District of Columbia Contract with Consultant for Sales, Research and Development
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The 9 essential contract documentsThe Construction Agreement. The agreement is the most fundamental document in a construction contract bundle.General Conditions.Special Conditions.Scope of Work.Drawings.Specifications.Bill of Quantities.Construction Schedule.More items...?
Name the four basic types of construction contracts. The four basic types of construction contracts are the lump-sum contract, cost-plus-fee contract, guaranteed maximum price (GMP) contract, and unit-price contract.
(a) The COR's role is to develop proper requirements and ensure during contract administration the contractors meet the commitments of their contracts, including the timeliness and delivery of quality goods and services as required by the contract.
Progressive Design-Build or PDB). PDB. uses a qualifications-based or best value. selection, followed by a process whereby the owner then 'progresses' towards a contract price with the team (thus the term 'Progressive').
For contractors that have T&M contracts with the government, the contract often includes specific qualifications for each labor category (LCAT) that can be billed under the contract.
TINA generally applies to negotiated contracts valued above $750,000. This includes modified contracts that increase the value above $750,000 and subcontracts greater than $750,000.
The Truthful Cost or Pricing Data Act (commonly referred to by its historical name, the Truth in Negotiations Act or TINA) requires contractors to submit certified cost or pricing data if a procurement's value exceeds the specified threshold and no exceptions apply.
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.
Here are some of the most important construction documents for commercial projects:Bidding Documents.Construction Contractor Agreement.Architectural Drawings.Specifications.Bill of Quantities.Schedule.Work Orders.Subcontractor Application.More items...
The Truth in Negotiation Act (TINA) currently requires offerors to certify that accurate, current, and complete cost or pricing data was disclosed to the government for negotiated procurements valued at $750,000 or more.
