2. 2377. If release of the information would compromise Government security or disclose trade secrets or confidential business information, the contracting officer shall release it only under conditions that will protect it from improper disclosure. 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. (b) The prime contractor or subcontractor shall-. Enter in Column (9) the production costs from your books and records (exclusive of preproduction costs reported in Column (8)) of the units completed as of the cutoff date. 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 (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). The subfactors in paragraphs (d)(1)(i)(A) through (D) of this subsection shall be considered in determining contractor effort, but they may be modified in specific situations to accommodate differences in the categories used by prospective contractors for listing costs-. 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. When not using a structured approach, contracting officers shall comply with paragraph (d)(1) of this subsection in developing profit or fee prenegotiation objectives. The amount of time necessary for the planning process is dependent upon the dollar value, risk, complexity, and criticality of the proposed purchase. Column(2) minus Column(3) equals Column(4). Justification and Approval (J&A)/Sole Source. 1.00 1.00 1.00 1.00 1.00 1.00 0.06 1.00 $155.84. What is the policy for providing for full and open competition? Purpose. Which type of contract arrangement puts the risk Should not exceed 5 years, The product is considered commercial if it retains 50% of its original functionality. Results of the analysis may be used in performance risk assessments and responsibility determinations. (D) The application of audited or negotiated indirect cost rates, labor rates, and cost of money or other factors. Before making such a determination, the contracting officer should give the contractor an opportunity to support the accuracy, completeness, and currency of the data in question. Enter your estimate for cost of work added by the change. (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. In this case, he could multiply his purchase price of $100,000 by 25% to get a land value of $25,000. (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). (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. (3) Both the Government and contractors should be concerned with profit as a motivator of efficient and effective contract performance. As well, generally internally generated goodwill and other intangible assets can not be recognized on the balance sheet. the expected outcome of an acquisition -FAR 13.104 - Contracting Officer must promote competition: 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, . Increase in Value of Equity. (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. (2) Except as provided in paragraph (h)(3) of this section, when an offeror for a contract or a task or delivery order informs the contracting officer pursuant to 52.215-22 that it intends to award subcontracts for more than 70 percent of the total cost of work to be performed under the contract, task or delivery order, the contracting officer shall. 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. For standard commercial products fabricated by the offeror that are generally stocked in inventory, provide a separate cost breakdown, if priced based on cost. Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. (ii) In calculating the interest amount due, the contracting officer shall-. Check the applicable block below based on the acquisition circumstance. (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. 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. (v) Comparison of proposed prices with independent Government cost estimates. 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. (2) All offers with separately priced line items or subline items shall be analyzed to determine if the prices are unbalanced. (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. The Federal Acquisition Regulation (FAR): Answers to Frequently Asked Questions Congressional Research Service 1 Introduction The federal government is the largest buyer of goods and services in the world,1 and executive branch agenciesparticularly the Department of Defensemake most of these purchases.2 Many (although not all) acquisitions by executive branch agencies are subject to the . Evaluate the effectiveness of the various tools of U.S. foreign policy. In this module, the following topics will be covered: 1) estimates of the values of environmental goods in dollar terms, and 2) the strengths and weaknesses of valuation methods in all three parts of the environmental valuation toolkit. Assume that the estimated productive life of the machine was 16,000 hours. It is normally used to evaluate and negotiate an FPRA with the contractor. (ii) Contract cost risk. (h) Facilities Capital Cost of Money. (2) Additional factors. (See the Certificate of Current Cost or Pricing Data at 15.406-2.). 2008-03, but is subject to change - see FAR 6.304(a)(1) and 13.501(a)(2)(i). Over $13.5 Million - $93 Million - Head of the Contracting Activity 1.7 Determinations and Findings The contracting officer shall not require certified cost or pricing data to support any action (contracts, subcontracts, or modifications) (but may require data other than certified cost or pricing data as defined in FAR 2.101 to support a determination of a fair and reasonable price or cost realism). (A) Data related to prices (e.g., established catalog or market prices, sales to non-governmental and governmental entities), relying first on data available within the Government; second, on data obtained from sources other than the offeror; and, if necessary, on data obtained from the offeror. A fair and reasonable price does not require that agreement be reached on every element of cost, nor is it mandatory that the agreed price be within the contracting officers initial negotiation position. )Assumes plantcane crop is sold, and . When this result is negative, place