Public Contracting Institute

JULY 5, 2024

In the complex world of government contracting, understanding and implementing Cost Accounting Standards (CAS) is crucial for success. Today, we’re diving deep into CAS 406, which focuses on establishing and adhering to cost accounting periods.

Accountability 52

Accountability Government Contracts Price Contract 52

Public Contracting Institute

JUNE 5, 2024

Offerors are sometimes distressed when an agency selects a significantly higher priced, higher technically rated proposal in a best value determination. The Government Accountability Office (“GAO”) does not agree that quantification is required. Bulova Techs, LLC, B-281384, Feb.

Price 52

Price Bidding Government Contracts Evaluation 52

The Procurement ClassRoom

JUNE 25, 2019

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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Evaluation Price Bidding Procurement 52

Government Contracts & Investigations

SEPTEMBER 25, 2023

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

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Negotiation Price Government Contracts IT 98

Public Contracting Institute

NOVEMBER 29, 2023

The Government Accountability Office (“GAO”) released its annual bid protest report to the Congress for fiscal year 2023 on October 26, 2023 (B-158766). percent in bid protests during calendar year 2021-2022 before the Court of Federal Claims (information given in a speech by Judge Patricia Campbell-Smith last year).

Sustainability 52

Sustainability Bidding Evaluation Government Contracts 52

Government Contracts & Investigations

DECEMBER 6, 2023

Since the beginning of Fiscal Year 2024, the Government Accountability Office has published 35 decisions, but only two of which resulted in decisions sustaining the challenge. Below we dive into recent bid protest decisions and identify what won, what did not win, and why. In RELX, Inc. ,

Bidding 52

Bidding Sustainability Thresholds Evaluation 52

Government Contracts & Investigations

FEBRUARY 29, 2024

In January 2024, the Government Accountability Office (“GAO”) published 31 bid protest decisions, two of which resulted in decisions sustaining the protesters’ challenges. Although the protester offered the lowest price, the agency found its proposal was technically unacceptable because it did not meet the new characteristics.

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Bidding Evaluation Sustainability E-procurement 52

Government Contracts

FEBRUARY 1, 2024

Government Accountability Office freed the U.S. Army Materiel Command from claims it unreasonably snubbed two contractors for an installation support deal in favor of a company with a more expensive bid, saying the command justified the price differential.

Bidding 52

Bidding Price Accountability Government 52

Open Contracting Partnership

MARCH 28, 2024

They are encouraging dialogue about who bought what from whom to improve visibility and accountability over the spending and the improved outcomes seen in the examples provided. Solution: Open contracting fosters competition among vendors, reducing costs through competitive bidding.

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Procurement Framework Agreement IT Public Private Partnership 134

Federal News Network

MAY 30, 2024

Just this month, the Defense Pricing and Contracting unit issued a memo underscoring that authority. Dan Ramish Well, Tom, nontraditional defense contractors are defined to include all contractors that do not have a subcontract or contract subject to full cost accounting standards coverage and have not had one in the preceding year.

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Supplier Innovation Price Accountability 93

Open Contracting Partnership

SEPTEMBER 3, 2024

Their business facilitates access to procurement information, providing powerful analytics that help companies to search for new opportunities, prepare bids, and evaluate their performance on past tenders. According to the World Bank, public contracts account for 15% of global GDP. Our platform is updated throughout the day.

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Data Public Procurement Tender Price 55

Federal News Network

JANUARY 4, 2024

Foes are vanquished, in this case Boston Consulting Group, losing its OASIS+ bid protest at the Government Accountability Office. 21 and the Government Accountability Office has until April 1 to decide. It’s clear that they misevaluated our bid. It’s hard for companies to bid when there is no there.

Bidding 105

Bidding E-procurement Consulting Accountability 105

Federal News Network

MAY 16, 2024

The majority of federal government procurement is not a set and attacked by bid rigging, price fixing and fraud schemes. And what the OECD tried to do is assess how much money is lost from bid rigging, price fixing and other collusive schemes at the outset from government spending. They conspired to rig bids.

