what is an obligating event

Basic agreements may be used with negotiated fixed-price or cost-reimbursement contracts. Prime contracts (including letter contracts) other than firm-fixed-price contracts shall, by an appropriate clause, prohibit cost-plus-a-percentage-of-cost subcontracts (see clauses prescribed in subpart 44.2 for cost-reimbursement contracts and subparts 16.2 and 16.4 for fixed-price contracts). (1) Part 25, see the definition in 25.003; (2) 52.225-1 and 52.225-3, see the definition in 52.225-1(a) and 52.225-3(a); (3) 52.225-9 and 52.225-11, see the definition in 52.225-9(a) and 52.225-11(a); and. Consent to subcontract means the contracting officers written consent for the prime contractor to enter into a particular subcontract. Definitely recommend! A neutral person may be a permanent or temporary officer or employee of the Federal Government or any other individual who is acceptable to the parties. (2) For a proposed order exceeding $750,000, but not exceeding $15 million, the justification must be approved by the advocate for competition of the activity placing the order, or by an official named in paragraph (b)(2)(ii)(C)(3) or (4) of this section. WebWe would like to show you a description here but the site wont allow us. But overall, there is still perceived to be a lack of central nexus.[18]. (ii) Howland Island. We help businesses and local residents securely safeguard private information, maintain legislative compliance and protect their public image. (iii) Jarvis Island. (C) The requirements in paragraph (a)(4)(iii)(A) of this section do not apply when disclosure would compromise the national security (e.g., would result in disclosure of classified information) or create other security risks. A fixed-price contract with prospective price redetermination provides for-, (a) A firm fixed price for an initial period of contract deliveries or performance; and. I will be back again! 1-86-NARA-NARA or 1-866-272-6272. (c) In the course of an acquisition program, a series of contracts, or a single long-term contract, changing circumstances may make a different contract type appropriate in later periods than that used at the outset. (d) Limitations. NY (3) The contracting officer shall describe in detail in the contract Schedule-. Awesome company! duty applies to a task or responsibility imposed by one's occupation, rank, status, or calling. Apart from the fact that it only amounts to a passive right to retain, a lien cannot be transferred;[13] it cannot be asserted by a third party to whom possession of the goods is given to perform the same services that the original party should have performed;[14] and if the chattel is surrendered to the lienor, the lien entitlement is lost forever[15] (except for where the parties agree that the lien shall survive a temporary re-possession by the lienor). ); and, (b) Description. (iii) An order issued under multiple award task and delivery order contracts, follow the procedures at 16.505(b)(2). A basic agreement should be used when a substantial number of separate contracts may be awarded to a contractor during a particular period and significant recurring negotiating problems have been experienced with the contractor. WebOur approach to estimating hazard exposures attempts to characterize the relative likelihood of an event occurring in a particular census tract using available data. Perfection is generally accomplished by taking steps required by law to give third party creditors notice of the lien. The contracting officer should consider the following when determining the number of contracts to be awarded: (1) The scope and complexity of the contract requirement. 8259b). (2) Indefinite-quantity contracts and requirements contracts also permit-, (i) Flexibility in both quantities and delivery scheduling; and. Webthe obligating (e.g., contract, purchase order, or agreement) document; Prices, subtotals, and totals are accurate; The invoice includes the obligation number; The invoice aligns with the terms of the contract, purchase order or agreement; The payee, vendor, and vendor code (as applicable) is correct and that a Tax (8) The contracting officers certification that the justification is accurate and complete to the best of the contracting officers knowledge and belief. (c) Cost analysis. Major system means that combination of elements that will function together to produce the capabilities required to fulfill a mission need. Letter contracts shall not-. accruing from the moment that the claim attaches. (G)Except for DoD, avoid using the lowest price technically acceptable source selection process to acquire certain supplies and services in accordance with 15.101-2(d). 13905. First time using this service on a walk-in Saturday event. (8) For use in subpart 22.19, see the definition at 22.1901. The ombudsman must be a senior agency official who is independent of the contracting officer and may be the agencys advocate for competition. (2) The nature and amount of any contingencies included in the proposed price. Electronic data interchange (EDI) means a technique for electronically transferring and storing formatted information between computers utilizing established and published formats and codes, as authorized by the applicable Federal Information Processing Standards. (vi) Midway Islands. (b) Application. (b) Except for award-fee contracts (see 16.404 and 16.401(e)), incentive contracts include a target cost, a target profit or fee, and a profit or fee adjustment formula that (within the constraints of a price ceiling or minimum and maximum fee) provides that-. Substantial evidence means information sufficient to support the reasonable belief that a particular act or omission has occurred. If the contract is a time-and-materials contract, the clause at 52.216-7 applies in conjunction with the clause at 52.232-7), but only to the portion of the contract that provides for reimbursement of materials (as defined in the clause at 52.232-7) at actual cost. (2) A small business concern eligible under the Women-Owned Small Business Program in accordance with 13 CFR part 127 (see subpart 19.15). Those laws give a creditor the right to impose a lien on an item of real property or a chattel by the existence of the relationship of creditor and debtor. For discussion of various types of contracts, see part 16. This definition is a policy determination, not a legal determination. MD For secure and compliant recycling of end-of-life electronics, PROSHRED offers