the service contract act was enacted to protect economies in the geographical areas

. I'll update the main post. RECOGNIZE HOW THE COR'S RESPONSIBILITY FOR PROVIDING COST ESTIMATES ASSIST KOS IN NEGOTIATING PROPOSED CHANGES IN SCOPE OF WORK UNDER THE CONTRACT:During negotiations for a proposed change to the contract, the COR may be asked to: . A widely accepted industry best practice for project management used across the Department of Defense, the Federal Government and the commercial sector. Is your Company Required to Comply with the SCA? . In addition to wage and fringe benefit entitlements, employees have a right to work in a safe environment free of danger and unhealthy conditions. To answer this, it must first be determined if the contract is one covered by the Service Contracts Act. true. RECOGNIZE THE ROLE OF THE COR IN THE OVERALL STRATEGIC PLANNING OF AN ACQUISITION:The existing contract, including all options, is about to end. Cost Reimbursement, IDENTIFY MAJOR REQUIREMENTS FOR TIMELY INVOICE REVIEW AND PAYMENTS: DISCUSS THE INVOICE POLICY AND PROCESS OF FAR PART 32.9:Under the Prompt Payment clause, unless specifically prohibited by the contract, the contractor is entitled to payment for accepted partial deliveries of supplies or partial performance of services that comply with all applicable contract requirements and for which prices can be calculated from the contract terms. . at the end of the contract the COR files should be kept by the COR until the end of the period x 3 years ? . Kosovo currently ranks 57 out of 190 economies surveyed and was recognized as one of the top 20 most improved economies in the world. GAO has recommended that Congress amend the Act to make it clear that the act excluded coverage for ADP and other high-technology commercial product-support services. (4) Advisory and assistance services. Monies are withheld or deducted for contract noncompliance, DEFINE THE ROLE AND AUTHORITY OF CORS REGARDING PAST PERFORMANCE:Only negative past performance data should be documented by the COR. The Federal Trade Commission stipulates that environmental claims should be: Specific. x Contracting Officer. . . false. An auto service contract is a contract to perform (or pay for . . What should the COR look for in the contract that protects the government's best interest, i.e. For prime contracts exceeding $2,500, contractors and subcontractors performing work are required to pay their employees at least at the wage rate and with the benefits of private employers in the locality at which the work is being performed. IDENTIFY HOW A COR REPORTS SUSPECTED INCIDENTS OF FRAUD, WASTE AND ABUSE AND UNETHICAL CONDUCT:What guidelines should Contracting Officer's Representatives following to ensure they are following ethical standards? Most service contracts are outside of the specified group of eligible contracts. Ask your question! For loans covered under TILA, you have a right of rescission, which allows you three days to reconsider your decision and back out of the loan process . You did a complete visual inspection and tested the unit. Which of the following statements is true regarding this duty? The customer likes the work of the incumbent contractor and has expressed a desire to have the new contract be awarded to that incumbent contractor. For prime contracts in excess of $100,000, contractors and subcontractors must also, under the provisions of the Contract Work Hours and Safety Standards Act, as amended, pay . all of these are correct, IDENTIFY THE VARIOUS METHODS OF CONTRACTING FOR A SUPPLY OR SERVICE:Some methods of contracting require more time than others. the rights of performers, producers of sound recordings and broadcasting organizations); trademarks including service marks; geographical indications including appellations of origin; industrial designs; patents including the protection of new varieties of plants; the layout-designs of integrated circuits . . paying for the housing of the 200 soldiers? Congress enacted and amended the SCA to ensure that service contract workers earn no less than local market pay and benefits; narrow the compensation gap between direct federal employees and lower-paid contracted employees; and prevent the government from undercutting unionized workers' right to negotiate a better deal. Procurement Integrity Act, LIST THE REQUIREMENTS FOR PREPARING A STATEMENT OF WORK OR STATEMENT OF OBJECTIVES:A properly written Statement of Work will (select all that apply): . . . 