(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. 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) Data related to prices (e.g., established catalog or market prices, sales to non-governmental and governmental entities), relying first on data available within the Government; second, on data obtained from sources other than the offeror; and, if necessary, on data obtained from the offeror. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. A widely used method of measuring operating effectiveness Financial statements should be reviewed A. Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. (select all that apply), a. -Optional use Federal Supply Schedules (2) A description of the acquisition, including appropriate identifying numbers (e.g., RFP No.). (b) Policy. (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. They assist in the contracting officers determination of fair and reasonable price. (i) Any acquisition that the contracting officer determines meets the commercial product or commercial service definition in 2.101, or any modification, as defined in paragraph (3)(i) of the commercial product definition, that does not change a commercial product to other than commercial, is exempt from the requirement for certified cost or pricing data. (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 52.215-12, Subcontractor Certified Cost or Pricing Data, with its Alternate I. Purchase Card and is not required to be advertised. Question Two The correct answer is True It is a policy that encourages competition for contracts of government to improve savings through pricing that is competitive. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. The contracting officer shall prepare a memorandum documenting both the determination and any corrective action taken as a result. Capacity is an estimated five-year dollar amount of what an individual could potentially give to the non-profit industry as a whole. A complete discussion of supporting documentation can be found at paragraph 060106 of this . Where is the balance assigned to the non-controlling interest reported in the consolidated balance sheet? true. For example, if certified cost or pricing data were furnished on previous production buys and the contracting officer determines such data are sufficient, when combined with updated data, a waiver may be granted. (ii) Documents the reasons in the contract file. (1) Profit or fee prenegotiation objectives do not necessarily represent net income to contractors. (C) If the contracting officer determines that the information described in paragraph (c)(3)(ii)(B) of this section is not sufficient to determine the reasonableness of price, other relevant information regarding the basis for price or cost, including information on labor costs, material costs and overhead rates may be requested. 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. 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. Law The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. (g) Incorporating make-or-buy programs in contracts. Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. What is significant depends upon the circumstances of each acquisition. ARCHIVED 2029 00 (2005-06-10) General Conditions - Goods or Services (Low Dollar Value) Remarks: Use the following general conditions for Low Dollar Value Competitive and Non-Competitive requirements, for goods or services. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. -Required by statute. (ii) The waiver specifically includes the subcontract and the rationale supporting the waiver for that subcontract. -Adequacy of contractor's accounting system This approach has been constantly refined over the years, without having produced any noticeable A complete discussion of supporting documentation can be found at paragraph 060106 of this . (b) The certificate does not constitute a representation as to the accuracy of the contractors judgment on the estimate of future costs or projections. Increase in Value of Equity. What are the Competition Requirements for Simplified Acquisitions? The prime contractor is responsible for updating a prospective subcontractors data. Acquisition premium represents the increased . The fees are additional dollars paid to the contractor based upon the contractor meeting or . Justification and Approval (J&A)/Sole Source. The information required from a contractor in a make-or-buy program shall be confined to those major items or work efforts that normally would require company management review of the make-or-buy decision because they are complex, costly, needed in large quantities, or require additional equipment or real property to produce. What are the two most common types of best Value evaluations? Government -wide acquisition contracts (GWACS): This factor should compensate contractors proportionately for assuming greater cost risks. 2.2.1 Xxxx Atlantic shall change the prices for Xxxx Atlantic Ancillary Services, from time -to-time, to the extent such change is required by Applicable Law, including, but not limited to, by regulation or order of the Commission, the FCC, or other governmental entity of appropriate jurisdiction. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. -Excess from other agencies (c) Overhead should-cost review. Also, if you desire to retain these items or any portion of them, indicate the amount offered for them. (b) Price each contract separately and independently and not-, (1) Use proposed price reductions under other contracts as an evaluation factor; or. This information must be appropriately identified and protected accordingly. 