Wide Area Work Flow (WAWF) is a paperless contracting DOD wide application designed to eliminate paper form the receipts and acceptance process of the DOD. A solicitation used in negotiated procurements to communicate government requirements to prospective contractors and to solicit proposals or offers from is a/an? -Sufficient justification for the authority cited What is the pre-solicitation published time? 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. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition: . A copy of the memorandum or other notice of the contracting officers determination shall be provided to the contractor. Closing or cutoff dates should be included as part of the data submitted with the proposal and, before agreement on price, data should be updated by the contractor to the latest closing or cutoff dates for which the data are available. (d) Change order authority.Contracting officers may authorize COR change order authority in accordance with the limitations in . (iii) Use the clause 52.215-23 with its Alternate I when the contracting officer determines that the prospective contractor has demonstrated that its functions provide added value to the contracting effort and there are no excessive pass-through charges. When you feel like it C. Monthly D. When net income is negative C. Monthly Companies should recognize inventory as an expense when purchased. This certification includes the cost or pricing data supporting any advance agreements and forward pricing rate agreements between the offeror and the Government that are part of the proposal. (1) Profit or fee prenegotiation objectives do not necessarily represent net income to contractors. Conditions that may affect the agreements validity shall be reported promptly to the ACO. Its title or full text. (6) Recommendations or conclusions regarding the Governments review or analysis of an offerors or contractors proposal shall not be disclosed to the offeror or contractor without the concurrence of the contracting officer. Section 826 establishes additional requirements in subsection (c) of 10 U.S.C. (i) Technical, audit, and special reports associated with the cost elements of a proposal, including subcontracts; (ii) Information on related pricing practices and history; (iii) Information to help contracting officers determine commerciality and a fair and reasonable price, including-. (i) In addition to the price adjustment, the Government is entitled to recovery of any overpayment plus interest on the overpayments. Contracting Officer must not: 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. True or False False (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. When this result is negative, place the amount in parentheses. 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. Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. Planning the purchase should begin at the earliest practicable time. estimates? (ii) The contracting officer should be notified immediately of any information disclosed to the auditor after submission of a report that may significantly affect the audit findings and, if necessary, a supplemental audit report shall be issued. Decision, or approval. - Contractor's technical capability and financial responsibility Seven statutory exceptions. On-going In support of subcontract costs, submit a listing of all subcontracts subject to repricing action, annotated as to their status. Jimmy Snyder Musician, These should-cost reviews may be performed together or independently. (b) Actions authorized under Pub. -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) Competition in Contracting Act (CICA) chapter 271 and 41 U.S.C. The completed field pricing assistance results may reference audit information, but need not reconcile the audit recommendations and technical recommendations. 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. Should-cost reviews differ from traditional evaluation methods because they do not assume that a contractors historical costs reflect efficient and economical operation. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. (2) The contracting officer shall insert the clause with its Alternate I when contracting without adequate price competition or when prescribed by agency regulations. Boeing ($22.0 bn) Northrop Grumman ($19.7 bn) General Dynamics ($16.4 bn) Raytheon ($16.1 bn) In the same period, small business contracts totalled $96.8 billion. What is the policy for providing for full and open competition? Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. They assist in the contracting officers determination of fair and reasonable price. (b) The contracting officer shall establish prenegotiation objectives before the negotiation of any pricing action. Applies if: Solis uses the effective-interest method of amortizing bond premium. 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. A document sent to prospective contractors by a Government agency, requesting the submission of offers or information. Increase in Value of Equity. 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. When a forward pricing rate agreement or other advance agreement is used to price a contract action that requires a certificate, the certificate supporting that contract action shall cover the data supplied to support the FPRA or other advance agreement, and all other data supporting the action. What is the Competition Advocate and what are they responsible for? The objective of proposal analysis is to ensure that the final agreed-to price is fair and reasonable. (2) Consider losses or profits realized or anticipated under other contracts. 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-. Policy What is a Justification and Approval (J&A)? Principles of full & open competition Considerations include how labor in the overhead pools would be treated if it were direct labor, whether elements within the pools are routine expenses or instead are elements that contribute significantly to the proposed contract, and whether the elements require routine as opposed to unusual managerial effort and attention. