Value of the contract or subcontract is $7.5M or less The contract or subcontract is with a small business Sole source firm fixed price contract requiring submission of cost or pricing data The Economic Price Adjustment clause for a commercial item is based on an index formulated with a contractor’s historical cost data 27.) Which contract clause is inserted in contracts that are subject to full CAS coverage?28.) What is the definition of a Disclosure Statement? [Identify the purpose of a Disclosure Statement][Remediation Accessed: N]
29.) A cost is allowable if it is: [Determine if a cost is allowable][Remediation Accessed: N]According to the terms and conditions of the contract, compliant with CAS/GAAP and certified toConsistent, uniform, and reasonable Reasonable, allocable and compliant with CAS/GAAP Established, disclosed and allocated be accurate, current and complete 30.) A cost is allocable if it: 31.) Which of the following is the best method for determining if a proposed cost is reasonable? [Determine if a cost isreasonable][Remediation Accessed: N]Contingency, any cost within 50% of the IGE is considered reasonable
item 32.) When is it most appropriate to document or model a contractor’s proposal?
- Fall '16