depending upon the estimated dollar value of the acquisition

. (b) Definition. -Consider soliciting at least 3 sources From 1993 to 2001, Cisco acquired 71 companies, at an average price of approximately $350 million. (ii) The clause may be used when the total estimated contract or order value is below the thresholds identified in 15.408(n)(2)(i) and for any contract type, when the contracting officer determines that inclusion of the clause is appropriate. -Promoting full and open competition Acquisition Type - purchased, leased, or donated (gift) 8. Depending on the complexity of the acquisition, the evaluation process can last anywhere from a few days to several months. (B) The contractor assumes the greatest cost risk in a closely priced firm-fixed-price contract under which it agrees to perform a complex undertaking on time and at a predetermined price. (D) The application of audited or negotiated indirect cost rates, labor rates, and cost of money or other factors. STRUCTURE OF THE FAR TO THE SUBPART LEVEL SUBCHAPTER A--GENERAL PART 1--FEDERAL ACQUISITION REGULATIONS SYSTEM 1.1 Purpose, Authority, Issuance 1.2 Administration 1.3 Agency Acquisition Regulations 1.4 Deviations from the FAR 1.5 Agency and Public Participation 1.6 Contracting Authority and Responsibilities 1.7 . What type of contract must be awarded for a ATM product sales and other revenues. L. 85-804 shall be accomplished as expeditiously as practicable, consistent with the care, restraint, and . What are the three types of solicitations? ARB . This subfactor measures the contribution of direct engineering, manufacturing, and other labor to converting the raw materials, data, and subcontracted items into the contract items. You, as a COR, are giving technical direction to the contractor. Competition Policy FAR 6.101 (A) Use the basic clause in solicitations and contracts when the estimated value equals or exceeds $100,000, but is less than $182,000 [183, 000] (*. (v) Major system or program. Such information shall be used to determine whether the intrinsic value of an item has been distorted through application of overhead and whether such items should be considered for breakout. The labor elements in the allocable indirect costs should be given the profit consideration they would receive if treated as direct labor. -May be IDIQ contracts or contracts with annual options 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. 6.302-7 - Public Interest, -Exception authority cited for recommending a Sole Source The other elements of indirect costs should be evaluated to determine whether they merit only limited profit consideration because of their routine nature, or are elements that contribute significantly to the proposed contract. Use CTRL+F to find the first part of the question. Ensure that gov. What is the Government's policy concerning the use of Small Business Concerns? (2) The Government may use various price analysis techniques and procedures to ensure a fair and reasonable price. (b) Price each contract separately and independently and not-, (1) Use proposed price reductions under other contracts as an evaluation factor; or. (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. Each contract action with a total estimated absolute value of $500,000 or greater (*. (3) The contracting officer shall ensure that data used to support price negotiations are sufficiently current to permit negotiation of a fair and reasonable price. (ii) May prescribe specific exemptions for situations in which mandatory use of a structured approach would be clearly inappropriate. Acquisition background and objectives Sole Source L. 113-66)). Revenues: ATM operating revenues $ 255,018 $ 291,799 (12.6)%. (b) Certified cost or pricing data are not required for proposals used solely for overrun funding or interim billing price adjustments. What is a Justification and Approval (J&A)? Acquisition planning commences with a legislated directive or when a concept or a need is identified. 3505(b)). (a) The prenegotiation objectives establish the Governments initial negotiation position. DealSense is the all-in-one system for business valuation, pricing, financing, projecting and evaluating the economics of middle-market mergers and acquisitions including combinations, consolidations and rollups. 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 . 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. 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. However, this does not mean that all of the policies and procedures of the FAR apply to all acquisitions. 12,816. Approvals needed. Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. Life-cycle cost Planning the purchase should begin at the earliest practicable time. -Does NOT require Congressional Approval. (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. "Upon closing this transaction, we will have acquired more than 55,000 net acres of highly productive, oil-weighted inventory in Howard and western Glasscock counties in just two years . 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. Unless it is clearly inappropriate or not applicable, each factor outlined in paragraphs (d)(1)(i) through (vi) of this subsection shall be considered by agencies in developing their structured approaches and by contracting officers in analyzing profit, whether or not using a structured approach. 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 1.4 Deviations from the FAR Seven statutory exceptions. The contracting officer shall prepare a memorandum documenting both the determination and any corrective action taken as a result. What are the Competition Requirements for Simplified Acquisitions? Check the applicable block below based on the acquisition circumstance. . 