Abacus Contract Management Definitions"Facilities," as used in this subpart and when used in other than a facilities contract, means property used for production, maintenance, research, development, or testing. It includes plant equipment and real property (see 45.101). It does not include material, special test equipment, special tooling, or agency-peculiar property. "Facilities" (see 45.301). "Facilities" means plant or any portion thereof (including land integral to the operation), equipment, individually or collectively, or any other tangible capital asset, wherever located, and whether owned or leased by the contractor. "Facilities" does not include the institution's dining rooms or dormitories; and "Fees" does not include charges for meals or lodging. "Facilities capital" means the net book value of tangible capital assets and of those intangible capital assets that are subject to amortization. "Facilities capital cost of money (cost of capital committed to facilities)" is an imputed cost determined by applying a cost-of-money rate to facilities capital employed in contract performance. "Facilities contract," as used in this subpart, means a contract under which Government facilities are provided to a contractor or subcontractor by the Government for use in connection with performing one or more related contracts for supplies or services. It is used occasionally to provide special tooling or special test equipment. Facilities contracts may take any of the following forms: "Facilities project" means a Government project to provide, modernize or replace facilities for use by a contractor in performing a
Government contract or subcontract. "FACNET". See "Federal Acquisition Computer Network Architecture." "Facsimile" means electronic equipment that communicates and reproduces both printed and handwritten material. If used in conjunction with a reference to a document; e.g., facsimile bid, the terms refers to a document (in the example given, a bid) that has been transmitted to and received by the
Government via facsimile. "Facsimile bid," as used in this solicitation, means a bid, modification of a bid, or withdrawal of a bid that is transmitted to and received by the Government via electronic equipment that communicates and reproduces both printed and handwritten material. "Facsimile proposal," as used in this provision, means a proposal, revision or modification of a proposal, or withdrawal of a proposal that is transmitted to and received by the Government via facsimile machine. "Fact-Finding" is an investigation of a dispute by an impartial third person who examines the issues and facts in the case, and may issue a report and recommended settlement. "Failure to make a good faith effort to comply with the subcontracting plan" means willful or intentional failure to perform in accordance with the requirements of the subcontracting plan, or willful or intentional action to frustrate the plan. "FAIR Act." Federal Activities Inventory Reform Act of 1998 (Public Law 105-270). "Fair market price" means a price based on reasonable costs under normal competitive conditions and not on lowest possible cost (see 19.202-6). "FARSite" means the Hill Air Force Base Contracting Laboratoryweb site. "Farsite" means Microsoft Research's Federated, Available, and Reliable Storage for an Incompletely Trusted Environment (Farsite) project. "FBO." See "FedBizOpps (Federal Business Opportunities)." "FedBizOpps (www.fedbizopps.gov) has been designated as the single source for federal government procurement opportunities that exceed $25,000. "Federal Acquisition Computer Network (FACNET) Architecture" is a Governmentwide system that provides user access, employs nationally and internationally recognized data formats, and allows the electronic data interchange of acquisition information between the private sector and the Federal Government. "Federal Activities Inventory Reform Act." See "FAIR Act." "Federal agency" means any executive agency or any independent establishment in the legislative or judicial branch of the Government (except the Senate, the House of Representatives, the Architect of the Capitol, and any activities under the Architect's direction). "Federal agency" has the meaning provided such term in section 3 of the Federal Property and Administrative Services Act of 1949 (40 U.S.C. 472). "Federal agency," as used in this subpart, means an executive agency (see 2.101). "Federal agency procurement" means the acquisition (by using competitive procedures and awarding a contract) of goods or services (including construction) from non-Federal sources by a Federal agency using appropriated funds. For "broad agency announcements and small business innovation research programs, each proposal received by an agency shall constitute a separate procurement for purposes of the Act. "Federal business opportunities." See "FedBizOpps." "Federal helium supplier" means a private helium vendor that has an in-kind crude helium sales contract with the Bureau of Land Management (BLM) and that is on the BLM Amarillo Field Office's Authorized List of Federal Helium Suppliers available via the Internet at http://www.nm.blm.gov/www/amfo/amfo_home.html. "Federal Information Technology Accessibility Initiative (FITAI)," an interagency partnership organized by the General Services Administration (GSA), serves as a key government resource on access to electronic and information technology and agency compliance with Section 508. The FITAI has organized training programs on Section 508 and its effects on the procurement process. For further information, visit the FITAI web site at www.section508.gov. Questions about the Navy's implementation plan should be directed to Katherine Tracy / Hun Kim at 703-602-6722 / 604-4412. "Federal Power and Water Marketing Agency" means a Government entity that produces, manages, transports, controls, and sells electrical and water supply service to customers. "Federal Reserve Board" means the Board of Governors of the Federal Reserve System. "Federal Tort Claims Act" provides protection for Government employees while driving Government-owned vehicles in the performance of their assigned duties. "Federally Funded Research and Development Centers (FFRDC's)" means activities that are sponsored under a broad charter by a Government agency (or agencies) for the purpose of performing, analyzing, integrating, supporting, and/or managing basic or applied research and/or development, and that receive 70 percent or more of their financial support from the Government; and-- "Feed and Forage Act" allows the Military