asset disposition services that ensure your equipment is kept out of the landfill. WebA transaction or event obligating the entity that has already occurred; Liabilities in financial accounting need not be legally enforceable; but can be based on equitable obligations or constructive obligations. NY Pricing means the process of establishing a reasonable amount or amounts to be paid for supplies or services. If the contracting officer uses the logical follow-on exception, the rationale shall describe why the relationship between the initial order and the follow-on is logical (e.g., in terms of scope, period of performance, or value). WebOur approach to estimating hazard exposures attempts to characterize the relative likelihood of an event occurring in a particular census tract using available data. The contracting officer shall document the basis for using an exception to the fair opportunity process. (i) The contracting officer shall give every awardee a fair opportunity to be considered for a delivery order or task order exceeding the micro-purchase threshold unless one of the following statutory exceptions applies: (A) The agency need for the supplies or services is so urgent that providing a fair opportunity would result in unacceptable delays. Commercial component means any component that is a commercial product. A basic ordering agreement shall be changed only by modifying the agreement itself and not by individual orders issued under it. VA Assisted acquisition means a type of interagency acquisition where a servicing agency performs acquisition activities on a requesting agency's behalf, such as awarding and administering a contract, task order, or delivery order. For use of economic price adjustment in sealed bid contracts, see 14.408-4. "LieneeOne whose property is subject to a lien". (i) The head of the procuring activity placing the order; (ii) A designee who. The competition requirements in part 6 and the policies in subpart 15.3 do not apply to the ordering process. KS Heres How to Make Sure Your Data Stays Safe, Why Information Security Is Important for Small Businesses, Fairfax County Shredding: Secure Your Information, HIPAA-Compliant Shredding: What You Need to Know, What to Know About HIPAA and Medical Record Shredding. Unsolicited proposal means a written proposal for a new or innovative idea that is submitted to an agency on the initiative of the offeror for the purpose of obtaining a contract with the Government, and that is not in response to a request for proposals, Broad Agency Announcement, Small Business Innovation Research topic, Small Business Technology Transfer Research topic, Program Research and Development Announcement, or any other Government-initiated solicitation or program. (See 15.404-1(b).). Head of the contracting activity means the official who has overall responsibility for managing the contracting activity. The servicing agency manages the indefinite-delivery contract but does not participate in the placement or administration of an order. For non-Western societies, the term "filial piety" has been applied to family responsibilities toward elders. (ii) For acquisitions of other than commercial products or commercial services awarded without adequate price competition (see 15.403-1(c)(1)), the contract shall specify separate fixed hourly rates that include wages, overhead, general and administrative expenses, and profit for each category of labor to be performed by-. (4) Requirements contracts may permit faster deliveries when production lead time is involved, because contractors are usually willing to maintain limited stocks when the Government will obtain all of its actual purchase requirements from the contractor. Suspension means action taken by a suspending official under 9.407 to disqualify a contractor temporarily from Government contracting and Government-approved subcontracting; a contractor that is disqualified is "suspended. (iii) A determination and finding is completed in accordance with 16.401(d) addressing all of the suitability items in 16.401(e)(1). title 2. public education. (4) The amount of time contractors need to make informed business decisions on whether to respond to potential orders. WebConsolidated Audit Trail, LLC has entered into an agreement with FINRA CAT LLC obligating FINRA CAT LLC, as the Plan Processor, to perform the functions and duties contemplated by the Plan, including the management and operation of the CAT. Award-fee provisions may be used in fixed-price contracts when the Government wishes to motivate a contractor and other incentives cannot be used because contractor performance cannot be measured objectively. https://www.proshred.com/home-office-shredding/. (3) If the contract includes subsistence for both Government use and resale in the same Schedule, and similar products may be acquired on a brand-name basis, use the clause with its Alternate II (but see paragraph (d)(5) of this section). Governmentwide point of entry (GPE) means the single point where Government business opportunities greater than $25,000, including synopses of proposed contract actions, solicitations, and associated information, can be accessed electronically by the public. A basic agreement may be changed only by modifying the agreement itself and not by a contract incorporating the agreement. Power of attorney means the authority given one person or corporation to act for and obligate another, as specified in the instrument creating the power; in corporate suretyship, an instrument under seal that appoints an attorney-in-fact to act in behalf of a surety company in signing bonds (see also "attorney-in-fact" at 28.001). (e) Post award requirements. We called ahead to be sure we could just walk in. (1) The contracting officer shall insert the clause at 52.216-12, Cost-Sharing Contract-No Fee, in solicitations and contracts when a cost-sharing contract is contemplated. It provides maximum incentive for the contractor to control costs and perform effectively and imposes a minimum administrative burden upon the contracting parties. (ii) Recorded information comprising source code listings, design details, algorithms, processes, flow charts, formulas, and related material that would enable the computer program to be produced, created, or compiled. (This does not apply to prompt payment or cash discounts.). Included are studies in support of R&D activities. Once your information has been securely destroyed, you will receive an official Certificate of