depending upon the estimated dollar value of the acquisition

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). trade-offs made or relied on by the KO, including benefits associated with additional costs. 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. (ii) May prescribe specific exemptions for situations in which mandatory use of a structured approach would be clearly inappropriate. (1) Except when pricing an item on the basis of adequate price competition or catalog or market price, unit prices shall reflect the intrinsic value of an item or service and shall be in proportion to an items base cost (e.g., manufacturing or acquisition costs). The contracting officer shall consider the findings and recommendations contained in the program should-cost review team report when negotiating the contract price. (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. estimated value, etc., will not be made until each procurement is initiated. . 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 Profit consideration should correspond to the managerial and technical effort involved. (iv) Information relative to the business, technical, production, or other capabilities and practices of an offeror. Negotiations aimed merely at reducing prices by reducing profit, without proper recognition of the function of profit, are not in the Governments interest. (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). It is not right to use the government card for such purchases. 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. (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. The fact that a price is included in a catalog does not, in and of itself, make it fair and reasonable. In establishing the reasonableness of the offered prices, the contracting officer-, (1) Shall obtain certified cost or pricing data when required by 15.403-4, along with data other than certified cost or pricing data as necessary to establish a fair and reasonable price; or. When taking into account expected run-rate synergies and tax benefits, the acquisition reflects a multiple of 8.3 times estimated LTM Adjusted EBITDA. This provision also provides instructions to offerors on how to request an exception from the requirement to submit certified cost or pricing data. Not Exceeding $700K - Contracting Officer FAR 8.002(2) Services - What is the method of procurement and synopsis for a requirement Up to $3.5K? ARB Coordinator. Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? Subcontractor certified cost or pricing data must be accurate, complete and current as of the date of final price agreement, or an earlier date agreed upon by the parties, given on the prime contractors Certificate of Current Cost or Pricing Data. (b) The auditor shall send a copy of the estimating system survey report and a copy of the official notice of corrective action required to each contracting office and contract administration office having substantial business with that contractor. What is the order of priority for the required sources of supply? When any of the costs in this column have already been incurred, describe them on an attached supporting schedule. (b) Definition. Rationale for business decisions made concerning the acquisition - two parts: 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. Include the incurred cost of deleted work already performed, using actuals incurred if possible, or, if actuals are not available, estimates from your accounting records. the contracting officer or the source selection authority INVOICE: Wide Area Work Flow (WAWF) is a Paperless Contracting. as a COR, establishing a joint partnership with your Contracting Officer, TYPES OF CONTRACT CHANGES: With regard to contract modifications, IDENTIFY THE STEPS IN THE PROPOSAL EVALUATION PROCESS: A nominated COR frequently is asked, IDENTIFY DIFFERENCE ACTUAL/EXPRESS, IMPLIED, APPARENT AUTHORITY: Our acquisition regulations provide the foundation, RECOGNIZE IMPORTANCE OF COMPETITION: The competition in Contract Act requires that, IDENTIFY THE CATEGORIES OF CONTRACTS: The services contracting that the Government prefers not to use, IDENTIFY THE CORS ETHICAL RESPONSIBILITIES: Your personal and professional conduct influences, RECOGNIZE THE DUTIES AND FUNCTIONS EXPECTED OF A COR: The COR's authority is delineated in which document, IDENTIFY PROPER INVOICE REQUIREMENTS: Failure of the government to pay the contractor within 30 days, IDENTIFY THE ACTIVITIES PERFORMED IN PLANNING THE ACQUISITION: The purpose of market research is to maximize the capabilities, EFFECTIVE ACQUISITION TEAM: To have an effective acquisition team, it is important that you choose a group, IDENTIFY PERFORMANCE ASSESSMENT RESPONSIBILITIES: What is the COR's primary purpose in performing an inspection, . 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. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. -Type and complexity of requirement The estimated values of K and m for various water and sewage treatment plant components are shown in Table 5-4. Historical acquisition data (1) The requirements of this paragraph (h) are applicable to all agencies. 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. May be authorized by the Agency Head unless FAR 1.405(e) is applicable This article explores the implications of acquisition value assessment for homesteaded property established in 1983 in Muscogee County, Georgia. -Does NOT require Congressional Approval. 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. 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. 1.1 Purpose, Authority, Issuance (d) Deficient proposals. Boeing ($22.0 bn) Northrop Grumman ($19.7 bn) General Dynamics ($16.4 bn) Raytheon ($16.1 bn) In the same period, small business contracts totalled $96.8 billion. (2) Contracting officers may require prospective contractors to submit make-or-buy programs for negotiated acquisitions whose estimated value is under $15 million only if the contracting officer-, (i) Determines that the information is necessary; and. Procurement Monies - 3 years 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. (ii) The probable cost is determined by adjusting each offerors proposed cost, and fee when appropriate, to reflect any additions or reductions in cost elements to realistic levels based on the results of the cost realism analysis. System for Award Management-www.sam.gov The following five steps should be considered when completing a PPA: Step 1: Determine the fair value of consideration paid; Step 2: Revalue all existing assets and . This subpart prescribes the cost and price negotiation policies and procedures for pricing negotiated prime contracts (including subcontracts) and contract modifications, including modifications to contracts awarded by sealed bidding. CONTRACT AWARD: Depending upon the estimated dollar value of the acquisition:. (1) When a prime contractor includes defective subcontract data in arriving at the price but later awards the subcontract to a lower priced subcontractor (or does not subcontract for the work), any adjustment in the prime contract price due to defective subcontract data is limited to the difference (plus applicable indirect cost and profit markups) between the subcontract price used for pricing the prime contract, and either the actual subcontract price or the actual cost to the contractor, if not subcontracted, provided the data on which the actual subcontract price is based are not themselves defective. 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. See HHSAR 306.304(a)(1) and 313.501(a)(2)(i) for additional information regarding CO approval of a JOFOC in this dollar range. Any method of distributing costs to line items that distorts the unit prices shall not be used. (v) Cost-control and other past accomplishments. Urgency (6) An offset shall not be allowed if-, (i) The understated data were known by the contractor to be understated before the "as of" date specified on the Certificate of Current Cost or Pricing Data; or. (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. (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. (See the Certificate of Current Cost or Pricing Data at 15.406-2.). (2) Unless prohibited because an exception at 15.403-1(b) applies, the head of the contracting activity, without power of delegation, may authorize the contracting officer to obtain certified cost or pricing data for pricing actions below the pertinent threshold in paragraph (a)(1) of this subsection, provided the action exceeds the simplified acquisition threshold. Depending upon the estimated dollar value of the acquisition: the contracting officer or the source selection authority. Tradeoffs Wiki User 2017-06-15 17:26:11 The Simplified Acquisition Threshold (SAT) ( FAR 2.101) is $250,000. 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. 2.2.1 Xxxx Atlantic shall change the prices for Xxxx Atlantic Ancillary Services, from time -to-time, to the extent such change is required by Applicable Law, including, but not limited to, by regulation or order of the Commission, the FCC, or other governmental entity of appropriate jurisdiction. Actual annual usage was 5,500 hours . . (vii) Any recommendations to defer make-or-buy decisions when categorization of some items or work efforts is impracticable at the time of submission. 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.

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