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Contract Closeouts
Posted: 07-09-2012 03:34 PM
William Castonguay
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In the area of Contract Closeouts, we are attempting to benchmark our organization against Best Practices and are looking for some feedback on what other organizations are doing;
•Who signs Contract Closing Documents for other organizations? Does the responsibility reside with one (or very few) responsible person(s) or are the various documents completed and signed by persons with either first-hand knowledge and/or having been specifically delegated for such actions (e.g., Release Forms, Patent & Property reports, Other required agency forms) Are there specific roles who own/sign or various process owners, etc.?
•Are organizations moving towards paperless Closeouts including electronic signatures on required documents?
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Contract Closeouts
Posted: 07-09-2012 03:35 PM
William Castonguay
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191 |
In the area of Contract Closeouts, we are attempting to benchmark our organization against Best Practices and are looking for some feedback on what other organizations are doing;
•Who signs Contract Closing Documents for other organizations? Does the responsibility reside with one (or very few) responsible person(s) or are the various documents completed and signed by persons with either first-hand knowledge and/or having been specifically delegated for such actions (e.g., Release Forms, Patent & Property reports, Other required agency forms) Are there specific roles who own/sign or various process owners, etc.?
•Are organizations moving towards paperless Closeouts including electronic signatures on required documents?
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FAR 15.403-4 Threshold Evaluation
Posted: 07-23-2012 02:01 PM
Tawny Kern
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Is a DoD prime contractor obligated to consider the combined value of all purchase orders issued to a prospective subcontractor in determining whether the threshold for obtaining the necessary cost or pricing data & sufficient documentation from its subcontractors under FAR 15.403-4? FAR 15.408, table 15-2 states that the offerer is required to obtain cost or pricing data from its prospective sources for those acquisitions exceeding the threshold set forth in FAR 15.403-4 & not otherwise exempt but does not address whether purchased parts under separate purchase orders need be combined in evaluating the threshold. Alternately, can individual purchased parts on multiple purchase orders to the same vendor on the same procurement be subject to a separate threshold for each purchase order? Or must all purchases (multiple purchase orders) to the same vendor be added together in the determination of whether the Prime must obtain and submit cost or pricing data from that vendor on the subject procurement. Scenario---The prime contractor proposes to purchase direct material parts (under a separate purchase order for each part) from the same vendor/subcontractor. The contractor's position is they are not obligated to combine the dollar value of the individual purchased parts under multiple purchase orders in evaluating whether the threshold for providing cost and/or pricing data is met for that vendor. The prime contractor indicates they do this because there may be revisions to individual part specifications by the procurement command. The current threshold is $700k.
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FAR 15.403-4 Threshold Evaluation
Posted: 07-23-2012 02:03 PM
Tawny Kern
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Is a DoD prime contractor obligated to consider the combined value of all purchase orders issued to a prospective subcontractor in determining whether the threshold for obtaining the necessary cost or pricing data & sufficient documentation from its subcontractors under FAR 15.403-4? FAR 15.408, table 15-2 states that the offerer is required to obtain cost or pricing data from its prospective sources for those acquisitions exceeding the threshold set forth in FAR 15.403-4 & not otherwise exempt but does not address whether purchased parts under separate purchase orders need be combined in evaluating the threshold. Alternately, can individual purchased parts on multiple purchase orders to the same vendor on the same procurement be subject to a separate threshold for each purchase order? Or must all purchases (multiple purchase orders) to the same vendor be added together in the determination of whether the Prime must obtain and submit cost or pricing data from that vendor on the subject procurement. Scenario---The prime contractor proposes to purchase direct material parts (under a separate purchase order for each part) from the same vendor/subcontractor. The contractor's position is they are not obligated to combine the dollar value of the individual purchased parts under multiple purchase orders in evaluating whether the threshold for providing cost and/or pricing data is met for that vendor. The prime contractor indicates they do this because there may be revisions to individual part specifications by the procurement command. The current threshold is $700k.
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Displaying 1 to 4 of 4 records
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