Posted: August 26th, 2016

What is the significance of the stock?

19, 1999. The contracting officer issued a unilateral change converting the outer shall material from GFM to CFM. At that time, Conrad indicated that a 3-4 weeks of uncut GFM inventory remained and projected a 5 to 6 week lead time for receipt of the CFM.
January 5, 2000. Conrad submitted a request for equitable adjustment (See attached file for data)
February 1, 2000. The Contracting Officer requested assistance from the ACO cognizant auditor and technical personnel.
February 28, 2000. Technical personnel found that:
– Conrad purchased a reasonable amount of material.
– The proposed Material Overhead was excessive for the effort involved, issuing and administering a single purchase order. Estimated actual cost was $250.
February 28, 2000. The cognizant auditor did not question any of the proposed cost. The auditor did comment that the proposed indirect rates complied with the current Forward Pricing Rate Agreement (FPRA)
March 5, 2000. The contracting officer developed a negotiation position based on the audit and technical reports. (See attached file for data)
March 31, 2000. After weeks of negotiation, the contracting officer and the contractor could not reach agreement on an equitable adjustment. The major areas of difference were Material Overhead and Profit. As a result, the contractor submitted a claim seeking payment under the disputes clause of the contract. (See attached file for data)
The Conrad Corporation is a clothing manufacturer that won a sealed-bid contract to produce uniforms for the Government. Now several months later, Conrad has submitted a claim related to the Government’s failure to provide Government Furnished Material (GFM). The following paragraphs outline contract events related to the claim:

Expert paper writers are just a few clicks away

Place an order in 3 easy steps. Takes less than 5 mins.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Live Chat+1-631-333-0101EmailWhatsApp