36 of 1966 Enacted by Parliament of South Africa Assented to 5 October 1966 Commenced 26 October 1966 Repealed 30 June 1991 Keep an 'arm's length' relationship with contractor personnel, Considerations for choosing an appropriate quality assurance surveillance method for a service contract include: x risk, complexity and timeline, DEFINE THE MAJOR ACTIONS REQUIRED TO EVALUATE THE CONTRACTOR?S ENGINEERING EFFORTS AND MANAGEMENT SYSTEMS:The ANSI/EIA 32 management system guidelines include (Select all that apply): x selected Change Management // Scheduling X selected Change Management // Scheduling // Organizing, A: scheduling, organizing, managerial analysis. . Truthful, and; backed up with evidence, such as official. Covered service employees must receive wages no less than the minimum wage, and for contracts exceeding $2,500, the minimum wages and fringe benefits must be based on rates that the Department of Labor determines as prevailing for service employees in the locality. Service contract actissues regulations, orders, conducting hearings, deciding disputes, etc. On Modul 5 question 2 :The cor is responsible for communications with the _____ . A Contracting Officer may ratify an unauthorized commitment if the Government received a benefit, prices were determined to be fair and reasonable, and legal counsel concurs. True, When working with contractor personnel on a non-personal services contract, the COR should: . If department of labor fails in enforcing the Service contract act, it would lead to loss of wages and security benefits of millions of workers. in 1936 Congress passed the Walsh-Healey Public Contracts Act, which set special minimum wage requirements for manufactured goods in excess of $10,000. . The department of Labor is responsible for the enforcement of the Service contract act. Adjustments to wages and contract prices and costs. Be careful. B). Consumer Protection Law and Environmental claims. Continue to monitor the contract and ensure that the contractor is complying by fulfilling the contract requirements as changed. 15-10-101. . This sub contains answers for them. The specified rate of fringe benefits, or value of contributions made to a health plan are not included in wages for purposes of calculating overtime rates under the Fair Labor Standards Act (FLSA). The two notices may be used sequentially or, depending on the time left in performance, only a single notice might be used. . Only the top 5 percent of lawyers are accepted into our marketplace and are waiting to help you with your legal needs. IDENTIFY HOW A COR DEALS WITH NON COMPLIANCE OR POOR PERFORMANCE:When dealing with non-compliance, what is the most preferred solution? In this chapter: (1) Compensation.The term "compensation" means any of the payments or fringe benefits described in section 6703 of this title. Help can't find the answer to this question. This meant that a farmer could expel the entire tenant family if any one member defaulted on his or her labour obligation. IDENTIFY HOW POTENTIAL ORGANIZATIONAL CONFLICTS OF INTEREST CAN AFFECT CONTRACT MANAGEMENT:There are numerous statutory and regulatory prohibitions on the conduct of procurement personnel acting in an official capacity. One of the example of product registered under GI is Basmati Rice. Audience reach 3. x 6 years ? The COR can assist in acquisition planning and writing the evaluation criteria to ensure the best contractor is selected for the new contract. First passed in 1976, the MSA fosters the long-term biological and economic sustainability of marine fisheries. Service contract actissues regulations, orders, conducting hearings, deciding Computer Graphics and Multimedia Applications, Investment Analysis and Portfolio Management, Supply Chain Management / Operations Management. The cor is responsible for communications with the, Its not Contracting officer, contractor, and subcontractors. DISTINGUISH BETWEEN PERSONAL AND NON-PERSONAL SERVICES AND ACT ACCORDINGLY WHEN WORKING WITH CONTRACTOR PERSONNEL:When working with contractor personnel on a non-personal services contract, the COR should: x Rate individual contractor employee performance, DEFINE EVM AND COST PERFORMANCE REPORTING:An Earned Value Management system that is formally validated and accepted by the cognizant contracting officer is required on cost or incentive contracts valued at or greater than ____. . As the requirement to be in compliance with the SCA are very detailed, the Secretary of Labor, through the Wage and Hour Division of the Employment Standards Administration, provides assistance to contractors to learn and navigate the SCA. . The Occupational Safety and Health Administration (OSHA) is a federal agency tasked with inspecting and enforcing workplace safety. DD250 or Wide Area Workflow, DESCRIBE A COR'S RESPONSIBILITIES IN INSPECDESCRIBE A COR?S RESPONSIBILITIES IN INSPECTING AND ACCEPTING SUPPLIES AND SERVICES: GIVEN A SCENARIO, LIST ACTIONS THAT MUST BE TAKEN TO CLOSE OUT A CONTRACT:Past performance assessments may include inputs from the (select all that apply): x all x legal counsel // contracting officer x contracting officer // contracting officer's representative, DESCRIBE A COR'S RESPONSIBILITIES IN INSPECTING AND ACCEPTING