The focus on awarding more fixed-price contracts
resulted in cost-plus contracts
going from the most common contract
type to less than 5 percent of Air Force procurement dollars by 1966, according to G.
This ruling concluded that: (1) F realized capital gain based on the difference between F's basis in the property and the annuity's PV; (2) this gain was reported ratably over F's life expectancy; (3) the investment in the contract
to compute the exclusion ratio was F's basis in the property transferred; (4) the excess of the property's FMV over the annuity's PV was a gift from F to S; and (5) the prorated capital gain reported annually was derived from the taxable portion of each payment.
Arum said that if Pacquiao and Golden Boy do not take steps to void the contract
, he could resort to legal action.
This rule, called the "binding contract
" rule, offers assurance that the COI requirement will be met, by allowing taxpayers to measure for COI as of the day immediately preceding the day the binding contract
is executed, rather than measuring immediately before the transaction closes.
If more than 50 percent of the members accept those provisions, NTSP will then proceed to negotiate the payer contract
So the first step the regulators took is to ask companies to detail any contract
that has certain components that can be associated with finite reinsurance.
administration, and contract
oversight are often used interchangeably by acquisition personnel, but these terms are not synonymous.
Although it may seem obvious, the parties to a BPO contract
need to perform thorough due diligence on each other and describe in extensive detail the services to be performed by the service provider, together with the customer's role and responsibilities.
IF A CONTRACT
IS SILENT ON RENEWAL POSSIBILITIES, CPAs should consider the company's history on this or similar contracts
When you see these words in a contract
between your organization and another, a "red flag" should be raised mentally, because these are the words of contractual risk transfer.
The PROS II contract
simulates all of the government's procurement activities required to provide logistic requirements support.
ii) receives and instantaneously transfers title to the underlying asset, by operation of contract
and without taking or making physical delivery of the asset; or
If any progress or final payment is delayed beyond the due dates established by the act, interest is required to be paid on the overdue payment at the rate of 1% per month or at a higher rate consistent with the construction contract
Similarly, a contract
that is accounted for under SOP 94-4 is not subject to Statement 133.
A best value contract
evaluates a range of factors in addition to price, she said.