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The company is under Justice Department investigations for defective pricing, foreign bribery and violations of the Arms Export Control Act. This does not appear to be a case of the most senior people likely to have been aware of the behavior being held accountable. Not some fly-by-night, but rather the legacy contractor Raytheon.
By: Richard Arnholt On November 8, the Government Accountability Office (GAO) denied an unsuccessful bidder’s protest that asserted the Veteran Administration’s (VA) evaluation of Texas Waste Company’s past performance was unreasonable and reflected the Contracting Officer’s (CO) bias.
This report noted that “the Antideficiency Act significantly limits an affected agencys ability to solicit and award new contracts, to obligate new funds to existing contracts, and to perform essential contractadministration functions.”
Transparent communication also promotes accountability and trust between the parties and with the public. In the interim, the document should be rescinded, with contracting officers referring back to the GSAR and FAR for guidance on determining fair and reasonable pricing.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]
Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.
Our Subcontract Management from A to Z course covers the essential strategies and best practices for managing subcontractors in the government contracting space. Cost accounting and pricing Government contractors must also navigate the complexities of cost accounting and pricing when pursuing federal contracts.
Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Pay a Fair and Reasonable Price ). Yet, FSS contracts are not requirements contracts.
All phases can be connected into a group, making it easy for bid administrators to manage the different steps. Invite unregistered bidders Particularly for infrequent types of procurement, like accounting software, buyers need to research possible vendors and invite them to respond to an RFP.
Particularly, the Personal Consumption Expenditures Price Index (“PCE”) core inflation rate for January 2024 was 2.8%. [30] 33] Importantly, since the inflation high water marks of 2022, mostly what has occurred is disinflation (decrease of the inflation rate), not actual deflation (price decreases). down from 5.5%
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
Data ownership and portability: Ascend establishes the requirement that agencies own their accounts and data, and cloud service providers (CSPs) have to make the data portable in case the agency wants to move it. Catalogs are standardized at the BPA level to make it easier for customers to compare services and associated prices.
FAR & Beyond: Thoughts on “What is Fair and Reasonable? Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Emphasis added.)
This guide breaks down the major contract types government agencies use, including fixed-price, cost reimbursement, time and materials, and IDIQ contracts. Each contract type has specific uses and benefits, which are important for any business aiming to work with the government.
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