Laserfiche WebLink
<br />City of Sunny Isles Beach | RFP Bella Vista Park Dock Reconstruction 19-07-01 43 <br /> <br />degree of analysis is dependent on the facts surrounding the particular procurement situation, but as a <br />starting point, the non-Federal entity must make independent estimates before receiving bids or <br />proposals. <br />(b) The non-Federal entity must negotiate profit as a separate element of the price for each contract in <br />which there is no price competition and in all cases where cost analysis is performed. To establish a fair <br />and reasonable profit, consideration must be given to the complexity of the work to be performed, the <br />risk borne by the contractor, the contractor's investment, the amount of subcontracting, the quality of its <br />record of past performance, and industry profit rates in the surrounding geographical area for similar <br />work. <br />(c) Costs or prices based on estimated costs for contracts under the Federal award are allowable only to <br />the extent that costs incurred or cost estimates included in negotiated prices would be allowable for the <br />non-Federal entity under Subpart E—Cost Principles of this part. The non-Federal entity may reference its <br />own cost principles that comply with the Federal cost principles. <br />(d) The cost plus a percentage of cost and percentage of construction cost methods of contracting must <br />not be used. <br /> <br />§200.324 Federal awarding agency or pass-through entity review. <br /> <br />(a) The non-Federal entity must make available, upon request of the Federal awarding agency or pass- <br />through entity, technical specifications on proposed procurements where the Federal awarding agency or <br />pass-through entity believes such review is needed to ensure that the item or service specified is the one <br />being proposed for acquisition. This review generally will take place prior to the time the specification is <br />incorporated into a solicitation document. However, if the non-Federal entity desires to have the review <br />accomplished after a solicitation has been developed, the Federal awarding agency or pass-through entity <br />may still review the specifications, with such review usually limited to the technical aspects of the <br />proposed purchase. <br /> <br />(b) The non-Federal entity must make available upon request, for the Federal awarding agency or pass- <br />through entity pre-procurement review, procurement documents, such as requests for proposals or <br />invitations for bids, or independent cost estimates, when: <br />(1) The non-Federal entity's procurement procedures or operation fails to comply with the procurement <br />standards in this part; <br />(2) The procurement is expected to exceed the Simplified Acquisition Threshold and is to be awarded <br />without competition or only one bid or offer is received in response to a solicitation; <br />(3) The procurement, which is expected to exceed the Simplified Acquisition Threshold, specifies a “brand <br />name” product; <br />(4) The proposed contract is more than the Simplified Acquisition Threshold and is to be awarded to other <br />than the apparent low bidder under a sealed bid procurement; or <br />(5) A proposed contract modification changes the scope of a contract or increases the contract amount <br />by more than the Simplified Acquisition Threshold.