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. Justification and Approval (J&A)/Sole Source. Any discrepancy or mistake of fact (such as duplications, omissions, and errors in computation) contained in the certified cost or pricing data or data other than certified cost or pricing data submitted in support of a proposal shall be brought to the contracting officers attention for appropriate action. 7. Government? Plan of Action For this test only the first part of the text of the question is displayed. Acquisition Premium: An acquisition premium is the difference between the estimated real value of a company and the actual price paid to obtain it. Ellipses indicate no dollar value. trade-offs made or relied on by the KO, including benefits associated with additional costs. adds more specific information to information stated in the FAR. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. (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. Overpayments do not result from amounts paid for contract financing, as defined in 32.001. 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. (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. (m) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications. Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? Determination of contract type should be closely related to the risks involved in timely, cost-effective, and efficient performance. x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. Enter those necessary and reasonable costs that in your judgment will properly be incurred in completing the remaining work to be performed under the contract with respect to the item(s) to which your proposal relates. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . C. Other Than Full and Open Competition (2) At a minimum, the technical analysis should examine the types and quantities of material proposed and the need for the types and quantities of labor hours and the labor mix. According to the JN+A and HVS Design Hotel Cost Estimating Guide for 201 9, the detailed cost average expense per room for a hotel guestroom renovation is $18,218. true. shall be commensurate with the complexity and dollar value of the acquisition. (v) Designation of the plant or division proposed to make each item or perform each work effort, and a statement as to whether the existing or proposed new facility is in or near a labor surplus area. , when the estimated value equals or exceeds $25,000, but is less than $182,000 , unless an exception at FAR 25.401 or 225.401 applies. 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. What are the three types of indefinite delivery contracts? -Solicit quotations based on personal preference. Amount of info already available. STRUCTURE OF THE FAR TO THE SUBPART LEVEL A. (3) Cost realism analyses may also be used on competitive fixed-price incentive contracts or, in exceptional cases, on other competitive fixed-price-type contracts when new requirements may not be fully understood by competing offerors, there are quality concerns, or past experience indicates that contractors proposed costs have resulted in quality or service shortfalls. (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. (2) Prices set by law or regulation. plan, develop, execute . River Plantation Flood Map, Compatibility with other systems 2. The extent of planning and research will vary, depending on such factors as estimated dollar value, complexity, and Identification of the . 50% of the cash consideration payable by the Company for the Acquisition will be lent by Sure Victor to China Rongsheng, a subsidiary of Value Link and therefore a subsidiary of the Company upon . Option is the most advantageous method of fulfilling the need At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. Cost - the cost of the purchased software 12. excluded. 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 . The reasons must include the consideration given to the evaluation factors described in the solicitation and must be in sufficient detail to permit the contracting officer to evaluate the categorization or proposal. (b) Contracting officers will use FPRA rates as bases for pricing all contracts, modifications, and other contractual actions to be performed during the period covered by the agreement. At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. (1) Common factors. Taking into consideration the advisory recommendations, reports of contributing specialists, and the current status of the contractors purchasing system, the contracting officer is responsible for exercising the requisite judgment needed to reach a negotiated settlement with the offeror and is solely responsible for the final price agreement. (D) A statement that interest will continue to accrue until repayment is made. Actual decision, or determination The documentation (e.g., price negotiation memorandum (PNM)) shall include the following: (1) The purpose of the negotiation. (B) The partial termination settlement plus the estimate to complete the continued portion of the contract exceeds the pertinent threshold set forth at paragraph (a)(1) of this subsection (see 49.105(c)(15)). An official website of the General Services Administration. Full and Open Competition Citation of the FAR that it prescribes What requirements must be fulfilled to exercise an option? (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. This right applies whether these data supported subcontract cost estimates or supported firm agreements between subcontractor and contractor. (i) Obtain whatever data are available from Government or other secondary sources and use that data in determining a fair and reasonable price; (ii) Require submission of data other than certified cost or pricing data, as defined in 2.101, from the offeror to the extent necessary to determine a fair and reasonable price ( 10 U.S.C.
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