(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 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, with its Alternate I. (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. If it is conducted in conjunction with a program should-cost review, a separate overhead should-cost review report is not required. Decision, or approval. (C) If the contracting officer determines that the information described in paragraph (c)(3)(ii)(B) of this section is not sufficient to determine the reasonableness of price, other relevant information regarding the basis for price or cost, including information on labor costs, material costs and overhead rates may be requested. A FAR revision should be requested if an agency knows it will require a class deviation on a permanent basis (vii) Other conditions (e.g., changes in accounting systems, management, or business activity). GSA Advantage - Federal Supply Schedules. -Urgency of requirement - Contractor's technical capability and financial responsibility 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. (ii) The contracting officer determines that technical or cost risks justify Government review and approval of changes or additions to the make-or-buy program. In conducting this evaluation, the contracting officer shall ensure that the effects of inefficient or uneconomical past practices are not projected into the future. Tactical market research 14,803 2. Acquisition background and objectives a detailed analysis of the various cost elements associated with the acquisition that is used to estimate its cost or price. and WHITEHOUSE STATION, N.J., Dec. 14, 2020 (GLOBE NEWSWIRE) -- Murphy USA announced an agreement to acquire QuickChek Corporation ("QuickChek") in an all-cash transaction for . Justification and agency approval must be documented in the contract file. Determination of contract type should be closely related to the risks involved in timely, cost-effective, and efficient performance. (vi) Identification of proposed subcontractors, if known, and their location and size status (also see subpart 19.7 for subcontracting plan requirements). (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. Optional, unless required by the Contracting Officer. As well, generally internally generated goodwill and other intangible assets can not be recognized on the balance sheet. (2) Under cost-reimbursement contracts and under all fixed-price contracts except firm-fixed-price contracts and fixed-price contracts with economic price adjustment, payments to subcontractors that are higher than they would be had there been no defective subcontractor certified cost or pricing data shall be the basis for disallowance or nonrecognition of costs under the clauses prescribed in 15.408(b) and (c). The contracting officer shall insert the clause at 52.215-18, Reversion or Adjustment of Plans for Postretirement Benefits (PRB) Other Than Pensions, in solicitations and contracts for which it is anticipated that certified cost or pricing data will be required or for which any preaward or postaward cost determinations will be subject to part 31. (A) The necessity for, and reasonableness of, proposed costs, including allowances for contingencies; (B) Projection of the offerors cost trends, on the basis of current and historical cost or pricing data; (C) Reasonableness of estimates generated by appropriately calibrated and validated parametric models or cost-estimating relationships; and. Phasos of the Services Acquisrt:ion Procoss 4 Reqmr.menls Oeflndlon 5. It is not right to use the government card for such purchases. (l) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. What is the cost of 5.55.55.5 pounds of chicken breasts if they cost $3.49\$3.49$3.49 per pound? 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). (c) If certified cost or pricing data are requested and submitted by an offeror, but an exception is later found to apply, the data must not be considered certified cost or pricing data as defined in 2.101 and must not be certified in accordance with 15.406-2. According to the JN+A and HVS Design Hotel Cost Estimating Guide for 201 9, the detailed cost average expense per room for a hotel guestroom renovation is $18,218. -Performed in the United States. The objective of should-cost reviews is to promote both short and long-range improvements in the contractors economy and efficiency in order to reduce the cost of performance of Government contracts. Focused The contractor assumes the least cost risk in a cost-plus-fixed-fee level-of-effort contract, under which it is reimbursed those costs determined to be allocable and allowable, plus the fixed fee. This approach has been constantly refined over the years, without having produced any noticeable Increase in Value of Equity as ROE Increase. -Requires approvals (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. 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, . (d) Deficient proposals. (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. Bellway Bespoke Additions Brochure, The head of the contracting activity (HCA) may, without power of delegation, waive the requirement for submission of certified cost or pricing data in exceptional cases. However, when significant audit or other specialist recommendations are not adopted, the contracting officer should provide rationale that supports the negotiation result in the price negotiation documentation. Government -wide acquisition contracts (GWACS): Enter total incurred costs (Total of Columns (8), (9), and (10)). and depending on the size of the acquisition or disposition, may require . -Sufficient justification for the authority cited Subject to the authorities in 1.301(c), agencies making noncompetitive contract awards over $100,000 totaling $50 million or more ayear-, (i) Shall use a structured approach for determining the profit or fee objective in those acquisitions that require cost analysis; and. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. When not using a structured approach, contracting officers shall comply with paragraph (d)(1) of this subsection in developing profit or fee prenegotiation objectives. On-going Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? While these acquisitions are "accretive" to EPS, they are highly dilutive to cash flows and ACHC's balance sheet. The expertise of on-site Government personnel should be used, when appropriate. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. Acquholllon DEVELOP SIJ'8tegy rl Date, quantity, and dollar value of items received into inventory 9. Before taking any contractual actions concerning penalties, the contracting officer shall obtain the advice of counsel. When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. 1.5 Agency and Public Participation B. The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. Ensure that gov. (B) Price analysis clearly demonstrates that the proposed price is reasonable in comparison with current or recent prices for the same or similar items, adjusted to reflect changes in market conditions, economic conditions, quantities, or terms and conditions under contracts that resulted from adequate price competition. Approvals needed. (A) This factor measures the degree of cost responsibility and associated risk that the prospective contractor will assume as a result of the contract type contemplated and considering the reliability of the cost estimate in relation to the complexity and duration of the contract task. (2) Cost realism analyses shall be performed on cost-reimbursement contracts to determine the probable cost of performance for each offeror. Also submit any information reasonably required to explain your estimating process (including the judgmental factors applied and the mathematical or other methods used in the estimate, including those used in projecting from known data, and the nature and amount of any contingencies included in the price). true. (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. -Type and complexity of requirement Created by. In addition, the contracting officer should request data to determine the cost realism of competing offers or to evaluate competing approaches. (b) Actions authorized under Pub. 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. (f) Evaluation, negotiation, and agreement. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. Taking into consideration the advisory recommendations, reports of contributing specialists, and the current status of the contractors purchasing system, the contracting officer is responsible for exercising the requisite judgment needed to reach a negotiated settlement with the offeror and is solely responsible for the final price agreement. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. Reference (A) Use the basic clause in solicitations and contracts when the estimated value equals or exceeds $100,000, but is less than $182,000 [183, 000] Reg. 6.303-3 Industrial mobilization; engineering, developmental, or research capability; or expert services This form also must be completed before the program official submits the purchase request (PR) package to the Procurement Office. What are the two major types of contracts? The services contracting that the Gov. 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.
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