"Certified Costs", assignment help

May 8th, 2016
Steve1995
Category:
Other
Price: $5 USD

Question description

Imagine that a contracting office requests certified cost or pricing data related to your company, VectorCal. Speculate on what would happen to VectorCal in the long term if the cost or pricing data was defective or inaccurate. Provide a rationale for your response.

Predict the manner in which VectorCal would absorb the certified cost or pricing data expense based on the information presented in Chapter 5. From the e-Activity, present two to three (2-3) examples of instances where companies have absorbed the certified cost or pricing data expenses similarly to your prediction of VectorCal. Speculate on what the manner in which the existing companies absorbed the certified cost or pricing data expenses bodes for the future of VectorCal.


Tutor Answer

(Top Tutor) Daniel C.
(997)
School: University of Maryland
PREMIUM TUTOR

Response
After realising that the cost or pricing data presented by the contractor was inaccurate, the
government should do a price adjustment either by reducing price for defective cost or modify the
defective cost or pricing data. The company will use the cost or pricing data threshold agreed during
award. Bilateral contract modifications can be done on the dollar thresholds which do not change
automatically. The contracting officer will consider an offset if the contractor justifies beyond
reasonable doubt that to the best of his knowledge and belief they are entitled to an offset or if they
prove that the certified cost or pricing data were available before the “as of “date specified on the
certificate of current cost or pricing data but were not submitted. During this adjustment, the
company will be required to consider both increases and decreases.
To avoid such scenario in future, the company should consider contracting firms that are
certified by TINA that what they have disclosed are facts on their possessions which could affect
government...

Studypool has helped 1,244,100 students

8 Reviews


Summary
Quality
Communication
On Time
Value
pmallory
Dec 10th, 2016
" Totally impressed with results!! :-) "
mixedballz
Dec 1st, 2016
" excellent work as always thanks for the help "
Five Star Tutor
Nov 26th, 2016
" Outstanding Job!!!! "
kiln82
Nov 17th, 2016
" awesome work thanks "
darnay
Nov 8th, 2016
" The best tutor out there!!!! "
likeplum4
Nov 4th, 2016
" Excellent work as usual "
kpcutie
Oct 12th, 2016
" Excellent job "
Joemoe
Oct 3rd, 2016
" <3 it, thanks for saving me time. "
Ask your homework questions. Receive quality answers!

Type your question here (or upload an image)

1822 tutors are online

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors