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Which 10 USC is the statutory authority for requiring certified cost or pricing data?
10 U.S.C. 2306(a)
What situations are considered exempt from the submission of Certified Cost or Pricing Data?
sole source acquisition of $35 million FFP effort; price determined using cost analysis.
What clause in the FAR provides a remedy to the government in the event the contractor submits defective certified cost or pricing data on this modification?
FAR 15.408 (c) states, "The contracting officer shall, when contracting by negotiation, insert the clause at 52.215-11, Price Reduction for Defective Certified Cost or Pricing Data -- Modifications, in solicitations and contracts when it is contemplated that certified cost or pricing data will be required from the contractor or any subcontractor (see 15.403-4) for the pricing of contract modifications, and the clause prescribed in paragraph (b) of this section has not been included."
What is certified cost or pricing data subsequently found to have been inaccurate incomplete or noncurrent known as?
Certified cost or pricing data subsequently found to be inaccurate, incomplete, or noncurrent is known as defective pricing. It refers to a situation where the data provided during the pricing process was misleading or incorrect. Defective pricing can lead to financial penalties and potential legal consequences for the party responsible for providing the inaccurate information.
When the Contracting Officer has relied on certified cost or pricing data in the price determination statements is true?
When a Contracting Officer relies on certified cost or pricing data for price determination, it signifies that the data provided by the contractor is accurate, complete, and current, which forms the basis for establishing fair and reasonable prices. If the data is later found to be inaccurate or incomplete, the government may have grounds for a price adjustment or even a claim for breach of contract. This reliance underscores the importance of transparency and accuracy in the contractor's submission of cost data. Ultimately, it helps ensure accountability in the procurement process.
Can a 1991 mercury capri with an automatic transmission be flat towed?
NO It will require special modification to do this. See your nearest Motor Home Dealer for advice and pricing.
What is Certified Cost or Pricing Data subsequently found to have been inaccurate incomplete or non current known as?
Certified Cost or Pricing Data that is later found to be inaccurate, incomplete, or non-current is known as "defective pricing." This issue can lead to the government seeking adjustments to contract prices or even pursuing claims for overpayments made based on the flawed data. Contractors are typically required to provide accurate and up-to-date cost or pricing information to avoid such consequences.
When the Contracting Officer has relied on certified cost or pricing data in the price determination which of the following statements is true?
price negotiation
When an offeror is required to provide certified cost or pricing data should be used to verify that the overall price offered is fair and reasonable.?
price analysis
What is a bilateral modification is used to?
A bilateral modification is a mutual agreement between two parties that alters the terms of an existing contract. It is often used to accommodate changes in circumstances, such as adjustments in pricing, delivery schedules, or scope of work. Both parties must consent to the modification, ensuring that the new terms are acceptable to everyone involved. This process helps maintain the contract's relevance and effectiveness in light of changing conditions.
What is a modification order?
A modification order is a formal request to change specific terms or conditions of an existing contract or agreement. This can include adjustments to pricing, delivery schedules, scope of work, or other contractual elements. Modification orders are commonly used in construction, procurement, and project management to ensure that all parties agree to the changes and that the updated terms are documented. They help maintain clarity and prevent disputes by providing a clear record of the agreed modifications.
How much does certified nursing assistant classes cost on average?
You should be able to get into this program for less than $1000. I have found pricing anywhere from about $700 on up to over $1000.