Departments to incur obligations in excess of available appropriations for clothing, subsistence, fuel, quarters, transportation and medical supplies. This provision is codified in Section 3732 of the Revised Statutes (41 U.S.C.11.) It also authorizes incurring deficiencies for costs of additional members of the Armed Forces on active duty-beyond the number for which funds are currently provided in DoD appropriations (Title 10 U.S.C.). "Fees" does not include charges for meals or lodging. "Fees" means those applicable charges directly related to enrollment in the Contractor's institution. Unless specifically allowed in the request for services, fees shall not include- "FFRDC." See "Federally Funded Research and Development Centers." "Filed" means the complete receipt of any document by an agency before its close of business. Documents received after close of business are
considered filed as of the next day. Unless otherwise stated, the agency close of business is presumed to be 4:30 p.m., local time. "Final buy out" and "one-time buy" refer to a single contract which covers all known present and future requirements. This exception does not apply to a multiyear contract or a contract with options or phases. "Final conviction" means a conviction, whether entered on a verdict or plea, including a plea of nolo contendere, for which a sentence has been imposed. "Final cost objective" means (except for Subparts 31.3 and 31.6) a cost objective that has allocated to it both direct and indirect costs and, in the contractor's accumulation system, is one of the final accumulation points. "Final indirect cost rate" means the indirect cost rate established and agreed upon by the Government and the contractor as not subject to change. It is usually established after the close of the contractor's fiscal year (unless the parties decide upon a different period) to which it applies. For cost-reimbursement research and development contracts with educational institutions, it may be predetermined; that is, established for a future period on the basis of cost experience with similar contracts, together with supporting data. "Findings." See "Determination & Findings." "Firm" in conjunction with architect-engineer services, means any individual, partnership, corporation, association, or other legal entity permitted by law to practice the professions of architecture or engineering. "Firm-fixed-price contract" provides for a price that is not subject to any adjustment on the basis of the contractor's cost experience in performing the contract. This contract type places upon the contractor maximum risk and full responsibility for all costs and resulting profit or loss. It provides maximum incentive for the contractor to control costs and perform effectively and imposes a minimum administrative burden upon the contracting parties. "Firm-fixed-price, level-of-effort term contract" requires-- "First article" means a preproduction model, initial production sample, test sample, first lot, pilot lot, or pilot models. "First article testing" means testing and evaluating the first article for conformance with specified contract requirements before or in the initial stage of production. "First service unit" means the unit after the prototype unit but before the Low Rate Initial Production units. "Fiscal year" means the accounting period for which annual financial statements are regularly prepared, generally a period of 12 months, 52 weeks, or 53 weeks. "Fiscal year" means the fiscal year established by the contractor for accounting purposes. "FITAI." See "Federal Information Technology Accessibility Initiative (FITAI)." "Fixed-ceiling-price contract with retroactive price redetermination" provides for-- "Fixed-Price Contracts." Fixed-price types of contracts provide for a firm price or, in appropriate cases, an adjustable price. Fixed-price contracts providing for an adjustable price may include a ceiling price, a target price (including target cost), or both. Unless otherwise specified in the contract, the ceiling price or target price is subject to adjustment only by operation of contract clauses providing for equitable adjustment or other revision of the contract price under stated circumstances. The contracting officer shall use firm-fixed-price or fixed-price with economic price adjustment contracts when acquiring commercial items. "Fixed-price contract with economic price adjustment" provides for upward and downward revision of the stated contract price upon the occurrence of specified contingencies. Economic price adjustments are of three general types: "Fixed-price contract with prospective price redetermination" provides for-- "Fixed-price incentive contract" is a fixed-price contract that provides for adjusting profit and establishing the final contract price by a formula based on the relationship of final negotiated total cost to total target cost. Fixed-price incentive contracts are covered in Subpart 16.4, Incentive Contracts. See 16.403 for more complete descriptions, application, and limitations for these contracts. Prescribed clauses are found at 16.406. "Fixed-price incentive contract" is a fixed-price contract that provides for adjusting profit and establishing the final contract price by application of a formula based on the relationship of total final negotiated cost to total target cost. The final price is subject to a price ceiling, negotiated at the outset. The two forms of fixed-price incentive contracts, firm target and successive targets, are further described in 16.403-1 and 16.403-2 below. "Fixed-price incentive (firm target) contract" specifies a target cost, a target profit, a price ceiling (but not a profit ceiling or floor), and a profit adjustment formula. These elements are all negotiated at the outset. The price ceiling is the maximum that may be paid to the contractor, except for any adjustment under other contract clauses. When the contractor completes performance, the parties negotiate the final cost, and the final price is established by applying the formula. When the final cost is less than the target cost, application of the formula results in a final profit greater than the target profit; conversely, when final cost is more than target cost, application of the formula results in a final profit less than the target profit, or even a net loss. If the final negotiated cost exceeds the price ceiling, the contractor absorbs the difference as a loss. Because the profit varies inversely with the cost, this contract type provides a positive, calculable profit incentive for the contractor to control costs. "Fixed-price incentive (successive targets) contract."
