Question
*No information is missing* Type: Award of $295,000 fixed-price contract with economic price adjustment (+/-10%). Previously Certified (i.e. committed): $324,500. Amount to Record as an
*No information is missing*
Type: Award of $295,000 fixed-price contract with economic price adjustment (+/-10%).
Previously Certified (i.e. committed): $324,500.
Amount to Record as an Obligation: ______________
Adjustment (amount and type): _____________
Type: Award of $160,000 cost-plus-fixed-fee contract ($150,000 estimated cost, $10,000 fixed fee).
Previously Certified (i.e. committed): $150,000.
Amount to Record as an Obligation: ______________
Adjustment (amount and type): _____________
Type: Contract award of letter contract with a ceiling price not to exceed $100,000 and a maximum government liability prior to definitization of $50,000. (Assume all necessary prior approvals granted).
Previously Certified (i.e. committed): $100,000.
Amount to Record as an Obligation: ______________
Adjustment (amount and type): _____________
Type: Definitization of the letter contract from the previous problem with a definitized firm-fixed-price of $120,000.
Amount to Obligate upon Definitization: ______________
Adjustment (amount and type): _____________
Type: Award of an indefinite quantity/indefinite delivery contract with a minimum quantity of 100 widgets and a maximum quantity of 1000 widgets. The unit price is $10 per widget.
Previously Certified (i.e. committed): $5,000.
Amount to Record as an Obligation: ______________
Adjustment (amount and type): _____________
Type: Delivery Order D00001 (the first delivery order) under the previous contract for 47 widgets.
Additional Amount to Record as an Obligation: ______________
Adjustment: _____________
Type: Termination for convenience of a $2.1M firm fixed-price contract.
Previously Recorded as an Obligation: $2.1M
Amount already Disbursed (i.e. paid to the contractor): $680,000
Amount to Obligate upon T4C (not a precise number, but explain how to determine): ______________
Adjustment: _____________
Type: Default termination of a $375,000 construction contract that was 60% complete.
Previously Obligated: $375,000.
Amount already Disbursed (i.e. paid to the contractor): $180,000
Amount to Obligate upon T4D: ______________
Adjustment:_____________
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