depending upon the estimated dollar value of the acquisitiondepending upon the estimated dollar value of the acquisition
Milestones (at which decisions should be made) 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. Disposition of the action should be documented. (c) Contracting officer responsibilities. (2) Upon the request of a contractor that was required to submit certified cost or pricing data in connection with a prime contract entered into before July 1, 2018, the contracting officer shall modify the contract without requiring consideration, to replace clause 52.215-12, Subcontractor Certified Cost or Pricing Data, with its Alternate I. Determination of contract type should be closely related to the risks involved in timely, cost-effective, and efficient performance. (A) Material acquisition. With this deal, the combined value of the company amounts to $1.3 billion. Operations & Maintenance - 1 year This data may include history of sales to non-governmental and governmental entities, cost data, or any other information the contracting officer requires to determine the price is fair and reasonable. List of facts or justification Complexity 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. FAR 5.101(a)(1) Proposed contract actions expected to exceed $25,000synopsize in GPE (Government-wide Point of Entry), Item that has been or will be sold to the general public; may required minor government directed modifications. Our acquisition regulations provide foundation on which the acquisition is based and legally delegate which type of authority to the contracting . (2) When certified cost or pricing data are not required by 15.403-4, shall obtain data other than certified cost or pricing data as necessary to establish a fair and reasonable price, generally using the following order of preference in determining the type of data required: (i) No additional data from the offeror, if the price is based on adequate price competition, except as provided by 15.403-3(b). The contracting officer should consider whether the development cost was recovered directly or indirectly from Government sources. Upon identification of the acquirer and determination of the acquisition date, business combinations are accounted for through the preparation of a Purchase Price Allocation (PPA). (ii) Both more than the pertinent certified cost or pricing data threshold and more than 10 percent of the prime contractors proposed price, unless the contracting officer believes such submission is unnecessary. Overpayments do not result from amounts paid for contract financing, as defined in 32.001. (2) There are two types of should-cost reviews-program should-cost review (see paragraph (b) of this subsection) and overhead should-cost review (see paragraph (c) of this subsection). 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. (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. 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. (iii) Comparison of costs proposed by the offeror for individual cost elements with-. Approvals needed. -FAR 13.104 - Contracting Officer must promote competition: , 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. Policy - FAR 19.201 12,816. Cisco Systems, the network product and services company (with $49 billion in revenue in 2013), used acquisitions of key technologies to assemble a broad line of network-solution products during the frenzied Internet growth period. The amount of time necessary for the planning process is dependent upon the dollar value, risk, complexity, and criticality of the proposed purchase. Acquisition Premium: An acquisition premium is the difference between the estimated real value of a company and the actual price paid to obtain it. ray_harris9. (b) The auditor shall send a copy of the estimating system survey report and a copy of the official notice of corrective action required to each contracting office and contract administration office having substantial business with that contractor. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. Your personal and professional conduct influences the public's confidence in the federal acquisition process. (9) To the extent such direction has a significant effect on the action, a discussion and quantification of the impact of direction given by Congress, other agencies, and higher-level officials (i.e., officials who would not normally exercise authority during the award and review process for the instant contract action). Column(2) minus Column(3) equals Column(4). 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. (ii) Evaluating the effect of the offerors current practices on future costs. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. 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. (1) An overhead should- cost review is used to evaluate indirect costs, such as fringe benefits, shipping and receiving, real property, and equipment, depreciation, plant maintenance and security, taxes, and general and administrative activities. 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. . (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. (1) Common factors. (c) If, after award, the contracting officer learns or suspects that the data furnished were not accurate, complete, and current, or were not adequately verified by the contractor as of the time of negotiation, the contracting officer shall request an audit to evaluate the accuracy, completeness, and currency of the data. Increase in Equity Value true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). Over $13.5 Million - $93 Million - Head of the Contracting Activity 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. Current Projects. River Plantation Flood Map, INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. (d) Possession of a Certificate of Current Cost or Pricing Data is not a substitute for examining and analyzing the contractors proposal. Capacity is an estimated five-year dollar amount of what an individual could potentially give to the non-profit industry as a whole. (i) Acquisitions at or below the simplified acquisition threshold; (ii) Construction or architect-engineer services under part 36; (iv) Service contracts where supplies are not required; (v) Acquisitions of commercial products and commercial services; and. The KO must exercise the option prior to end date of the current period of performance. "We laugh at [venture] firms that . Seven statutory exceptions. Designated at the agency and each procuring activity and responsible for: 2. 