depending upon the estimated dollar value of the acquisition

These should-cost reviews may be performed together or independently. (b) The contracting officer shall establish prenegotiation objectives before the negotiation of any pricing action. Raw materials, commercial products, commercial services (see 2.101), and off-the-shelf items (see 46.101) shall not be included, unless their potential impact on contract cost or schedule is critical. A copy of the memorandum or other notice of the contracting officers determination shall be provided to the contractor. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. For this test only the first part of the text of the question is displayed. What are Determination and Findings (D&F)? The scope and depth of the analysis supporting the objectives should be directly related to the dollar value, importance, and complexity of the pricing action. a) The authority conferred by Pub. What are the 4 major sources of law in Zimbabwe? 4. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). (i) Whenever circumstances permit, the contracting officer and field pricing experts are encouraged to use telephonic and/or electronic means to request and transmit pricing information. (iii) Level of noncompetitive Government contracts. Acquisition Detail - purchase order number, donation source or gift source 9. Firm _____________________________________________, Signature _________________________________________, Name ____________________________________________, Title _____________________________________________, Date of execution***________________________________. 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. determine whether the completed supplies and services, DIFFERENCE BETWEEN ACTUAL/EXPRESS, IMPLIED, AND APPARENT AUTHORITY: Which of the following individuals has expressed authority, RECOGNIZE THE IMPORTANCE OF COMPETITION: The __ is the statutory requirement that ensures, RECOGNIZE ETHICS REGULATIONS PROCUREMENT PERSONNEL: Which of the following would not be fraudulent, . -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) Consequently, award of any lower-tier subcontract expected to exceed the certified cost or pricing data threshold requires the submission of certified cost or pricing data unless-, (i) An exception otherwise applies to the subcontract; or. Option was synopsized IAW FAR Part 5 (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. (c) Price Reduction for Defective Certified Cost or Pricing Data-Modifications. Select offer is the most advantageous to the government Civilian agencies, other than NASA, must furnish copy of approved deviation to the FAR Secretariat, Affect only one contract action Justification and agency approval must be documented in the contract file. L. 110-181 ). 1.Begin with Research and Development (A) The prior price must be a valid basis for comparison. 6.302-5 - Authorized or required by statute Complexity s. tatutory authority. Where is the balance assigned to the non-controlling interest reported in the consolidated balance sheet? . 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. Law The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. that, in the Government's estimation, provides the greatest overall benefit in response to the requirement. 3. However, if the contracting officer has reason to believe exceptional circumstances exist and has sufficient data available to determine a fair and reasonable price, then the contracting officer should consider requesting a waiver under the exception at 15.403-1(b)(4). (3) Contracting officers shall use the Government prenegotiation cost objective amounts as the basis for calculating the profit or fee prenegotiation objective. Acquisition Streamlining Procurement Monies - 3 years Subject to the authorities in 1.301(c), agencies making noncompetitive contract awards over $100,000 totaling $50 million or more ayear-, (i) Shall use a structured approach for determining the profit or fee objective in those acquisitions that require cost analysis; and. EL DORADO, Ark. (5) The contracting officer shall not require any prospective contractor to submit breakouts or supporting rationale for its profit or fee objective but may consider it, if it is submitted voluntarily. -Urgency of requirement (4) Replace the basic clause 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. Photo: Bloomberg. 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. (5) Field pricing information and other reports may include proprietary or source selection information (see 2.101). Definite Quantity Contract At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. (c) If certified cost or pricing data are requested and submitted by an offeror, but an exception is later found to apply, the data must not be considered certified cost or pricing data as defined in 2.101 and must not be certified in accordance with 15.406-2. The negotiation of a contract type and a price are related and should be considered together with the issues of risk and uncertainty to the contractor and the Government. Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. Price Changes. 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 1. (1) The contracting officer should request field pricing assistance when the information available at the buying activity is inadequate to determine a fair and reasonable price. (i) In addition to the price adjustment, the Government is entitled to recovery of any overpayment plus interest on the overpayments. The expertise of on-site Government personnel should be used, when appropriate. The contractor shows his appreciation by offering you box tickets to your university's football game. What is significant depends upon the circumstances of each acquisition. Phasos of the Services Acquisrt:ion Procoss 4 Reqmr.menls Oeflndlon 5. What are the two basic types of contracts? Past experience 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. In support of subcontract costs, submit a listing of all subcontracts subject to repricing action, annotated as to their status. The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. With this deal, the combined value of the company amounts to $1.3 billion. Trade shows (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. The KO must exercise the option prior to end date of the current period of performance. "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. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. Can you accept these tickets? For example, distributing costs equally among line items is not acceptable except when there is little or no variation in base cost. Enter the net cost of change, which is the cost of work added, less the net cost to be deleted. 2. -Excess from other agencies c. Verify that required department of labor and equal employment opportunity documents are posted in view of employees, In the interval between the release of the solicitation and contract award, all contact with potential or actual offerors, relating to a certain acquisition, should be coordinated through, The ________ is the automated contracting system that standardizes procurement processes across DoD. Which type of contract requires a vendor to give their "best effort"? In the event the amounts are not segregated in or otherwise available from your records, enter in this column your best estimates. The choice of contract type to be used in a solicitation depends on the: The COR will be evaluating a contractor's performance using the ____, As a COR, establishing a joint partnership with your contacting officer is critical for ensuring mission success, as is establishing a professional relationship with your contractor. Analyze the certified cost or pricing data and submit the results of your analysis of the prospective sources proposal.When submission of a prospective sources certified cost or pricing data is required as described in this paragraph, it must be included as part of your own certified cost or pricing data. Copies of updated information that will significantly affect the audit should be provided to the auditor by the contracting officer. plan, develop, execute . CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. Central banks attempt to limit inflation . Before applying profit or fee factors, the contracting officer shall exclude any facilities capital cost of money included in the cost objective amounts. (2) Except as provided in paragraph (h)(3) of this section, when an offeror for a contract or a task or delivery order informs the contracting officer pursuant to 52.215-22 that it intends to award subcontracts for more than 70 percent of the total cost of work to be performed under the contract, task or delivery order, the contracting officer shall. -Price analysis accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . 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 dollar value will be supported by appropriate documentation. Sangoma's head office is located at 100 Renfrew Drive, Suite 100, Markham, Ontario. -Requires approvals 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. On-going 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. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. Milestones (at which decisions should be made) Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. What are the three types of indefinite delivery contracts? 3701(2) and 41 U.S.C.3501(a)(3)). (b) Policy. Profit consideration should correspond to the managerial and technical effort involved. (4) The requirement for necessary preaward or postaward access to offerors records. Acquisition Type - purchased, leased, or donated (gift) 8. as a COR, establishing a joint partnership with your Contracting Officer, TYPES OF CONTRACT CHANGES: With regard to contract modifications, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: A nominated COR frequently is asked, IDENTIFY DIFFERENCE ACTUAL/EXPRESS, IMPLIED, APPARENT AUTHORITY: Our acquisition regulations provide the foundation, RECOGNIZE IMPORTANCE OF COMPETITION: The competition in Contract Act requires that, IDENTIFY THE CATEGORIES OF CONTRACTS: The services contracting that the Government prefers not to use, IDENTIFY THE CORS ETHICAL RESPONSIBILITIES: Your personal and professional conduct influences, RECOGNIZE THE DUTIES AND FUNCTIONS EXPECTED OF A COR: The COR's authority is delineated in which document, IDENTIFY PROPER INVOICE REQUIREMENTS: Failure of the government to pay the contractor within 30 days, IDENTIFY THE ACTIVITIES PERFORMED IN PLANNING THE ACQUISITION: The purpose of market research is to maximize the capabilities, EFFECTIVE ACQUISITION TEAM: To have an effective acquisition team, it is important that you choose a group, IDENTIFY PERFORMANCE ASSESSMENT RESPONSIBILITIES: What is the COR's primary purpose in performing an inspection, . the contracting officer or the source selection authority. 12,816. (10) The basis for the profit or fee prenegotiation objective and the profit or fee negotiated. (ii) The contracting officer shall, to the maximum extent practicable, limit the scope of the request for data relating to commercial products or commercial services to include only data that are in the form regularly maintained by the offeror as part of its commercial operations. 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. PART 2--DEFINITIONS OF WORDS AND TERMS Include the current estimates of what the cost would have been to complete the deleted work not yet performed (not the original proposal estimates), and the cost of deleted work already performed.