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The FAR and Federal Contracts. This section includes questions and answers addressing the relationship between the FAR and a federal contract; whether FAR amendments apply to pre-existing contracts; and what happens if a contract clause which is required by the FAR is not included in a particular contract.
James F. Nagle, in his History of Government Contracting, describes how Robert Morris made contract awards to the lowest-priced qualified responsible bidder in contracting for the U.S. Army during the Revolutionary War.
1 paź 2024 · GOVERNMENT CONTRACTS:information on signing and operating under the contracts, typical clauses and forms, cost-plus-fixed-fee, payments, inspection, and settlement of disputes. There are several appendices that include the First War Powers Act of 1941, relevant executive orders, and other laws like the Emergency Price Control Act Fair Labor ...
Most contract types fall into two general categories: fixed-price contracts and cost-reimbursement contracts. Fixed-price contracts place full responsibility on the contractor for performance costs and resulting profit (or loss).
Fair and reasonable price determinations are used for evaluating quotations, bids, and proposals for the source selection decision. They are also used during sole-source negotiations. The policy of the U.S. Government is to contract for supplies and services at fair and reasonable prices.
Definition. Price analysis is the process of examining and evaluating a proposed price without evaluating its separate cost elements or the proposed profit. General Information. FAR 15.404-1 (a) (1) requires the contracting officer determine that the price to be paid is fair and reasonable.
29 mar 2023 · Government contracts are different. The Government buys many products and services for which a commercial marketplace does not exist. Without adequate price competition, the Government requires cost and pricing data to determine whether a seller’s price is fair and reasonable.
