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Replace Field Validation to the Profit Maintenance Agreement

Replace Field Validation to the Profit Maintenance Agreement and eSign it in minutes

Aug 6th, 2022

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Got questions?

Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

What is the simplified acquisition threshold?

The Simplified Acquisition Threshold (SAT) is the dollar amount in federal acquisition represented by the anticipated award amount of a contract, under which contracting officers are directed to use simplified acquisition procedures to solicit and award the resulting contracts.

Does SOW Supersede MSA?

In other words, an SOW is a child document to an MSA. If they conflict, the terms of an MSA will generally supersede that of an SOWunless the parties agree and state otherwise. Also, parties can terminate an SOW without it affecting other SOWs and the MSA the terminated SOW is under.

What is the purpose of Tina?

As discussed previously, TINA requires the contractor to submit cost or pric- ing data; docHub the data as current, accurate, and complete; agree to a defective pricing clause; and agree to accept audit and subcontractor certifi- cation clauses.

What is Tina in procurement?

The Truth in Negotiations Act, or TINA, requires contractors who are negotiating certain government contracts e.g., sole source contracts where there is no established market price for the good or service to submit cost and pricing data to the Government that is truthful, accurate, and complete.

Should a SOW reference an MSA?

WHAT TO SAY IN YOUR SOW? While you can include a lot of things in your SOWs, here are the things you should almost always cover: Always include a reference to the MSA (its title and date) which governs the SOW. Make sure the SOW has a date or other SOW number, so you can refer to it in other documents.

What is the difference between a service agreement and a maintenance agreement?

Service contracts may include towing, rental and emergency road service Under a maintenance agreement, the maker of the agreement is obligated to perform regularly scheduled maintenance of property, such as regularly scheduled oil changes for an automobile.

What replaced Truth in Negotiations Act?

Federal Acquisition Circular (FAC) 2005-73, effective May 29, 2013, eliminated the Truth in Negotiations Act (TINA).

What is Truth in Negotiations Act?

The Truth in Negotiations Act protects the government from being overcharged by contractors. Under the Acts provisions, any firm that sends the government a contract proposal must back it up with certified cost and pricing data if the procurement process enters the negotiation phase.

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