Contract Ceiling

4 where the estimate of the total value of a proposed 8 a contract is less than the applicable competitive threshold amount and the requirement is accepted as a sole source requirement on that basis award may be made even though the contract price arrived at through negotiations exceeds the competitive threshold provided that the contract price is not more than ten percent greater than.

Contract ceiling. Government wide acquisition contracts gwac and multi agency contracts mac. We re only in option year 1 and close to reaching ceiling. What is the process for increasing ceiling besides doing a modification.

518 and other prior inconsistent decisions are modified accordingly. Enter the appropriate percentage price increase ceiling considering the length of contract performance index volatility and ratio of the cost covered by this clause to the total contract price. Wright patterson air force base ohio afns in an effort to field mq 9 reapers faster and meet an increasing operational demand for the aircraft the air force life cycle management center s mq 9 program office awarded a 7 4 billion ceiling agile reaper enterprise solution ares contract to general atomics sept.

The mq 9 is an unmanned aircraft with intelligence surveillance. Existing idiq contracts should be considered prior to establishing a new agency specific single or multiple award idiq vehicle. Our office issued a multiple award id iq contract a couple of years ago to 10 contractors.

This contract type permits contracting for efforts that might otherwise present too great a risk to contractors but it provides the contractor only a minimum incentive to control costs. It was a base period with 4 option years and had a specified ceiling. Any percentage over 10 percent requires approval by the chief of the contracting office.

Definition of contract ceiling. 1 a cost plus fixed fee contract is suitable for use when the conditions of 16 301 2 are present and for example. Unless otherwise specified in the contract the ceiling price or target price is subject to adjustment only by operation of contract clauses providing for equitable adjustment or other revision of the contract price under stated circumstances.

Sum established during contract negotiations beyond which the principal client or project owner has no obligation to pay.