(ii) A small business owner agrees with one or more other small businesses to act as subcontractors under a particular government contract. There is an association agreement between the supplier and its small business subcontractors through a written agreement between the parties that the overtime bonus means the difference between the contractor`s regular rate of pay for an employee for the shift in question and the higher rate for overtime. The shift premium is not included, i.e. the difference between the contractor`s regular wage rate for an employee and the higher rate for shiftwork outside the salary. An organizational conflict of interest means that due to other activities or relationships with others, a person is unable or may not be able to provide impartial support or advice to the government, or that the person`s objectivity in performing contract work is or may otherwise be compromised or that a person has an unfair competitive advantage. Certified cost or price data is „cost or price data“ that had to be submitted in accordance with FAR 15.403-4 and 15.403-5 and that has been or is to be certified in accordance with 15.406-2. This certification indicates that the cost or price data is correct, complete and up-to-date to the best of the person`s knowledge and belief at a certain time before the contract is awarded. Cost or price data must be certified in certain government procurement (10 U.S.C. 2306a and 41 U.S.C. Chapter 35). Small Business Subcontractor means a business that does not exceed the size standard for the North American Industry Classification System code that the prime contractor best describes for the product or service purchased from the subcontractor. Residual value means proceeds, less the removal and disposal costs that are incurred upon the sale of a tangible capital asset. It is generally measured in relation to the net proceeds of the sale or other disposal of the asset or its fair value when the asset is traded against another asset.
The estimated residual value is an up-to-date forecast of the residual value. (4) Institutions under a management and operation contract, e.B. for the operation, maintenance or support of a government- or state-controlled research, development, special production or testing facility. (1) Means an invitation to fulfill a single order, multiple order, order or supply order. The powers of a company are limited by its protocol of association, beyond which it can do nothing. Because contracts that are ultra vires of the object of the company are without commitment. Nor can such contracts be ratified by resolution at the general meeting of shareholders. The terminated part of the contract means the part of a contract that the Contractor is not required to perform after partial termination. Manufacturing contracts that have been terminated in full for convenience are the entire contract, regardless of the completion and payment of individual work prior to termination.
On the other hand, the parties enter into a contract that involves the sale of dice to a well-known dealer in a state where gambling is illegal. The contract would not be considered void, since the act of selling dice in itself is not illegal. Partial termination means the termination of some, but not all, of the work that has not been entered into and accepted under a contract. 3. The parties also note that this redundant certification has proved to be excessively onerous for minority-owned companies that intend to benefit from the underlying purchase incentives. (1) The Contractor has entered into SAM all mandatory information, including the entity`s unique identifier and electronic money transfer indicator (if any), the Commercial and Governmental Entity Code (CAGE) and the data required under the Federal Law on Accountability and Transparency of Funding 2006 (see subsection 4.14); Recovered materials refer to waste and by-products that are recovered or diverted from solid waste, but the term does not include materials and by-products that come from an original manufacturing process and are generally reused in an original manufacturing process. For use in subsection 11.3 for paper and paper products, see the definition in section 11.301. (2) Annual declarations and certifications submitted by potential contractors in accordance with subsection 4.12 of the FAR; and exclusive acquisition of sources means a contract for the purchase of supplies or services that is or is to be entered into by an agency after obtaining and negotiating with a single source. .