depending upon the estimated dollar value of the acquisitionstone, stick and shell symbols in the mayan empire

(i) The contracting officer shall limit requests for sales data relating to commercial products or commercial services to data for the same or similar items during a relevant time period. They assist in the contracting officers determination of fair and reasonable price. commercial item? While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. 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. The contracting officer shall prepare a memorandum documenting both the determination and any corrective action taken as a result. (b) Price analysis. -Optional use Federal Supply Schedules The Economy Act gives us the authority to use another organization to obtain the supplies or services that we need, T&M contracts provide for acquiring supplies or services on the basis of - x subsidiary assets and liabilities are adjusted to reflect acquisition-date fair values net of post-acquisition amortization. Match. What is the Primary method of contracting for construction? Limited competition required to meet requirements (b) Certified cost or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments. What do the parents perceive as their role to the Day Care worker? -Promoting full and open competition Rather, they represent that element of the potential total remuneration that contractors may receive for contract performance over and above allowable costs. Price Changes. ASD will maintain the site. (1) When the program is to be incorporated in the contract and the design status of the product being acquired does not permit accurate precontract identification of major items or work efforts, the contracting officer shall notify the prospective contractor in writing that these items or efforts, when identifiable, shall be added under the clause at 52.215-9, Changes or Additions to Make-or-Buy Program. (4) Waivers. What are Determination and Findings (D&F)? Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. The contracting officer should require such information in all other negotiated contracts when appropriate. (ii) Proves that the certified cost or pricing data were available before the "as of" date specified on the Certificate of Current Cost or Pricing Data but were not submitted. On-going (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. 1. Can you accept these tickets? (a) The contracting officer is responsible for the determination of a fair and reasonable price for the prime contract, including subcontracting costs. (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. As well, generally internally generated goodwill and other intangible assets can not be recognized on the balance sheet. (3) Both the Government and contractors should be concerned with profit as a motivator of efficient and effective contract performance. The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. (ii) Level of Government participation. (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. 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. (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. (1) Conduct appropriate cost or price analyses to establish the reasonableness of proposed subcontract prices; (2) Include the results of these analyses in the price proposal; and. Its title or full text. -FAR 13.104 - Contracting Officer must promote competition: This provision also provides instructions to offerors on how to request an exception from the requirement to submit certified cost or pricing data. STRUCTURE OF THE FAR TO THE SUBPART LEVEL SUBCHAPTER A--GENERAL PART 1--FEDERAL ACQUISITION REGULATIONS SYSTEM 1.1 Purpose, Authority, Issuance 1.2 Administration 1.3 Agency Acquisition Regulations 1.4 Deviations from the FAR 1.5 Agency and Public Participation 1.6 Contracting Authority and Responsibilities 1.7 . -Does NOT require Congressional Approval. (iii) The evaluated price is the aggregate of estimated quantities to be ordered under separate line items of an indefinite-delivery contract. 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 ________**. (1) Contracting officers decision in accordance with the Contract Disputes statute; (2) Board of Contract Appeals decision; or. They should be based on the results of the contracting officers analysis of the offerors proposal, taking into consideration all pertinent information including field pricing assistance, audit reports and technical analysis, fact-finding results, independent Government cost estimates and price histories. Invitation for Bid - Sealed Bidding - FAR Part 14 (k) Notification of Ownership Changes. collecting and analyzing information about capabilities within the market to satisfy agency needs, The extent of market research will vary, depending upon factors such as: chapter 271 and 41 U.S.C. Acquisition Detail - purchase order number, donation source or gift source 9. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) (5) If there is more than one prospective subcontractor for any given work, the contractor need only submit to the Government certified cost or pricing data for the prospective subcontractor most likely to receive the award. Furnish experienced unit or lot costs (or labor hours) from inception of contract to the cutoff date, improvement curves, and any other available production cost history pertaining to the item(s) to which your proposal relates. Begins when legislation is passed or an executive order is issued that requires regulatory implementation (c) Contracting officers shall not require certification at the time of agreement for data supplied in support of FPRAs or other advance agreements. (5) An offset shall be allowed only in an amount supported by the facts and if the contractor-, (i) Certifies to the contracting officer that, to the best of the contractors knowledge and belief, the contractor is entitled to the offset in the amount requested; and. Life-cycle cost 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. (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. With this deal, the combined value of the company amounts to $1.3 billion. chapter 271 and 41 U.S.C. See 86 Fed. b. will provide a debriefing to the SSA upon request. 2377. Should not exceed 5 years, The product is considered commercial if it retains 50% of its original functionality. This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. 