Contracting Test 6 Flashcards Preview

18-001 Test 2 > Contracting Test 6 > Flashcards

Flashcards in Contracting Test 6 Deck (28):
1

What is the best method of price analysis

Other proposed prices

2

Factors of reasonable price

1. Supply and demand
2. General economic Conditions
3. Competition

3

Analyzes prices in their entirety

Price AnalysisAlways required

4

Analyzes prices by reviewing the individual elements of cost (price) & the appropriateness & necessity of each element of cost

Cost AnalysisRequired if TINA applies

5

Independently reviewing cost elements to determine are they realistic for the work to be performed

Cost Realism AnalysisRequired on every cost type contract

6

Price Analysis Methods

1. Comparison of prices received in response to the solicitation (other proposed prices)
2. Comparison of previously proposed prices with current proposed prices for the same or similar items
3. Parametric estimating methods
4. Comparison with competitive published price
5. Comparison with independent Government cost estimates

7

Preferred price analysis technique

Comparison of prices received in response to the solicitation

8

Cost tied to a single cost objective

Direct Cost

9

Cost tied to multiple contracts

Indirect Cost

10

How many price comparison techniques

5

11

When is a rental equivalency calculation required?

When one offeror does not use GPE

12

Generally recognized as ordinary and necessary for the conduct of the business or contract performance

Reasonable cost

13

Adjustments required by law or regulation in order to complete price evaluation

Price Related Factor

14

costs remain constant, even as activity level changes

Fixed Cost

15

Cost go up or down based on activity

Variable Cost

16

 includes a fixed and variable element

Semi-Variable Cost

17

NI/OI*100-100

Difference between indices

18

Cost and Pricing Reference Guide

CPRG - the basis for price analysis

19

An overhead rate is applied against _____.

a related direct cost

20

How is the overhead rate calculated?

Overhead Rate
calculated by Pool/Base

21

Max Profit?

CPFF R&D - 15%

22

An imputed (or hypothetical) measure of the cost of capital related to facilities investment that is calculated using a rate set by the Secretary of the Treasury

Facilities Capital Cost of money

23

How is Facilities Capital Cost of Money Calculated

Factor * Base

24

Two Categories of Indirect Rate

Overhead
General and Accounting

25

Profit is calculated when _____

All other costs have been negotiated

26

Max Profit?

there is no statutory maximum
CPFF R&D: 15% (Fee)
Service: 10%(Fee)
Architect and Eng: 6% (fee)

27

DCAA Proposal Eval Thresholds

100M - Cost
10M - FFP

28

Who is responsible for completing Pre-Award Surveys?

DCMA