(1) Fixed-price incentive (successive targets) contract specifies the following elements, all of which are negotiated at the outset: "Flight" means any flight demonstration, flight test, taxi test, or other flight made in the performance of this contract, or for the purpose of safeguarding the aircraft, or previously approved in writing by the Contracting Officer. "Flight" means any flight demonstration, flight test, taxi test, or other flight made in the performance of this contract, or for the purpose of safeguarding the aircraft, or previously approved in writing by the Contracting Officer. "Flight crew member" means the pilot, the co-pilot, and, unless otherwise provided in the Schedule, the flight engineer, navigator, and bombardier-navigator when assigned to their respective crew positions for the purpose of conducting any flight on behalf of the Contractor. If required, a defense systems operator may also be assigned as a flight crew member. "Flight crew members" means the pilot, co-pilot, and unless otherwise provided in the Schedule, the flight engineer, navigator, bombadier-navigator, and defense systems operator as required, when assigned to their respective crew positions to conduct any flight on behalf of the Contractor. "F.o.b." means free on board. This term is used in conjunction with a physical point to determine-- "F.o.b. destination" means free on board at destination; i.e., the seller or consignor delivers the goods on seller's or consignor's conveyance at destination. Unless the contract provides otherwise, the seller or consignor is responsible for the cost of shipping and risk of loss. For use in the clause at 52.247-34, see the definition at 52.247-34(a). "F.o.b. origin" means free on board at origin; i.e., the seller or consignor places the goods on the conveyance. Unless the contract provides otherwise, the buyer or consignee is responsible for the cost of shipping and risk of loss. For use in the clause at 52.247-29, see the definition at 52.247-29(a). "F.o.b." ... (For other types of F.o.b., see 47.303). "Font Size" is the size of type, measured in points between the bottom of the descender and the top of the ascender (the vertical point size of a font). Sometimes referred to as the Type or Point size. Point is a unit of measurement, often used to measure type size, equal to 0.013837 inch (approximately equal to 1/72"). "Forced or indentured child labor" means all work or service-- "Foreign carrier" means any person, partnership, association, joint-stock company, trust, governmental body, or corporation not subject to regulation by a U.S. governmental regulatory body and not doing business as a citizen of the United States, providing telecommunications services outside the territorial limits of the United States. "Foreign Comparative Testing
(FCT) Program" responds to a growing awareness of the value of using non-developmental items to accelerate the acquisition process and cut rising development costs. The principal objective of the FCT Program is to support the U.S. warfighter by leveraging non-developmental items of allied and other friendly nations to satisfy U.S. defense requirements more quickly and economically. Given a world-class foreign item, U.S. user interest in the item, a valid operational requirement, and good procurement potential, the FCT Program reduces the acquisition cycle for fielding needed systems and equipment not otherwise available. At the same time, by promoting competition and eliminating unnecessary research, development, test and evaluation expenses, the FCT Program reduces total ownership costs of military systems while enhancing standardization and interoperability, and promoting international cooperation. Authorized by Congress since 1980, the FCT Program is administered by the Director, Strategic and Tactical Systems, Office of the Under Secretary
of Defense (Acquisition, Technology and Logistics). "Foreign concern" means any concern other than a domestic concern. "Foreign construction material" means a construction material other than a domestic construction material. "Foreign contractor" means a contractor or subcontractor organized or existing under the laws of a country other than the United States. "Foreign end product" means an end product other than a domestic end product. "Foreign firm," and "U.S. firm" have the meanings given in the provision at 252.225-7018, Notice of Prohibition of Certain Contracts with Foreign Entities for the Conduct of Ballistic Missile Defense RDT&E. "Foreign firm" means a business entity owned or controlled by one or more foreign nationals or a business entity in which more than 50 percent of the stock is owned or controlled by one or more foreign nationals. "Foreign flag vessel" means any vessel that is not a U.S. flag vessel. "Foreign-flag vessel" means any vessel of foreign registry including vessels owned by U.S. citizens but registered in a nation other than the United States. "Foreign government" includes the state and the government of any country (other than the United States and its possessions and trust territories) as well as any political subdivision, agency, or instrumentality thereof. "Foreign offer" means any offer other than a domestic offer. "Foreign person" means any person other than a United