2377. A complete discussion of supporting documentation can be found at paragraph 060106 of this . The estimated cost of equity for Glaxo in December 1994 was Cost of Equity = 8.00% + 1.10 (5.50%) = 14.05% This is the cost of equity, if cash flows are estimated in dollars. (vii) Any recommendations to defer make-or-buy decisions when categorization of some items or work efforts is impracticable at the time of submission. (iv) Any acquisition for other than commercial products or services treated as commercial products or commercial services at 12.102(f)(1), except sole source contracts greater than $20 million, is exempt from the requirements for certified cost or pricing data ( 41 U.S.C.1903). (i) Contractor effort. Over $13.5 Million - $93 Million - Head of the Contracting Activity ray_harris9. The services contracting that the Gov. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. What is the order of priority for the required sources of supply? When residual inventory exists, the final costs established under fixed-price-incentive and fixed-price-redeterminable arrangements should be net of the fair market value of such inventory. (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. What are the response times for commercial items and R&D? The contracting officer shall send one copy of this memorandum to the auditor and, if the contract has been assigned for administration, one copy to the administrative contracting officer (ACO). (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. each acquisition of suppliesor services that has an anticipated dollar value above the micro-purchasethreshold, but not over the simplified acquisition threshold, shall beset aside for small business unless the contracting officer determinesthere is not a reasonable expectation of obtaining offers from twoor more responsible small business 1. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . This clause also provides instructions to contractors on how to request an exception from the requirement to submit certified cost or pricing data. Vermilion's Board of Directors has approved an E&D capital budget of $425 million for 2022 which is expected to deliver annual average production of 83,000 to 85,000 boe/d, excluding any impact . Increase in Equity Value true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). Indefinite Delivery Indefinite Quantity. trade-offs made or relied on by the KO, including benefits associated with additional costs. For interorganizational transfers priced at cost, provide a separate breakdown of cost elements. Seven statutory exceptions. (d) Change order authority.Contracting officers may authorize COR change order authority in accordance with the limitations in . 3701(2) and 41 U.S.C.3501(a)(3)). 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. The contracting officer shall insert the clause at 52.215-9, Changes or Additions to Make-or-Buy Program, in solicitations and contracts when it is contemplated that a make-or-buy program will be incorporated in the contract. (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-. . 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. What are the two most common types of best Value evaluations? -Sufficient justification for the authority cited 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. 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 . Date, quantity, and dollar value of items received into inventory 9. 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 (2) The Government may use various cost analysis techniques and procedures to ensure a fair and reasonable price, given the circumstances of the acquisition. Complexity (iv) Verification that the offeror's cost submissions are in accordance with the contract cost principles and procedures in part 31 and, when applicable, the requirements and procedures in 48 CFR chapter 99, Cost Accounting Standards. To the maximum extent practicable Obtain certified cost or pricing data from prospective sources for those acquisitions (such as subcontracts, purchase orders, material order, etc.) 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. (6) An offset shall not be allowed if-, (i) The understated data were known by the contractor to be understated before the "as of" date specified on the Certificate of Current Cost or Pricing Data; or. (1) Depending upon the extent and complexity of the field pricing review, results, including supporting rationale, may be reported directly to the contracting officer orally, in writing, or by any other method acceptable to the contracting officer. Table 15-2Instructions for Submitting Cost/, http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html, Civilian Agency Acquisition Council (CAAC), Interagency Suspension and Debarment Committee (ISDC), This document provides instructions for preparing a contract. "We laugh at [venture] firms that . requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made. Should-cost reviews differ from traditional evaluation methods because they do not assume that a contractors historical costs reflect efficient and economical operation. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. (1) In those acquisitions that do not require certified cost or pricing data, the contracting officer shall. , 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. When there is a repetitive need for supplies or services. 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. What are some of the factors to consider when When obtaining data from the offeror is necessary, unless an exception under 15.403-1(b)(1) or (2) applies, such data submitted by the offeror shall include, at a minimum, appropriate data on the prices at which the same or similar items have been sold previously, adequate for evaluating the reasonableness of the price. )Assumes plantcane crop is sold, and . -Performed in the United States. (v) Cost-control and other past accomplishments. 