(ii) In accordance with section 41 U.S.C. Enter the net cost of change, which is the cost of work added, less the net cost to be deleted. (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. All data submitted in connection with the FPRA, updated as necessary, form a part of the total data that the offeror certifies to be accurate, complete, and current at the time of agreement on price for an initial contract or for a contract modification. true. Procurement Monies - 3 years 3505(b)). 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. Policy -Statutory requirement acquisition costs proposed is in excess of $1 million, 10 percent of all remaining . (b) Program should-cost review. It is not right to use the government card for such purchases. depending upon the estimated dollar value of the acquisition It was driven 18,000 miles in 2018 and 32,000 miles in 2019. -Unusual and compelling urgency -Urgency of requirement (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)). (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. (A) Verifying sales history to source documents; (B) Identifying special terms and conditions; (C) Identifying customarily granted or offered discounts for the item; (D) Verifying the item to an existing catalog or price list; (E) Verifying historical data for a product or service previously not determined commercial that the offeror is now trying to qualify as a commercial product or commercial service; and. (2) Price analysis shall be used when certified cost or pricing data are not required (see paragraph (b) of this subsection and 15.404-3). 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. Unless the acquisition requires synopsizing: 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. 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). The fees are additional dollars paid to the contractor based upon the contractor meeting or . INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. Most competitive negotiated acquisitions are awarded in this manner. It typically takes 8-10 months for efforts less than $50M, 10-12 months from efforts greater than $50M but less than $100M, and 12+ months for efforts greater than $100M. 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements ", (iii) For each item or work effort categorized as "can either make or buy," a proposal either to "make" or to "buy.". This form also must be completed before the program official submits the purchase request (PR) package to the Procurement Office. (2) Its Alternate II, if a cost-plus-incentive-fee contract is contemplated. (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). Increase in Equity Value estimated value, etc., will not be made until each procurement is initiated. 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). 1.6 Contracting Authority and Responsibilities Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. (ii) The waiver specifically includes the subcontract and the rationale supporting the waiver for that subcontract. 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 . b. will provide a debriefing to the SSA upon request. -Optional use Federal Supply Schedules (viii) Any other information the contracting officer requires in order to evaluate the program. Indefinite Delivery Indefinite Quantity. 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. (d) Possession of a Certificate of Current Cost or Pricing Data is not a substitute for examining and analyzing the contractors proposal. (i) Some initial production has already taken place; (ii) The contract will be awarded on a sole source basis; (iii) There are future year production requirements for substantial quantities of like items; (iv) The items being acquired have a history of increasing costs; (v) The work is sufficiently defined to permit an effective analysis and major changes are unlikely; (vi) Sufficient time is available to plan and adequately conduct the should-cost review; and. 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. Who Depending upon the estimated dollar value of the acquisition and What are the response times for commercial items and R&D? The phases of the services acquisition process are. (See the Certificate of Current Cost or Pricing Data at 15.406-2.). (4) Replace the basic provision 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. -Sufficient justification for the authority cited Identification of the justification rationale [see 8.405-6(a) and (b)] and, if applicable, a demonstration of the proposed contractor's unique qualifications to provide the required supply or service. -Foreign Military Sales (if source directed) The completed field pricing assistance results may reference audit information, but need not reconcile the audit recommendations and technical recommendations. (C) There is no finding that the price of the otherwise successful offeror is unreasonable. The Government is also entitled to penalty amounts on certain of these overpayments. Principles of full & open competition commercial item? . depending upon the estimated dollar value of the acquisition If it is conducted in conjunction with a program should-cost review, a separate overhead should-cost review report is not required. Plan of Action 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. (ii) Evaluating the effect of the offerors current practices on future costs. How To Create A Route For Wahoo Elemnt, (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. Whether incorporation by reference is or is not authorized adds rules and regulations that are not covered in the FAR. 12,816. 