![]() In a fixed-price contract with prospective price redetermination, the term refers to the period for which firm prices have been established. If the contract is a multiyear contract, the term does not include quantities funded after VECP acceptance. It does not include increases in quantities after acceptance of the VECP that are due to contract modifications, exercise of options, or additional orders. Instant contract means the contract under which the VECP is submitted. The term does not include the normal administrative costs of processing the VECP or any increase in instant contract cost or price resulting from negative instant contract savings, except that for use in 52.248-3, see the definition at 52.248-3(b). Government costs means those agency costs that result directly from developing and implementing the VECP, such as any net increases in the cost of testing, operations, maintenance, and logistics support. (2) To the calculation of a lump-sum payment, that cannot later be revised. (1) Throughout the sharing period, unless the contracting officer decides that recalculation is necessary because conditions are significantly different from those previously anticipated, or It is calculated at the time the VECP is accepted and applies either. ![]() On an instant contract, future contract savings include savings on increases in quantities after VECP acceptance that are due to contract modifications, exercise of options, additional orders, and funding of subsequent year requirements on a multiyear contract.Ĭollateral costs means agency costs of operation, maintenance, logistic support, or Government-furnished property.Ĭollateral savings means those measurable net reductions resulting from a VECP in the agency’s overall projected collateral costs, exclusive of acquisition savings, whether or not the acquisition cost changes.Ĭontracting office includes any contracting office that the acquisition is transferred to, such as another branch of the agency or another agency’s office that is performing a joint acquisition action.Ĭontractor’s development and implementation costs means those costs the contractor incurs on a VECP specifically in developing, testing, preparing, and submitting the VECP, as well as those costs the contractor incurs to make the contractual changes required by Government acceptance of a VECP.įuture unit cost reduction means the instant unit cost reduction adjusted as the contracting officer considers necessary for projected learning or changes in quantity during the sharing period. (3) Future contract savings, that are the product of the future unit cost reduction multiplied by the number of future contract units in the sharing base. (2) Concurrent contract savings, that are net reductions in the prices of other contracts that are definitized and ongoing at the time the VECP is accepted and (1) Instant contract savings, that are the net cost reductions on the contract under which the VECP is submitted and accepted, and that are equal to the instant unit cost reduction multiplied by the number of instant contract units affected by the VECP, less the contractor’s allowable development and implementation costs There is no fee for taking placement exams.Acquisition savings means savings resulting from the application of a value engineering change proposal (VECP) to contracts awarded by the same contracting office or its successor for essentially the same unit. Students who do not have their USC ID can show another form of identification and proof of enrollment. Only students admitted to USC may take the placement exams and are required to present their USC ID upon arrival. Contact the Testing Center at (213) 740-1188 or Testing Details Test times, dates and sites can be found on the Testing Center’s website. ![]() Unless otherwise noted on the schedule of testing, no reservations are required for foreign language placement exams. Reservations are required for math, chemistry and QR placement exams. Placement exams are offered on specific dates throughout the academic year and summers. Students must wait six months before retaking any placement exam. Math and QR placement exam results do not expire.įoreign language placement exam results are valid for one calendar year.Ĭhemistry placement exam results are valid for two years. QR exams must be taken during the first year of enrollment for students entering as freshmen and during the first semester of enrollment for students entering as transfers. Quantitative Reasoning – GE-F (see below for important information)įoreign Languages – all levels only if student has previous experience with the language ![]() Placement exams are required for the following courses:Ĭhemistry – CHEM 102, 105a and 050 (tutorial). The Testing Center administers math, chemistry, quantitative reasoning (QR) and foreign language placement exams. Placement Examinations Math, Chemistry, Quantitative Reasoning and Foreign Language Placement Examinations
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