...52.204-10 Reporting Executive Compensation and First-Tier Subcontract Awards. As prescribed in 4.1403(a), insert the following clause: Reporting Executive Compensation and First-Tier Subcontract Awards (Jul 2010) (a) Definitions. As used in this clause: “Executive” means officers, managing partners, or any other employees in management positions. “First-tier subcontract” means a subcontract awarded directly by a Contractor to furnish supplies or services (including construction) for performance of a prime contract, but excludes supplier agreements with vendors, such as long-term arrangements for materials or supplies that would normally be applied to a Contractor’s general and administrative expenses or indirect cost. “Total compensation” means the cash and noncash dollar value earned by the executive during the Contractor’s preceding fiscal year and includes the following (for more information see 17 CFR 229.402(c)(2)): (1) Salary and bonus. (2) Awards of stock, stock options, and stock appreciation rights. Use the dollar amount recognized for financial statement reporting purposes with respect to the fiscal year in accordance with the Statement of Financial Accounting Standards No. 123 (Revised 2004) (FAS 123R), Shared Based Payments. (3) Earnings for services under non-equity incentive plans. This does not include group life, health, hospitalization or medical reimbursement plans that do not discriminate in favor of executives, and are available...
Words: 1841 - Pages: 8
...Federal Contracting Activities and Contract Types Strayer University, BUS-315 Cost and Price Analysis Professor Mark O’Connell May 25, 2012 For my research paper, I selected a top 100 federal contractor company from the Washington Technology list. In it I will address the history and background of the company, identify a recently awarded contract, describe the type of contract that was awarded along with explain why that particular type of contract was chosen over others. In addition, I will identify and discuss three (3) indirect costs that the contractor incurred. The company I chose to wrote about is listed number 37 on the Washington Technology list, happens to be my employer, VSE Corporation, headquartered in Alexandria, VA. VSE is Federal Services Company known for solving issues of global significance with agility, integrity and value. VSE marked its 50th year as a government contractor in January 2009 and is dedicated to making our clients successful by delivering talented people and innovative solutions for program management, logistics, engineering, IT services, construction program management and consulting. VSE Corporation was established in 1959 with a mission to provide engineering, and technical support services to reduce the cost, plus improve the reliability of DoD systems and equipment. VSE has five wholly-owned subsidiaries: Energetic Incorporated, Integrated Concepts and Research Corporation (ICRC), G&B Solutions, Inc., Akimeka LLC,...
Words: 1829 - Pages: 8
...distinguished from forecasted costs. Actual costs include standard costs properly adjusted for applicable variances. Allocate means to assign an item of cost, or a group of items of cost, to one or more cost objectives. This term includes both direct assignment of cost and the reassignment of a share from an indirect cost pool. Allowable means a contract cost is allowable as long as it meets five tests of allowability: reasonableness; allocability; standards promulgated by the CAS Board, if applicable; otherwise, generally accepted accounting principles and practices appropriate to the circumstances; terms of the contract; and any limitations set forth in FAR Part 31. Affected CAS-covered contract or subcontract means a contract or subcontract subject to Cost Accounting Standards (CAS) rules and regulations for which a contractor or subcontractor-- (1) Used one cost accounting practice to estimate costs and a changed cost accounting practice to accumulate and report costs under the contract or subcontract; or (2) Used a noncompliant practice for purposes of estimating or accumulating and reporting costs under the contract or subcontract. Agency head or head of the agency means the Secretary, Attorney General, Administrator, Governor, Chairperson, or other chief official of an executive agency, unless otherwise indicated, including...
Words: 4249 - Pages: 17
...later than Thursday, December 31, 2015. This home is being constructed to take advantage of the latest building materials and codes and will employ emerging technology to minimize energy consumption. Construction will be overseen and managed by Apex Home Builders, the prime contractor who may subcontract components of the construction effort. All labor will be bonded and all materials will meet or exceed local building code guidelines. SECTION I. PROJECT PURPOSE The home project is being undertaken to establish a new primary residence for Mr. and Mrs. Smith and family. The new residence is scheduled for completion in December so that the Smith family may move in during the first two weeks of 2016. Mr. Smith will be taking responsibility for his company’s North American operations in 2016 and is relocating from Europe to do so. Mr. Smith and family will be traveling and relocating during December of 2015 and will move directly from their current home to the newly completed residence. The home must be completed by December 31, 2015, so that the Smith’s can establish residence in the community with the appropriate lead time Work Breakdown Structures: The Foundation for Project Management Excellence E. S. Norman, S.A. Brotherton, R.T. Fried Copyright © 2008 John Wiley & Sons, Inc. ISBN: 978-0-470-17712-9 179 180 PROJECT SCOPE STATEMENT EXAMPLE to enable their children to be enrolled in the school system to begin the 2016 school year along with their class...