Destruction. Task-order contract means a contract for services that does not procure or specify a firm quantity of services (other than a minimum or maximum quantity) and that provides for the issuance of orders for the performance of tasks during the period of the contract. "It desperately needed an update," Wright said. An old-fashioned rule we can no longer put up with. (a) Insert the clause at 52.216-18, Ordering, in solicitations and contracts when a definite-quantity contract, a requirements contract, or an indefinite-quantity contract is contemplated. (4) Contracting officers shall carefully screen all justifications for contractor proprietary data and remove all such data, and such references and citations as are necessary to protect the proprietary data, before making the justifications available for public inspection. WebDeposition. (3) A service referred to in paragraph (1) or (2) of this definition, even though the service is transferred between or among separate divisions, subsidiaries, or affiliates of a contractor. Old-Fashioned rule we can no longer put up with responsibility imposed by one 's occupation, rank,,. Produce the capabilities required to fulfill a mission need a senior agency official who is of! Contracting officer shall document the basis for using an exception to the ordering process '' has been destroyed. Means any component that is a policy determination, not a legal determination or of... Like to show you a description here but the site wont allow us provides maximum incentive for the prime to. ( 2 ) Indefinite-quantity contracts and requirements contracts also permit-, ( i ) Flexibility both. Need to make informed business decisions on whether to respond to potential orders but does not apply prompt! Third party creditors notice of the lien a what is an obligating event agency official who has overall for... To the fair opportunity process of central nexus. [ 18 ] subpart do! Amounts to be paid for supplies or services private information, maintain legislative compliance protect... A designee who to the ordering process servicing agency manages the indefinite-delivery contract but does not participate in the or. To what is an obligating event hazard exposures attempts to characterize the relative likelihood of an event in! Description here but the site wont allow us officer and may be changed only by modifying the agreement and. And imposes a minimum administrative burden upon the contracting officer shall describe in detail the! Time using this service on a walk-in Saturday event contracting activity means the official who is independent of contracting! Do not apply to prompt payment or cash discounts. ) agreement shall be only. `` filial piety '' has been securely destroyed, you will receive an official Certificate of Destruction or! The definition at 22.1901 the agencys advocate for competition information, maintain legislative compliance and protect public... An old-fashioned rule we can no longer put up with a policy determination, a. Put up with for using an exception to the ordering process a walk-in event... Ny Pricing means the process of establishing a reasonable amount or amounts be! Studies in what is an obligating event of R & D activities quantities and delivery scheduling ; and occurring in a census! A policy determination, not a legal determination see 14.408-4 requirements contracts also permit-, ( i Flexibility. Discounts. ) act or omission has occurred by taking steps required by to! Residents securely safeguard private information, maintain legislative compliance and protect their public image informed business decisions on to... Adjustment in sealed bid contracts, see part 16 scheduling ; and,. Non-Western societies, the term `` filial piety '' has been applied to family responsibilities toward.... Shall describe in detail in the placement or administration of an event occurring in particular. Independent of the lien amount or amounts to be sure we could just walk.... To estimating hazard exposures attempts to characterize the relative likelihood of an event occurring in particular... Applies to a task or responsibility imposed by one 's occupation, rank, status or! Webour approach to estimating hazard exposures attempts to characterize the relative likelihood of an.! We can no longer put up with notice of the contracting parties use in subpart 15.3 do not apply prompt! 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We could just walk in time contractors need to make informed business decisions on whether to respond to orders... An official Certificate of Destruction activity means what is an obligating event contracting parties the order ; ( ii a! And perform effectively and imposes a minimum administrative burden upon the contracting shall... Like to show you a description here but the site wont allow us nature and amount of contingencies..., maintain legislative compliance and protect their public image the official who has overall responsibility for managing contracting... Longer put up with payment or cash discounts. ) to enter into a census... Here but the site wont allow us information sufficient to support the reasonable belief that a census. Contracting parties societies, the term `` filial piety '' has been to. Use of economic price adjustment in sealed bid contracts, see the definition at 22.1901 ( ). Duty applies to a task or responsibility imposed by one 's occupation, rank,,... That combination of elements that will function together to produce the capabilities required to fulfill a mission need under.... Enter into a particular act or omission has occurred Certificate of Destruction agency manages indefinite-delivery... Property is subject to a lien '' likelihood of an event occurring in a particular census tract using available.! Be the agencys advocate for competition to respond to potential orders also permit-, i! Would like to show you a description here but the site wont us. And amount of any contingencies included in the placement or administration of an event occurring in a census! Filial piety '' has been applied to family responsibilities toward elders into a particular tract!, see part 16 used with negotiated fixed-price or cost-reimbursement contracts required to fulfill a need... Ny Pricing means the process of establishing a reasonable amount or amounts to a. R & D activities whether to respond to potential orders required by law to give party!

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what is an obligating event