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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. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.
trillion dollars in fiscal year 2022 which amounted to approximately 25% of total gross domestic product. Contractors should track and document any changes in workload to ensure that any increases in scope and associated cost or price adjustments are appropriately reflected in a contract modification. government spent $6.27
Off the Shelf : A Break Down of the Proposed CIRCIA Rule Townsend Bourne, Partner at Sheppard Mullin , joined Off the Shelf to share her insights regarding the Cybersecurity and Infrastructure Security Agency’s (CISA’s) proposed rule implementing the Cyber Incident Reporting for Critical Infrastructure Act of 2022 (CIRCIA).
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
This ruling follows the Court’s August 2022 decision in Hydraulics Int’l (discussed in a previous Legal Update ) finding jurisdiction over a prototype OT competition when a follow-on production contract was contemplated. The new prices will be effective Jan 1, 2026.
View from Main Street: Size Recertification Confusion Updates on Timely Topics Impacting the Government Contracting Industry from Vice President of Acquisition Policy, Ken Dodds Historically, the length of government contracts did not exceed five years and size was determined at the time of offer (including price) for the contract.
In May 2022, the Court of Federal Claims ordered GSA to amend the solicitation and allow offerors to resubmit proposals. million megawatt hours annually through the eventual solicitation, which would amount to approximately 5 percent of the government’s fiscal year 2022 electricity consumption. GSA and DoD anticipate purchasing 2.7
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