Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.
How to use or fill out hhs form 674 structured approach profit fee objective with DocHub
Ease of Setup
DocHub User Ratings on G2
Ease of Use
DocHub User Ratings on G2
Click ‘Get Form’ to open it in the editor.
Begin by entering the RFP/Contract Number and Business Unit at the top of the form. This information is crucial for identifying your specific contract.
In the 'Cost Category' section, fill in the weight ranges for Material Acquisition, Direct Labor, Overhead, and Other Costs. Ensure you select appropriate percentages based on your project requirements.
Next, calculate the Weighted Profit/Fee for each cost category by multiplying the assigned weight by the government’s cost objective. Input these values in their respective fields.
Proceed to 'Other Factors' and input measurements for Cost Risk, Investment, Performance, and Socioeconomic Programs. Again, ensure accuracy in your percentage selections.
Finally, sum up all calculated values to determine your Total Profit/Fee Objective. Review all entries for completeness before saving or sharing your document.
Start using our platform today to streamline your form completion process for free!
Fill out hhs form 674 structured approach profit fee objective online It's free
(1) The DD Form 1547 (i) Provides a vehicle for performing the analysis necessary to develop a profit objective; and. (ii) Provides a format for summarizing profit amounts subsequently negotiated as part of the contract price.
What is the tool used by DOD to apply a structured profit fee?
The DD Form 1547, Record of Weighted Guidelines (WGL) is used in the Department of Defense when a structured approach to profit analysis is required.
What is the maximum fee for a cost-plus fixed-fee contract?
3322(b) and 41 U.S.C. 3905 : (A) For experimental, developmental, or research work performed under a cost-plus-fixed-fee contract, the fee shall not exceed 15 percent of the contracts estimated cost, excluding fee.
What is the difference between profit and fee in government contracting?
Profit: The amount realized by a contractor after the costs of performance (both direct and indirect) are deducted from the amount to be paid under the terms of the contract. Fee: The amount paid to a contractor beyond allowable costs under a COST REIMBURSEMENT CONTRACT.
What is the micro purchase threshold for HHS?
2 CFR 200.320, which increases the micro-purchase threshold to $50,000. 2 CFR 200.333, which increases the amount of fixed amount subawards that a recipient may provide with agency prior written approval to $500,000.
Security and compliance
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
What is the allowable profit margin on a government contract?
For cost-plus contracts, where the government reimburses allowable costs plus a fee, profit margins tend to be lower, often around 7-8%. Fixed-price contracts, which put more risk on the contractor, generally allow for higher marginsin the 10-13% range. Other contract types also vary in profitability.
Related links
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Factors that affect service mix, revenue mix, patient volumes and, thereby, the results of operations at our hospitals and related healthcare facilities include
Cookie consent notice
This site uses cookies to enhance site navigation and personalize your experience.
By using this site you agree to our use of cookies as described in our Privacy Notice.
You can modify your selections by visiting our Cookie and Advertising Notice.