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. (a) When certified cost or pricing data are required, offerors are required to describe any forward pricing rate agreements (FPRAs) in each specific pricing proposal to which the rates apply and to identify the latest cost or pricing data already submitted in accordance with the FPRA. Diploma In Nursing At Aga Khan University, (1) Contracting officers may require prospective contractors to submit make-or-buy program plans for negotiated acquisitions requiring certified cost or pricing data whose estimated value is $15 million or more, except when the proposed contract is for research or development and, if prototypes or hardware are involved, no significant follow-on production is anticipated. Task Denition and Framework Assume a classier induction problem where each instance is represented with n independent . The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. (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. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. (1) If, after award, certified cost or pricing data are found to be inaccurate, incomplete, or noncurrent as of the date of final agreement on price or an earlier date agreed upon by the parties given on the contractor's or subcontractor's Certificate of Current Cost or Pricing Data, the Government is entitled to a price adjustment, including profit or fee, of any significant amount by which the price was increased because of the defective data. (3) The name, position, and organization of each person representing the contractor and the Government in the negotiation. They are available via the internet at http://www.acq.osd.mil/dpap/cpic/cp/contract_pricing_reference_guides.html. What is the method of procurement and synopsis for a requirement over $25K, Purchase Order and advertised on FedBizOpps/ASFI, What is the method of procurement and synopsis for a requirement > SAT, Contract and advertised on FedBizOpps/ASFI, Fundamentals of Financial Management, Concise Edition, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. 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. (vii) Analysis of data other than certified cost or pricing data (as defined at 2.101) provided by the offeror. 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. -Description of the supply/service Principles of full & open competition (iii) Document the basis for such determination. The initial cost estimate must be completed before entry into the execution phase and must be updated annually. Pronouncements in the form of periodic rulings, reviews, or similar actions of a governmental body, or embodied in the laws, are sufficient to set a price. (3) The contracting officer should decide which elements of the contractors operation have the greatest potential for cost savings and assign the available personnel resources accordingly. 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE (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. Subcontractor certified cost or pricing data must be accurate, complete and current as of the date of final price agreement, or an earlier date agreed upon by the parties, given on the prime contractors Certificate of Current Cost or Pricing Data. (5) The contracting officer may request the advice and assistance of other experts to ensure that an appropriate analysis is performed. 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements The KO must exercise the option prior to end date of the current period of performance. (3) The clauses referred to in paragraph (b)(1) of this subsection recognize that the Governments right to a price adjustment is not affected by any of the following circumstances: (i) The contractor or subcontractor was a sole source supplier or otherwise was in a superior bargaining position; (ii) The contracting officer should have known that the certified cost or pricing data in issue were defective even though the contractor or subcontractor took no affirmative action to bring the character of the data to the attention of the contracting officer; (iii) The contract was based on an agreement about the total cost of the contract and there was no agreement about the cost of each item procured under such contract; or. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. When performing surveillance on a contract, a COR may be asked to? 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. (2) The contracting officer shall insert the clause with its Alternate I when contracting without adequate price competition or when prescribed by agency regulations. (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. The threshold for obtaining certified cost or pricing data is $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or after July 1, 2018.When a clause refers to this threshold, and if the threshold is adjusted for inflation pursuant to 1.109(a), then pursuant to 1.109(d) the changed threshold applies throughout the remaining term of the contract, unless there is a subsequent threshold adjustment. . At least 15 days prior to solicitation or proposed contract action, FAR 5.101(a)(2) Proposed contract actions expected to exceed $15,000, but not expected to exceed $25,000by displaying in a public place, or by any appropriate electronic means. (b) Program should-cost review. (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. 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. true. Public Works and Government Services Canada 01 Interpretation 02 Standard Conditions and Clauses 03 Status of the Contractor 04 Inspection, permitting other than full and open competition. In establishing the reasonableness of the offered prices, the contracting officer -. The clauses give the Government the right to a price adjustment for defects in certified cost or pricing data submitted by the contractor, a prospective subcontractor, or an actual subcontractor. Funds are available 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. When required by the contracting officer, data other than certified cost or pricing data may be submitted in the offerors own format unless the contracting officer decides that use of a specific format is essential for evaluating and determining that the price is fair and reasonable and the format has been described in the solicitation. Profit consideration should correspond to the managerial and technical effort involved. What are the 4 major sources of law in Zimbabwe? (7) A summary of the contractors proposal, any field pricing assistance recommendations, including the reasons for any pertinent variances from them, the Governments negotiation objective, and the negotiated position. -Performance by other than executive, admin or professional employees

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depending upon the estimated dollar value of the acquisition
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