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Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]
If demand was greater than anticipated or suddenly increased, it would put pressure on the record company to manufacture and distribute more singles. How I made SCM my number one career choice In 2002, I decided I wanted to make supply chain management my career.
One could be forgiven for simplifying the goal of procurement to ensuring that public money is well spent , which could be further elaborated (following Schooner 2002 ) to encompass promoting integrity and value for money in the award of public contracts, and acting transparently to facilitate accountability.
Particularly, the Personal Consumption Expenditures Price Index (“PCE”) core inflation rate for January 2024 was 2.8%. [30] 33] Importantly, since the inflation high water marks of 2022, mostly what has occurred is disinflation (decrease of the inflation rate), not actual deflation (price decreases). down from 5.5%
The Government cannot TFC a contract in bad faith, or as an abuse of discretionsuch as to get a better price, or where the Government formed the contract with no real intention of seeing it through. [59] In short, a grant distributes funding and/or property to fulfill a statutorily established public purposeoften philanthropic in nature.
The proposed rule creates a framework for ensuring that contractors provide the protections for CUI required in 32 CFR part 2002 which requires that contractors handling CUI meet the cybersecurity and privacy requirements of NIST SP 800-171 Rev. 2 among other cyber requirements. Training will continue throughout the entire month of January.
Finally, the HUBZone price evaluation preference does not apply in the context of an offer from a mentor protg joint venture involving a large business. Implement minor revision to the Offer and Modification Products Price Proposal Templates (PPT) Update Manufacturer Name definition and add note to Glossary tab Update Change Log tab 3. .”
2 , for contractors storing or transmitting Controlled Unclassified Information (CUI), as required in 32 CFR part 2002. Finally, the HUBZone price evaluation preference does not apply in the context of an offer from a mentor protg joint venture involving a large business.
2 , for contractors storing or transmitting Controlled Unclassified Information (CUI), as required in 32 CFR part 2002. If you are not already on a committee distribution list and would like to sign up, please email Mady Whiting at mwhiting@thecgp.org with which committees you are interested in joining.
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