FAR Facts

FUN with the FAR Part 16

Did ya know . . . ? A time-and-materials contract may be used only when a contractor has “determined” that “it is not possible at the time of placing the contract to estimate accurately the extent or duration of the work or to anticipate costs with any reasonable...

FUN with the FAR Part 52

Did ya know . . . ? With both time-and-materials contracts and labor-hour contracts, the contractor is only required to use “best efforts” during contract performance and there is no guarantee that the work required will be completed within the contract’s stated...

FUN with the FAR Part 15

Did ya know . . . ? Contractors may submit unsolicited proposals only for technical solutions not addressed in a previous or existing published agency requirement. FAR 15.603(b). Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly FUN with the FAR...

FUN with the FAR Part 15

Did ya know . . . ? The contracting officer’s overall objective during a FAR Part 15 negotiation is to negotiate a contract of a type and with a price that provides the contractor the greatest incentive for efficient and economical performance. FAR 15.405(b)....

FUN with the FAR Part 15

Did ya know . . . ? Negotiations aimed merely at reducing prices by reducing profit, with the proper recognition of the function of profit, are not in the Government’s interest. FAR 15.404-4(a)(3). Interested in more FAR OUT Facts? Sign up for PCI’s bi-weekly...