SUPPLIES AND SERVICES: GIVEN A SCENARIO, LIST ACTIONS THAT MUST BE TAKEN TO CLOSE OUT A CONTRACT: Only the government input is recorded on past performance in the Contractor Performance Assessment Record System. true. DESCRIBE A COR'S RESPONSIBILITIES IN INSPECTING AND ACCEPTING SUPPLIES AND SERVICES: LIST THE EXCEPTIONS TO FINAL ACCEPTANCE:Once the Government Representative has executed final acceptance of any supplies or services there is no legal recourse for the Government for non-conforming items. Molasses Act, (1733), in American colonial history, a British law that imposed a tax on molasses, sugar, and rum imported from non-British foreign colonies into the North American colonies. Published: Nov 19, 1980. The Magnuson-Stevens Fishery Conservation and Management Act is the primary law that governs marine fisheries management in U.S. federal waters. Extended Warranties and Service Contracts. x Copies of acceptance documents and invoices, the contract and modifications, performance reports and assessments, correspondence to/from contracting officer and contractor. Choose the true statement from the following: . Covered service employees must receive wages no less than the minimum wage, and for contracts exceeding $2,500, the minimum wages and fringe benefits must be based on rates that the Department of Labor determines as prevailing for service employees in the locality. Which of the following is TRUE regarding requirements development and documentation? One provision of the final regulation, 48 CFR 12.504 (a) (10), provided that the requirements of the McNamara-O'Hara Service Contract Act (SCA) are not applicable to subcontracts at any tier for the acquisition of commercial items or services. October 20, 1998: President Clinton signed the Gallatin Land Consolidation Act of 1998 (H.R. If your product has a specific geographical origin and a reputation - a given quality or other characteristics of a product essentially attributable to it - you can protect it with a geographical indication (GI). This knowledge helps the COR track contractor performance and ensure contractor compliance with the contract as written. . Under wage determinations, the required pay will be determined by the place where the contract will be performed. Basic Provisions/Requirements of McNamara-O'Hara Service Contract Act, 4. . The legislation, part of the Clinton-Gore Administration's goal of restoring and protecting the greater Yellowstone ecosystem, directed the transfer of certain lands and other assets in Montana to the Big Sky Lumber Company in exchange for a significantly larger amount of land to be included in . . The service contract act was enacted to protect economies in the geographical areas where the contract is performed. These regulations involve various matters from procedure to compensation and safety standards, all of which can be found in various parts of Title 29 of the Code of Federal Regulations. An Earned Value Management system that is formally validated andaccepted by the cognizant contracting officer is required on cost orincentive contracts valued at or greater than: Create an account to follow your favorite communities and start taking part in conversations. Insure compliance by all subcontractors and include an, Department of Labors wage determinations or collective bargaining agreements. The COR should have checked the contract, its deadlines, and whether the work can be accomplished or not. The SCA has additional reporting requirements regarding fringe benefits. Compliance Assistance Available under McNamara-O'Hara Service Contract Act. . What steps must be taken for the Contracting Officer to modify the contract? The Department of Labor may request reports on the costs of employee pay and benefit per contract so the contractor should keep meticulous records tracking this information to that it is readily produced when requested. Requirements to be written in a manner that promotes full and open competition in order to obtain maximum competition in obtaining the agency's needs. . Pending such action, GAO recommended that Labor temporarily exempt from the act's coverage contracts and contract specifications for such services. . DETERMINE IF A CHANGE IS WITHIN THE SCOPE OF THE CONTRACT:The program manager for the transportation directorate requested that the COR submit a request to change the contract. Travel costs for specific travel identified in the contract, using Joint Travel Regulation rates. The geopolitical economy of the 'new state capitalism', then, far from generating autarchy, is instead 'characterized by geopolitical-economic competition to integrate territory' into respective spheres of influence via connective infrastructure and logistics networks (Schindler et al. This Administration functions pursuant to assignment by the Secretary of Labor in accordance with the Service Contract