depending upon the estimated dollar value of the acquisition

The estimate should consider the technical content of the program described in the CNS, UA, acquisition strategy, and test strategy. ", (iii) For each item or work effort categorized as "can either make or buy," a proposal either to "make" or to "buy.". 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. In establishing the reasonableness of the offered prices, the contracting officer -. The prime contractor is responsible for managing contract performance, including planning, placing, and administering subcontracts as necessary to ensure the lowest overall cost and technical risk to the Government. 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. ARB . How long do you have to definitize a letter contract. (A) Use the basic clause in solicitations and contracts when the estimated value equals or exceeds $100,000, but is less than $191,000 The K values are based on 1968 dollars. The ACO shall establish a follow-up plan to monitor the correction of the uneconomical or inefficient practices. -Foreign Military Sales (if source directed) The Office of Management and Budget (OMB), pursuant to section 5112(e) of the Information Technology Management Reform Act (ITMRA) and better known as the Clinger-Cohen Act, designates an Executive Agent to operate each GWAC. Facts that lead to the decision, or findings (h) Facilities Capital Cost of Money. the contracting officer or the source selection authority INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. What are the Physical devices used to construct memories? . 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. (ii) Contract cost risk. (4) Waivers. In addition, the contracting officer should request data to determine the cost realism of competing offers or to evaluate competing approaches. Government -wide acquisition contracts (GWACS): 3 William Street Tranmere SA 5073; 45 Gray Street Tranmere SA 5073; 36 Hectorville Road, Hectorville, SA 5073; 1 & 2/3 RODNEY AVENUE, TRANMERE Copies of updated information that will significantly affect the audit should be provided to the auditor by the contracting officer. Disposition of the action should be documented. Option is the most advantageous method of fulfilling the need (4) Subcontractor certified cost or pricing data shall be current, accurate, and complete as of the date of price agreement, or, if applicable, an earlier date agreed upon by the parties and specified on the contractors Certificate of Current Cost or Pricing Data. (d) Profit-analysis factors-. 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. Our acquisition regulations provide foundation on which the acquisition is based and legally delegate which type of authority to the contracting . (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. . The results of estimating system reviews shall be documented in survey reports. Overpayment occurs only when payment is made for supplies or services accepted by the Government. Match. Enter the difference between the contract amount and the redetermination proposal amount. 4. (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. (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. the civilian agency acquisition council and the defense acquisition regulations council (councils) are proposing to amend the federal acquisition regulation (far) to delineate the process for determining and resolving the cost impact on contracts and subcontracts when a contractor makes a compliant change to a cost accounting practice or follows , when the estimated value equals or exceeds $25,000, but is less than $191,000 , unless an exception at FAR 25.401 or 225.401 applies. b. will provide a debriefing to the SSA upon request. The contracting officer should consider whether the development cost was recovered directly or indirectly from Government sources. -Urgency of requirement Who is Katy mixon body double eastbound and down season 1 finale? 6.302-4 - International Agreement The contracting officer shall insert the clause at 52.215-15, Pension Adjustments and Asset Reversions, 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. When performing surveillance on a contract, a COR may be asked to? 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). (e) Subcontractor Certified Cost or Pricing Data-Modifications. 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 fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. CLC 106 Flashcards - Cram.com Rationale for business decisions made concerning the acquisition - two parts: Depending on the type of acquisition and the estimated dollar value, the requiring component is expected to form a multi- functional team consisting of the PM, CO, CS, and Contracting Officer's Representative (COR) to develop the package. (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. (b) Exceptions to certified cost or pricing data requirements. Enter your estimate for cost of work added by the change. The difference between market value and acquisition value assessments is substantially larger for households . The six types of successful acquisitions | McKinsey Requests for updated offeror data should be limited to data that affect the adequacy of the proposal for negotiations, such as changes in price lists. 14,803 2. High School For Environmental Studies Ceeb Code, Historical acquisition data 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. (v) Consider the guidance in section 3.3, chapter 3, volume I, of the Contract Pricing Reference Guide cited at 15.404-1(a)(7) to determine the data an offeror shall be required to submit. Operations & Maintenance - 1 year Actual cost for materials -People Who Are Blind or Severely Disabled (NIB/NISH or Ability One) This is to certify that, to the best of my knowledge and belief, the cost or pricing data (as defined in section 2.101 of the Federal Acquisition Regulation (FAR) and required under FAR subsection 15.403-4) submitted, either actually or by specific identification in writing, to the Contracting Officer or to the Contracting Officer's representative in support of ________* are accurate, complete, and current as of ________**. What are the Contents of a Written Acquisition Plans? How many nieces and nephew luther vandross have? 5 Key Steps to Prepare a Purchase Price Allocation After A - MNP (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. 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 . -Use at least 2 quotes from two sources not used before. Upon identification of the acquirer and determination of the acquisition date, business combinations are accounted for through the preparation of a Purchase Price Allocation (PPA). 6.302-2 - Unusual and compelling urgency Acquisition Type - purchased, leased, or donated (gift) 8. (1) The contracting officer shall insert the provision at 52.215-22, Limitations on Pass-Through Charges-Identification of Subcontract Effort, in solicitations containing the clause at 52.215-23. 