The duration of a contract refers to its duration. To calculate the term, we need to know at least one date, usually the start date. The start date is usually referred to as the effective date. A fixed-price contract with economic price adjustment will only be invoked if the customer determines that it is necessary either to protect the Contractor and the Government from significant fluctuations in labour or material costs, or to provide for an adjustment to contract prices in the event of a change in the prices set by the Contractor. i) See 7.107-6 for the use of section 52.207-6, Solicitation of Small Business Bids and Small Business Association Agreements or Joint Ventures (Multi-Award Contracts) in Connection with Calls for Multiple Award Contracts Exceeding the Agency`s Significant Consolidation Threshold. A fixed-price contract with a planned price revaluation may be used for the purchase of volume production or services for which it is possible to negotiate a fair and reasonable fixed price for an initial period, but not for subsequent performance periods. For various reasons, the effective date and end date can be complicated. These problems are not necessarily the product of an ambiguous contractual conception. In fact, all of these topics (relative data, calculated end dates, optional renewals, automatic renewals, and evergreen contracts) can be formulated accurately. 4. Contract agents shall carefully examine all justifications for the contractor`s protected data and delete all such data, as well as references and quotations necessary for the protection of protected data, before making the justifications available to the public.
Contract agents are also guided by the exceptions to information disclosure under the Freedom of Information Act (5 U.S.C.552) and the disclosure prohibitions in 24.202 to determine whether further data should be deleted. Although the communication-making notification procedure set out in Presidential Decree 12600 “Procedures for Prior Notification of Disclosure of Confidential Business Information” does not apply, the contractor that submitted the information should give the contractor that submitted the information the opportunity to review the justification for the protected data before providing the justification for the public inspection – redacted if necessary. This procedure shall not prevent or delay the publication of the explanatory memorandum within the time limits required by paragraph (b) (2) (ii) (D) (1) and (3) of this Section. (b) The use of refund contracts for the purchase of commercial goods is prohibited (see parts 2 and 12). This Agreement shall expire for four (4) years from the date of entry into force. (2) Amount of the surtax. The amount of additional fees collected shall be proportional to the contractor`s total cost, schedule and technical performance, as measured by the contract requirements in accordance with the criteria specified in the additional cost plan. Award fees will not be earned if the contractor`s total cost, schedule and technical performance are not satisfactory overall.
The basis for any setting of additional fees shall be documented in the procurement documents in order to include at least one finding that the total cost, schedule and overall technical performance are or are not at a satisfactory level. This provision and the method of determining the surtax are unilateral decisions made at the sole discretion of the government. (7) Orders under supply contracts of indefinite duration must contain the following information: A contract of a certain duration has only one start date and one end date. There is no possibility to extend or extend the contract. Even if the contract contains survival precautions or contingencies, it is still final for the purposes of contract management. 1. For proposed contracts which exceed the simplified entry threshold but do not exceed USD 750 000, the contract agent`s certificate attesting that the justification is correct and complete to the best of his knowledge and conviction shall serve as an authorisation, unless a higher level of approval is determined in accordance with the administrative procedures. (1) The Contractor shall include clause 52.216-7, Eligible Costs and Payment, in applications and contracts when considering a cost reimbursement contract or a time and material contract (other than a contract for a commercial object).
If the contract is a time and material contract, the clause under 52.216-7 in conjunction with the clause under 52.232-7 applies, but only to the part of the contract that provides for the reimbursement of materials (as defined in clause under 52.232-7) at actual cost. In addition, clause 52.216-7 does not apply to hourly employment contracts. 16,205 fixed-price contracts with planned price realignment. (A) it is the consistent practice of the transferring organization to assess inter-organizational transfers to non-commercial work of the contractor or of a commonly controlled department, subsidiary or affiliate of the contractor; and (a) fixed-price contracts shall provide for a fixed price or, where appropriate, an adjustable price. Fixed-price contracts that provide for an adjustable price may include a maximum price, a target price (including target costs), or both. Unless otherwise specified in the contract, the maximum price or target price is subject only to the application of contractual clauses that provide for a reasonable adjustment or other change in the contract price in the circumstances indicated. The agent shall use a fixed price or a fixed price with economic price adjustment contracts for the acquisition of commercial goods, except in the cases provided for in Article 12.207(b). (a) When determining the basic level from which the adjustment is to be made, the contracting authority shall ensure that compensation for costs is not duplicated by including it both in the basic price and in the adjustment requested by the contractor in accordance with the economic price adjustment clause.
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