Exam (elaborations)
CON 3990V STUDY QUESTIONS VI WITH VERIFIED ANSWERS
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CON 3990V STUDY QUESTIONS VI WITH VERIFIED ANSWERS...
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What is a bilateral modification?It is a contract modification signed by both the contractor and the Contracting
Officer.
Bilateral adjustments are used to—
(1) Make negotiated equitable adjustments following the issue of a change
order;
(2) Clearly define letter contracts;
(3) Reflect additional agreements between the parties that affect the terms of
contracts.
What is a unilateral modification?
A unilateral modification is a contract modification signed only by the
contracting officer.
Unilateral adjustments are used, for example, to—
(1) Implement administrative adjustments.
(2) Issue change orders.
(3) Make modifications authorised by clauses other than the changes clause
(e.g., Property clause, Options clause, or Suspension of Work clause); and
(4) Issue termination notices.
Read more.
Definitization
, It refers to the agreement on, or decision of, contract terms, specifications, and
price, which transforms the undefinitized contract action into a definitive
contract.
Definitization is the process of converting an initial contract, also known as a
"letter contract," into a firm-fixed-price or other specific type of contract.
It entails the negotiation and establishment of clear and detailed contract terms,
pricing, and specifications.
Definitization often occurs after the government and contractor have obtained
additional information, defined the scope of work, and addressed any
unresolved difficulties.
When the contract is finalised, it becomes legally binding and establishes a clear
agreement for the products or services to be given.
Undefined contraction actions (UCA).
UCA are contract activities for which the terms, specifications, or price have not
been agreed upon prior to performance. Letter contracts, Basic Ordering
Agreements (BOA), and provisioned item orders are all examples of contracts
where the price is not agreed upon before performance begins.
Undefinitization is the initial stage of a contract in which the government and
contractor have not yet agreed on all of the terms, specifications, or prices.
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