Collusion 107

Collusion Bid Rigging Procurement IT 107

Federal News Network

JANUARY 17, 2024

There was, as you’re writing about compliance, three recent developments companies need to know to stay on the right side of the ledger, including when low price can get you into trouble. First up, we talk so much about low price, technically acceptable in the federal government today. Larry Allen Tom.

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Bidding Price Government Government 80

Public Contracting Institute

AUGUST 6, 2024

Mastering Cost Accounting Standards (CAS) Cost Accounting Standards play a vital role in ensuring consistency and uniformity in cost accounting practices for government contracts. Leveraging Cost and Price Analysis Tools Utilizing the right tools and methodologies can significantly improve the accuracy of your cost estimates.

Government Contracts 52

Government Contracts Price Accountability Education 52

Oxford College of Procurement and Supply

JANUARY 29, 2024

The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost.

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Global Sourcing IT Price Supplier 59

Select GCR

JUNE 11, 2024

If you’re exploring contract types that any government agency uses, understanding the distinctions between fixed-price, cost-reimbursement, and other specialized contracts is paramount. The two main categories of government contracts are fixed-price contracts and cost-reimbursement contracts.

Government 52

Government Government Contract Government Contracts 52

Federal News Network

FEBRUARY 29, 2024

chairman of Homeland Security and Governmental Affairs Committee, and Joni Ernst (R-Iowa), ranking member of the Small Business and Entrepreneurship Committee, are trying to correct a misunderstanding of congressional intent when it comes to how and when agencies should consider price when reviewing proposals for contracts.

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Contract Price Evaluation Bidding 119

Public Contracting Institute

MAY 16, 2024

Registration is required to bid on contracts. The two main categories are: Firm Fixed-Price Contracts : These contracts provide a set price for a specific scope of work, placing more risk on the contractor. Learn more about the benefits and risks in the Understanding Firm Fixed-Price Contracts blog post.

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Government Contracts Government Government Contract 52

Fox Rothschild: Government Contracts

JANUARY 3, 2024

The general rule ( FAR 14.404-1(a) ) is that – once a solicitation is put out for bid – the agency must award the contract to the responsible bidder with the lowest responsive bid. This defense is only available where the agency can show that the bids received were unreasonably high.

Bidding 59

Bidding Bidder Negotiation Procurement 59

Procureware

JANUARY 22, 2018

When considering all steps from start to finish, the administrative time for a bid is typically reduced by an impressive 50 to 70 percent! One of the most common questions I hear from procurement staff during implementation is, “how should the supplier bid responses be structured?” My answer is always “yes.”

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Bidding Buyers Evaluation Price 40

The Procurement School

JULY 16, 2024

Compliance Including performance metrics and penalties for non-compliance promotes accountability and incentivizes suppliers to meet their obligations. One of the greatest sources of contract disputes is how to handle price increase requests where there is no clear contract language.

Efficiency 52

Efficiency Procurement Contract Supplier 52

Select GCR

SEPTEMBER 10, 2024

Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. Bidding and Proposal Submission Submitting competitive bids and proposals is a critical step in securing federal contracts.

Government Contracts 52

Government Contracts Government Government Contract 52

Federal News Network

DECEMBER 20, 2023

The Government Accountability Office recently upheld the protest of a contract award from the Defense Intelligence Agency. And then assuming you passed, they would assess you based on technical approach and capability, and price. Price was a typical submitted a proposal submission, but for technical approach and capability.

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Bidder Price Sustainability Evaluation 82

Select GCR

MAY 7, 2024

This no-nonsense guide walks you through the contracting process, from initial eligibility to bidding, and ultimately enables your small business to win contracts available every fiscal year. Registering your business with SAM (System for Award Management) is a prerequisite to start bidding for contracts. You’re in the right place!

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Government Contracts Government Government Contract 98

American City & Country

AUGUST 27, 2024

City and county governments are often key buyers of landscape equipment and supplies, says Keith McGinty , director of bids and government accounts at SiteOne Landscape Supply , a firm that sells soil maintenance products, irrigation, lighting, nursery products, tools, equipment, safety items and hardscapes in addition to landscape supplies.

