Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In DoD contracting, for a contract that was competitively awarded, what method should you use to negotiate profit on a subsequent contract modification that requires

In DoD contracting, for a contract that was competitively awarded, what method should you use to negotiate profit on a subsequent contract modification that requires certified cost or pricing data?

a.

Use the contractor's proposed profit rate if the contractor's past performance rate is satisfactory.

b.

Use the average profit negotiated by your agency for similar products, but never exceed 10%.

c.

Ask the contractor for certified cost or pricing data.

d.

A structured approach, i.e. the weighted guidelines, should be used

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

Essentials Of Mis

Authors: Kenneth Laudon

8th Edition

1292153776, 9781292153773

More Books

Students also viewed these Economics questions