Words: 1561 - Pages: 7
...Cost Codes | |Set up cost codes in Job Cost. | Workflow Overview The diagram below identifies the typical process for this task. For the most current and detailed information, refer to Help. Note: If you use the Project Management application with Job Cost, your workflow will differ from the one outlined here. See the Help topics on Change Management in Project Management and Job Cost for direction. |Enter Estimates | |Record the estimate (budget or quote) for the job so costs can be tracked against it. | |( | | | |Enter Contract Amount | |Enter the contract amount or scheduled values through the miscellaneous worksheets. If| | | |you use Contracts, this step must be done in the Contracts application. | |( | | | |Enter Contract Change Orders | |Record changes and apply to estimate and contract amounts. | |(...
Words: 3620 - Pages: 15
...as well. I will explain in detail the method following outsourcing and the company following outsourcing. When establishing whether a company is supposed to, they contemplate many elements and one may be nothing, but the cost cutback. This also has an effect on estimate timelines, project timelines are decreased and the labor cost is cheaper. Many companies that decides to outsource their business because the pay rate is considerably lesser in the region where they would contract out their job. Another deciding element is in the assessment to subcontract the company, they do not have to employ consultant or experts who experiment in compound methods, and they are employed part-time to achieve specific parts of the project. When outsourcing a company does not have to employ stable workers for the duration of the project which in turn saves the company’s money because they do not have to concern about that stable cost to employees’. Some elements may persuade a manager not to subcontract a piece of...
Words: 1432 - Pages: 6
...The University of Dissension: 1 The University of Dissension Zaw K Oo Columbia College The University of Dissension: 2 Obstruct Labor unions can help their members by negotiating collectively for wages and benefits that are often better than individuals could negotiate on their own. A worker would have little chance of success in going to an employer as asking for a pay raise simply because he couldn’t make ends meet. He would likely be fired on the spot, especially in the 19th century, for making such a demand and cutting into the employer’s profits. Unions, however, can make the same requests and have the benefit of representing the entire workforce, with a greater chance of success. There are times when wages need to be raised to be equitable, but the power of the unions is that they can sometimes raise wages and benefits to unrealistically high levels. That is why, unions can guarantee neither the economic needs of wage and hour increases nor job satisfaction. The University of Dissension: 3 Outline Avoid Unionization: What steps would you take as a school administrator to resolve this issue and avoid unionization of the operating staffers? Imminent Unionization: If unionization appears imminent, what position and actions would you take to work through the process in the most collaborative and least disruptive manner? Subcontracting VS Union movement: Consider the labor force/supply...
Words: 1559 - Pages: 7
...com/wps/portal/3M/en_US/Community-Giving/US-Home/ Economic recession and competitive advantage. (2009, December 30). Retrieved from http://ayushveda.com/blogs/business/economic-recession-and-competitive-advantage-the-3m-case/ Black, T. (2013, April 26). 3m cuts 2013 profit forecast on slowing demand. Retrieved from http://www.bloomberg.com/news/2013-04-25/3m-profit-trails-analyst-estimates-as-europe-slumps.html The National Bureau of Economic Research, Public Information Office. (n.d.). Us business cycle expansions and contractions . Retrieved from website: http://www.nber.org/cycles.html Process design & control. (2013). Retrieved from http://solutions.3m.com/innovation/en_US/technologies/process-design-and-control Cps receives subcontract from 3m under army contract.. (2006, July 11). Retrieved from...