1. (B) Conversion direct labor. for supplies or services currently being provided by a small business and the proposed acquisition is of a quantity or estimated dollar value, the magnitude of which makes it unlikely that small businesses can compete . This subfactor measures the managerial and technical effort needed to obtain the required purchased parts and material, subcontracted items, and special tooling. (iii) Level of noncompetitive Government contracts. Acquisition premium represents the increased . Tradeoffs 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. This subfactor measures how much the indirect costs contribute to contract performance. -Required by statute. (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-. , when the estimated value equals or exceeds $25,000, but is less than $182,000 , unless an exception at FAR 25.401 or 225.401 applies. The information required from a contractor in a make-or-buy program shall be confined to those major items or work efforts that normally would require company management review of the make-or-buy decision because they are complex, costly, needed in large quantities, or require additional equipment or real property to produce. 3505(b)). 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 . This includes requiring data from an offeror to support a cost realism analysis; (iii) Consider whether cost data are necessary to determine a fair and reasonable price when there is not adequate price competition; (iv) Require that the data submitted by the offeror include, at a minimum, appropriate data on the prices at which the same item or similar items have previously been sold, adequate for determining the reasonableness of the price unless an exception under 15.403-1(b)(1) or (2) applies; and. Use CTRL+F to find the first part of the question. (1) Cost realism analysis is the process of independently reviewing and evaluating specific elements of each offerors proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; reflect a clear understanding of the requirements; and are consistent with the unique methods of performance and materials described in the offerors technical proposal. Acquisition premium represents the increased . and depending on the size of the acquisition or disposition, may require . What are the two most common types of best Value evaluations? (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. Article Content - Defense Acquisition University 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. Change in ROE of combined firm. The assessor's opinion of value can be found for free on most city or county websites that list property tax and ownership data. As well, generally internally generated goodwill and other intangible assets can not be recognized on the balance sheet. (v) Cost-control and other past accomplishments. Normally, adequate price competition establishes a fair and reasonable price (see 15.403-1(c)(1)). . (vi) Analysis of the results of any make-or-buy program reviews, in evaluating subcontract costs (see 15.407-2). (d) For each advisory audit received based on a postaward review that indicates defective pricing, the contracting officer shall make a determination as to whether or not the data submitted were defective and relied upon. Unbalanced pricing exists when, despite an acceptable total evaluated price, the price of one or more line items is significantly over or understated as indicated by the application of cost or price analysis techniques. Computing Depreciation under Alternative Methods. 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. Enter those necessary and reasonable costs that in your judgment will properly be incurred in completing the remaining work to be performed under the contract with respect to the item(s) to which your proposal relates. (4) Replace the basic clause with its Alternate IV if certified cost or pricing data are not expected to be required because an exception may apply, but data other than certified cost or pricing data will be required as described in 15.403-3. 1.4 Deviations from the FAR determine whether the completed supplies and services, DIFFERENCE BETWEEN ACTUAL/EXPRESS, IMPLIED, AND APPARENT AUTHORITY: Which of the following individuals has expressed authority, RECOGNIZE THE IMPORTANCE OF COMPETITION: The __ is the statutory requirement that ensures, RECOGNIZE ETHICS REGULATIONS PROCUREMENT PERSONNEL: Which of the following would not be fraudulent, . (3) The name, position, and organization of each person representing the contractor and the Government in the negotiation. 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. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. 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. Civilian agencies, other than NASA, must furnish copy of approved deviation to the FAR Secretariat, Affect only one contract action (1) The contracting officer should request that personnel having specialized knowledge, skills, experience, or capability in engineering, science, or management perform a technical analysis of the proposed types and quantities of materials, labor, processes, special tooling, equipment or real property, the reasonableness of scrap and spoilage, and other associated factors set forth in the proposal(s) in order to determine the need for and reasonableness of the proposed resources, assuming reasonable economy and efficiency. (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. Over $13.5 Million - $93 Million - Head of the Contracting Activity The increases for micro-purchases and the simplified acquisition threshold apply to FTA-funded procurements made on or after June 20, 2018. depending upon the estimated dollar value of the acquisition Lowest Price Technically Acceptable (LPTA) The median dollar worth of a seed deal that Cooley saw in the first quarter of 2019 was $8 million. (D) General management. 1.6 Contracting Authority and Responsibilities This factor measures the complexity of the work and the resources required of the prospective contractor for contract performance. Price adjustment amounts must consider both increases and decreases (e.g., a $500,000 modification resulting from a reduction of $1,500,000 and an increase of $1,000,000 is a $2,500,000 pricing adjustment exceeding the $2,000,000 threshold). Military Construction - 5 years, prohibits federal employees from authorizing an expenditure of funds in excess of the amount available. At least 15 days prior to solicitation or proposed contract action, FAR 5.101(a)(2) Proposed contract actions expected to exceed $15,000, but not expected to exceed $25,000by displaying in a public place, or by any appropriate electronic means. Healy, Palepu, and Ruback (1997) argue that advantages of using a sample of large acquisitions over a random sample include (1) the dollar value of the Quantity deleted from inventory 11. assignment standards and adequately supports the value estimate, and specifically 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 .

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