For standard commercial products fabricated by the offeror that are generally stocked in inventory, provide a separate cost breakdown, if priced based on cost. Unless the acquisition requires synopsizing: Created by. true The choice of contract type to be used in a solicitation depends on the: All of the answers are correct The COR will be evaluating a contractor's performance using the ____ Quality assurance surveillance plan This subfactor measures the managerial and technical effort needed to obtain the required purchased parts and material, subcontracted items, and special tooling. (10) The basis for the profit or fee prenegotiation objective and the profit or fee negotiated. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. The difference between market value and acquisition value assessments is substantially larger for households . Historical acquisition data The fees are additional dollars paid to the contractor based upon the contractor meeting or . Because profit or fee is only one of several interrelated variables, the contracting officer shall not agree on profit or fee without concurrent agreement on cost and type of contract. What are the Competition Requirements for Simplified Acquisitions? Certificate of Current Cost or Pricing Data. (4) The current status of any contractor systems (e.g., purchasing, estimating, accounting, and compensation) to the extent they affected and were considered in the negotiation. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. Most competitive negotiated acquisitions are awarded in this manner. Ant Fileset Multiple Directories, What is the Competition in Contracting Act (CICA)? (b) Exceptions to certified cost or pricing data requirements. Anamosa Iowa Obituaries, (1) Use the provision with its Alternate I to specify a format for certified cost or pricing data other than the format required by Table 15-2 of this section; (2) Use the provision with its Alternate II if copies of the proposal are to be sent to the ACO and contract auditor; (3) Use the provision with its Alternate III if submission via electronic media is required; and. The FAR applies to all acquisitions as defined in the FAR, except where expressly excluded. (ii) The contracting officer determines that technical or cost risks justify Government review and approval of changes or additions to the make-or-buy program. (4) Cost analysis may also be used to evaluate data other than certified cost or pricing data to determine cost reasonableness or cost realism when a fair and reasonable price cannot be determined through price analysis alone. (d) The requirements of this subsection also apply to contracts entered into by an agency on behalf of a foreign government. -Promoting full and open competition 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. (3) Contracting officers shall use the Government prenegotiation cost objective amounts as the basis for calculating the profit or fee prenegotiation objective. Where the determination of a fair and reasonable price is based on cost analysis, the summary shall address each major cost element. . The current threshold values for federal procurements are US$183,000 for contracts for goods and services and US$7,032,000 for construction contracts. b. will provide a debriefing to the SSA upon request. Statement of need 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. x intra-entity receivables and payables are . A copy of the information submitted to the contracting officer by field pricing personnel shall be provided to the audit agency. PDF Active Feature-Value Acquisition - University of Iowa For all other acquisitions, the PCO may serve as the SSA in accordance with FAR 15.303 unless the Agency head or designee appoints another individual. 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. Explain the basis for the estimates, including identification of any provision for experienced or anticipated allowances, such as shrinkage, rework, design changes, etc. (d) Profit-analysis factors-. (5) When modifying a contract or subcontract for commercial products or commercial services (see standards in paragraph (c)(3) of this section). (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. (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. GSA Advantage - Federal Supply Schedules. (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. chapter 271 and 41 U.S.C. A complete discussion of supporting documentation can be found at paragraph 060106 of this . In order to foster achievement of program objectives, each agency may include additional factors in its structured approach or take them into account in the profit analysis of individual contract actions. awarding a Time and Materials contract? Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . 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. What is are the functions of diverse organisms? Price analysis may include evaluating data other than certified cost or pricing data obtained from the offeror or contractor when there is no other means for determining a fair and reasonable price. This is because the act is one of potential fraud. -Use at least 2 quotes from two sources not used before. 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. River Plantation Flood Map, 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. ray_harris9. However, because of the potential impact on small business participation, before conducting an acquisition that is a consolidation of requirements with an estimated total dollar value exceeding $2 million, the senior procurement executive (SPE) or chief acquisition officer (CAO) shall make a written determination that the consolidation is . 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. -Federal Prison Industries, Inc. (Also known as UNICOR) SUBCHAPTER A--GENERAL commercial item? Fixed price contracts 100% Contractor (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. What are the response times for commercial items and R&D? 3705(b) and 41 U.S.C. How do you determine whether a particular policy or procedure stated in the FAR applies to a given acquisition? (3) Both the Government and contractors should be concerned with profit as a motivator of efficient and effective contract performance. (2) The contracting officer shall not request a separate preaward audit of indirect costs unless the information already available from an existing audit, completed within the preceding 12 months, is considered inadequate for determining the reasonableness of the proposed indirect costs ( 41 U.S.C.4706 and 10 U.S.C. This subfactor measures the contribution of direct engineering, manufacturing, and other labor to converting the raw materials, data, and subcontracted items into the contract items. ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) Estimated Capacity based upon POW = $250,000 . (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)). 1.5 Agency and Public Participation The median Series A deal had a pre-money valuation of $20 million. Paya Inc., an integrated Payments company, announced on Monday its merger with FinTech Acquisition Corp III, a special purpose acquisition company (SPAC), thus, confirming its listing on NASDAQ. ARB . (c) Acquisitions requiring make-or-buy programs. (i) Except as provided in paragraph (n)(2)(ii), the contracting officer shall insert the clause 52.215-23, Limitations on Pass-Through Charges, in solicitations and contracts including task or delivery orders as follows: (A) For civilian agencies, insert the clause when-, (1) The total estimated contract or order value exceeds the simplified acquisition threshold as defined in section 2.101 and, (2) The contemplated contract type is expected to be a cost-reimbursement type contract as defined in subpart 16.3; or, (1) The total estimated contract or order value exceeds the threshold for obtaining cost or pricing data in 15.403-4; and, (2) The contemplated contract type is expected to be any contract type except-. Active Feature-value Acquisition 2.1. (2) Except for the acquisition of commercial products, contracting officers shall require that offerors identify in their proposals those items of supply that they will not manufacture or to which they will not contribute significant value, unless adequate price competition is expected ( 10 U.S.C. What are some of the factors to consider when The Contracting Officer may require you to submit cost or pricing data in support of proposals in lower amounts. Only used when it is not possible, at the time of award, to accurately estimate the extent or duration of the work or to anticipate future costs with a degree of confidence, -Not the same as Multi-year contracts However, proposals shall be evaluated using the criteria in the solicitation, and the offered prices shall not be adjusted as a result of the analysis. (i) A price is based on adequate price competition when. . 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 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. Determine the value of capital assets in the following manner: 30.20.10.a Purchased assets.Use historical costs including all nonrefundable purchase taxes (e.g., sales taxes), and all appropriate ancillary costs less any trade discounts or rebates. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). However, if there are unusual circumstances where it is concluded that additional data are necessary to determine the reasonableness of price, the contracting officer shall, to the maximum extent practicable, obtain the additional data from sources other than the offeror. Holdings may also distribute its Sangoma Shares to its members. May be authorized by the Agency Head unless FAR 1.405(e) is applicable 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. b. (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. (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). -Requires approvals * Identify the proposal, request for price adjustment, or other submission involved, giving the appropriate identifying number (e.g., RFP No.). 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