Term
| What is the maximum CPFF limit for R&D? |
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Definition
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Term
| What is the maximum CPFF limit for other services? |
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Definition
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Term
| What is the maximum CPFF limit for no other statuatory limits? |
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Definition
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Term
| What contract type would be used if there were vague techinical requirements and labor and material costs were uncertain? |
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Definition
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Term
| What kind of contract would be used if the technical requirements were defined and there was a fair and reasonable price determination? |
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Definition
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Term
| What kind of contracts are used when theree is a level of uncertainity or risk in the requirements, technology, process, costs or outcome, such as new development? |
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Definition
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Term
| The EMD phase and for most programs in production, where products and processes are well understood, what is the best type of contract type and can be very effective in incentivizing cost control and productivity growth? |
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Definition
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Term
| Contractor gets 100% of the fee regardless of cost. |
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Definition
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Term
| Fees shall not exceed ____ % (excluding fee) for R&D? |
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Definition
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Term
| Fees shall not exceed ____ % (excluding fee) for arcitecutral and engineering contracts? |
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Definition
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Term
| Fees shall not exceed ____ % (excluding fee) for other contract types? |
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Definition
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Term
| What is negotiated and established at contract award for CPFF? |
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Definition
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Term
| For CPIF type contracts what is established at contract award? |
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Definition
Target Cost (TC)
Target Fee (TF)
Max Fee (MaxF)
Min Fee (MinF)
Share Ratios (SR) |
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Term
| What contract type does the Government pay all allowable costs? |
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Definition
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Term
| For a CPAF contract what is established at contract award? |
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Definition
Estimated Cost
Base Fee (0-3%)
Award Fee Pool Criteria |
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Term
These are established at what contract type at contract award?
Target Cost (TC)
Target Fee (TF)
Max Fee (MaxF)
Min Fee (MinF)
Share Ratios (SR) |
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Definition
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Term
These are established at what contract type at contract award?
Estimated Cost
Base Fee (0-3%)
Award Fee Pool Criteria |
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Definition
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Term
| What type of contract award is not used in lieu of CPFF or CPIF when objective measurement is feasible? |
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Definition
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Term
| What contract type is very people and time intensive? |
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Definition
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Term
| What contract type is where the contractor may dispute whether the Gov followed the award fee plan; not whether it earned "correct fee?" |
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Definition
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Term
| What are the advantages of a CPAF? |
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Definition
Subjective / Discretionary decision making
control and fleixbilty of criteria
Unilaterial modification to add award fee for period |
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Term
| What contract type is where the contractor must deliver quality product and is paid negotiated price regardless of cost? |
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Definition
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Term
| For a FPAF contract type, what is established and negotiated at contract award? |
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Definition
Fixed Price - paid for satisfactory performance
Award fee evaluation criteria |
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Term
| What contract type is where the award fee is paid in advance? |
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Definition
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Term
| What is called when the contractor assumes all cost risks (0/100) share? |
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Definition
| Point of Total Assumption (PTA) |
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Term
| Point of Total Assumption is part of what type of contract? |
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Definition
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Term
| What is Established at Contract Award for FPIF? |
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Definition
Target Cost (TC)
Target Profit (TP)
Ceiling Price (CP)
Share Ratio (SR) |
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Term
| What is the objective of BBP? |
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Definition
| Not to reduce contractor profits to make programs more affordable |
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Term
| The Final Contract Price (FCP)at every point on the line between PTA and CP will always equal what? |
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Definition
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Term
| What is commerical contracting? |
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Definition
Advance payments
Interim payments |
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Term
| What is noncommerical contracting? |
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Definition
Advance payments
Loan guarentees
Progress Payments (based on costs)
Peformance based Payments |
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Term
| What is a form of Government Financing in recognition for working captial, for long lead items, and work in progress expenditures? |
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Definition
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Term
| What is based on costs or a percentage or stage of completion (for construction or ship building / conversion / alternation / repair)? |
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Definition
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Term
For customary progress payment rates for DOD contracts, including FMS?
Large Business Concerns? |
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Definition
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Term
For customary progress payment rates for DOD contracts, including FMS?
Small Business Concerns? |
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Definition
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Term
For customary progress payment rates for DOD contracts, including FMS?
Small Disadvantage Business Concerns? |
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Definition
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Term
| What is the government's preferred method of contract financing for Fixed Price Contracts? |
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Definition
| Performance Based Payments (PBP) |
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Term
| What is based on the achievement of specific events that are defined and valued in advance by the parties to the contract? |
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Definition
| Performance Based Payments (PBP) |
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Term
| What focuses on performance rather than an incurred cost? |
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Definition
| Performance Based Payments (PBP) |
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Term
| What are the PBP elements? |
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Definition
The payment event or criteria
The defintion of successful completion
The value of the event |
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Term
| The elements of PBP need to be considered together to ensure what? |
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Definition
- Adequate cash flow to the contractor
- Appropriate motivation for the contractor achieving the payment events will lead to successful completion of the contract
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Term
| Each event or performance criterion that will trigger a financing payment must: |
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Definition
-be an integral and necessary part of the contract peformance
-be identified in the contract
-include a description of what consititue successful performance of the event or attainment of the perforamnce criterion |
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Term
| What must be identified in the contract? |
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Definition
| Performance Criterion for PBP events |
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Term
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Definition
-Receipt of material
-Receipt of major subcontract items
-Product leaving a machinery / tooling phase
-Completion of first testing
-Machining, forging, fabrication parts |
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Term
| What is receipt material? |
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Definition
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Term
| What is receipt of major subcontract items? |
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Definition
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Term
| What is product leaving a machinery / tooling phase |
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Definition
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Term
| What is completion of first article testing? |
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Definition
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Term
| What is machining, forging, and fabricating parts? |
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Definition
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Term
| What is the best method of selecting events? |
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Definition
| Diagram the process flow of the product and select the key events that lead to completig the product |
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Term
| At what MS shall the MDA select a contract type for MDAP? |
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Definition
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Term
What type of contract type requires written determination that:
-Program risk due to complexity and technical challenges are too great
-Complexity and technical challenges not result of failure to meet certification requirements established in 2366a of Title 10 |
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Definition
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Term
| Selecting the appropriate contract type, incentive package and financial plan are part of what? |
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Definition
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Term
| A fixed price may be too risky if what? |
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Definition
-MDA documents basis for contract type
-Explanation of program risk
-If level of risk is high, steps taken to reduce risk
-reasons for proceeding to MS B approval despite high risk |
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Term
| What is part of the mitigation plan? |
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Definition
Selecting Contract Type
Incentive Package
Financing Plan |
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