Labor Standards Act. The government may also sue the contractor to recover the costs of underpayments and the contractor may be barred from being awarded any future service contracts for a period not exceeding three years. The statutory provisions creating the Contract Work Hours and Safety Standards Act ("CWHSSA"), the federal contractor overtime law governing blue-collar service and construction work, specifically provided for an exemption from coverage for "contract work performed in a work place within a foreign country or certain other areas." The purpose of Earned Value Management system is to provide the contractor and government project managers with accurate data to monitor execution of their program. Davis-Bacon Act. 423 ? false, LIST THE CONTENTS OF A QUALITY ASSURANCE SURVEILLANCE PLAN (QASP)/ PERFORMANCE ASSESSMENT PLAN (PAP):The Quality Assurance Surveillance Plan identifies ALL work requiring surveillance and the method of surveillance: . Press J to jump to the feed. We have found that a thorough consideration of the SCA's requirements at the pre-award stage can help prevent troubles during contract performance. DATE OF ASSENT: 31st December, 2003. Republic Act (RA) No. false, DESCRIBE THE DUTIES OF THE COR AS OUTLINED IN THE DESIGNATION/APPOINTMENT LETTER: Regarding the COR's key duties, choose the correct statement from the following: . The two notices may be used sequentially or, depending on the time left in performance, only a single notice might be used. Review the wage determination and occupational directory published by the Department of Labor to match employees by job category. . Labor's decision would eventually increase the administrative burdens and operating cost of each corporation and hinder employee productivity and morale by disrupting merit pay systems and staff assignment practices. To the extent this payment is made, the employers obligations to provide these benefits are met. . The contractor personnel must provide certification that they have been trained on the proper use and care for the property. ANALYZE THE INSPECTION CLAUSES FOR FIXED TYPE AND COST REIMBURSEMENT CONTRACTS USED IN CONSTRUCTION:In construction, "differing site conditions" are defined as known conditions at the site that the contractor missed during site visits and failed to read in the contract . false, DEFINE THE MAJOR ACTIONS REQUIRED TO EVALUATE THE CONTRACTOR?S ENGINEERING EFFORTS AND MANAGEMENT SYSTEMS:The ANSI/EIA 32 management system guidelines include (Select all that apply): x selected Scheduling // Organizing // Managerial analysis, DEFINE THE MAJOR ACTIONS REQUIRED TO EVALUATE THE CONTRACTOR?S ENGINEERING EFFORTS AND MANAGEMENT SYSTEMS:The American National Standards Institute/Electronic Industries Alliance (ANSI/EIA) established _______ management system guidelines that ensure and provide complete information needed to make management decisions: . Publicly Released: Nov 19, 1980. true, IDENTIFY THE CONTRACTING EXPENDITURES, FUNDING ISSUES, OVERRUNS, REQUESTS FOR TRAVEL AND OVERTIME THAT WILL BE DISCUSSED WITH THE CONTRACTING OFFICER:The Contracting Officer'S Representative has authority to approve overtime requests from the contractor. For contracts equal to or less than $2,500, contractors are required to pay the federal minimum wage as provided in Section 6(a)(1) of the Fair Labor Standards Act. A service employee is an employee, excluding an executive, administrative, or exempt professional employee under 29 CFR Part 541, who is actively working in performance of a service pursuant to contract covered by the SCA. Was this document helpful? Executive Candidate Assessment and Development Program, Applicability of Service Contract Act to Service Employees of ADP and High-Technology Companies. IDENTIFY HOW A COR REPORTS SUSPECTED INCIDENTS OF FRAUD, WASTE AND ABUSE AND UNETHICAL CONDUCT: . With USAID's assistance, the Government of Kosovo continued a series of business climate reforms which has contributed to Kosovo's improved ranking in the World Bank Doing Business Index over the years. No need to spend hours finding a lawyer, post a job and get custom quotes from experienced lawyers instantly. Conduct market research and develop requirements. excludes most HOAs). . of the servicing agency for the same or similar supplies or services; (2) the servicing agency has capabilities or expertise to enter into a . If the Administrative Law Judge rules against the contractor, this decision can then be appealed to the Administrative Review Board. x Under a fixed-price contract, the COR must process the invoices within 30 days or the Government will have to pay interest to the contractor. The department of Labor is responsible for the enforcement of the Service contract act. The work to be performed, location of the work, period of performance, deliverable schedule, any special