What are considered commercial items?

Commercial items include any item of a type customarily used by the general public, or by nongovernmental entities, for purposes other than governmental purposes that has been sold, leased, or licensed, or offered for sale, lease, or license to the general public (see FAR 2.101).

Is a service a commercial item?

For example, under the current definition, a service can be a commercial item offered in support of a product that is also a commercial item. Furthermore, a commercial-off-the-shelf (“COTS”) item is a subset of a commercial item, but the definition of a COTS item only includes products and not services.

Does the government finance commercial item buys?

Government financing of commercial purchases under this subpart is expected to be different from that used for non-commercial purchases under Subpart 32.1 and its related subparts. The statutes cited in 32

What is a commercial off the shelf item?

A Commercial off–the-Shelf (COTS) item is one that is sold, leased, or licensed to the general public; offered by a vendor trying to profit from it; supported and evolved by the vendor who retains the Intellectual Property (IP) rights; available in multiple, identical copies; and used without modification of the …

What determines the government’s right to audit a contractor?

Government Audit Rights Under certain circumstances, the Government has the right to audit a contractor’s price proposal prior to negotiations, as well as to audit directly pertinent records, books, and other data of the contractor at any time up to three years after final contract payment.

What is government contracting and acquisition?

The Bachelor of Arts in Government Contracting and Acquisition provides a foundation of government contracting components, federal procurement processes, and contract management by taking advantage of the Contract Management Body of Knowledge (CMBOK).

What does COTS mean in manufacturing?

Commercial off-the-shelf or commercially available off-the-shelf (COTS) products are packaged or canned (ready-made) hardware or software, which are adapted aftermarket to the needs of the purchasing organization, rather than the commissioning of custom-made, or bespoke, solutions.

Which software is usually available off the shelf?

Some examples of Commercial Off The Shelf software include the following: ERP—Enterprise Resource Planning packages. CRM—Customer Relationship Management packages. POS—Point of Sale packages.

What is the rule of two in government contracting?

The Rule of Two says that if there are two qualified and competitive small businesses expected to submit an offer between these two amounts, the contract opportunity is automatically set-aside for small business. Any contract above $150,000, according to FAR 19.

What is a DCAA assist audit?

This approach is intended to mitigate delays in audits of the prime contractor’s proposed price to the Government by having DCAA proceed based on all available information rather than waiting until the prime contractor has assembled its complete price proposal.