the amount in parentheses. (2) A Certificate of Current Cost or Pricing Data, in the format specified in 15.406-2, certifying that to the best of its knowledge and belief, the cost or pricing data were accurate, complete, and current as of the date of agreement on price or, if applicable, an earlier date agreed upon between the parties that is as close as practicable to the date of agreement on price. (2) A description of factors to be used in evaluating the proposed program, such as capability, capacity, availability of small, small disadvantaged, women-owned, veteran-owned, HUBZone, and service-disabled veteran-owned small business concerns for subcontracting, establishment of new facilities in or near labor surplus areas, delivery or performance schedules, control of technical and schedule interfaces, proprietary processes, technical superiority or exclusiveness, and technical risks involved. Acquisition premium represents the increased . 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. chapter 271 and 41 U.S.C. -Adequacy of contractor's accounting system (4) The current status of any contractor systems (e.g., purchasing, estimating, accounting, and compensation) to the extent they affected and were considered in the negotiation. (C) Expert technical advice should be obtained when analyzing similar items, 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. (A) The prior price must be a valid basis for comparison. (b) Adequate price competition. Acquisition premium represents the increased . 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. Conduct site visits at the location(s) where the work is being performed Where the determination of a fair and reasonable price is based on cost analysis, the summary shall address each major cost element. (ii) The contracting officer should be notified immediately of any information disclosed to the auditor after submission of a report that may significantly affect the audit findings and, if necessary, a supplemental audit report shall be issued. (1) Contracting officers decision in accordance with the Contract Disputes statute; (2) Board of Contract Appeals decision; or. Fixed price contracts 100% Contractor This approach has been constantly refined over the years, without having produced any noticeable A complete discussion of supporting documentation can be found at paragraph 060106 of this . When an overhead should-cost review is conducted, a separate audit report is required. The contracting officer should consider whether a contractor or subcontractor has an approved purchasing system, has performed cost or price analysis of proposed subcontractor prices, or has negotiated the subcontract prices before negotiation of the prime contract, in determining the reasonableness of the prime contract price. -Excess from other agencies (C) Apply the underpayment interest rate(s) in effect for each quarter from the time of overpayment to the time of repayment, utilizing rate(s) prescribed by the Secretary of the Treasury under 26 U.S.C.6621(a)(2). -Performance by other than executive, admin or professional employees Request for Proposal - Negotiation - FAR Part 15. -Contracting Officer SHALL NOT commence sole source negotiations without a J&A Strategic market research (3) Obtain the type and quantity of data necessary to establish a fair and reasonable price, but not more data than is necessary. When determination of a fair and reasonable price is based on price analysis, the summary shall include the source and type of data used to support the determination. The contracting officers objective is to negotiate a contract of a type and with a price providing the contractor the greatest incentive for efficient and economical performance. When cost analysis is required, the contracting officer shall document the pertinent issues to be negotiated, the cost objectives, and a profit or fee objective. -Foreign Military Sales (if source directed) Cost - the cost of the purchased software 12. excluded. 6.302-5 - Authorized or required by statute A fiscal year appropriation may be obligated only to meet a legitimate, or bona fide, need arising in the fiscal year for which the appropriation was made. Target firm size is measured by market value of equity plus long-term debt and short-term debt, less cash and marketable securities at the last fiscal year prior to the acquisition. (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. When performing surveillance on a contract, a COR may be asked to? quality assurance surveillance plan (QASP), IMPORTANCE OF ESTABLISHING/MAINTAINING THE COR FILE: As a minimum, the COR's file should contain, x technical progress reports and financial status report, IDENTIFY THE ACTIVITIES IN THE CONTRACT AWARD PROCESS: The __ is the automated contracting system, FREQUENTLY USED CONTRACT TYPES: Which selection below describes a fixed price contract, . 2.1 Definitions (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. (4) Value analysis can give insight into the relative worth of a product and the Government may use it in conjunction with the price analysis techniques listed in paragraph (b)(2) of this section. Restaurants In Sorrento With A View, Av. (D) General management. How many "subparts" does the FAR contain? Goodwill can only be acquired. Early communication with these experts will assist in determining the extent of assistance required, the specific areas for which assistance is needed, a realistic review schedule, and the information necessary to perform the review. The negotiation of a contract type and a price are related and should be considered together with the issues of risk and uncertainty to the contractor and the Government. You must also submit any data other than certified cost or pricing data obtained from a subcontractor, either actually or by specific identification, along with the results of any analysis performed on that data. 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. This article explores the implications of acquisition value assessment for homesteaded property established in 1983 in Muscogee County, Georgia. Why does Gary Soto's work seem autobiographical? However, proposals shall be evaluated using the criteria in the solicitation, and the offered prices shall not be adjusted as a result of the analysis. -Use at least 2 quotes from two sources not used before. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. An official website of the General Services Administration. -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) (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. Decision, or approval. The TACPA business participation program requirement must be included in competitive acquisition with an estimated dollar value of $100,000 and over. Kaven Corporation purchased a truck at the beginning of 2018 for $85,000 which will be depreciated using the units-of-output method. (i) A price is based on adequate price competition when. Wiki User 2017-06-15 17:26:11 true. (b) Certified cost or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments. x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. (6) Recommendations or conclusions regarding the Governments review or analysis of an offerors or contractors proposal shall not be disclosed to the offeror or contractor without the concurrence of the contracting officer. (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. Acquisition Detail - purchase order number, donation source or gift source 9. -Optional use Federal Supply Schedules The difference between market value and acquisition value assessments is substantially larger for households . 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). For interorganizational transfers priced at cost, provide a separate breakdown of cost elements. Lowest Price Technically Acceptable (LPTA) (i) Any acquisition that the contracting officer determines meets the commercial product or commercial service definition in 2.101, or any modification, as defined in paragraph (3)(i) of the commercial product definition, that does not change a commercial product to other than commercial, is exempt from the requirement for certified cost or pricing data. A copy of the information submitted to the contracting officer by field pricing personnel shall be provided to the audit agency. (iii) Use of parametric estimating methods/application of rough yardsticks (such as dollars per pound or per horsepower, or other units) to highlight significant inconsistencies that warrant additional pricing inquiry. Apache/2.4.38 (Debian) Server at walkerstalkerfanfest.com Port 80 . What activity best helps the gov. Total Holdings Value is calculated by taking the most recent acquisition or disposal transaction for each distinct ticker value of Insider Filings transactions . The Services Acquisition Process includes planning, development and execution. Historical acquisition data experts as needed to develop the package, depending on the type of acquisition and the estimated dollar value. In support of subcontract costs, submit a listing of all subcontracts subject to repricing action, annotated as to their status. However, the auditor may discuss statements of facts with the contractor. 1152.65 124009.00 Increase in Value of Equity. The liability for each facility will be accreted to its present value, which is estimated to approximate $16.4 million through the estimated settlement dates extending from 2009 through 2042. If it is conducted in conjunction with a program should-cost review, a separate overhead should-cost review report is not required. This factor measures the degree of support given by the prospective contractor to Federal socioeconomic programs, such as those involving small business concerns, small business concerns owned and controlled by socially and economically disadvantaged individuals, women-owned small business concerns, veteran-owned, HUBZone, service-disabled veteran-owned small business concerns, sheltered workshops for workers with disabilities, and energy conservation. (iii) In arriving at the amount due for penalties on contracts where the submission of defective certified cost or pricing data was a knowing submission, the contracting officer shall obtain an amount equal to the amount of overpayment made. This method may be used for commercial products or commercial services including those of a type or when requiring minor modifications for commercial products. (4) In acquisitions for which a program should-cost review is conducted, a separate program should-cost review team report, prepared in accordance with agency procedures, is required. (1) Shall obtain certified cost or pricing data when required by 15.403-4, along with data other than certified cost . (3) The auditor is responsible for the scope and depth of the audit. (4) Waivers. Plan of Action Consent to subcontracts and review of contractors purchasing systems are separate actions covered in part 44. The phases of the services acquisition process are. (1) Adequate price competition. . Contracting officers shall -. The phases of the services acquisition process are. (A) Actual costs previously incurred by the same offeror; (B) Previous cost estimates from the offeror or from other offerors for the same or similar items; (C) Other cost estimates received in response to the Governments request; (D) Independent Government cost estimates by technical personnel; and. PART 2--DEFINITIONS OF WORDS AND TERMS The contracting officer may use market research conducted within 18 months before the award of any task or delivery order if the information is still current, accurate, and relevant. Acquisition valuation involves the use of multiple analyses to determine a range of possible prices to pay for an acquisition candidate. y = ($399)(15,000) 0.60 = $128,000.Back to top The program will ensure HHS conducts its due diligence to manage and maintain oversight and governance over the procurement of Information Technology (IT) therefore contributing to . It's important to note, however, that as a good proportion (or indeed all) of the consideration paid could be the equity of the buyer, the acquisition price could depend on how the market reacts to the transaction.
