(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. A synopsis is a "snapshot" of the requirement that the government is trying to fulfill. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. (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. Contracting Officers shall provide for full and open competition Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. (i) Waiver of Facilities Capital Cost of Money. Life-cycle cost 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. (vii) Other conditions (e.g., changes in accounting systems, management, or business activity). (3) Commercial products and commercial services. Each contract action with a total estimated absolute value of $500,000 or greater (*. Use of cutoff dates coinciding with reports is acceptable, as certain data may not be reasonably available before normal periodic closing dates (e.g., actual indirect costs). 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. Cognizant audit activities, when it is appropriate to do so, shall establish and manage regular programs for reviewing selected contractors estimating systems or methods, in order to reduce the scope of reviews to be performed on individual proposals, expedite the negotiation process, and increase the reliability of proposals. (3) The contracting officer should request technical assistance in evaluating pricing related to items that are "similar to" items being purchased, or commercial products or commercial services that are of a type, or requiring minor modifications for commercial products, to ascertain the magnitude of changes required and to assist in pricing the required changes. If there has been a significant time lapse between the last acquisition and the present one, if the terms and conditions of the acquisition are significantly different, or if the reasonableness of the prior price is uncertain, then the prior price may not be a valid basis for comparison. If a fair and reasonable price cannot be established by the contracting officer from the analyses of the data obtained or submitted to date, the contracting officer shall require the submission of additional data sufficient for the contracting officer to support the determination of the fair and reasonable price. -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) Determination and Findings, Multi-year contract" means a contract for the purchase of supplies or services for more than 1, but not more than 5, program years. Use CTRL+F to find the first part of the question. What are the Competition Requirements for Simplified Acquisitions? Price analysis should be used to verify that the overall price offered is fair and reasonable. 3841). (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-. Assume that the estimated productive life of the machine was 16,000 hours. Increase in Value of Equity as ROE Increase. The fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. Contracting officer may exercise options only after determining that- Considerations include the diversity of engineering, scientific, and manufacturing labor skills required and the amount and quality of supervision and coordination needed to perform the contract task. Overpayment occurs only when payment is made for supplies or services accepted by the Government. . Give an example of a halo effect in marketing. true. true The choice of contract type to be used in a solicitation depends on the: All of the answers are correct The COR will be evaluating a contractor's performance using the ____ Quality assurance surveillance plan x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. From 1993 to 2001, Cisco acquired 71 companies, at an average price of approximately $350 million. (1) Common factors. They are to be used for instruction and professional guidance. The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. What are the 7 Statutory Exceptions to Full and Open Competition? Acquisition Detail - purchase order number, donation source or gift source 9. Purchase Card and is not required to be advertised. (6) Percentage or dollar rate of royalty per unit. D&F are used for Options. The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-10, Price Reduction for Defective Certified Cost or Pricing Data, in solicitations and contracts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4). Column(2) minus Column(3) equals Column(4). (vii) Analysis of data other than certified cost or pricing data (as defined at 2.101) provided by the offeror. Enter the cutoff date required by the contract, if applicable. However, if the contracting officer has reason to believe exceptional circumstances exist and has sufficient data available to determine a fair and reasonable price, then the contracting officer should consider requesting a waiver under the exception at 15.403-1(b)(4). 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 contracting officer shall, when contracting by negotiation, insert the clause at 52.215-11, Price Reduction for Defective Certified Cost or Pricing DataModifications, in solicitations and contracts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4) for the pricing of contract modifications, and the clause prescribed in paragraph (b) of this section has not been included. Kauna unahang parabula na inilimbag sa bhutan. (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. (d) Deficient proposals. (c) Overhead should-cost review. 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. The authorization for the waiver and the supporting rationale shall be in writing. (2) Format for submission of data other than certified cost or pricing data. Change in ROE of combined firm. 