Liquidation of contract financing payments shall be on the same basis as the computation of contract financing payments; that is, financing payments computed on a whole contract basis shall be liquidated on a whole contract basis; and a payment computed on a line item basis shall be liquidated against that line item.
Discuss at least three 3 direct costs and three 3 indirect costs that each company incurred during the production of its navigation system. Attainment of the contract is a very complex process, which each organization must put in place. The contracting officer must— 1 Provide Government financing only to the extent actually needed for prompt and efficient performance, considering the availability of private financing and the probable impact on working capital of the predelivery expenditures and production lead-times associated with the contract, or groups of contracts or orders e.
Specify the government policies regarding profit and pricing adjustments for contracts. Next, provide three to five reasons to support your stance. If liquidation is on a whole contract basis, the contracting officer shall use a uniform liquidation percentage as the liquidation method, unless the contracting officer obtains the concurrence of the cognizant payment office that the proposed liquidation provisions can be executed by that office, or unless agency regulations provide alternative liquidation methods.
Other acceptable forms of security include -- 1 An irrevocable letter of credit from a federally insured financial institution; 2 A bond from a surety, acceptable in accordance with Part 28 note that the bond must guarantee repayment of the unliquidated contract financing ; 3 A guarantee of repayment from a person or corporation of demonstrated liquid net worth, connected by significant ownership to the contractor; or 4 Title to identified contractor assets of adequate worth.
Installment payment financing is payment by the Government to a contractor of a fixed number of equal interim financing payments prior to delivery and acceptance of a contract item. The contracting officer is responsible for including in the contract all the information necessary to implement prompt payment.
To encourage contractors to invest their own funds in performance despite the susceptibility of the contract to termination for the convenience of the Government, the contract financing procedures under this part may be applied to the financing of terminations either in connection with or independently of financing for contract performance see If contract financing is to be computed for the contract as a whole, and if there is more than one appropriation account or subaccount funding payments under the contract, the contracting officer shall include, in the contract, instructions for distribution of financing payments to the respective funds accounts.
When the criteria in A fixed-price contract is achieved when there are competitively high prices in the market. Contracting officers may be flexible in the choice of assets.
For example, a shorter period may be justified by an agency if the nature and extent of contract financing arrangements are integrated with agency contract pricing policies. If acceptable to the contracting officer, the resulting contract shall specify the security see Evaluate the role played by contract auditors.
When appropriate, contract statements of work and pricing arrangements must permit acceptance and payment for discrete portions of the work, as soon as accepted see Meaning after your purchase you will get an original copy of your assignment and you have all the rights to use the paper.
Consequently, agencies shall only use the methods for financing of contractor working capital, not for the expansion of contractor-owned facilities or the acquisition of fixed assets.
For the agency to conduct its legal operations, it had to acquire the necessary materials. In establishing contract financing terms, the contracting officer must be aware of certain risks.
However, an offer stating that the contracting officer-specified contract financing terms will not be used by the offeror does not alter the evaluation of the offer, nor does it render the offer nonresponsive or otherwise unacceptable.
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The main direct cost involves the provision of security. Check with your professor for any additional instructions. Use technology and information resources to research issues in cost and price analysis.
Part of the indirect cost that the agency incurred included the security of all the people and building, as required by the federal government.
You can hire a professional tutor to get the answer. Unusual contract financing shall be authorized only after approval by the head of the agency or as provided for in agency regulations.
The firm fixed method is one of the contracting types used and employed by the government. Specify the government policies regarding profit and pricing adjustments for contracts. After contract award, the contracting officer responsible for approving requests for financing payments shall be responsible for determining that the security continues to be adequate.
Explain the fundamental reasons why both companies were awarded the contract s that you specified.
These standards may be for certain types of procurements, certain types of items, or certain dollar levels of procurements. This contract came into force after the government had passed the law that urged the security department to lease contracts to all privately owned agencies.
The 15, guards employed have to be equipped with the latest machines and materials. However, if a contract will have a large number of deliveries, the administrative costs may increase to the point where installment payments are not in the best interests of the Government.
Write a six to eight page paper in which you: This acceleration does not provide any new rights under the Prompt Payment Act and does not affect the application of the Prompt Payment Act late payment interest provisions.
Evaluate the role played by contract auditors. Refer to scenarios and readings from previous weeks in order to complete this assignment.
Next, provide three to five reasons to support your stance. 5/31/ DOE Policy Regarding the Extension or Competition of the Contracts to Manage and Operate its National Laboratories DOE's policy is, and will continue to be, to follow the statutory and regulatory framework established for all of its national laboratory M&O contracts.
Assignment 5: Federal Contracting Activities and Contract Types. Due Week 10 and worth points WRITE MINUMUM 4 SENTENCES FOR EACH PARAPGRAPH.
Assignment 5: Federal Contracting Activities and Contract Types. Due Week 10 and worth points. Note: Refer to scenarios and readings from previous weeks in order to complete this assignment. The Department of Defense plans to issue a $, government contract to a company that specializes in drone navigation technologies.
Assignment 5: Federal Contracting Activities and Contract Types Note: Refer to scenarios and readings from previous weeks in order to complete this assignment.
The Department of Defense plans to issue a $, government contract to a company that specializes in drone navigation technologies. 29 CFR PartSubpart B - Registration of Farm Labor Contractors and Employees of Farm Labor Contractors Engaged in Farm Labor Contracting Activities.
The Prime Contracts Program serves to strengthen the economy of the Nation by striving to create You are assigned to Federal contracting activities to increase both the dollar value and You will interface with all of the contracting activities assigned to you and establish a written.Assignment 5 federal contracting activities and