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. (2) Cost realism analyses shall be performed on cost-reimbursement contracts to determine the probable cost of performance for each offeror. River Plantation Flood Map, (i) Contractor effort. Price analysis should be used to verify that the overall price offered is fair and reasonable. C. Other Than Full and Open Competition Depending on the estimated dollar value of the acquisition, the decision to award may be the KO or designated source selection authority. In this case, he could multiply his purchase price of $100,000 by 25% to get a land value of $25,000. Phasos of the Services Acquisrt:ion Procoss 4 Reqmr.menls Oeflndlon 5. Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . It is normally used to evaluate and negotiate an FPRA with the contractor. The contracting officer shall, (1) Insert the clause at 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, in solicitations and contracts when the clause prescribed in paragraph (c) of this section is included; or. The five guides are: I Price Analysis, II Quantitative Techniques for Contract Pricing, III Cost Analysis, IV Advanced Issues in Contract Pricing, and V Federal Contract Negotiation Techniques. Operations & Maintenance - 1 year 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 SAT can vary depending on the particular acquisition situation. What are the three types of indefinite delivery contracts? Diploma In Nursing At Aga Khan University, Limited competition required to meet requirements Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority, The phases of the services acquisition process are, The technical experts and nominated COR are usually involved in evaluating, You are monitoring a custodial contract (bathroom), When assessing a contractor's performance, Which of the following statements (false), Which selection best describes the preferred relationship, as a COR, establishing a joint partnership with your Contracting Officer, Our acquisition regulations provide the foundation, The competition in Contract Act requires that, The services contracting that the Government prefers not to use, The COR's authority is delineated in which document, Failure of the government to pay the contractor within 30 days, The purpose of market research is to maximize the capabilities, To have an effective acquisition team, it is important that you choose a group, What is the COR's primary purpose in performing an inspection, determine whether the completed supplies and services, The __ is the statutory requirement that ensures, Which of the following would not be fraudulent, accepting an unsolicited gift Valued at $15, The COR will be evaluating a contractor's performance using the ___, quality assurance surveillance plan (QASP), Which selection below describes a fixed price contract, the governments obligation to pay the agreed-upon price regardless, DAU CLC 206, COR IN A CONTINGENCY ENVIRONMENT, Metalle herstellen ( Oxidationsreihe Metalle), John David Jackson, Patricia Meglich, Robert Mathis, Sean Valentine, Operations Management: Sustainability and Supply Chain Management. Set-Asides for Small Business Concerns -Price competition Form USM-416, Individual Acquisition Planning, must be completed for each new contract action above the dollar threshold of $100,000. What is the Competition Advocate and what are they responsible for? Not Exceeding $700K - Contracting Officer Specify the total estimated dollar value of the acquisition, inclusive of options, and the total performance/delivery period. (1) Use the clause with its Alternate I to specify a format for certified cost or pricing data other than the format required by Table 15-2 of this section; (2) Use the clause with its Alternate II if copies of the proposal are to be sent to the ACO and contract auditor; (3) Use the clause with its Alternate III if submission via electronic media is required; and. x subsidiary assets and liabilities are adjusted to reflect acquisition-date fair values net of post-acquisition amortization. This requirement does not apply when unrelated and separately priced changes for which certified cost or pricing data would not otherwise be required are included for administrative convenience in the same modification. b. 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 At the same point in time, the thirty-year treasury bond rate in the United States was 8.00%. (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). (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. 1.5 Agency and Public Participation When there is a repetitive need for supplies or services. Base year plus 4 option years Should-cost reviews differ from traditional evaluation methods because they do not assume that a contractors historical costs reflect efficient and economical operation. Unless an exception under 15.403-1(b)(1) or (2) applies, the contracting officer shall 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. For more information on peer reviews, see DFARS 201.170 and AFARS 5101.170. . (i) The probable cost may differ from the proposed cost and should reflect the Governments best estimate of the cost of any contract that is most likely to result from the offerors proposal. Quantity deleted from inventory 11. High School For Environmental Studies Ceeb Code, Estimated Capacity based upon POW = $250,000 . It is used for the writing soliciations and contracts. A FAR revision should be requested if an agency knows it will require a class deviation on a permanent basis the contracting officer or the source selection authority. 15.402 Pricing policy. The median Series A deal had a pre-money valuation of $20 million. 