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE (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. ** Insert the day, month, and year when price negotiations were concluded and price agreement was reached or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price. (iii) Determined that an exception applied after the data were submitted and, therefore, considered not to be certified cost or pricing data. Acquisition Premium: An acquisition premium is the difference between the estimated real value of a company and the actual price paid to obtain it. For all other acquisitions, the PCO may serve as the SSA in accordance with FAR 15.303 unless the Agency head or designee appoints another individual. 2.Very costly and long-lead time, The process of creating and issuing federal regulations. (3) Format for submission of data supporting forward pricing rate agreements. This distinction between fact and judgment should be clearly understood. (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 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. (ii) Categorization of each major item or work effort as "must make," "must buy," or "can either make or buy. Request for Proposal - Negotiation - FAR Part 15. The other elements of indirect costs should be evaluated to determine whether they merit only limited profit consideration because of their routine nature, or are elements that contribute significantly to the proposed contract. -Contracting Officer SHALL NOT commence sole source negotiations without a J&A (a) General. -Mandatory Federal Supply Schedule (www.gsaadvantage.gov) (iii) The Government shall not disclose outside the Government data obtained relating to commercial products or commercial services that is exempt from disclosure under 24.202(a) or the Freedom of Information Act ( 5U.S.C.552(b)). The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. The contracting officer shall-. The difference between each category is dependent on the location of a program in the Acquisition Process, funding amount for Research, Development, Test and Evaluation (RDT&E), total procurement cost, Milestone Decision Authority (MDA) special interest, and decision authority. (b) Certified cost or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments. Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . (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. Solis uses the effective-interest method of amortizing bond premium. a) The authority conferred by Pub. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. 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 . (1) Contracting officers decision in accordance with the Contract Disputes statute; (2) Board of Contract Appeals decision; or. (c) The contracting officer and contractor are encouraged to reach a prior agreement on criteria for establishing closing or cutoff dates when appropriate in order to minimize delays associated with proposal updates. Considering the hierarchy at 15.402, the contracting officer shall insert the clause at 52.215-21, Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data-Modifications, in solicitations and contracts if it is reasonably certain that certified cost or pricing data or data other than certified cost or pricing data will be required for modifications. (d) If, however, the contractor insists on a price or demands a profit or fee that the contracting officer considers unreasonable, and the contracting officer has taken all authorized actions (including determining the feasibility of developing an alternative source) without success, the contracting officer shall refer the contract action to a level above the contracting officer. (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. (l) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. -Technical and Requirements personnel are responsible for submitting J&A. However, please be advised that the increase in the simplified acquisition threshold to $250,000 does not apply for Buy America purposes, as the small purchase amount is established at $150,000 in FTA's . List of facts or justification How is it computed? The purpose of this Policy is to establish the Department of Health and Human Services (HHS) Information Technology Acquisition Review (ITAR) Program. For similar items, the contracting officer must also adjust the prior price to account for material differences between the similar item and the item being procured. (a) General. 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. 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. (iii) The following requirements apply to minor modifications defined in paragraph (3)(ii) of the definition of a commercial product at 2.101 that do not change the commercial product to other than commercial: (A) For acquisitions funded by any agency other than DoD, NASA, or Coast Guard, such modifications of a commercial product are exempt from the requirement for submission of certified cost or pricing data. This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. No, the tickets exceed the gratuity dollar threshold of $20, The _______ is the statutory requirement that ensures full and open competitio. See 86 Fed. Plan of Action L. 105-261), an offeror who does not comply with a requirement to submit data for a contract or subcontract in accordance with paragraph (a)(1) of this subsection is ineligible for award unless the HCA determines that it is in the best interest of the Government to make the award to that offeror, based on consideration of the following: (iii) Increased cost or significant harm to the Government if award is not made. (a) The purpose of performing cost or price analysis is to develop a negotiation position that permits the contracting officer and the offeror an opportunity to reach agreement on a fair and reasonable price. 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.
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