Easily Insert Amount Field into the Performance Contract

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How to Insert Amount Field into the Performance Contract

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hi this is rhiannon from the contract express team this video will show you how to insert fields or variables into your templates there are two ways to do this the first is to insert the field directly into your document to do so select the text you wish to replace and press the insert field button this brings up the variable editor give your variable a name for your own reference and then enter the question you wish the end user of the template questionnaire to be asked to collect different types of data such as dates or numbers you may select the relevant variable type from the drop down press ok and the variable is inserted into your document and added to your dictionary you will also see a pop-up asking whether you would like to replace all instances of the text you selected to do so select yes the second way to create variables is by selecting the plus icon and then new variable from inside the dictionary editor this brings up a docked version of the variable editor you can then e

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How does a firm fixed-price contract work?

A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractors cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss.

Can a firm fixed-price contract be incrementally funded?

(2) An incrementally funded fixed-price contract shall be fully funded as soon as funds are available.

What are the types of performance contracts?

Performance of a contract is one of the methods of discharge of a contract. The performance may be of two types: (a) actual performance and (b) attempted performance. An actual performance of a contract means performing all the promises and fulfilling all the liabilities by all the parties.

What is an advantage of a firm fixed-price contract?

The main benefit of using a firm-fixed-price contract is that the price agreement is guaranteed. All the risk is taken on by the contractor to deliver within the price agreed in the contract. Any overages or deviations will have to be absorbed by the contractor.

How often and at what minimum amount may the contractor request progress payments?

The Government will make progress payments to the Contractor when requested as work progresses, but not more frequently than monthly, in amounts of $2,500 or more approved by the Contracting Officer, under the following conditions: (a) Computation of amounts.

What are the characteristics of performance-based contract?

A PBC approach focuses on developing strategic performance metrics and directly relating contracting payment to performance against these metrics. Common metrics include availability, reliability, maintainability, supportability and total cost of ownership.

What is an example of a performance based contract?

An example would be a road maintenance contractor that is paid for the results of his work. If a contractor is tasked to fill potholes, their contract might be based on performance. If no potholes remain, they have fully met the performance expectations and payment will be made as per the contract.

What information should be provided in addition to the contracting officers signature on contracts and modifications?

(1) Include the contracting officers telephone number and, when available, e-mail/Internet address on contracts and modifications. (2) The contracting officer may sign bilateral modifications of a letter contract before signature by the contractor.

Can you modify a firm fixed price contract?

A firm-fixed-price contract provides for a price that is not subject to any adjustment on the basis of the contractors cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss. Prime v.

What is the meaning of performance-based contracts?

Performance-based service contracting (PBSC) emphasizes that all aspects of an acquisition be structured around the purpose of the work to be performed as opposed to the manner in which the work is to be performed or broad, imprecise statements of work which preclude an objective assessment of contractor performance.

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