requirements, LIST THE REQUIREMENTS FOR PREPARING A STATEMENT OF WORK OR STATEMENT OF OBJECTIVES:When writing a SOW use the SMART principle which stands for: . . GIVEN A CONTRACT FOR WHICH YOU ARE THE COR, IDENTIFY THE DOCUMENTS REQUIRED BY REGULATION AND POLICY TO BE MAINTAINED IN THE COR FILE: What is the source of the COR'S authority? Service Contract Act Should Not Apply to Service Employees of ADP and High . (formerly 41 U.S.C . x Present Sally with a letter of appreciation. Additionally, contractors are required to pay overtime wages of one and one-half times regular hourly rates for each hour worked over 40 in a week. New Zealand Acts 1841-2007 As-Enacted Collection for historical Acts New Zealand Statutory Regulations 1936-2007 for historical Statutory Regulations New Zealand Historical Bills 1854-2008 New Zealand Historical Supplementary Order Papers 1870-2007 New Zealand Parliament for the Schedule of divided Bills and to make a submission beehive.govt.nz Notify the Contracting Officer of a potential organizational conflict of interest given ABC'S involvement in defining the requirements for base housing maintenance services. The SCA applies only to service contracts not exceeding 5 years, and strict compliance with its terms are required. The Native Service Contracts Act of 1932 The Act drew all Africans outside of the reserves into the agricultural economy, while extending existing controls over labour tenancy. The Geneva Act updates and enhances the existing international registration system protecting names that identify the geographic origin of products: the Lisbon Agreement for the Protection of Appellations of Origin and their International Registration of 1958. x Under fixed price contracts the Government does not normally monitor the number of employees, number of breaks, or length of lunch time for contractor employees. Recognizing that Labor's decision could seriously affect the maintenance and repair of the government's inventory of computers, a congressional committee asked GAO to review Labor's decision to apply the Service Contract Act to ADP and telecommunications products. Press question mark to learn the rest of the keyboard shortcuts. In order to comply with TRIPS Agreement, India enacted the Geographical Indications of Goods (Registration & Protection) Act, 1999. . Payment to the contractor for the supplies and services delivered, IDENTIFY MAJOR REQUIREMENTS FOR TIMELY INVOICE REVIEW AND PAYMENTS: EVALUATE INVOICE REQUIREMENTS FOR FIXED-PRICE DELIVERABLES:Inspection and acceptance criteria for fixed-price deliverables include: x Evaluation of the expenditure rate x monthly invoices x cost monitoring, IDENTIFY CONTROL AND DISPOSITION REQUIREMENTS FOR GOVERNMENT FURNISHED OR LEASED ASSETS: DESCRIBE THE REPORTING REQUIREMENTS FOR LOST, DAMAGED OR DESTROYED GOVERNMENT ASSETS:Contractors are generally not held liable for loss, damage destruction, or theft of Government property when ___________. Understanding the McNamara-O'Hara Service Contract Act This statute was enacted in 1966, amended in 1976 and is managed by the Department of Labor through its Wage and Hour Division. However, a review of the SCA requirements early in the process of contract awards can help avoid later problems. Subpart 22.3 - Contract Work Hours and Safety Standards Act 22.300 Scope of subpart. Select the one statement about the policy on providing contractors government property that is FALSE. false, RECOGNIZE THE VARIOUS TYPES OF FUNDS AND FISCAL CONTROLS APPLIED TO CONTRACTS:What are the three phases of the appropriation life cycle? Section 22-C further limits the spread-over to 8 hours for work done below ground level. x A Termination for Default Notice and a Cure Notice. . DEFINE EVM AND COST PERFORMANCE REPORTING:Earned Value Management is __________. How does this relate a customer's perceived value? IDENTIFY HOW POTENTIAL ORGANIZATIONAL CONFLICTS OF INTEREST CAN AFFECT CONTRACT MANAGEMENT:ABC, Inc. receives a contract to define the detailed performance characteristics for Navy base housing maintenance services. 6. The act will: consolidate and simplify existing offences into a single act ensure that perpetrators receive suitably severe punishments for modern slavery crimes (including life sentences) Choose the best answer regarding the scope of this requirement. . The McNamara-O'Hara Service Contract Act of 1965, as amended (SCA), . . DISCUSS WHEN AND WHY SCHEDULE COMPLIANCE MUST BE BROUGHT TO THE ATTENTION OF THE KO:If a contractor is delinquent on a portion of a contract, and that portion is clearly severable from the continuing portion of the contract, the Contracting Officer may terminate the deficient portion of the contract using a Partial Termination. In addition to minimum wage rates, contractors must also provide their employees major medical insurance coverage or pay a specified rate for