Government 52

Government Government Bidding Purchasing 52

The Procurement School

APRIL 22, 2024

A lack of clarity will be reflected in the quality of the solicitation document, the evaluation criteria and the bid submissions. A suggestion is to seek approval for up to a 10% contingency, should the recommended bid award exceed the posted approved value. Determine the Procurement Approach.

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Procurement Market Analysis Bidder Public Procurement 52

The Procurement School

OCTOBER 6, 2023

Construction tenders may include a mandatory site visit where attendance is required in order to bid. Step 4 Evaluation Once the procurement closes bids are evaluated. The evaluation can be simple, such as tenders which are price only, or complex which includes technical criteria, pricing and sometimes an interview or demonstration.

Bidder 52

Bidder Procurement Evaluation Bidding 52

Public Contracting Institute

MAY 18, 2024

Without this certification, your organization may be unable to bid on lucrative government contracts, putting you at a significant disadvantage compared to your competitors. Cost accounting and pricing Government contractors must also navigate the complexities of cost accounting and pricing when pursuing federal contracts.

Contract 52

Contract Government Contracts Price Contract Administration 52

Federal News Network

JULY 25, 2024

Fluor argued that BAE breached the subcontract by directing the changes, while refusing to equitably adjust the subcontract price upward by $183 million, as required by the subcontract’s changes clause. The prime contractor, BAE, argued that the subcontractor Fluor’s delays breached the subcontract, requiring BAE to compensate the Army.

Insurance 91

Insurance Bidding Influencing Government Contracts 91

Open Contracting Partnership

JUNE 26, 2024

Using ACT Ai, the villager quickly discovered that each lamp post cost the district over 100,000 Thai Baht (US$3,000)—a stark contrast to the 10,000 Baht (US$300) price tag for a similar lamp post online. The villager reporting the lamp posts was one of them. million), with plans for more purchases underway.

Corruption 107

Corruption Data Procurement Collusion 107

Federal News Network

FEBRUARY 15, 2024

It was very in-depth, and it had proposals to modernize the program, one of which is to add, a level of competition to the program to ensure that the contractors are performing with excellence and that there’s a chance to do a price competition potentially every five years for the contracts. We don’t.

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Procurement Price Thresholds Contract 93

Select GCR

AUGUST 14, 2023

You can figure that out by checking the solicitation or request for bid. What does this mean for your bidding process? Be sure you account for the additional wage requirements for the contract. Does your business need to comply with the SCA? The first thing to ask yourself is “Is this contract covered by the SCA?”

Contract 52

Contract Insurance Bidding Price 52

Public Contracting Institute

FEBRUARY 28, 2024

The Government Accountability Office (“GAO”) recently considered an award where the awardee had performed part of a past performance reference and agreed with the agency that it demonstrated the awardee’s capability. million while LPE’s price was $28.6 million while LPE’s price was $28.6

Contract 52

Contract Price Evaluation Government Contracts 52

Tracker Intelligence

FEBRUARY 8, 2024

This article provides a comprehensive guide for consultancies on improving their chances of success when bidding for management consulting tenders, whether from government entities, NGOs, or private sector companies. Winning management consultancy contracts via competitive tender can be lucrative yet challenging.

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Tender Consulting Management Bidding 52

SmallGovCon

FEBRUARY 9, 2024

For our third entry in our “Why File” series, we will be covering one of the two big bid protest routes, a “pre-award” Government Accountability Office (GAO) bid protest. But contractors may be less familiar with pre-award bid protests at GAO. What is a “pre-award” protest?

Bidding 91

Bidding Import Evaluation Contract 91

Federal News Network

OCTOBER 19, 2023

After two years of planning, meetings, feedback and answering almost 900 questions about the final solicitations, vendors’ bids are due tomorrow. Boston Consulting Group Federal filed a complaint with the Government Accountability Office on Aug. And now GSA is facing its first protest of OASIS+. 28 over the terms of the solicitation.

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Professional Services Bidding Accountability Bidder 115