Sole Source
The dollar threshold that requires a contractor to submit certified cost and pricing data (CCPD) when no exceptions at FAR 15.403-1(b) apply.
What is 2 Million?
CPET must verify the offeror provide a complete one of these with the information required in the RFP.
What is a BOM (Bill of Material)?
This is an (extended time) agreement entered into between a prime contractor and a subcontractor.
What is a Long Term Agreement (LTA)?
The type of proposal submitted by the subcontractor to the prime contractor when the subcontractor has data they consider proprietary/sensitive.
What is a sanitized proposal?
This is the format a contractor’s proposed CBOM should be submitted in.
What is Excel?
This type of analysis should be conducted by the prime on all subcontractor proposals.
What is Price Analysis?
Cost Type CLINS are usually tied to this.
What is Cost Realism?
This SHALL be performed on commercial products/commercial services.
What is Price Reasonableness
The CPET would draft this if they determined the Material unit prices are not supported enough to determine them realistic.
What is an EN?
This provides the Governments objective and recommended position on material types and quantities.
What is the technical evaluation?
This is a material basis of estimate that uses previous prices paid as the basis for current material pricing.
What is purchase order history?
If the RFP included this, the CPET’s review would be limited to verifying the offeror proposed the RFP provided amount.
What is a Material Plug Amount?
This is when Certified Cost or Pricing Data cannot be required from the contractor.
What is commerciality proven and accepted?
Evaluate this in the offeror’s proposal FIRST before comparing proposed costs to some other baseline/data point to determine their realism- historical costs, etc.
What is the Basis of Estimate (BOE)?
The process of independently reviewing and evaluating specific elements of each offeror’s proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed.
What is Cost Realism?
This is the agency who performs subcontract analyses when the prime is denied access to a subcontractor’s cost data.
Who is the Defense Contract Management Agency (DCMA)?
These are incorporated based on the results of the Technical Team evaluation.
What are Direct Material Types and Quantities?
This is a product, other than real property, that is of a type customarily used by the general public or by non- governmental entities for purposes other than Governmental purposes, and Has been sold, leased, or licensed to the general public.
What is a Commercial Product?
This is the name of a subcontractor who is a subcontractor to the prime’s subcontractor.
Who is a second-tier subcontractor?
This is what is it called when a contractor proposes material supplied by one of its subsidiaries or sister companies.
What is an interorganizational work transfer (IWT) or interorganizational transfer (IOT)?
The type of analysis a prime contractor should complete on its subcontractor when it’s subcontractor is a sole source non-commercial supplier valued at $5 million.
What is cost analysis?
The CPET is selecting this when selecting all material line items/costs that comprise the top X percent of the proposed material costs on the cost-reimbursement CLINs.
What is a sample?
This Far Reference implements the statutory preference for the acquisition of commercial products and commercial services with streamlined procedures to procure it
What is FAR Part 12?
This is an arrangement by the prime to procure the same part from more than one supplier in order to cover the required material quantities.
What is a split buy?
This type of contract may include a more inclusive review of material due to the risk of excess profits for the contractor if material is overestimated.
What is a fixed type contract?