FAR Facts

FUN with the FAR S7 Ep. 10

Did ya know . . . ? Unless other agency instructions exist, contracting officers are required to use the profit analysis factors set forth at FAR 15.404-4(d) to establish profit or fee pre-negotiation objectives Interested in more FAR OUT Facts? Sign up for PCI’s...

FUN with the FAR S7 Ep. 10

Did ya know . . . ? Any prime contractor that is required to disclose certified cost or pricing data shall generally require any of its subcontractors which hold subcontracts worth over $750,000 to disclose certified cost or pricing data, unless an exception applies....

FUN with the FAR S7 Ep. 10

Did ya know . . . ? A prime contractor is required to conduct appropriate cost or price analysis to establish the reasonableness of proposed subcontractor pricing. FAR 15.404-3(b). Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the FAR...

FUN with the FAR S7 Ep. 10

Did ya know . . . ? Prime contractors who intend to subcontract more than 70% of the total cost of work to be performed under a contract are subject to the Limitations on Pass-Through Charges clauses set forth at 52.215-22 or 52.215-23 Interested in more FAR OUT...

FUN with the FAR S7 Ep. 10

Did ya know . . . ? The fact that a price is included in a commercial item “price list” or catalog does not, in and of itself, make that particular price “fair and reasonable.” FAR 15.43-3(c). Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the...