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What contract puts the full performance risk on the contractor?
Cost Reimbursement.
What contract type does not use Public Vouchers for billing purposes?
Cost reimbursement
What is the cost plus fixed fee contract?
A type of cost reimbursement contract that assigns minimal responsibility for costs and for which a fixed fee is negotiated. The fee provides an incentive for a subcontractor to contract for efforts that might otherwise pose too great a risk to it to assume.
What are characteristics of a simple contract?
list the characteristics of a simple contract
What are cost-reimbursement contracts?
In cost-reimbursement contracts, builders were paid for justifiable costs incurred during the project, while fixed-price contracts required builders to absorb any cost overruns themselves.
What is cost-shifting?
Cost shifting is the process of moved between products and/or payers, to maximize possible reimbursement.
Describe the contract type of Cost Plus Incentive Fee (CPIF)?
A Cost Plus Incentive Fee (CPIF) contract is a type of cost-reimbursement contract where the contractor is reimbursed for allowable costs incurred during the project, along with an additional fee that is based on the contractor's performance. The incentive fee is typically structured to encourage cost savings and efficiency, meaning the contractor may receive a higher fee if they complete the project under budget or meet specific performance targets. This contract type aligns the interests of both the contractor and the client, promoting collaboration while controlling costs. However, it also requires careful monitoring to prevent cost overruns.
One of the following situations would an offeror typically submit detailed cost or pricing data?
An offeror typically submits detailed cost or pricing data when responding to a government solicitation that requires a proposal exceeding a certain threshold, often specified by the Federal Acquisition Regulation (FAR). This requirement arises to ensure that the government can assess the reasonableness of the proposed costs and ensure compliance with regulations. Additionally, detailed data may be necessary for contract negotiations, particularly when the pricing structure is complex or when the contract type is a cost-reimbursement contract.
Can you get another phone for less if you have a contract?
Yes because is if you buy a contract it is going to cost more. And if you don't have a contract it will cost more.
What is an example of a problem that can arise in a cost plus contract?
A contractor may even try to double-count a cost item by including it as a direct cost of the contract and as a part of an indirect cost pool allocated to the contract.
What are the major activities of the Finance Administration Section?
The Incident Command System (ICS) is a tool used to improve emergency response. The major activities of the Finance and Administration section are contract negotiation and monitoring, timekeeping, cost analysis, compensation for damage to property or injury, and documentation for reimbursement.
What is the national average for gas mileage reimbursement in 2007?
Although cost of gas varies constantly the feds are now allowing 45 cents per mile for deductions & is a standard reimbursement. Doctor Jon
