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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]
a) of the GSA, if gas was not utilised by QAPTL, the gas would be diverted to other consumers; however, QAPTL would remain liable to pay the agreed price netted against the sum collected by any such diversion. In QATPL v SNGPL , the High Court underscored the extreme nature of irregularity that would meet the threshold in Section 68.
on agent’s fees, transfer pricing, employment, etc.), decisions made by referees or umpires or juries), unless there are fraud or corruption allegations, but this is a high threshold to reach. Appeal proceedings encompass a wide variety of disputes, ranging from disciplinary decisions (antidoping, match fixing, etc.)
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%
Department of Labor (“DoL”), Bureau of Labor Statistics (“BLS”), September 13 Consumer Price Index (“CPI”) Summary states that “[o]ver the last 12 months, the all items index increased 8.3 1] Similarly, the BLS September 14 Producer Price Index (“PPI”) Summary states that “[o]n an unadjusted basis, the index for final demand moved up 8.7
Department of Labor (“DoL”), Bureau of Labor Statistics (“BLS”) Consumer Price Index for All Urban Consumers (“CPI-U”). 3] Because economists often consider food and energy prices to be too volatile, they may pull those items out to see what is called “core inflation.” [4] Here, I provide some of the latest information and updates.
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.
Price , the Supreme Court stated that “[p]rivate persons, jointly engaged with state officials in the prohibited action, are acting ‘under color’ of law. FAR § 1.501–2(b) (2002) (emphasis added); Pls.’ FAR § 1.501–1 (2002); Pls.’ Price, 383 U.S. 51] In United States v. ’ App. at 76 (emphasis added).
The BCI includes four priorities to make certain that the Federal Government receives “better terms and prices when purchasing goods and services.” The BCI is part of an effort that began in the Obama-Biden Administration to address agencies paying inconsistent and often higher prices when compared to the commercial market.
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