the bond act requires federal prime contractors to obtain performance bonds and payment binds based on...

the bond act requires federal prime contractors to obtain performance bonds and payment binds based on the contract price. please select true or false

Expert Solution

Solution:

In the federal sector, large prime contractors need to supplement their current business intelligence with new information regarding competition and federal contract awards, in real time. Using Fedmine contractors can receive real-time alerts on contracts awarded to their competition, protests filed by or against a vendor, task order modifications issued, funding de-obligations and even debarments for companies you track within Fedmine! And what's more, you can even track all your subcontractors and see who else they are subbing to. Fedmine gives large prime contractors, systems integrators, and channel vendors the competitive intelligence and supporting federal data for identifying partnering opportunities with small business prime contractors in closely aligned niche markets.

Performance bonds.

(a) Performance bonds may be required for contracts exceeding the simplified acquisition threshold when necessary to protect the Government’s interest. The following situations may warrant a performance bond:
1. (1) Government property or funds are to be provided to the contractor for use in performing the contract or as partial compensation (as in retention of salvaged material).
2. (2) A contractor sells assets to or merges with another concern, and the Government, after recognizing the latter concern as the successor in interest, desires assurance that it is financially capable.
3. (3) Substantial progress payments are made before delivery of end items starts.
4. (4) Contracts are for dismantling, demolition, or removal of improvements.
(b) The Government may require additional performance bond protection when a contract price is increased.
(c) The contracting officer must determine the contractor’s responsibility even though a bond has been or can be obtained.

Payment bonds.

(a) A payment bond is required only when a performance bond is required, and if the use of payment bond is in the Government’s interest.
(b) When a contract price is increased, the Government may require additional bond protection in an amount adequate to protect suppliers of labor and material.

jeff jeffy answered 3 months ago

Enacted in 1998, the Children’s Online Privacy Protection Act requires firms to obtain parental consent before...

Enacted in 1998, the Children’s Online Privacy Protection Act requires firms to obtain parental consent before tracking the information and the online movement of children; however, the act applies to those children ages 12 and under. Teenagers are often oblivious to the consequences of sharing their lives online. Data reapers create huge libraries of digital profiles and sell these profiles to advertisers, who use it to detect trends and micro-target their ads back to teens. For example, a teen searching...

1. Bond investors are likely to hold the view that the government guarantee on Federal bonds...

1. Bond investors are likely to hold the view that the government guarantee on Federal bonds means that the investor will get his investment back. He’s right about the assumption that the U.S. Treasury is extremely unlikely to default on their payments and therefore repayments carry close to 0 risks. But can we say the same when it comes to interest-rate and inflation risk? Explain fully.

Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of the bond discount or premium.

Question: Schmidt Company issued $100,000, 4%, 10-year bonds payable at 98 on January 1, 2018. 6. Journalize the issuance of the bonds payable on January 1, 2018. 7. Journalize the payment of semiannual interest and amortization of the bond discount or premium (using the straight-line amortization method) on July 1, 2018. 8. Assume the bonds payable was instead issued at 106. Journalize the issuance of the bonds payable and the payment of the first semiannual interest and amortization of...

Armed with your basic understanding of bonds and bond markets, your task is, mostly based on...

Armed with your basic understanding of bonds and bond markets, your task is, mostly based on external research (outside your book and the material provided in this class) to explain what is the best bond investment strategy going forward, considering the recent large macro event, which is the end of QE and an expected rise in interest rates (accelerated post Trump election win). Keep in mind that you can't simply say I would invest in bonds or I will not...

To safeguard the privacy of medical information, the Federal Health Insurance Portability and Accountability Act (HIPAA) requires certain measures to be take to ensure the privacy of patient information

To safeguard the privacy of medical information, the Federal Health Insurance Portability and Accountability Act (HIPAA) requires certain measures to be take to ensure the privacy of patient information. Suppose an insurance company holds such information on its insureds: all the records are encrypted and held in a database running on a dedicated server. When someone (a company employee, or an insured via a web interface) asks to see a record, that information is retrieved from the database server, decrypted,...

Bonds are long-term debt obligations primarily issued by governments and corporations. Bond pricing is based upon...

Bonds are long-term debt obligations primarily issued by governments and corporations. Bond pricing is based upon the present value of the future cash flows generated by the bonds. This includes periodic interest and principal repayment. The discount rate applied to the bond reflects the investor’s required rate of return Prompt: Bonds are long-term debt obligations primarily issued by governments and corporations. Bond pricing is based upon the present value of the future cash flows generated by the bonds. This includes...

Question