For which one of the following contract types or items can progress payments be

For which one of the following contract types or

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9) For which one of the following contract types or items can progress payments be authorized? 10) You are reviewing a Progress Payment Request on a $2,500,000 contract with a 90% progress payment rate. The payment request is for the Total Cost Incurred to Date of $2,000,000 and the Total Estimated Additional Cost to Complete of $1,000,000. The Loss Ratio Factor is 83.3%. Currently, what is the maximum total progress payment amount that you can authorize? [Calculate the appropriate contract financing payment amount for performance- based payments and progress payments.] [Remediation Accessed :N] $1,499,400 $1,606,500 $1,874,250 $2,812,500 11) The Wanabee Big Corp., a small, high-tech defense contractor, possesses technical abilities considered essential to the Department of Defense. Wanabee manufactures several key, military-unique components for the critical F-29 fighter jet. Unfortunately, the company’s financial condition is weak. The chief executive officer (CEO) recently contacted the government procuring contracting officer (PCO) and requested advance payments on a just-signed $18 million contract. The PCO has determined that Wanabee meets all the statutory requirements and standards. What action should the PCO now take? [Identify the Page 3 of 4 DAU 10/4/2017
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conditions for using loan guarantees, advance payments, and interim vouchers.] [Remediation Accessed :N] Recommend that the agency authorize non-commercial advance payments since Wanabee’s technical ability is considered essential to the agency. Provide commercial advance payments, but continue to closely monitor the contractor’s performance and financial condition to reduce the government’s financial risk. Inform Wanabee that the risk associated with their weak financial condition automatically makes them ineligible for any type of financing. Instruct Wanabee to initiate paperwork to get a loan guarantee through the Federal Reserve Bank instead of advance payments. Back to Status page Page 4 of 4 DAU 10/4/2017
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