Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Acontractorcompletesperformanceofa$1,000,000cost-reimbursementcontractthatincludes the contract clause at FAR 52.242-3 and submits (a) its proposal for final indirect costratesand(b)acertificateoffinalindirectcosts.Duringanalysisoftheproposaltheadministrativecontracting officer (ACO) discovers that the proposal includes $10,000 of

Acontractorcompletesperformanceofa$1,000,000cost-reimbursementcontractthatincludes the contract clause at FAR 52.242-3 and submits (a) its proposal for final indirect costratesand(b)acertificateoffinalindirectcosts.Duringanalysisoftheproposaltheadministrativecontracting officer (ACO) discovers that the proposal includes $10,000 of indirect costs that areexpresslyunallowableunderFARcostprinciples,butthathavenotpreviouslybeendeterminedtobeunallowable.Asyet,nopartoftheunallowablecostshasbeenpaid.

A.Answer thefollowingquestions:

1.Whatifanydollaramountofpenalty musttheACOassessthecontractorforincludingtheunallowablecostsinitsfinalindirectcostrateproposal?

2.WhatFARcitation(be specificandcomplete)supports youranswer?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Macroeconomics Policy And Practice

Authors: Frederic Mishkin

2nd Edition

0133424316, 978-0133424317

More Books

Students also viewed these Economics questions

Question

7. One or other combination of 16.

Answered: 1 week ago

Question

5. It is the needs of the individual that are important.

Answered: 1 week ago