What is a pass-through in contracts?

Generally, a “pass-through” claim is one where a party who has suffered damages asserts a claim against a third-party believed to be responsible through one or more intervening parties that has a contract with the alleged responsible party.

What is a construction pass-through claim?

A pass-through claim is a subcontractor claim against the government that a prime contractor (who is in privity of contract with the government) brings on behalf of a subcontractor.

What does the term sub contractor mean?

A subcontractor (or sub-contractor) is a company or person whom a general contractor, prime contractor or main contractor hires to perform a specific task as part of an overall project and normally pays for services provided to the project.

What is the difference between a prime contractor and a subcontractor?

A prime contractor is the primary contractor on a project. This individual or firm is responsible for the entire project. A subcontractor is hired by the prime contractor or project owner to complete a certain task. Subcontractors also work under a contract.

What is a pass through fee?

PASS THROUGH FEES means the fees paid or to be paid to Borrower by registrants for events, licenses, or other services for which Borrower provides registration, licensing, or other pass-through services.

Which section of the far discusses market research?

Part 10
Part 10 – Market Research.

What is excessive pass through?

Excessive pass-through charge, with respect to a Contractor or subcontractor that adds no or negligible value to a contract or subcontract, means a charge to the Government by the Contractor or subcontractor that is for indirect costs or profit/fee on work performed by a subcontractor (other than charges for the costs …

What is a liquidating agreement?

Liquidating agreements are also known as liquidation agreements, pass-through agreements, or claims prosecution agreements. with an intermediary party which can assert a claim on its behalf-allowing the subcontractor to recover, compelling the owner to pay, and keeping the party in the middle (relatively) unscathed.

What is a pass through invoice?

Overview. A passthrough is a portion of a payment received by a lessor from a lessee that is paid to a vendor. The payment that the lessor makes to the vendor is known as a passthrough. The customer pays the invoice and the lessor receives $1,000.

What is SAP in contracting?

Simplified Acquisition Procedures 1. Introduction. Simplified Acquisition Procedures (SAP) are contracting methods designed to streamline the acquisition process and facilitate the procurement of goods and services. The results include less paperwork and lower costs for both the contractor and the Government.