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. (b) The contracting officers primary concern is the overall price the Government will actually pay. Greater profit opportunity should be provided contractors that have displayed unusual initiative in these programs. -Use at least 2 quotes from two sources not used before. what makes muscle tissue different from other tissues? 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. (B) The contractor assumes the greatest cost risk in a closely priced firm-fixed-price contract under which it agrees to perform a complex undertaking on time and at a predetermined price. -Extent and nature of proposed subcontract (i) Waiver of Facilities Capital Cost of Money. estimated value, etc., will not be made until each procurement is initiated. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. (1) The contracting officer should contact the cognizant audit office directly, particularly when an audit is the only field pricing support required. (1) The contracting officer shall insert the clause at 52.215-14, Integrity of Unit Prices, in solicitations and contracts except for-. 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. For standard commercial products fabricated by the offeror that are generally stocked in inventory, provide a separate cost breakdown, if priced based on cost. 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. 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. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. (4) Waivers. (iii) The modification of any sealed bid or negotiated contract (whether or not certified cost or pricing data were initially required) or any subcontract covered by paragraph (a)(1)(ii) of this subsection. This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. Who Depending upon the estimated dollar value of the acquisition and CLC 106 COR with a Mission Focus : r/StupidArmyTests - reddit furnished property is available and accounted for . (3) When field pricing assistance is requested, contracting officers are encouraged to team with appropriate field experts throughout the acquisition process, including negotiations. (B) Price analysis clearly demonstrates that the proposed price is reasonable in comparison with current or recent prices for the same or similar items, adjusted to reflect changes in market conditions, economic conditions, quantities, or terms and conditions under contracts that resulted from adequate price competition. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition: . chapter 271 and 41 U.S.C. The greatest risks associated with unbalanced pricing occur when-. These include such costs as preproduction engineering, special plant rearrangement, training program, and any identifiable nonrecurring costs such as initial rework, spoilage, pilot runs, etc. plan, develop, execute . (a) General. (2) A description of factors to be used in evaluating the proposed program, such as capability, capacity, availability of small, small disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns for subcontracting, establishment of new facilities in or near labor surplus areas, delivery or performance schedules, control of technical and schedule interfaces, proprietary processes, technical superiority or exclusiveness, and technical risks involved. (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. The documentation shall include a written finding that certified cost or pricing data are necessary to determine whether the price is fair and reasonable and the facts supporting that finding. (2) A program should-cost review should be considered, particularly in the case of a major system acquisition (see part 34), when-. (1) The requirements of this paragraph (h) are applicable to all agencies. (3) Cost analysis shall be used to evaluate the reasonableness of individual cost elements when certified cost or pricing data are required. FAR 8.002(2) Services - 1 . Column (4) minus Column (5) equals Column (6). A copy of the information submitted to the contracting officer by field pricing personnel shall be provided to the audit agency. If the prospective contractor does not propose facilities capital cost of money in its offer, the contracting officer shall insert the clause at 52.215-17, Waiver of Facilities Capital Cost of Money, in the resulting contract. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. 3705(a) and 41U.S.C.3505(a)) if the contracting officer determines that adequate data from sources other than the offeror are not available. What is are the functions of diverse organisms? plan, develop, execute. Select offer is the most advantageous to the government (iv) Capital investments. (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. (g) Pension Adjustments and Asset Reversions. (c) The Governments cost objective and proposed pricing arrangement directly affect the profit or fee objective. (v) Consider the guidance in section 3.3, chapter 3, volume I, of the Contract Pricing Reference Guide cited at 15.404-1(a)(7) to determine the data an offeror shall be required to submit. (h) Facilities Capital Cost of Money. (2) Contracting officers may require prospective contractors to submit make-or-buy programs for negotiated acquisitions whose estimated value is under $15 million only if the contracting officer-, (i) Determines that the information is necessary; and. (vi) Comparison of proposed prices with prices obtained through market research for the same or similar items. (1) Common factors. (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. 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, . Limited competition required to meet requirements The difference between market value and acquisition value assessments is substantially larger for households . 3905: (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contracts estimated cost, excluding fee.
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