(2) Unless prohibited because an exception at 15.403-1(b) applies, the head of the contracting activity, without power of delegation, may authorize the contracting officer to obtain certified cost or pricing data for pricing actions below the pertinent threshold in paragraph (a)(1) of this subsection, provided the action exceeds the simplified acquisition threshold. 2377. This factor measures the degree of support given by the prospective contractor to Federal socioeconomic programs, such as those involving small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, women-owned small business concerns, veteran-owned, HUBZone, service-disabled veteran-owned small business concerns, sheltered workshops for workers with disabilities, and energy conservation. (2) Contracting officers normally shall not agree to proposed "make items" when the products or services are not regularly manufactured or provided by the contractor and are available-quality, quantity, delivery, and other essential factors considered-from another firm at equal or lower prices, or when they are regularly manufactured or provided by the contractor, but are available-quality, quantity, delivery, and other essential factors considered-from another firm at lower prices. The scope of a should-cost review can range from a large-scale review examining the contractors entire operation (including plant-wide overhead and selected major subcontractors) to a small-scale tailored review examining specific portions of a contractors operation. The contracting officer may use market research conducted within 18 months before the award of any task or delivery order if the information is still current, accurate, and relevant. Broaden industry participation in meeting Government requirements; and 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. Who is Katy mixon body double eastbound and down season 1 finale? (1) Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. Holdings may also distribute its Sangoma Shares to its members. (a) If, before agreement on price, the contracting officer learns that any certified cost or pricing data submitted are inaccurate, incomplete, or noncurrent, the contracting officer shall immediately bring the matter to the attention of the prospective contractor, whether the defective data increase or decrease the contract price. DealSense is the all-in-one system for business valuation, pricing, financing, projecting and evaluating the economics of middle-market mergers and acquisitions including combinations, consolidations and rollups. - = guessed but unknown whether correct or not. Any method of distributing costs to line items that distorts the unit prices shall not be used. (d) Subcontractor Certified Cost or Pricing Data. 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. In addition, provide a summary of your cost analysis and a copy of certified cost or pricing data submitted by the prospective source in support of each subcontract, or purchase order that is the lower of either $15 million or more, or both more than the pertinent certified cost or pricing data threshold and more than 10 percent of the prime contractor's proposed price. )Assumes plantcane crop is sold, and . (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. Define working capital. (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. 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. They are to be used for instruction and professional guidance. adds rules and regulations that are not covered in the FAR. (1) Should-cost reviews are a specialized form of cost analysis. Ellipses indicate no dollar value. (5) When modifying a contract or subcontract for commercial products or commercial services (see standards in paragraph (c)(3) of this section). 1.1 Purpose, Authority, Issuance Urgency (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. Overpayment occurs only when payment is made for supplies or services accepted by the Government. In establishing the reasonableness of the offered prices, the contracting officer-, (1) Shall obtain certified cost or pricing data when required by 15.403-4, along with data other than certified cost or pricing data as necessary to establish a fair and reasonable price; or. 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. (1) When the price negotiation is not based on cost analysis, contracting officers are not required to analyze profit. (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. the contracting officer or the source selection authority, INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting, ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets), . Enter the number of units remaining to be completed under the contract. Price means cost plus any fee or profit applicable to the contract type. (a) The prenegotiation objectives establish the Governments initial negotiation position. -Urgency of requirement 12,816. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. Field pricing assistance is generally available to provide-. Commercial Sources, Multi-agency contracts (MACs): Some firm-fixed-price contracts may entail substantially less cost risk than others because, for example, the contract task is less complex or many of the contractors costs are known at the time of price agreement, in which case the risk factor should be reduced accordingly. What are the Contents of a Written Acquisition Plans? (d) Solicitation requirements. the contracting officer or the source selection authority. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. ray_harris9. -Wholesale Supply Sources (www.gsaglobalsupply.gov) What are some potential sources for conducting market Set-Asides for Small Business Concerns (1) Use the clause 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 clause with its Alternate II if copies of the proposal are to be sent to the ACO and contract auditor; (3) Use the clause with its Alternate III if submission via electronic media is required; and. Enter in Column (9) the production costs from your books and records (exclusive of preproduction costs reported in Column (8)) of the units completed as of the cutoff date. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. (iii) Federal socioeconomic programs. regardless of the dollar value or approval authority, are reported at the Central Peer Review Site. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. for supplies or services currently being provided by a small business and the proposed acquisition is of a quantity or estimated dollar value, the magnitude of which makes it unlikely that small businesses can compete . (a) When certified cost or pricing data are required, the contracting officer shall require the contractor to execute a Certificate of Current Cost or Pricing Data, using the format in this paragraph, and must include the executed certificate in the contract file. Acquisition premium represents the increased . To the maximum extent practicable 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. [1] . Estimated Capacity based upon POW = $250,000 . The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. (5) If certified cost or pricing data were not required in the case of any price negotiation exceeding the certified cost or pricing data threshold, the exception used and the basis for it. Research, Development, Test and Evaluation (RDT&E) - 2 years What are the two major types of contracts? 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 . Acquisition premium represents the increased . (2) Agencies may use another agencys structured approach. Acquisition Detail - purchase order number, donation source or gift source 9. On-going (A) Actual costs previously incurred by the same offeror; (B) Previous cost estimates from the offeror or from other offerors for the same or similar items; (C) Other cost estimates received in response to the Governments request; (D) Independent Government cost estimates by technical personnel; and. (ii) Contract cost risk. Enter the number of units completed during the period for which experienced costs of production are being submitted. . assignment standards and adequately supports the value estimate, and specifically Question One The correct answer is Report to supervisor. When this result is negative, place the amount in parentheses. quality assurance surveillance plan (QASP), IMPORTANCE OF ESTABLISHING/MAINTAINING THE COR FILE: As a minimum, the COR's file should contain, x technical progress reports and financial status report, IDENTIFY THE ACTIVITIES IN THE CONTRACT AWARD PROCESS: The __ is the automated contracting system, FREQUENTLY USED CONTRACT TYPES: Which selection below describes a fixed price contract, . Actual decision, or determination Sole Source The contracting officer immediately shall take appropriate action to obtain the required data. Explain the basis for the estimates, including identification of any provision for experienced or anticipated allowances, such as shrinkage, rework, design changes, etc. (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. Negotiation of extremely low profits, use of historical averages, or automatic application of predetermined percentages to total estimated costs do not provide proper motivation for optimum contract performance. If the HCA has waived the requirement for submission of certified cost or pricing data, the contractor or higher-tier subcontractor to whom the waiver relates shall be considered as having been required to provide certified cost or pricing data. 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, . They are available via the internet at http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html. Evaluate the effectiveness of the various tools of U.S. foreign policy. (B) The prior price must be adjusted to account for materially differing terms and conditions, quantities and market and economic factors. What is Other than Full and Open Competition? System for Award Management-www.sam.gov An acquisition plan may have numerous elements as listed in FAR 7.105; depending upon the estimated cost of the acquisition, these elements include: Statement of need and background Applicable conditions Cost Life cycle costs if applicable Capability or performance Delivery or performance requirements Wiki User 2017-06-15 17:26:11 Currently, acquisition programs are grouped and then managed at the Office of the Secretary of Defense (OSD) by dollar value depending on the dollar value, the OSD provides different levels of oversight and different management processes. 