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The Justice Department filed, I think, 500 false claims Act cases in 2023. Greg Williams Well, I think for me, one of the important differences between defense contract and what we do every day as consumers is that we are powerfully, individually, individually motivated to find the best deals available. What’s going on?
The September 2023 Cost Corner concluded a three-part series on TINA. which applies to contracts with commercial organizations. 33] The CAS govern the measurement, assignment, and allocation of costs to certain types of Government contracts. We now move on to the FAR Cost Principles, specifically FAR Subpart 31.2, 19] KBR Servs.,
Specifically, the PAP states that “[t]he term “fair and reasonable” is generally considered to mean a price that is fair to both parties in a transaction , not higher than what the competitive market would bear or a price that a prudent and competent buyer would pay for a product or service under competitive market conditions.” See Section 2.
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