Acq Notes

A fixed-price incentive (successive target) contract (FAR 16.403-2) is an incentive type contract that operates in the same way as a Fixed Price Incentive (firm target) contract except that one or more revisions in the target cost and target profit may be made during performance. At the beginning, the contracting officer shall specify in the

Determinations and Findings (D&F) (FAR Subpart 1.7) is a special form of written approval by an authorized official that is required by statute or regulation as a prerequisite to taking certain contract actions. The “determination” is a conclusion or decision supported by the “findings.’’ The findings are statements of fact or rationale essential to support

  Defense Grant and Agreement Regulatory System (DGARS) is a system of policies and procedures to guide DoD for utilizing grants and cooperative agreements. It governs the award of grants and other non-procurement transactions.   AcqLinks and References DoD Directive 3210.06 “Defense Grant and Agreement Regulatory System (DGARS)” – 6 Feb 2014 Updated: 7/17/2017  

A Fixed-Price Incentive (Firm Target) (FAR 16.403-1) contract specifies a target cost, a target profit, a price ceiling (but not a profit ceiling or floor), and a profit adjustment formula. These elements are all negotiated at the outset. The price ceiling is the maximum that may be paid to the contractor, except for any adjustment

The Integrated Program Management Report (IPMR) is a contractually required report, prepared by the contractor, containing performance information derived from the contractor’s internal Earned Value Management System (EVMS). It provides the status of progress on the contract. [1] The IPMR DID takes a major step towards improving the integration of cost and schedule reporting by

Simplified Acquisition Procedures (SAP) (FAR Part 13 / DFARS Part 213) are designed for the purchase of relatively simple supply or service requirements. It is a contracting method that seeks to reduce the amount of work the government must undertake to evaluate an offer. SAP is supposed to be used to the maximum extent practicable

Business Clearance is the formal approval from leadership to execute a contract after negotiations have been finalized. It’s accomplished by a contracting officer that develops a draft and final Price-Negotiation Memorandum (PNM) or Price-Competitive Memorandum (PCM) to be submitted for approval. Definition: Business Clearance is the formal authorization from leadership to execute a contract following the