A labor-hour contract may be used for the acquisition of commercial services:
Answer(s): A
A time-and-materials contract or labor-hour contract may be used for the acquisition of commercial services when it is not possible at the time of placing the contract or order to accurately estimate the extent or duration of the work or to anticipate costs with any reasonable degree of certainty. The contract may include a ceiling price or order that the contractor exceeds at its own risk. Any subsequent change in the ceiling price would be authorized only upon a determination that it is in the best interest of the procuring agency to change the ceiling price.
A labor-hour contract would NEVER include a ceiling price.
Answer(s): B
Which of the following may be used when prices are established based on a firm-fixed- price or fixed-price with economic price adjustment; or that rates are established for commercial services acquired on a time-and-materials or labor- hour basis?
Answer(s): C
Indefinite-delivery contracts may be used when prices are established based on a firm- fixed-price or fixed-price with economic price adjustment; or that rates are established for commercial services acquired on a time-and-materials or labor-hour basis. Issuance of orders on a firm-fixed-price or fixed-price with economic price adjustment basis may sometimes be allowed.
With indefinite-delivery contracts, issuance of orders on a firm-fixed-price or fixed-price with economic price adjustment basis:
The government contracting officer would always presume that data delivered under a contract for commercial items was developed:
The government contracting officer would always presume that data delivered under a contract for commercial items was developed exclusively at private expense. If a contract for commercial items requires the delivery of technical data, the contracting officer would include appropriate provisions and clauses delineating the rights in the technical data in addenda to the solicitation and contract.
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