Contracting officers shall -. Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. A. (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. 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. -Adequacy of contractor's accounting system (c) Commercial products and commercial services. Approvals needed. If there are such data, the contracting officer shall attempt to obtain and use them in the negotiations or make satisfactory allowance for the incomplete data. Glaxo Holdings had an estimated beta of 1.10 at the end of 1994. . They are to be used for instruction and professional guidance. In pricing production of recently developed complex equipment, the contracting officer should perform a trend analysis of basic labor and materials, even in periods of relative price stability. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. If such alternative approaches are selected, any resulting solicitations shall be issued in accordance with the competition requirements under FAR part 6; (ii) Make a written determination that the contracting approach selected is in the best interest of the Government; and. The ACO should use this information to form the basis for the Government position in negotiating an FPRA with the contractor. Set-Asides for Small Business Concerns (vi) Analysis of the results of any make-or-buy program reviews, in evaluating subcontract costs (see 15.407-2). exceeding the threshold set forth in FAR 15.403-4 and not otherwise exempt, in accordance with FAR 15.403-1(b) ( i.e., adequate price competition, commercial products or commercial services, prices set by law or regulation or waiver). The current threshold values for federal procurements are US$183,000 for contracts for goods and services and US$7,032,000 for construction contracts. (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. (2) Additional factors. This subfactor measures the managerial and technical effort needed to obtain the required purchased parts and material, subcontracted items, and special tooling. Government -wide acquisition contracts (GWACS): (l) Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data. estimated value, etc., will not be made until each procurement is initiated. Unless an exception from the requirement to obtain certified cost or pricing data applies under 15.403-1(b)(1) or (b)(2), at a minimum, the contracting officer shall obtain appropriate data, without certification, on the prices at which the same or similar items have previously been sold and determine if the data is adequate for evaluating the reasonableness of the price. For interorganizational transfers priced at cost, provide a separate breakdown of cost elements. 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-. 7. (ii) In accordance with section 41 U.S.C. 6.302-2 - Unusual and compelling urgency The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. 1152.65 124009.00 Increase in Value of Equity. L. 110-181 ). (iii) The modification of any sealed bid or negotiated contract (whether or not certified cost or pricing data were initially required) or any subcontract covered by paragraph (a)(1)(ii) of this subsection. The contracting officer should require such information in all other negotiated contracts when appropriate. Cost, schedule and capability or performance constraints What requirements must be fulfilled to exercise an option? All responsible sources permitted to compete (a) If, before agreement on price, the contracting officer learns that any certified cost or pricing data submitted are inaccurate, incomplete, or noncurrent, the contracting officer shall immediately bring the matter to the attention of the prospective contractor, whether the defective data increase or decrease the contract price. The contracting officer shall insert the clause at 52.215-19, Notification of Ownership Changes, in solicitations and contracts for which it is contemplated that certified cost or pricing data will be required or for which any preaward or postaward cost determination will be subject to subpart 31.2. 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. Price analysis should be used to verify that the overall price offered is fair and reasonable. Which of the following individuals has expressed authority to enter into and administer contracts and is responsible for ensuring? Such techniques and procedures include the following: (i) Verification of cost data or pricing data and evaluation of cost elements, including-. This dollar range is current as of the date of issuance of interim acquisition policy memorandum No. (f) Evaluation, negotiation, and agreement. The difference between market value and acquisition value assessments is substantially larger for households . How many "subparts" does the FAR contain? Option fulfills an existing need Certificate of Current Cost or Pricing Data. plan, develop, execute . -Commercial Sources. Broaden industry participation in meeting Government requirements; and -Optional use Federal Supply Schedules This potential remuneration element and the Governments estimate of allowable costs to be incurred in contract performance together equal the Governments total prenegotiation objective. When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. (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. Invitation for Bid - Sealed Bidding - FAR Part 14 3905: (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contracts estimated cost, excluding fee. Identify the attachment in which the information supporting the specific cost element may be found. (B) In order to make this determination, the contracting officer may request the offeror to submit prices paid for the same or similar commercial services under comparable terms and conditions by both Government and commercial customers; and. Responsible agency creates and publishes a "proposed rule" in the Federal Register, Satisfy the customer in terms of cost, quality, and timeliness of the delivered product or service. x excess acquisition-date fair over book values for limited-life subsidiary assets must be amortized over time. Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling. Fixed price contracts 100% Contractor Conditions that may affect the agreements validity shall be reported promptly to the ACO. The dollar value will be supported by appropriate documentation. Law The Federal Government's authority to enter into contracts derives from the U.S. Constitution, which defines its powers. (a) The exercise of an option at the price established at contract award or initial negotiation does not require submission of certified cost or pricing data. -Agency Inventories 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. )Assumes plantcane crop is sold, and . 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. (iv) Capital investments. Typically this is determined by a dollar value cut off based on the size of the Target - for example, all agreements which involve (or which could potentially involve) more than $50,000 in value or which the Company's operations are substantially dependent. When nonrecurring costs are significant, or when specifically requested to do so by the Contracting Officer, provide a full identification and explanation of them. -Does NOT require Congressional Approval. (3) 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 reflect a $2 million threshold for obtaining certified cost or pricing data on subcontracts entered on and after July 1, 2018. (4) As specified in section 808 of the Strom Thurmond National Defense Authorization Act for Fiscal Year 1999 (Pub. (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. ARCHIVED 2029 00 (2005-06-10) General Conditions - Goods or Services (Low Dollar Value) Remarks: Use the following general conditions for Low Dollar Value Competitive and Non-Competitive requirements, for goods or services. Quantity deleted from inventory 11. Definite Quantity Contract For example, if certified cost or pricing data were furnished on previous production buys and the contracting officer determines such data are sufficient, when combined with updated data, a waiver may be granted. What are Determination and Findings (D&F)? no, the tickets exceed the CHAPTER 35). -Promoting the acquisition of commercial items (1) Adequate price competition. 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. 6.302-5 - Authorized or required by statute Policy - FAR 19.201 Begins when legislation is passed or an executive order is issued that requires regulatory implementation The contracting officer shall insert the clause at 52.215-9, Changes or Additions to Make-or-Buy Program, in solicitations and contracts when it is contemplated that a make-or-buy program will be incorporated in the contract. Before applying profit or fee factors, the contracting officer shall exclude from the pre-negotiation cost objective amounts the purchase cost of contractor-acquired property that is categorized as equipment, as defined in FAR 45.101, and where such equipment is to be charged directly to the contract. If a less economical "make" or "buy" categorization is selected for one or more items of significant value, the contracting officer shall use the clause with-, (1) Its Alternate I, if a fixed-price incentive contract is contemplated; or. Award times vary depending on the dollar value and complexity of the effort and are predicated upon the receipt of the three core documents (PWS, NTB, and IGCE). 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. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets) Estimated Capacity based upon POW = $250,000 . Before applying profit or fee factors, the contracting officer shall exclude any facilities capital cost of money included in the cost objective amounts. While the particular elements to be analyzed are a function of the contract work task, elements such as manufacturing, pricing and accounting, management and organization, and subcontract and vendor management are normally reviewed in a should-cost review. requires that funds appropriated by Congress be used only for the programs and purposes for which the appropriation was made. (g) Pension Adjustments and Asset Reversions. Also, if you desire to retain these items or any portion of them, indicate the amount offered for them. -Recommends a system of personal and organizational accountability for competition. 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. Prohibition on obtaining certified cost or pricing data (10 U.S.C. Affect more than one contract action (5) An offset shall be allowed only in an amount supported by the facts and if the contractor-, (i) Certifies to the contracting officer that, to the best of the contractors knowledge and belief, the contractor is entitled to the offset in the amount requested; and. Select and defend the tools you think are more effective in promoting the national interest. The acquisition is projected to be accretive to earnings in 2022, the first full year of combined operations. 1 SLAT Warrant Procurement Limit.Lease procurement awards using a Simplified warrant shall not exceed a total lease contract value of $10,000,000. This provision also provides instructions to offerors on how to request an exception from the requirement to submit certified cost or pricing data. (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. In the event the amounts are not segregated in or otherwise available from your records, enter in this column your best estimates. Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. The scope of a should-cost review can range from a large-scale review examining the contractors entire operation (including plant-wide overhead and selected major subcontractors) to a small-scale tailored review examining specific portions of a contractors operation. (select all that apply), a. This subsection prescribes policies for establishing the profit or fee portion of the Government prenegotiation objective in price negotiations based on cost analysis.
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depending upon the estimated dollar value of the acquisition
