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Had you ever speculated on why April Fools’ Day seems to be such an important day for federal acquisition? After all, consider some of the regulatory and policy issuances on that day: The Federal Acquisition Regulation (FAR) became effective on April Fools’ Day (1984). The Federal Aviation Administration became exempt from the FAR on April Fools’ Day (1996). The Office of Federal Procurement Policy (OFPP) memorandum on “Protests, Claims, and Alternative Dispute Resolution (ADR) as Factors in Past Performance and Source Selection Decisions” was issued on Ap
Are FP w/ incentive and FP w/ award fee type contracts allowable under FAR Part 12? FAR Part 12.207 states that FFP, FFP with EPA contracts and time and materials contracts are allowable. However, FAR 12.207(c )(3)d states "The contract types authorized by this subpart may be used in conjunction with an award fee and performance or delivery incentives when the award fee or incentive is based solely on factors other than cost (see 16.202-1 and 16.203-1)." Does this mean that FP with incentive and FP award fee type contracts are also allowable under FAR part 12? What exactly does this me
Is there a requirement that if a Prime is awarded an FFP contract and the Prime has a Sub performing some of the work, that the type of SubK issued must mirror the Prime's contract? If not, what might be some of the advantages and disadvantages of issuing a Cost Reimbursement type SubK and is the Prime allowed to cap the number of hours the Sub may invoice the Prime for?
I am searching for good learning resources for Contract Types, specifically Cost Plus Award Fee (CPAF). I have seen non-DOD solicitations on FedBizOpps that state in Section B that the Offerors are to propose a base fee percentage and an award fee percentage for each and every CLIN, and there appear to be like 20 CLINs listed (Note, I know that DOD now prohibits base fee). I thought that in CPAF contracts the award fee meant a single award fee, but now I am wondering does it mean there are like 20 award fees that need to be calculated? I would really like to find something that is a mathema