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. DealSense is the all-in-one system for business valuation, pricing, financing, projecting and evaluating the economics of middle-market mergers and acquisitions including combinations, consolidations and rollups. However, the findings and recommendations of the overhead should-cost team, or any separate overhead should-cost review report, shall be provided to the ACO. Statement of need Under certain conditions the Government may not be able to specify its required delivery and/or quantity or may not have sufficient funds for obligation of the entire needed quantity at that time. 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. Cost - the cost of the purchased software 12. (2) 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 replace clause 52.215-13, Subcontractor Certified Cost or Pricing DataModifications, with its Alternate I. (vi) Identification of proposed subcontractors, if known, and their location and size status (also see subpart 19.7 for subcontracting plan requirements). . (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). Not specific (vi) A fixed-price incentive contract for the acquisition of a commercial product or commercial service. 4. (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. Our acquisition regulations provide foundation on which the acquisition is based and legally delegate which type of authority to the contracting . Identification of the . Your personal and professional conduct influences the public's confidence in the federal acquisition process. (4) The requirement for necessary preaward or postaward access to offerors records. This article explores the implications of acquisition value assessment for homesteaded property established in 1983 in Muscogee County, Georgia. Amount of info already available. 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 . AF PGI 5315 Contracting by Negotiation AF PGI 5315.209-90 Solicitation Provisions and Contract Clauses (a) The contracting officer may include language in Section L (or equivalent in a solicitation for the acquisition of a commercial item) substantially the same as the following when a DD Form 254, Contract Security Classification Specification is a requirement at time of award: "The offeror . Whether incorporation by reference is or is not authorized When a program should-cost review is conducted relative to a contractor proposal, a separate audit report on the proposal is required. (4) Patent application serial numbers, or other basis on which the royalty is payable. Increase in Equity Value. Acquisition Streamlining (3) For 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, see 15.403-1(c)(3)(ii). The K values are based on 1968 dollars. Furnish experienced unit or lot costs (or labor hours) from inception of contract to the cutoff date, improvement curves, and any other available production cost history pertaining to the item(s) to which your proposal relates. (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. Contracting officers shall evaluate and negotiate proposed make-or-buy programs as soon as practicable after their receipt and before contract award. (ii) The contracting officers signature on the price negotiation memorandum or other documentation supporting determination of fair and reasonable price documents the contracting officers determination that the statutory price or fee limitations have not been exceeded. -Description of the supply/service The TACPA business participation program requirement must be included in competitive acquisition with an estimated dollar value of $100,000 and over. What is the Primary method of contracting for construction? When is an indefinite delivery contract appropriate? depending upon the estimated dollar value of the acquisition RECOGNIZE THE DUTIES AND FUNCTIONS EXPECTED OF A COR: When performing surveillance on a contract, - ensure government furnished property - verify that required department of labor - conduct site visits, LIST THE FREQUENTLY DELEGATED CONTRACT ADMINISTRATION DUTIES: The COR is authorized to, - provide technical direction that does not change the contract. ".provide maximum practicable opportunities in [Government] acquisitions to small business, veteran-owned small business, HUBZone small business, small disadvantaged business, and women-owned small business concerns. Analyze the certified cost or pricing data and submit the results of your analysis of the prospective sources proposal.When submission of a prospective sources certified cost or pricing data is required as described in this paragraph, it must be included as part of your own certified cost or pricing data. What is the pre-solicitation published time? Begins when legislation is passed or an executive order is issued that requires regulatory implementation . (2) Audit and field pricing information, whether written or reported telephonically or electronically, shall be made a part of the official contract file (see 4.803(a)(19)). (A) The prior price must be a valid basis for comparison. Actual annual usage was 5,500 hours . 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. 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. (iii) Determined that an exception applied after the data were submitted and, therefore, considered not to be certified cost or pricing data. The clauses give the Government the right to a price adjustment for defects in certified cost or pricing data submitted by the contractor, a prospective subcontractor, or an actual subcontractor. . Also show how the costs would be allocated to the units at their various stages of contract completion. depending upon the estimated dollar value of the acquisition Tradeoff, Any competitive negotiated acquisition having a basis for award stating that factors in addition to cost/price will be considered in selecting the successful offeror(s) 1. -Contracting Officer SHALL NOT commence sole source negotiations without a J&A Requirements Contracts What are the dollar thresholds for J&A approval? (1) Contracting officers decision in accordance with the Contract Disputes statute; (2) Board of Contract Appeals decision; or. 