Difference between revisions of "Intercompany Work Authorizations - Direct Contract Work"
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'''Legal Entity''' - an organization used by Business Units as a legal basis to enter in and issue legally binding contracts. | '''Legal Entity''' - an organization used by Business Units as a legal basis to enter in and issue legally binding contracts. | ||
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| + | '''Intercompany Work Authorization''' - work performed for the same direct charge contract by two or more Legal Entities with more than one G&A cost pool. | ||
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| + | '''Intracompany Work Authorization - work performed for the same direct charge contract by two or more G&A cost centers within the same Business Unit. | ||
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| + | '''Direct Charge Contract''' - work undertaken and associated costs incurred and/or obligated in performance of contract services or the procurement of goods. | ||
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| + | '''Issuing/Responsible Business Unit''' - The business unit operating under a legal entity responsible for the bid, contract, and performance of the contract with the customer. | ||
Revision as of 16:11, 8 February 2016
Process Owner
Sr. Executive Corporate Contracts, CFO
Purpose
This document establishes the policy and procedure for bidding, booking and billing direct charge work transfers between either GovC Legal Entities (i.e. intercompany) or internally within a Business Unit (i.e. intra- company) in order to ensure consistency and compliance with the FAR.
Definitions
Business Unit - an operationally aligned grouping of GovC legal entities.
Legal Entity - an organization used by Business Units as a legal basis to enter in and issue legally binding contracts.
Intercompany Work Authorization - work performed for the same direct charge contract by two or more Legal Entities with more than one G&A cost pool.
Intracompany Work Authorization - work performed for the same direct charge contract by two or more G&A cost centers within the same Business Unit.
Direct Charge Contract - work undertaken and associated costs incurred and/or obligated in performance of contract services or the procurement of goods.
Issuing/Responsible Business Unit - The business unit operating under a legal entity responsible for the bid, contract, and performance of the contract with the customer.
