WebMar 16, 2024 · (3) Cost realism analyses may also be used on competitive fixed-price incentive contracts or, in exceptional cases, on other competitive fixed-price-type contracts when new requirements may not be fully understood by competing offerors, there are quality concerns, or past experience indicates that contractors’ proposed costs have resulted in ... WebApr 8, 2024 · (1) Certified cost or pricing data, if required, in accordance with subsection 15.403-4 of the Federal Acquisition Regulation (FAR); and (2) Data other than certified cost or pricing data, in accordance with subsection 215.403-5 of the FAR, including actual cost data and data to support any estimated costs, even if certified cost or pricing ...
52.216-8 Fee Withholding Question - The Wifcon Forums and Blogs
WebMar 16, 2024 · The contracting officer shall not require certified cost or pricing data to support any action (contracts, subcontracts, or modifications) (but may require data other than certified cost or pricing data as defined in FAR 2.101 to support a determination of a fair and reasonable price or cost realism)— WebFeb 19, 2024 · An exception at FAR 12.207(b) provides for using a time-and-materials or labor-hour contract type, but no exception exists for a cost-reimbursement type. This is where it gets tricky. Does including just one cost-reimbursement line item (let’s say, for reimbursement of contractor travel costs) create a conflict with the guidance at FAR … first part of thirty years war
FAR Cost Principles Guide - Defense Contract Audit …
WebDec 9, 2024 · A Firm-Fixed-Price (FFP) (FAR Subpart 16.2) contract provides for a price that is not subject to any adjustment on the basis of the contractor’s cost experience in … WebContract types fall into two general categories: fixed-price contracts and cost-reimbursement contracts. Fixed-price contract types provide for a firm price, or in some … WebJan 11, 2016 · In the June 2011 version it states "Payment of the fixed fee shall be made as specified in the Schedule; provided that the Contracting Officer withholds a reserve not to exceed 15 percent of the total fixed fee or $100,000, whichever is less, to protect the Government’s interest."To me, it would appear to mean that the CO is obligated to … first part of the small intestine in frogs