-Description of the supply/service (3) The contracting officer shall ensure that data used to support price negotiations are sufficiently current to permit negotiation of a fair and reasonable price. The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. 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. A complete discussion of supporting documentation can be found at paragraph 060106 of this . (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. The five guides are: I Price Analysis, II Quantitative Techniques for Contract Pricing, III Cost Analysis, IV Advanced Issues in Contract Pricing, and V Federal Contract Negotiation Techniques. Law The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. (a) Certified cost or pricing data shall not be obtained for acquisitions at or below the simplified acquisition threshold. (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. The contractor shows his appreciation by offering you box tickets to your university's football game. FedBizOps Can you accept these tickets? Article Content - Defense Acquisition University The objective of proposal analysis is to ensure that the final agreed-to price is fair and reasonable. Even so, not all startups that are little more than a few engineers working on an idea sketched out in a PowerPoint slide deck are the same. Under this factor, the contractor may be provided additional profit opportunities in recognition of independent development efforts relevant to the contract end item without Government assistance. (a) General. Holdings intends to review its ownership of Sangoma Shares on a continuing basis and may increase or decrease its investment in Sangoma Shares depending upon future market conditions. 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. (b) Definition. . Enter in Column (10) the costs of work in process as determined from your records or inventories at the cutoff date. D&F are used for Options. The fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. (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-. 4. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). Ant Fileset Multiple Directories, The purpose of this Policy is to establish the Department of Health and Human Services (HHS) Information Technology Acquisition Review (ITAR) Program. Acquisition Detail - purchase order number, donation source or gift source 9. The fees are additional dollars paid to the contractor based upon the contractor meeting or . (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. L. 110-181 ). (2) Contracting officers may require prospective contractors to submit make-or-buy programs for negotiated acquisitions whose estimated value is under $15 million only if the contracting officer-, (i) Determines that the information is necessary; and. . Because profit or fee is only one of several interrelated variables, the contracting officer shall not agree on profit or fee without concurrent agreement on cost and type of contract. are Task Order or Delivery Order contracts established by one Agency for use by Government Agencies to obtain a variety of supplies and services. The Economy Act (FAR 17.5>) applies to orders placed under MACs, with the exception of MACs for information technology established pursuant to the Clinger-Cohen Act, The 8(a) Program provides business development assistance to companies owned by socially and economically disadvantaged individuals. The price negotiation memorandum shall reflect the adjustments made to the data or the corrected data used to negotiate the contract price. Contracting Officer must not: When does the Service Contract Act of 1965 apply? The contracting officer should consider whether the development cost was recovered directly or indirectly from Government sources. Contracting officers shall obtain data other than certified cost or pricing data from the offeror or contractor for all acquisitions (including commercial acquisitions), if that is the contracting officers only means to determine the price to be fair and reasonable. 3501: (A) When purchasing 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, they may be considered commercial services (thus meeting the purpose of 41 U.S.C.chapter 35 and 10 U.S.C. 1152.65 124009.00 Increase in Value of Equity. (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? With this deal, the combined value of the company amounts to $1.3 billion. Greater profit opportunity should be provided contractors that have displayed unusual initiative in these programs. The Contracting Officer may require you to submit cost or pricing data in support of proposals in lower amounts. Actual annual usage was 5,500 hours . The contracting officer shall-. However, the auditor may discuss statements of facts with the contractor. -Technical and Requirements personnel are responsible for submitting J&A. [1] . Approvals needed. Task Denition and Framework Assume a classier induction problem where each instance is represented with n independent . Direct labor hours at specified fixed hourly rates that include wages, overhead, general and administrative expenses, and profit; and 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. awarding a Time and Materials contract? This acquisition is conducted under the authority of 41 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 For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . What is the order of priority for the required sources of supply? (ii) Data other than certified cost or pricing data such as-. . Use techniques such as, but not limited to, price analysis, cost analysis, and/or cost realism analysis to establish a fair and reasonable price. Explain the basis for each estimate and how the costs are charged on your accounting records (e.g., included in production costs as direct engineering labor, charged to manufacturing overhead). 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. Attach a detailed inventory of work, materials, parts, components, and hardware already purchased, manufactured, or performed and deleted by the change, indicating the cost and proposed disposition of each line item. 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. 3505(b)). Overpayments do not result from amounts paid for contract financing, as defined in 32.001. (vii) Any recommendations to defer make-or-buy decisions when categorization of some items or work efforts is impracticable at the time of submission. Value of Digital with Synergy = $6,963 mil - Value of Cash paid in deal = $ 30 * 146.789 mil shrs = $4,403 mil - Digitial's Outstanding Debt (assumed by Compaq) $1,006 mil Remaining Value $ 1,554 mil / number of Shares outstanding 146.789 = Remaining Value per Share $ 10.59 Compaq's value per share at time of Exchange Offer $ 27 Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made. 74,528 (December 30, 2021). Trade shows (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. 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements (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. no, the tickets exceed the gratuity dollar threshold of $20, LIST FREQUENTLY USED CONTRACT TYPES: The choice of contract type to be used in a solicitation depends on, IMPORTANCE OF REQUIREMENTS DEFINITION PROCESS: The ___ is the document used to describe the work, - performance work statement or statement of work, IDENTIFY STEPS OF SERVICES ACQUISITION PROCESS: The phases of the services acquisition process are, IDENTIFY THE CORS ETHICAL RESPONSIBILITIES: You notice a contractor offering free lunch, IDENTIFY THE METHODS OF CONTRACTING: A blanket purchase agreement, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: The technical experts and nominated COR are usually involved in evaluating, IDENTIFY THE CATEGORIES OF CONTRACTS: A government preference is non-personal, x change a contractor employees duty hours, IDENTIFY ACTIVITIES PERFORMED IN PLANNING ACQUISITION: The Services Acquisition Process begins with planning, x acquisition planning, market research, acquisition strategy, LIST THE FREQUENTLY DELEGATED CONTRACT ADMINISTRATION DUTIES: when a contractor performs work beyond that required, POOR PERFORMANCE: You are monitoring a custodial contract (bathroom), ESTABLISHING/MAINTAINING COR FILE: As a matter of practice, when a COR holds a discussion, PERFORMANCE ASSESSMENT RESPONSIBILITIES: When assessing a contractor's performance, DUTIES AND FUNCTIONS OF A COR: Which of the following statements (false), IDENTIFY THE ELEMENTS OF CONTRACT PERFORMANCE MANAGEMENT: a properly written ____ focuses on the quality, quantity, timeliness etc, x quality assurance surveillance plan (QASP), EFFECTIVE ACQUISITION TEAM: Which selection best describes the preferred relationship, . -Foreign Military Sales (if source directed) (1) Should-cost reviews are a specialized form of cost analysis.