article thumbnail

Government Contracts Cost and Pricing: Introduction to the Federal Acquisition Regulation Cost Principles (Part 1)

Government Contracts & Investigations

18049, 73-2 BCA ¶ 10,088 (contractor could have cancelled subcontract earlier and reduced settlement costs but “perfection in contract administration is not one of the tests of the reasonableness of costs”). [21] 2002); see also Stanford Univ. 19] KBR Servs., 57530, 19-1 BCA ¶ 37,205. [20] 20] Teledyne Indus., Geotech Div.

Price 52
article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

So, if the solicitation had language or terms that contemplated the possibility of cost volatility (notwithstanding seeking a fixed price), arguably, offerors should have anticipated the issue as a significant possibility for contract administration. 91, 94 (2002) (price increase is not an out-of-scope mod. 160 at 165. [64]

article thumbnail

Government Contracts Issues for a Recession

Procurement Notes

Additionally, generally, the reasonable costs of preparing, submitting, and negotiating an REA are contract administration costs, and consequently are also recoverable. Which could include overtime costs, or otherwise more expensive labor or materials—perhaps because those things are being obtained on an expedited basis. 122] See P.R.