What is considered excessive pass through charges?
Excessive pass-through charge, with respect to a Contractor or subcontractor that adds no or negligible value to a contract or subcontract, means a charge to the Government by the Contractor or subcontractor that is for indirect costs or profit/fee on work performed by a subcontractor (other than charges for the costs …
What is a pass through clause?
Pass-through clauses (a.k.a. flow-down or conduit clauses), typically incorporate by reference the terms of a prime contract between owner and general contractor into a subcontract, thereby binding subcontractors to the same duties and obligations – and to the same extent – as the general contractor has to the owner.
What is a pass through in Government contracting?
In the pass through claim scenario, the prime contractor asserts the subcontractor’s claim against the owner on the subcontractor’s behalf, with the costs of pursuing the claim and any recovery to be allocated between subcontractor and contractor by agreement.
What are pass through charges?
Pass Through Charges means the actual documented costs charged (without markup) by a Third-Party Service Provider for the Services provided.
Which section of the far discusses market research?
FAR Part 10
The government’s rules and policies regarding market research are defined primarily in FAR Part 10, FAR Part 2.101 and FAR Part 7.102.
What is cost reimbursable?
Definition: A cost-reimbursement contract is a contract where all allowable contractor expenses are covered to an agreed-upon limit and an additional payment for a profit.
What does default provision mean?
A default interest provision is nearly always included in an agreement where interest would be payable in the ordinary course of dealings as a part of the transaction, most obviously in a loan agreement.
What is a pass through mechanism?
A pass-through security is a pool of fixed-income securities backed by a package of assets. A servicing intermediary collects the monthly payments from issuers and, after deducting a fee, remits or passes them through to the holders of the pass-through security (that is, people or entitities who have invested in it).
What is simplified acquisition threshold 2021?
The simplified acquisition threshold is set by the Federal Acquisition Regulation at 48 CFR Subpart 2.1 (Definitions) and in accordance with 41 U.S.C. 1908. As of the publication of this part, the simplified acquisition threshold is $150,000, but this threshold is periodically adjusted for inflation.
What is simplified acquisition threshold 2020?
SUMMARY: Notwithstanding the Federal Acquisition Regulation finalization that increases the micro-purchase threshold for supplies from $3,500 to $10,000 and the simplified acquisition threshold from $150,000 to $250,000, existing purchase card limits are not raised.
What does FAR Part 10 market research require?
FAR Part 10 “Market Research”: prescribes policies and procedures for conducting market research to arrive at the most suitable approach to acquiring, distributing, and supporting supplies and services.