States person as defined in Section 16(2) of the Export Administration Act of 1979 (50 U.S.C. App. Sec 2415). "Forging items" means- "Form, fit, and function data" means technical data that describes the required overall physical, functional, and performance characteristics (along with the qualification requirements, if applicable) of an item, component, or process to the extent necessary to permit identification of physically and functionally interchangeable items. "Form, fit, and function data" means data relating to items, components, processes that are sufficient to enable physical and functional interchangeability, as well as data identifying source, size, configuration, mating and attachment characteristics, functional characteristics, and performance requirements; except that for computer software it means data identifying source, functional characteristics, and performance requirements, but specifically excludes the source code, algorithm, process, formulae, and flow charts of the software. "Forward pricing rate agreement" means a written agreement negotiated between a contractor and the Government to make certain rates available during a specified period for use in pricing contracts or modifications. These rates represent reasonable projections of specific costs that are not easily estimated for, identified with, or generated by a specific contract, contract end item, or task. These projections may include rates for such things as labor, indirect costs, material obsolescence and usage, spare parts provisioning, and material handling. "Forward pricing rate recommendation" means a rate set unilaterally by the administrative contracting officer for use by the Government in negotiations or other contract actions when forward pricing rate agreement negotiations have not been completed or when the contractor will not agree to a forward pricing rate agreement. "Franchise territory" means a geographical area that a utility supplier has a right to serve based upon a franchise, a certificate of public convenience and necessity, or other legal means. "Fraud," as used in this subsection, means-- "Free Trade Area of the Americas (FTAA)" agreement would eliminate tariffs and create common trade and investment rules among the 34 democratic nations of the Western Hemisphere (Antigua and Barbuda, Argentina, the Bahamas, Barbados, Belize, Bolivia, Brazil, Canada, Colombia, Chile, Costa Rica, Dominica, the Dominican Republic, Ecuador, El Salvador, Grenada, Guatemala, Guyana, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Paraguay, Peru, St. Kitts and Nevis, St. Lucia, St. Vincent and the Grenadines, Suriname, Trinidad and Tobago, the United States, Uruguay, and Venezuela). "Freedom of Information Act" implementation is in DoDD 5400.7, DoD Freedom of Information Act Program, and DoD 5400.7-R, DoD Freedom of Information Act Program. "Freight" means supplies, goods, and transportable property. "FSU." See First Service Unit. "FTAA." See Free Trade Area of the Americas. "Full and open competition," when used with respect to a contract action, means that all responsible sources are permitted to compete. "Full Service Contractor" is a term that has come into use to describe the contractor who is responsible for all requirements of the Contract. It denotes one contractor who is responsible to provide all necessary supplies or services. For example, if we want several different units from different sources, we would award to a Full Service Contractor who would then be responsible for providing whatever supplies (parts, etc.) or service were necessary, regardless of the Original Equipment Manufacturer (OEM) of the system components. For shipbuilding, it would include a shipbuilder who was responsible for ship detail design, ship systems integration, construction, testing, logistics, and life cycle support planning. "Funded pension cost" means the portion of pension cost for a current or prior cost accounting period that has been paid to a funding agency. "Future contract savings." See "Acquisition Savings." "Future unit cost reduction" means the instant unit cost reduction adjusted as the contracting officer considers necessary for projected learning or changes in quantity during the sharing period. It is calculated at the time the VECP is accepted and applies either-- "Future years defense program (FYDP)" is a massive DoD database which summarizes forces and resources associated with programs approved by the Secretary of Defense (SECDEF). Its three parts are the organizations affected, appropriations accounts (research, development, test, and evaluation (RDT&E), operation and maintenance (O&M), etc.), and the 11 major force programs (strategic forces, mobility forces, R & D, etc.). The primary data element in the FYDP is the Program Element (PE). The FYDP is updated three times during a Planning, Programming, and Budgeting System (PPBS) cycle: submission of the Program Objectives Memorandum (POM) (usually late May or early
June), submission of the Budget Estimate Submission (BES) (usually mid-September), and submission of the President's Budget (PB) (early February the year following). "FY." See "Fiscal year." "FYDP." See "Future years defense program." Need a definition? Clarification? Suggest a new term or definition? |