article thumbnail

Fixed Price Contracts: Government Contractors Beware

Government Contracts Navigator

Many predict that, among other procurement and regulatory reforms, the new administration will implement policies favoring the award of fixed-price government contracts and grants. Throughout the years, the procurement pendulum has swung back and forth in favor of and against fixed-price contracting.

Price 57
article thumbnail

The Problem with Bid Prices in Numbers and Words

Mike Purdy's Public Contracting

Tennessee construction attorney Matthew DeVries has described the outcome of an Alabama court case in which a bidder left out the word "thousand" in a bid price and was held to the significantly lower bid amount by the public agency. Purdy Associates, LLC [link] Copyright 2017 by Michael E. Purdy Associates, LLC - [link]

Bidding 100
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GSA closes in on enterprisewide software deal with Microsoft

Federal News Network

But OFPP believes the time is ripe to reduce price variance, secure most favorable terms and conditions and improve the federal cyber posture. Currently, prices routinely vary up to 20% for the same software across agencies, OMB wrote in its fact sheet about BCI in 2023.

article thumbnail

2017 Financial Forum Series

Government Contracts Advisor

Dentons’ Government Contracts practice and the Public Contracting Institute (PCI) present a monthly webinar series offering practical advice and CLE […]

article thumbnail

Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement

The Procurement ClassRoom

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

article thumbnail

ProcureWare Product Tip – Top 10 new features for 2017

Procureware

As a group of us were reminiscing about all the changes we’ve had in 2017, the conversation turned to how proud we are of all the product advancements we’ve made over the past year. In 2017, we added functions for tracking any kind of supplier certification that could include HIPPA, ISO, Fed RAMP, or any other.

Bidder 40
article thumbnail

Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

According to the SEC, Raytheon violated the FCPA as it “used sham subcontracts with a supplier to pay bribes of nearly $2 million to Qatari military and other officials from 2011 to 2017 to obtain Qatari military defense contracts.” 428 million of the total $950 million DOJ settlement stems from the FCA violations.