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. When the amounts for work in process are not available in your records but reliable estimates for them can be made, enter the estimated amounts in Column (10) and enter in column (9) the differences between the total incurred costs (exclusive of preproduction costs) as of the cutoff date and these estimates. The requirements apply by law to the Department of Defense, the Department of State, and the United States Agency for International Development, per section 802 of the National Defense Authorization Act (NDAA) for Fiscal Year 2013. Computing Depreciation under Alternative Methods. (B) For architect-engineer services for public works or utilities, the contract price or the estimated cost and fee for production and delivery of designs, plans, drawings, and specifications shall not exceed 6 percent of the estimated cost of construction of the public work or utility, excluding fees. Created by. (d) Profit-analysis factors-. GSA Advantage - Federal Supply Schedules. 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. (C) In evaluating assumption of cost risk, contracting officers shall, except in unusual circumstances, treat time-and-materials, labor-hour, and firm-fixed-price, level-of-effort term contracts as cost-plus-fixed-fee contracts. Competition in Contracting Act (CICA) The contracting officer shall prepare a memorandum documenting both the determination and any corrective action taken as a result. What do the parents perceive as their role to the Day Care worker? )Assumes plantcane crop is sold, and . (ii) In accordance with section 41 U.S.C. 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 . (a) Purchase supplies and services from responsible sources at fair and reasonable prices. Government -wide acquisition contracts (GWACS): (8) The most significant facts or considerations controlling the establishment of the prenegotiation objectives and the negotiated agreement including an explanation of any significant differences between the two positions. 1. Increase in Equity Value. (6) If a change or modification calls for essentially the same type and mix of work as the basic contract and is of relatively small dollar value compared to the total contract value, the contracting officer may use the basic contracts profit or fee rate as the prenegotiation objective for that change or modification. 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. Change in ROE of combined firm. (iii) Level of noncompetitive Government contracts. (a) The prenegotiation objectives establish the Governments initial negotiation position. If the contracting officer determines that a product or service claimed to be commercial is not, and that no other exception or waiver applies (e.g., the acquisition is not based on adequate price competition; the acquisition is not based on prices set by law or regulation; and the acquisition exceeds the threshold for the submission of certified cost or pricing data at 15.403-4(a)(1)) the contracting officer shall require submission of certified cost or pricing data. 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 increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. 3505(b)). - independently owned and operated, and is not dominant in the field of operation. Invitation for Bid - Sealed Bidding - FAR Part 14 (1) Except when pricing an item on the basis of adequate price competition or catalog or market price, unit prices shall reflect the intrinsic value of an item or service and shall be in proportion to an items base cost (e.g., manufacturing or acquisition costs). This potential remuneration element and the Governments estimate of allowable costs to be incurred in contract performance together equal the Governments total prenegotiation objective. Actual annual usage was 5,500 hours . It typically takes 8-10 months for efforts less than $50M, 10-12 months from efforts greater than $50M but less than $100M, and 12+ months for efforts greater than $100M. (1) Adequate price competition. (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. Not specific (vi) Corporate reorganizations, mergers, acquisitions, or takeovers. No, the tickets exceed the gratuity dollar threshold of $20, The _______ is the statutory requirement that ensures full and open competitio. 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. Enter the number of units completed during the period for which experienced costs of production are being submitted. 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. 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. -Price competition (h) Facilities Capital Cost of Money. (a) The contracting officer shall document in the contract file the principal elements of the negotiated agreement. (d) Subcontractor Certified Cost or Pricing Data. (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. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . (4) The requirement for necessary preaward or postaward access to offerors records. The SAT can vary depending on the particular acquisition situation. How long do you have to definitize a letter contract. b. This subpart prescribes the cost and price negotiation policies and procedures for pricing negotiated prime contracts (including subcontracts) and contract modifications, including modifications to contracts awarded by sealed bidding. (3) For services that are not offered and sold competitively in substantial quantities in the commercial marketplace, but are of a type offered and sold competitively in substantial quantities in the commercial marketplace, see 15.403-1(c)(3)(ii). Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. adds more specific information to information stated in the FAR. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition: . Date and number of inventory requisition 10. Commercial Sources, Multi-agency contracts (MACs): 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 . 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. L. 85-804 shall be accomplished as expeditiously as practicable, consistent with the care, restraint, and . 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements A document sent to prospective contractors by a Government agency, requesting the submission of offers or information.
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depending upon the estimated dollar value of the acquisition