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A COTR must be designated by a Contracting Officer (CO). The CO has the actual authority to enter into, administer, and/or terminate contracts and make related determinations and findings. Other terms for COTR include Contracting Officer's Representative (COR) and Project Officer (PO).

What is Certified Cost or Pricing Data subsequently found to have been inaccurate, incomplete, or noncurrent known as? Defective Pricing

Cost Certification means a certification of the Company, as of a specified date, setting forth in reasonable detail the costs incurred and, if appropriate, to be incurred by the Company in completing the provision of the Project, including a detail by category of all Allowable Innovation Costs.

The Benefits of WBE Certification:Access to opportunities, such as large corporations and federal agencies.Training and educational programs exclusive to WOSB.Networking opportunities.Connect directly with buyers looking meet their 5% subcontracting federal goals.Access to leads for bids and proposals.More items...

Some small business groups require formal certifications in order to receive the benefits of their specific small business program for purpose of federal procurement.

The COR has an important role in the administration and technical oversight of contracts. Typically, the COR has a central and key responsibility for monitoring and managing contract operation and performance.

An Economically Disadvantaged Women-Owned Small Business (EDWOSB) is a small business concern that is at least 51 percent directly and unconditionally owned and controlled by one or more women who are citizens (born or naturalized) of the United States and who are economically disadvantaged.