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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

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. 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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Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

These safeguards are designed to protect the integrity of the procurement process and ensure fairness and accountability. These methods may include Shopping , Limited Competitive Bidding , Force Account , or Direct Contracting. The solicitation process concludes with the submission of bids by potential suppliers or contractors.

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Why most government contractors are feeling confident about 2025

Federal News Network

And I think the labor market is definitely an area of challenge that a lot of contractors are facing, not just this particular issue, but just in general. Absent that, we definitely don’t want them manufactured in places like China or North Korea or Russia. That kind of provision and insertion we’ve never seen before.

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Final EU model contractual AI Clauses available -- some thoughts on regulatory tunnelling

How to Crack a Nut

The model AI clauses have been developed by reference to the (future) obligations arising from the EU AI Act currently under advanced stages of negotiation. Plainly, there is no definition or requirement in the model AI clauses that establishes the meaning of eg trustworthiness—and there is thus no baseline safety net ensuring it.

Buyers 88
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Why File: A Request For Equitable Adjustment

SmallGovCon

Curiously, as much as it is referenced in the FAR, there is no set definition for “request for equitable adjustment” in the FAR. Requests for equitable adjustment are considered negotiations rather than litigation, and under FAR 31.205-33 , contract administration costs are allowable costs. What is a request for equitable adjustment?

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Thoughts on what is fair and reasonable?

Federal News Network

This “internal” guidance outlines a host of evaluation and negotiation directives, standards, and considerations for FSS contracting officers. Significantly, FSS Blanket Purchase Agreements (BPAs), which leverage individual agency requirements, now account for over 53% of the dollar value of orders under the program. Emphasis added.)

Price 76
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4 major acquisition changes GSA is pursuing in 2024

Federal News Network

GSA-collected fees would have accounted for $30 million of the total $33 million in fund credits.” If the fiscal 2022 credit (5%) had been increased to the proposed 7.5% rate, total collections would have been approximately $33 million, with $21 million being retained by FAI and $12 million being transferred to DAU.

Price 105