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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.
Can cost reimbursement contracts be awarded in sealed bids?
Cost reimbursement contracts are typically not awarded through sealed bids, as they involve the reimbursement of allowable costs rather than a fixed price. Sealed bidding is generally used for fixed-price contracts where the bid amount is known and can be compared directly. Instead, cost reimbursement contracts are usually awarded through a negotiation process, allowing for a detailed evaluation of the proposed costs and the contractor's ability to manage those costs effectively.
Which business criterion is described as fixed price cost reimbursement or other ordering vehicle?
The business criterion described as fixed price cost reimbursement or other ordering vehicle refers to "contract type." In procurement and contracting, a fixed-price contract establishes a set price for specific services or products, providing cost certainty for the buyer. Cost reimbursement contracts allow for the reimbursement of incurred costs, typically with an added fee, offering flexibility for projects where costs are uncertain. Other ordering vehicles can include various contract types and agreements tailored to specific project needs.
Contracting procurements would you most likely require cost or pricing data?
In contracting procurements, cost or pricing data is most likely required for competitive bids, especially when evaluating proposals for contracts exceeding the simplified acquisition threshold. This data helps ensure that the prices are fair and reasonable, allowing for informed decision-making. Additionally, when contracts involve significant cost-sharing or cost-reimbursement arrangements, detailed cost data becomes essential for accurate budgeting and oversight.
Which contract type or items can progress payments be authorized?
Progress payments can be authorized for various contract types, including fixed-price contracts, cost-reimbursement contracts, and certain time-and-materials contracts. Typically, they are applicable to construction contracts and large procurement projects where costs are incurred over time. These payments are based on the completion of specific milestones, deliverables, or percentages of work completed, ensuring that contractors receive funding as they progress through the project.
What contract puts the full performance risk on the contractor?
Cost Reimbursement.
how much will it cost me to apply for a grant.is this a gov websight.?
how much will it cost me to get a federal grant
What is cost-shifting?
Cost shifting is the process of moved between products and/or payers, to maximize possible reimbursement.
What is the gov reimbursement for gas?
Most companies will reimburse employees for their gas and mileage if traveling for work. The IRS reimburses gas as well at 56 cents per mile in 2014.
What contract type does not use Public Vouchers for billing purposes?
Cost reimbursement
What year did cost plus contracts begin?
1999
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