4. true ETHICS PROCUREMENT PERSONNEL: You are a COR working on the third year of a 5-year contract (football tickets). As well, generally internally generated goodwill and other intangible assets can not be recognized on the balance sheet. Amount of info already available. Acquisition Considerations, An item that was developed expressly for government use, as long as the contractor paid for all of the developmental costs, and the item is sold in substantial quantities, on a competitive basis, to multiple government offices (State and Federal), minor modifications of a type not customarily available in the commercial marketplace to meet federal government requirements. no, the tickets exceed the 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. Central banks attempt to limit inflation . -Requires approvals 23E. (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. The fees are additional dollars paid to the contractor based upon the contractor meeting or . Where the determination of a fair and reasonable price is based on cost analysis, the summary shall address each major cost element. Restaurants In Sorrento With A View, Av. (1) Adequate price competition. 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). The Government has a continuing and direct financial interest in such payments that is unaffected by the initial agreement on prime contract price. (3) Contract actions awarded pursuant to subparts 19.5, 19.8, 19.13, 19.14, or 19.15 are exempt from the requirements of this paragraph (h) (see section 1615 of the National Defense Authorization Act for Fiscal Year 2014 (Pub. (A) The repayment amount; (B) The penalty amount (if any); (C) The interest amount through a specified date; and. understand why it might be useful to develop estimates of the values of environmental goods in dollar terms. 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). Goes well beyond business valuation to address the specific needs of business buyers, transaction advisors and accountants . acquisition costs proposed is in excess of $1 million, 10 percent of all remaining . Disposal - upgraded (list new serial number), transferred, sold or destroyed For acquisitions of supplies or services for supporting a contingency operation or facilitating defense against or recovery from nuclear, biological, chemical, or radiological attack, the SAT is (i) $800,000 . This factor allows additional profit opportunities to a prospective contractor that has previously demonstrated its ability to perform similar tasks effectively and economically. 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. Can you accept these tickets? - Contractor's technical capability and financial responsibility (iii) Federal socioeconomic programs. Over $13.5 Million - $93 Million - Head of the Contracting Activity 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. CLC 106 COR with a Mission Focus : r/StupidArmyTests - reddit 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. If the HCA has waived the requirement for submission of certified cost or pricing data, the contractor or higher-tier subcontractor to whom the waiver relates shall be considered as having been required to provide certified cost or pricing data. -Contracting Officer SHALL NOT commence sole source negotiations without a J&A Strategic market research 2. The assessor's opinion of value can be found for free on most city or county websites that list property tax and ownership data. (1) Unbalanced pricing may increase performance risk and could result in payment of unreasonably high prices. Competition Policy FAR 6.101 (1) Should-cost reviews are a specialized form of cost analysis. Capacity is an estimated five-year dollar amount of what an individual could potentially give to the non-profit industry as a whole. How do you determine whether a particular policy or procedure stated in the FAR applies to a given acquisition? . Consequently, award of any lower-tier subcontract expected to exceed the certified cost or pricing data threshold requires the submission of certified cost or pricing data unless-, (i) An exception otherwise applies to the subcontract; or. 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. (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). , 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. What are some potential sources for conducting market 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. Acquisition valuation involves the use of multiple analyses to determine a range of possible prices to pay for an acquisition candidate. (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. (1) In those acquisitions that do not require certified cost or pricing data, the contracting officer shall. 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 . Explain the basis for the estimates, including identification of any provision for experienced or anticipated allowances, such as shrinkage, rework, design changes, etc. 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, . What is the method of procurement and synopsis for a requirement Up to $3.5K? (2) The contracting officer shall tailor the type of information and level of detail requested in accordance with the specialized resources available at the buying activity and the magnitude and complexity of the required analysis. Should the offeror/contractor again refuse to provide adequate data, or provide access to necessary data, the contracting officer shall withhold the award or price adjustment and refer the contract action to a higher authority, providing details of the attempts made to resolve the matter and a statement of the practicability of obtaining the supplies or services from another source. 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. FedBizOps Exhibit 519.104 depending upon the type of appraisaL No changes to the appraisal . If the contracting officer determines that a product or service claimed to be commercial is not, and that no other exception or waiver applies (e.g., the acquisition is not based on adequate price competition; the acquisition is not based on prices set by law or regulation; and the acquisition exceeds the threshold for the submission of certified cost or pricing data at 15.403-4(a)(1)) the contracting officer shall require submission of certified cost or pricing data.