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. (ii) Data other than certified cost or pricing data such as-. Before applying profit or fee factors, the contracting officer shall exclude any facilities capital cost of money included in the cost objective amounts. Describe what illustrations should show about a product. What is the policy for providing for full and open competition? (2) The contracting officer should require the contractor or subcontractor to submit to the Government (or cause submission of) subcontractor certified cost or pricing data below the thresholds in paragraph (c)(1) of this subsection and data other than certified cost or pricing data that the contracting officer considers necessary for adequately pricing the prime contract. However, the auditor may discuss statements of facts with the contractor. (A) Two or more responsible offerors, competing independently, submit priced offers that satisfy the Governments expressed requirement; (B) Award will be made to the offeror whose proposal represents the best value (see 2.101) where price is a substantial factor in source selection; and. (b) The certificate does not constitute a representation as to the accuracy of the contractors judgment on the estimate of future costs or projections. If the prospective contractor fails to identify or propose facilities capital cost of money in a proposal for a contract that will be subject to the cost principles for contracts with commercial organizations (see subpart 31.2), facilities capital cost of money will not be an allowable cost in any resulting contract (see 15.408(i)). It applies to the data upon which the judgment or estimate was based. Select offer is the most advantageous to the government (2) Additional factors. (3) Commercial products and commercial services. The contracting officer shall, (1) Insert the clause at 52.215-12, Subcontractor Certified Cost or Pricing Data, in solicitations and contracts when the clause prescribed in paragraph (b) of this section is included; or. 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. (1) Structured approaches (see paragraph (d) of this subsection) for determining profit or fee prenegotiation objectives provide a discipline for ensuring that all relevant factors are considered. -Optional use Federal Supply Schedules (iii) Use of parametric estimating methods/application of rough yardsticks (such as dollars per pound or per horsepower, or other units) to highlight significant inconsistencies that warrant additional pricing inquiry. Actual cost for materials It was driven 18,000 miles in 2018 and 32,000 miles in 2019. . -Price analysis (c) Overhead should-cost review. (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. (5) The contracting officer may request the advice and assistance of other experts to ensure that an appropriate analysis is performed. Covariance Matrix Iris Dataset, The expertise of on-site Government personnel should be used, when appropriate. DealSense is the all-in-one system for business valuation, pricing, financing, projecting and evaluating the economics of middle-market mergers and acquisitions including combinations, consolidations and rollups. * Identify the proposal, request for price adjustment, or other submission involved, giving the appropriate identifying number (e.g., RFP No.). true. Not Exceeding $700K - Contracting Officer This is because the act is one of potential fraud. (c) Commercial products and commercial services. -Extent and nature of proposed subcontract (c) Audit assistance for prime contracts or subcontracts. 3. For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . The purpose of this Policy is to establish the Department of Health and Human Services (HHS) Information Technology Acquisition Review (ITAR) Program. Column(2) minus Column(3) equals Column(4). The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. (3) Contracting officers shall use the Government prenegotiation cost objective amounts as the basis for calculating the profit or fee prenegotiation objective. Assume that the estimated productive life of the machine was 16,000 hours. Purity Ice Cream Company bought a new ice cream maker at the beginning of the year at a cost of$9,000. x subsidiary assets and liabilities are adjusted to reflect acquisition-date fair values net of post-acquisition amortization. Which type of contract arrangement puts the risk This is to certify that, to the best of my knowledge and belief, the cost or pricing data (as defined in section 2.101 of the Federal Acquisition Regulation (FAR) and required under FAR subsection 15.403-4) submitted, either actually or by specific identification in writing, to the Contracting Officer or to the Contracting Officer's representative in support of ________* are accurate, complete, and current as of ________**. Principles of full & open competition -Type and complexity of requirement (1) Whether certified cost or pricing data are required; (2) That, in lieu of submitting certified cost or pricing data, the offeror may submit a request for exception from the requirement to submit certified cost or pricing data; (3) Any requirement for data other than certified cost or pricing data; and. Date and number of inventory requisition 10. (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)). . The FAR Matrix is located in what FAR Part? Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. Each contract action with a total estimated absolute value of $500,000 or greater (*. Competition in Contracting Act (CICA) When you feel like it C. Monthly D. When net income is negative C. Monthly Companies should recognize inventory as an expense when purchased. (2) Audit and field pricing information, whether written or reported telephonically or electronically, shall be made a part of the official contract file (see 4.803(a)(19)). These references provide detailed discussion and examples applying pricing policies to pricing problems. . 1.7 Determinations and Findings (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. 