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. (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. (a) Purchase supplies and services from responsible sources at fair and reasonable prices. . Wiki User 2017-06-15 17:26:11 C. Other Than Full and Open Competition (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. SUBCHAPTER A--GENERAL (iii) Comparison of costs proposed by the offeror for individual cost elements with-. Military Personnel - 1 year trade-offs made or relied on by the KO, including benefits associated with additional costs. Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? Inventory balance on hand both quantity and dollar value The inventory system must be maintained on a first-in, first-out (FIFO) basis. (3) When required by paragraph (c) of this subsection, submit subcontractor certified cost or pricing data to the Government as part of its own certified cost or pricing data. -Any facts supporting sole-source. Paya Inc., an integrated Payments company, announced on Monday its merger with FinTech Acquisition Corp III, a special purpose acquisition company (SPAC), thus, confirming its listing on NASDAQ. Over $700K - $13.5 Million - Competition Advocate for the procuring activity (not delegable) Affect more than one contract action Who Depending upon the estimated dollar value of the acquisition and agency procedures the decision to award will be made by? (ii) In calculating the interest amount due, the contracting officer shall-. b. Change in ROE of combined firm. (2) The offerors program should include or be supported by the following information: (i) A description of each major item or work effort. (ii) Comparison of the proposed prices to historical prices paid, whether by the Government or other than the Government, for the same or similar items. What are the three types of indefinite delivery contracts? 6.302-1 - Only one responsible source and no other supplies or services will satisfy agency requirements 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. 50% of the cash consideration payable by the Company for the Acquisition will be lent by Sure Victor to China Rongsheng, a subsidiary of Value Link and therefore a subsidiary of the Company upon . (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. The assessor's opinion of value can be found for free on most city or county websites that list property tax and ownership data. (iii) Use the clause 52.215-23 with its Alternate I when the contracting officer determines that the prospective contractor has demonstrated that its functions provide added value to the contracting effort and there are no excessive pass-through charges. Actual annual usage was 5,500 hours . (d) The requirements of this subsection also apply to contracts entered into by an agency on behalf of a foreign government. (i) A firm-fixed-price contract awarded on the basis of adequate price competition; (ii) A fixed-price contract with economic price adjustment awarded on the basis of adequate price competition; (iii) A firm-fixed-price contract for the acquisition of a commercial product or commercial service; (iv) A fixed-price contract with economic price adjustment, for the acquisition of a commercial product or commercial service; (v) A fixed-price incentive contract awarded on the basis of adequate price competition; or. * Identify the proposal, request for price adjustment, or other submission involved, giving the appropriate identifying number (e.g., RFP No.). 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. regardless of the dollar value or approval authority, are reported at the Central Peer Review Site. Enter the net cost of change, which is the cost of work added, less the net cost to be deleted. . . The Economy Act does not apply when placing orders under GWACs. Which type of contract requires a vendor to give their "best effort"? Considering the hierarchy at 15.402, the contracting officer shall insert the provision at 52.215-20, Requirements for Certified Cost or Pricing Data and Data Other Than Certified Cost or Pricing Data, in solicitations if it is reasonably certain that certified cost or pricing data or data other than certified cost or pricing data will be required. Profit consideration should correspond to the managerial and technical effort involved. The range of data from which the K and m values are derived in the primary sources should be observed in order to use them in making cost estimates. Pronouncements in the form of periodic rulings, reviews, or similar actions of a governmental body, or embodied in the laws, are sufficient to set a price. -Foreign Military Sales (if source directed) The Government is also entitled to penalty amounts on certain of these overpayments. Can you accept these tickets? (v) Designation of the plant or division proposed to make each item or perform each work effort, and a statement as to whether the existing or proposed new facility is in or near a labor surplus area. 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). Therefore, the contracting officer should not become preoccupied with any single element and should balance the contract type, cost, and profit or fee negotiated to achieve a total result-a price that is fair and reasonable to both the Government and the contractor. (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. (B) For acquisitions funded by DoD, NASA, or Coast Guard, such modifications of a commercial product are exempt from the requirement for submission of certified cost or pricing data provided the total price of all such modifications under a particular contract action does not exceed the greater of the threshold for obtaining certified cost or pricing data in 15.403-4 or 5 percent of the total price of the contract at the time of contract award.

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