fringe benefits (currently $2.56 per hour). IDENTIFY APPROPRIATE EVALUATION FACTORS/CRITERIA:The two techniques used to select a contractor within the best value continuum include: x Lowest Price and Best Value x Best Price and Lowest Technical Proposal, IDENTIFY COR RESPONSIBILITIES SUPPORTING THE PLANNING AND SUBMISSION OF CONTRACT CHANGES DOCUMENTS NEEDED TO NEGOTIATE A MODIFICATION:One of the main responsibilities of the COR in modifying the contract is to provide the Contracting Officer with complete documentation on the contract and events that led to the modification. DISTINGUISH BETWEEN PERSONAL AND NON-PERSONAL SERVICES AND ACT ACCORDINGLY WHEN WORKING WITH CONTRACTOR PERSONNEL:When "contracting out" governmental functions, it is the policy of the Government to utilize non-personal service contracts whenever possible. x true, IDENTIFY THE DUTY TO PROVIDE TECHNICAL CLARIFICATION TO THE CONTRACTOR WITHOUT CREATING AN UNAUTHORIZED OBLIGATION OR CONSTRUCTIVE CHANGE TO THE CONTRACT:An unauthorized commitment is caused by government personnel obligating the government without contract authority. Further decisions by the final board not appealed can be enforced by the federal courts. Failure to take action in the face of late or poor performance, DETERMINE IF A CHANGE IS WITHIN THE SCOPE OF THE CONTRACT:An option is the unilateral right of the government to extend or buy more than the amounts bought at the time of award. IDENTIFY HOW A COR DEALS WITH NON COMPLIANCE OR POOR PERFORMANCE:When a contractor is in non-compliance with the contract or is performing poorly, the government should _____. It means rest other options pertaining Service contract act are wrong, except option D. Didn't find what you are looking for? true. In D.C., the wage for groundskeepers is $13.07 . DEFINE THE COR'S ROLE IN THE RESOLUTION OF ISSUES UNDER THE CONTRACT AND HIS ROLE IN MONITORING CORRECTIVE ACTIONS:After an issue has been identified and there is a corrective plan in place, the COR should: . Which of thee following is NOT a description of a role that firms play in the market place ? Do a comparative analysis of the types of outlets the communication network currently uses in terms of the following: GMA News ABS-CBN News 1. true, IDENTIFY MAJOR REQUIREMENTS FOR TIMELY INVOICE REVIEW AND PAYMENTS: IDENTIFY INVOICE PAYMENT REQUIREMENTS ASSOCIATED WITH APPROPRIATE CONTRACT INVOICE CLAUSE:The government has ________ from receipt of an invoice to notify the contractor if it is improper. Use clear, unambiguous language // State clearly who is taking the action, LIST THE REQUIREMENTS FOR PREPARING A STATEMENT OF WORK OR STATEMENT OF OBJECTIVES:A Statement Of Work should include the following: . National treatment applies in the areas where commitments are made. . . This is within the scope of the COR duties. (1) Any interested person may institute proceedings in the High Court to prevent, in . The Secretary of Labor is tasked with enforcing the provision of the SCA by issuing regulations, orders, conducting hearings, deciding disputes and taking other action as appropriate. Select the correct answer from the following statements: . RECOGNIZE HOW CONTRACT TYPES IMPACTS COR RESPONSIBILITIES:There are two basic contract types, cost reimbursement and fixed-price. The 1995 final rule ( 60 FR 67444) amended the prior label approval process by expanding the types of labels and label changes that may be generically approved. 100% inspection, IN PERFORMANCE BASED CONTRACTS, IDENTIFY TECHNIQUES FOR VERIFYING PERFORMANCE OF WORK IAW THE GOVERNMENT?S QASP:The Quality Assurance Surveillance Plan (QASP) provides the government inspection plan to ensure contractor quality. latent defect, IDENTIFY CONTROL AND DISPOSITION REQUIREMENTS FOR GOVERNMENT FURNISHED OR LEASED ASSETS: DESCRIBE THE REPORTING REQUIREMENTS FOR LOST, DAMAGED OR DESTROYED GOVERNMENT ASSETS: Disposition of Government property must be conducted in accordance with __. This act provides that contracts in excess of $2,000 to which the US is a party for construction, alteration, or repair of public buildings within the US shall contain a clause that no laborer shall receive less than the prevailing wage rates as determined by the Secretary of Labor. 2020 - 2024 www.quesba.com | All rights reserved. One of the most important consumer protections in finance is the Securities Act of 1933, which was enacted during the Great Depression. Some of the areas in which service contracts are found include the following: (1) Maintenance, overhaul, repair, servicing, rehabilitation, salvage, modernization, or modification of supplies, systems, or equipment. RECOGNIZE HOW CONTRACT TYPES IMPACTS COR RESPONSIBILITIES:What are the differences between contracting by negotiation and sealed bidding? Search online for media outlets that use two or more modes of communication with their customers.