CON 091Module 3 Instructor Slides.pptx - Module 3 CON 091...

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Module 3CON 091: Contract Fundamentals
Atlantic Management Center, Inc.Module 3 ScheduleDay 7Day 8Contract TypesMorning: Exam # 2Selecting a Contract TypeBegin Module 4SubcontractingSimplified Acquisition Procedures2
Atlantic Management Center, Inc.Learning ObjectivesTLO: Differentiate between the types of contracts, and apply the policies and procedures for use in DoD acquisitions.Compare the words and terms used to describe a pricing arrangement and the words and terms used to describe a delivery/quantity arrangement.Indicate the policies for selecting a contract type.Recognize the properties of various cost and pricing arrangements.Given a DoD acquisition scenario, choose which contract types may be used.Provide a citation to the part, subpart, subsection, or paragraph level in the FAR/DFARS/DFARS PGI/CDs to support a position.3
Atlantic Management Center, Inc.Learning ObjectivesTLO: Given a DoD acquisition scenario, determine the applicability of the policies and procedures for small business subcontracting.Apply the rules for small business set-asides.Determine the applicability of a given solicitation provision or contract clause.Provide a citation to the part, subpart, subsection, or paragraph level in the FAR/DFARS/DFARS PGI/CDs to support a position.TLO: Apply the policies and procedures for using simplified acquisition procedures.Recognize the policies for the use of simplified acquisition procedures.Given a DoD acquisition scenario, select the most appropriate simplified acquisition method to be used.4
MODULE 3 Contract Types
Atlantic Management Center, Inc.OverviewThere is a wide selection of contract types available for use in Government acquisitions to provide needed flexibility These contract types vary by:Degree and timing of the contractor’s responsibility for the costs of performance; andAmount and nature of profit incentive offered to the contractor for achieving or exceeding specified standards or goals[FAR 16.101(a)]6
7TermsPricing ArrangementsDelivery/Quantity ArrangementsTypes of Agreements (NOT Contracts)Firm-Fixed-PriceIDIQBPACost-Plus-Fixed-FeeRequirementsBOAT&MDefinite-QuantityBasic Agreement
Atlantic Management Center, Inc.Broad Categories of Contract TypesKtr has full responsibility for performance costs and resulting profit/loss8Contract types are grouped into two broad categories:Fixed-Price; andCost-ReimbursementFirm-Fixed-PriceCost-Plus-Fixed-FeeKtr has minimal responsibility for performance costs and negotiated fee is fixed [FAR 16.101(b)]
Atlantic Management Center, Inc.Fixed-Priced Contract TypesFirm-Fixed-Price (FFP)Fixed-Price with Economic Price Adjustment (FP/EPA)Fixed-Price Incentive (FPI)Fixed-Price with Prospective Price RedeterminationFixed-Ceiling-Price with Retroactive Price RedeterminationFirm-Fixed-Price, Level-of-Effort Term (FFP/LOE)[FAR subpart 16.2]9
Atlantic Management Center, Inc.

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