Words: 434 - Pages: 2
...Definitions Clause PART 3—IMPROPER BUSINESS PRACTICES AND PERSONAL CONFLICTS OF INTEREST 3.1 Safeguards 3.2 Contractor Gratuities to Government Personnel 3.3 Reports of Suspected Antitrust Violations 3.4 Contingent Fees 3.5 Other Improper Business Practices 3.6 Contracts with Government Employees or Organizations Owned or Controlled by Them 3.7 Voiding and Rescinding Contracts 3.8 Limitations on the Payment of Funds to Influence Federal Transactions 3.9 Whistleblower Protections for Contractor Employees 3.10 Contractor Code of Business Ethics and Conduct 3.11 Preventing Personal Conflicts of Interest for Contractor Employees Performing Acquisition Functions PART 4—ADMINISTRATIVE MATTERS 4.1 Contract Execution 4.2 Contract Distribution 4.3 Paper Documents 4.4 Safeguarding Classified Information Within Industry 4.5 Electronic Commerce in Contracting 4.6 Contract Reporting 4.7 Contractor Records Retention 4.8 Government Contract Files 4.9 Taxpayer Identification Number Information 4.10 Contract Line Items 4.11 Central Contractor Registration 4.12 Representations and Certifications 4.13 Personal Identity Verification 4.14 Reporting Executive Compensation and First-Tier Subcontract Awards 4.15 American Recovery and Reinvestment Act—Reporting Requirements 4.16 Unique Procurement Instrument Identifiers FAC 2005–54 DECEMBER 2, 2011 STRUCTURE FEDERAL ACQUISITION REGULATION ii SUBCHAPTER B—COMPETITION AND ACQUISITION...
Words: 2367 - Pages: 10
...Performance Proposal Evaluation an assessment of the proposal and the offeror's ability to perform the prospective contract successfully. Price cost plus any fee or profit applicable to the contract type Who Performs technical analysis subject matter experts (SME) or DCMA: says anyone who has specialized knowledge of product or service. Why Proposal Analysis to ensure that the final agreed-to price is fair and reasonable Fair and Reasonable Price Price a prudent and competent buyer would pay in a similar business situation Price Analysis the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. WHEN CERTIFIED COST IS NOT REQUIRED. Cost analysis review and evaluation of any of the separate cost elements and profit or fee in an offeror's or contractor's proposal as needed to determine a fair and reasonable price or to determine cost realism.USED WHEN CERTIFED COST IS REQUIRED. Cost Realism Analysis the process of independently reviewing and evaluating SPECIFIC ELEMENTS of each offeror's proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; SHALL be performed on COST REIMBURSEMENT MAY be performed FIXED PRICE INCENTIVE CONTRACTS. or Fixed Price contracts when contracts with new requirements may not be fully understood by competitive offerors (quality, past performance, or contractors proposed...
Words: 1778 - Pages: 8
...key, he initiated a project to renovate and refurnish the condo so that it's comfort enough to rent out at the rate desire. In this case, he applies the concept of Triple Constraints. He set the timeline for 2 months to get unit complete and ready to allow the tenant move in; with the cost constraints to RM100K; work to be done (scope) comprises of place all the furniture in 3 bedroom, kitchen and living room, electrical appliances for kitchen, some home decoration in contemporary style. Unfortunately, the potential tenant requested that they require the unit within a month time as they are moving in from overseas and to stay in hotel is not in their budget plan. The owner do not wish to miss the boat, and he accepted and sealed the contract with the tenant, meaning the owner left with 1 month to accomplish the task. By applying the Triple Constraints, the owner are in the situation where time has reduced and with the skills, he needs to be agile to well balance the 3 elements as follows: Time reduces - cost reduces - scope reduces - quality maintain * the owner has put in more extra hours to do shopping for items; * the owner brings in more manpower from family members and friends to help instead of doing it alone. * discussed with the tenant to provide the item list of electrical appliances or furniture, normally through this way, the owner may be able to save cost...
