price negotiations, up to the amount of the Governments claim for overstated pricing data arising out of the same pricing action (e.g., the initial pricing of the same contract or the pricing of the same change order). The phases of the services acquisition process are. (a) General. What is Other than Full and Open Competition? Military Construction - 5 years, prohibits federal employees from authorizing an expenditure of funds in excess of the amount available. Estimated dollar value -Optional use Federal Supply Schedules (5) An offset shall be allowed only in an amount supported by the facts and if the contractor-, (i) Certifies to the contracting officer that, to the best of the contractors knowledge and belief, the contractor is entitled to the offset in the amount requested; and. (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. The fees are additional dollars paid to the contractor based upon the contractor meeting or . Its title or full text. (3) The name, position, and organization of each person representing the contractor and the Government in the negotiation. 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. prefers not to use Make negotiated equitable adjustments and definitize change orders, Provide technical direction that does not change the contract in accordance with the Letter of designation received from the Contracting officer. (B) For acquisitions funded by DoD, NASA, or Coast Guard, such modifications of a commercial product are exempt from the requirement for submission of certified cost or pricing data provided the total price of all such modifications under a particular contract action does not exceed 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. Approvals needed. -Required by statute. (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. Also, if you desire to retain these items or any portion of them, indicate the amount offered for them. (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). (b) The contracting officers primary concern is the overall price the Government will actually pay. The contracting officer shall not reprice the contract solely because the profit was greater than forecast or because a contingency specified in the submission failed to materialize. A complete discussion of supporting documentation can be found at paragraph 060106 of this . The acquisition price of a company is the total consideration paid for the company on an agreed date. (v) Major system or program. 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. 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. (4) General access to the offerors books and financial records is limited to the auditor. For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . Affect more than one contract action 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. (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. The contracting officer shall-. (b) The auditor shall send a copy of the estimating system survey report and a copy of the official notice of corrective action required to each contracting office and contract administration office having substantial business with that contractor. 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. This is because the act is one of potential fraud. (A) Material acquisition. -Use at least 2 quotes from two sources not used before. Cost, schedule and capability or performance constraints A copy of the information submitted to the contracting officer by field pricing personnel shall be provided to the audit agency. If there has been a significant time lapse between the last acquisition and the present one, if the terms and conditions of the acquisition are significantly different, or if the reasonableness of the prior price is uncertain, then the prior price may not be a valid basis for comparison. On-going Contracting Officer must not: However, the findings and recommendations of the overhead should-cost team, or any separate overhead should-cost review report, shall be provided to the ACO. (e) If certified cost or pricing data are requested by the Government and submitted by an offeror, but an exception is later found to apply, the data shall not be considered certified cost or pricing data and shall not be certified in accordance with this subsection. (i) The probable cost may differ from the proposed cost and should reflect the Governments best estimate of the cost of any contract that is most likely to result from the offerors proposal. (C) There is no finding that the price of the otherwise successful offeror is unreasonable. Operations & Maintenance - 1 year The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. With this deal, the combined value of the company amounts to $1.3 billion. On January 1, 2012, Solis Co. issued its 10% bonds in the face amount of $4,000,000, which mature on January 1, 2022. The contracting officer shall insert the provision at 52.215-16, Facilities Capital Cost of Money, in solicitations expected to result in contracts that are subject to the cost principles for contracts with commercial organizations (see subpart 31.2). (4) Patent application serial numbers, or other basis on which the royalty is payable. Increase competition When prospective contractors are required to submit proposed make-or-buy programs, the solicitation shall include-, (1) A statement that the program and required supporting information must accompany the offer; and. What is the Competition Advocate and what are they responsible for? Policy - FAR 19.201 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. For example, distributing costs equally among line items is not acceptable except when there is little or no variation in base cost. 2.Very costly and long-lead time, The process of creating and issuing federal regulations. Acquisition Detail - purchase order number, donation source or gift source 9. Current Projects. Research, Development, Test and Evaluation (RDT&E) - 2 years "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 . ARB Coordinator. Explain the basis for the estimates, including identification of any provision for experienced or anticipated allowances, such as shrinkage, rework, design changes, etc. The fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. The statement of applicability may state that the information in the part applies to a distinct set of acquisitions, does not apply to a distinct set of acquisitions, or both. The Economy Act gives us the authority to use another organization to obtain the supplies or services that we need, T&M contracts provide for acquiring supplies or services on the basis of - -Urgency of requirement If this situation occurs in any fixed-price incentive or cost-plus-incentive-fee contract, the contracting officer shall specify these items in the contract and state that they are subject to paragraph (d) of the clause at 52.215-9, Changes or Additions to Make-or-Buy Program (see 15.408(a)). (5) Field pricing information and other reports may include proprietary or source selection information (see 2.101). True or False False The difference between market value and acquisition value assessments is substantially larger for households . (2) The Government may use various cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition. and WHITEHOUSE STATION, N.J., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Murphy USA announced an agreement to acquire QuickChek Corporation ("QuickChek") in an all-cash transaction for . This method may be used for commercial products or commercial services including those of a type or when requiring minor modifications for commercial products.
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