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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.

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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]

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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.

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How Kazakhstan is combating non-competitive procurement

Open Contracting Partnership

In the general public procurement market (valued at around US$19 billion annually), direct awards have dropped from 81% of the value of all procedures in 2017 to 23.5% This undermines business confidence, leading to low competition and higher prices for goods and services. The number of suppliers per buyer increased from 8.0

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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.

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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 […]

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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.

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