Words: 1110 - Pages: 5
...TOWN OF BELMONT CASE STUDY Executive Summary Course: ACCY6900.10 Professor: Marcus Melton, CIA, CGFM, PMP Student: xxxxxxxxxxx Date: xxxxxxxxxxxxxx Introduction The purpose of this summary is to present the results of a cost comparison analysis of the Town of Belmont’s two options in providing snow plowing services: to replace six of their snow removal vehicles on a one-to-one basis; or to subcontract six more vehicles for snow plowing services. This summary will also explore some of the financial and non-financial implications of public service outsourcing versus keeping the service mainly in-house, specifically in relation to the snow plowing services for the Town of Belmont. The Results of the Financial Cost Analysis The results of the financial cost analysis are presented in Tables 1 to 4 in the Appendix and the reasoning behind the calculations and assumptions that led to the results are summarized at the end of the Appendix. The results of the cost analysis indicates that the cost of using the new and more efficient snow plowing vehicles (Walther Snow Fighters) would be approximately $896 per vehicle for one season, during conditions with more than three inches of snowfall. In those same conditions, the cost of subcontracting vehicles to carry out the snow plowing services would be approximately $1,264 per vehicle for one season, indicating a difference of approximately $368 (Refer to Table 4 in the Appendix). This does...
Words: 1914 - Pages: 8
...FIRSTENERGY SERVICE COMPANY – GENERAL TERMS AND CONDITIONS FOR PURCHASE OF HARDWARE, INFORMATION TECHNOLOGY SERVICES AND SOFTWARE ARTICLE I – DEFINITIONS The following capitalized terms, when used in the Agreement (defined below), shall have the meanings given below unless in any particular instance the context clearly indicates otherwise: A. “Agreement”. The terms and conditions set forth in this document, together with the Statement of Work, Purchase Order and all attachments, exhibits, revisions, and supplements thereof, shall constitute the complete and entire agreement between Purchaser and Supplier (the “Agreement”). B. "Purchaser" means FirstEnergy Service Company, its succesors and assigns, for itself and/or as an authorized agent of the affiliate company or companies and their respective successors and assigns, set forth on the face of the Agreement for which the software, hardware or information technology services are procured hereunder. If more than one company is identified as the Purchaser, the liability of each company named shall be several and not joint and shall be limited to such company's interest in the Agreement. C. “Purchaser’s Site” includes generating stations, steam plants, substations, transmission and distribution lines, towers, poles, buildings, or other locations owned or leased by Purchaser, for which the Work is intended to benefit, to which the Work is to be delivered or where the Work is to be performed. D. “Specifications” means the portion of...
Words: 11832 - Pages: 48
...1. The three main stages of negotiating Government contracts are fact-finding, preliminary stage, and negotiation or bargaining stage. The fact-finding session is where both the seller and buyer discuss the different elements of the proposal but mainly both activities are focusing on listening to what the other side is saying. The buyer is asking detailed questions in order to get information required for further analysis, and the seller is trying to answer those questions furnishing as much information as possible that will lead to a successful negotiation. The preliminary stage is used primarily to critique additional data or repriced inputs from the seller, and to narrow the negotiating range by resolving as many issues as possible. Both parties should try to determine the real objectives of the opposition. Lastly, the bargaining stage is what both parties result to if they’ve failed to reach an agreement on any major issues during the previous stages. Both parties are trying to reach a final agreement through the use of discussion, hard bargaining, and compromise, and negotiators are trying to get the most favorable terms possible for their organization. 2. There are several factors that can influence the negotiation such as thorough preparation, the use of a negotiation team, and the personal abilities and negotiator attributes. It is only through thorough preparation buyers can balance the initial disadvantage in the negotiation. The use of a negotiation team can influence...
Words: 2352 - Pages: 10
...jobs, employing half of all working Americans. The Federal government is the largest buyer in the world, spending over $500 billion each year. For the Federal government contracting with small businesses is common sense. Small businesses get the revenue they need to create jobs and drive the economy forward, and federal agencies get the creativity, innovation, and technical expertise of small businesses to help accomplish their mission. When small businesses are excluded from federal contracts, the Federal government, American taxpayers, and the nation’s economy lose out.” Interagency Task Force on Federal Contracting Opportunities for Small Business Objectives • Identify the elements of the Department of Defense (DoD) Small Business Program for defense acquisitions to include the overall policy and regulations, small business goals, small business size standards, non-manufacturer rule, and North American Industrial Classification System (NAICS) codes. • Identify the role of the contract specialist and small business specialist in the acquisition team and the benefits of early involvement by the small business specialist in acquisition planning and market research. • Explain the different types of small business set-asides, the Rule of 2, and the different qualifications and rules that firms must adhere to in order to be eligible for a particular...
Words: 13372 - Pages: 54
