What is the weighted guidelines method?
The weighted guidelines define a structure for profit/fee analysis that includes designated ranges for objective values that you may tailor to fit the circumstances of your specific acquisition.
When utilizing weighted guidelines which of the following is the profit factor that addresses the contractor’s degree of risk in fulfilling the contract requirements?
This profit factor addresses the contractor’s degree of risk in fulfilling the contract requirements. The factor consists of two parts: (1) Technical–the technical uncertainties of performance. (ii) To reduce and control costs….
| Normal Value | Designated Range | |
|---|---|---|
| Technology Incentive | 9% | 7% to 11% |
What is far 15 compliance?
FAR Part 15 describes the procedures for competitive and non-competitive open market acquisitions exceeding the Simplified Acquisition Threshold (SAT). Open market is defined as products or services not available from required sources of supply, such as GSA schedule contracts, outlined in FAR Part 8.
When should you use FAR Part 15?
Purpose of Part 15 When contracting in a competitive environment, Part 15 is to be used to minimize the complexity of the solicitation, the evaluation of proposals, and the source selection decision.
Can contractors charge profit on G&A expenses?
This amount (COM) is added to the total cost of the contract after profit has been computed and added. G&A is computed and added to the sub-total of the contract without FCCOM. The contractor is not allowed profit on FCCOM. G&A, is added to the total cost input of the contract.
What is the normal value for a FFP contract with no financing?
The risk is unbounded for firm- fixed-price (FFP) contracts where the guideline range is 4–6 percent. If the contractor receives no contract financing (e.g., progress or performance-based payments) the contract risk margin is increased by 2 percentage points.
Does FAR Part 15 apply to commercial items?
Even though a more rigorous evaluation process is required for high value or non-commercial items, Part 15 still strives to minimize the complexity of the solicitation to the greatest extent possible.
What are the far parts?
(a) General. The FAR is divided into subchapters, parts (each of which covers a separate aspect of acquisition ), subparts, sections, and subsections.
When there is a difference of opinion between the COR and the contractor?
When there is a difference of opinion between the COR and the contractor on a specification within the contract, the COR should direct the contractor to perform in accordance with the COR’s interpretation.
Can contracting officers allow contractors to charge profit on G&A expenses?
What is an acceptable estimating system?
To be considered acceptable, an estimating system must be established, maintained, reliable, and consistently applied. It must also produce verifiable, supportable, and documented cost estimates.