- 1 Why is past performance an important consideration when evaluating offers?
- 2 When should past performance information be provided to the contractor?
- 3 What two elements must be evaluated when considering past performance?
- 4 What is past performance data?
- 5 What are the only exceptions to final acceptance?
- 6 Who establishes the competitive range?
- 7 What are the Cpars categories?
- 8 How do you assess contractor performance?
- 9 What is the threshold for Cpars?
- 10 What type of modification is used to make an administrative change to a contract?
- 11 Is past performance a mandatory evaluation factor?
- 12 Will the government be required to evaluate past performance as part of the source selection?
- 13 Does past performance predict future performance?
- 14 What is past performance facility?
- 15 What is historical performance of a company?
Why is past performance an important consideration when evaluating offers?
The use of past performance as a major evaluation factor in the contract award process is instrumental in making “best value” selections. It enables agencies to better predict the quality of, and customer satisfaction with, future work.
When should past performance information be provided to the contractor?
Contractors shall be afforded up to 14 calendar days from the date of notification of availability of the past performance evaluation to submit comments, rebutting statements, or additional information.
What two elements must be evaluated when considering past performance?
These factors typically must include price and past performance. However, other factors may be considered, and procuring agencies determine the weight given to various factors.
What is past performance data?
Past performance information is relevant information regarding a contractor’s actions. under previously awarded contracts. It includes: • The contractor’s record of conforming to specifications and to standards of. good workmanship.
What are the only exceptions to final acceptance?
The FAR Inspection of Construction clause states that “Acceptance shall be final and conclusive except for latent defects, fraud, gross mistakes amounting to fraud, or the government’s right under any warranty or guarantee.”
Who establishes the competitive range?
Based on the ratings of each proposal against all evaluation criteria, the contracting officer shall establish a competitive range comprised of all of the most highly rated proposals, unless the range is further reduced for purposes of efficiency pursuant to paragraph (c)(2) of this section.
What are the Cpars categories?
This is a brief summary of each rating level:
- Exceptional. Performance must exceed several contractual requirements to the government’s benefit—or have a single, exceptionally significant benefit.
- Very Good. Performance should meet requirements and exceed them in some areas.
How do you assess contractor performance?
The evaluation data that can be included in a Contractor Performance Assessment Report includes:
- Cost Performance Reports.
- Customer comments.
- Quality reviews.
- Technical interchange meetings.
- Financial solvency assessment.
- Construction/production management reviews.
- Contractor operations reviews.
What is the threshold for Cpars?
The contracts tracked in CPARS must be prime contracts and fall above the Simplified Acquisition Threshold (now $250,000 base plus option years ).
What type of modification is used to make an administrative change to a contract?
(2) Unilateral modifications (signed only by the contracting officer) are used to make administrative changes, issue change orders or termination notices, or make changes authorized by clauses other than the Changes Clause, such as option clause, property clause, suspension of work clause, changing government furnished
Is past performance a mandatory evaluation factor?
With procurements whose value exceeds the simplified acquisition threshold, agencies must consider past performance unless the contracting officer documents why past performance is not an appropriate evaluation factor for the acquisition.
Will the government be required to evaluate past performance as part of the source selection?
(i) Price or cost to the Government shall be evaluated in every source selection (10 U.S.C. 2305(a)(3)(A)(ii)and 41 U.S.C. (iii) Past performance need not be evaluated if the contracting officer documents the reason past performance is not an appropriate evaluation factor for the acquisition.
Does past performance predict future performance?
Carhart’s classic analysis, titled “On Persistence in Mutual Fund Performance,” called into question the standard disclaimer that past performance is not indicative of future results, concluding that a fund’s performance in the past year does in fact help predict how the fund will fare in the year ahead.
What is past performance facility?
AD banks should permit their clients to use the past performance facility only after satisfying themselves that the following conditions are complied with: For an exporter customer to be eligible for this facility, the aggregate of overdue bills shall not exceed 10 per cent of the turnover.
What is historical performance of a company?
Historical performance shows how an asset (stock, bond, ETF) has performed in the past. You can’t use historical performance to predict the future.