2.1 Definitions (B) Cost data to the extent necessary for the contracting officer to determine a fair and reasonable price. (3) The objective of the overhead should-cost review is to evaluate significant indirect cost elements in-depth, and identify and recommend corrective actions regarding inefficient and uneconomical practices. In conducting this evaluation, the contracting officer shall ensure that the effects of inefficient or uneconomical past practices are not projected into the future. 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. accepting an unsolicited gift valued at $15, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The COR will be evaluating a contractor's performance using the ___, . This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. When a program should-cost review is conducted relative to a contractor proposal, a separate audit report on the proposal is required. Acquisition Considerations, An item that was developed expressly for government use, as long as the contractor paid for all of the developmental costs, and the item is sold in substantial quantities, on a competitive basis, to multiple government offices (State and Federal), minor modifications of a type not customarily available in the commercial marketplace to meet federal government requirements. Requirements Contracts The Services Acquisition Process includes planning, development and execution. PART 2--DEFINITIONS OF WORDS AND TERMS The ARB Coordinators will review packages, schedule and facilitate Pre-ARB and ARB meetings, capture discussions in board minutes, distribute minutes, and coordinate and document approvals/disapprovals. What are some of the factors to consider when (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. 12,816. (3) The first two techniques at 15.404-1(b)(2) are the preferred techniques. List of facts or justification 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE The contracting officer shall insert the clause at 52.215-19, Notification of Ownership Changes, in solicitations and contracts for which it is contemplated that certified cost or pricing data will be required or for which any preaward or postaward cost determination will be subject to subpart 31.2. "We laugh at [venture] firms that . L. 85-804 may not- (1) Be used in a manner that encourages carelessness and laxity on the part of persons engaged in the defense effort; or (2) Be relied upon when other adequate legal authority exists within the agency. This distinction between fact and judgment should be clearly understood. Planning the purchase should begin at the earliest practicable time. (a) Purchase supplies and services from responsible sources at fair and reasonable prices. . develop independent gov. (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. 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. See HHSAR 306.304(a)(1) and 313.501(a)(2)(i) for additional information regarding CO approval of a JOFOC in this dollar range. ".provide maximum practicable opportunities in [Government] acquisitions to small business, veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns. Where the determination of a fair and reasonable price is based on cost analysis, the summary shall address each major cost element. (e) Subcontractor Certified Cost or Pricing Data-Modifications. 2.2 Definitions Clause 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. Section 826 establishes additional requirements in subsection (c) of 10 U.S.C. (vi) Analysis of the results of any make-or-buy program reviews, in evaluating subcontract costs (see 15.407-2). 3. chapter 271 and 41 U.S.C. 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. (1) The contracting officer shall insert the provision at 52.215-22, Limitations on Pass-Through Charges-Identification of Subcontract Effort, in solicitations containing the clause at 52.215-23. (i) Startup work, mobilization, first articles, or first article testing are separate line items; (ii) Base quantities and option quantities are separate line items; or. When performing surveillance on a contract, a COR may be asked to? Its number A document sent to prospective contractors by a Government agency, requesting the submission of offers or information. 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. The research will vary, depending on such factors as urgency, estimated dollar value, complexity, and past experience. 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. (iii) Determined that an exception applied after the data were submitted and, therefore, considered not to be certified cost or pricing data. While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. (c) Contracting officer responsibilities. Identification of the justification rationale [see 8.405-6(a) and (b)] and, if applicable, a demonstration of the proposed contractor's unique qualifications to provide the required supply or service. This factor should compensate contractors proportionately for assuming greater cost risks. a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. ***Insert the day, month, and year of signing, which should be as close as practicable to the date when the price negotiations were concluded and the contract price was agreed to. Increase in Equity Value estimated value, etc., will not be made until each procurement is initiated. Decision, or approval. s. tatutory authority. -Use at least 2 quotes from two sources not used before. This is because the act is one of potential fraud. 30 day response time except for commercial items, services, and construction