This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
If you are selling products/services under FAR 15 based contracts or subcontracts, submitting certified cost and pricing data and documenting other accounting and purchasing requirements that come along with it, when the products/services technically meet the definition of commercial under the FAR – it may be time to rethink your approach.
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]
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.
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.
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.
As one of three major acquisition policy changes GSA is seeking over the next year, the proposal would remove language in the schedules program that many blame for why agencies use lowest price, technically acceptable (LPTA) still too often. GSA-collected fees would have accounted for $30 million of the total $33 million in fund credits.”
In this episode, they dive into the definition of cost or pricing data. It All Adds Up” is Crowell & Moring’s podcast covering the latest government contract accounting, cost, and pricing developments. It All Adds Up Nicole Owren-Wiest and Erin Rankin continue their discussion of TINA.
The complainant alleges that goods assembled/completed in Vietnam are “like goods” that otherwise meet the product definition in the February 2022 CITT finding initiating measures against chassis from China. However, importers must be vigilant and verify that the assessed SIMA duties are correct.
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.
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.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Examples of G&A expenses include costs incurred for senior management, accounting, finance, human resources, information technology, business development, sales, and marketing.
As we prepare for our 11th episode of Season 11, here are a few FAR Facts for us to think about: Contract types are grouped into two broad categories: fixed-price and cost-reimbursement contracts. FAR 16.101(b). Contract types that are not described in the FAR shall not be used, except as a FAR subpart 1.4 FAR 16.102(b). FAR 16.504(b).
KS&T was a market participant in OCTP with tracking accounts for emission allowances in Ontario and California. Relying on this definition, the Claimants argued that KS&T’s emission allowances constituted “property” and therefore qualified as an investment under NAFTA. The Koch v. Emission Allowances as “Property”?
These employees would have to do everything from managing contracts to keeping up with pricing changes to keeping on top of all the legal and cybersecurity compliance requirements and much more. But there needs to be some accountability on the procurement ecosystem side too. Why take the risk?
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. 1] This definition is quite broad. Manos, Government Contract Cost & Pricing § 13:3 (2023). [24] DCAA, DCAM ¶ 6-413.1.c. 10] FAR 31.205-6(b)(1). [11] 18] See FAR 31.205-6.
This involves a high level of responsibility and accountability, as prime contractors must manage both the resources and subcontractors effectively to fulfill their obligations. Definition of Prime Contractor A prime contractor refers to an entity that receives a government contract to oversee and carry out a project.
“I don’t think the whole story has been told, but I think the one thing that’s definite is that this is going forward. Compensation will always be an issue, but TRANSCOM has been a great partner and there are methods to take that into account. HomeSafe’s pricing was bid in 2019, and we’ve seen a lot of inflation in our industry.
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.
To achieve this it will impose a carbon price on imported goods with the aim of levelling the playing field and ensuring that imported goods are subject to a carbon price that is comparable to that incurred by manufacturers based in the UK. The CBAM proposal forms part of the UK government’s wider strategy to tackle carbon leakage.
But first a definition of efficiency. 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.
Schedule contracts provide for an extensive volume of competitive cost/price offerings. Achieving best value success also through the use of competitive pricing is also government policy and practice. Other than the provision of more competitive pricing provided through use of GSA Schedule BPAs, some notable considerations follow.
Schedule contracts provide for an extensive volume of competitive cost/price offerings. Achieving best value success also through the use of competitive pricing is also government policy and practice. Other than the provision of more competitive pricing provided through use of GSA Schedule BPAs, some notable considerations follow.
The Government Accountability Office (GAO) published a 2023 report identifying critical federal IT legacy systems in need of modernization that were written in older languages, such as COBOL. As a lean cloud modernization organization working with federal agencies, Karsun needs security, privacy, scale, and price-performance.
Before GAO got to a decision there, the agency took corrective action, held exchanges with Cogent and ASG, got revised quotations, and then decided that actually it was going to award to Cogent which had a substantially lower price. One was better on price, but it has a conflict of interest. So at that point, ASG protested here at GAO.
In conducting research for this article, I found many definitions of ‘Ethics’. They discuss the price the employee pays for their due diligence. The individuals in this field understand the significance of their roles and strive to uphold the highest standards of ethics and accountability. The risk is high.
Taking into account national climate commitments and other mitigation measures, the world is now on track for a global temperature rise of 2.7 °C While countries that are parties to the Paris Agreement have pledged to reduce emissions, these commitments are not enough to meet the Agreement’s targets. C by the end of the century.
Amazon RDS for SQL Server was configured as a single database instance with pay-as-you-go pricing. Pricing is based on Aurora capacity units (ACUs) at $0.12 Prerequisites To implement this solution, an AWS account is required. A data definition language (DDL) report is extracted from the original SQL Server database.
In Latin America, thematic bonds issuance has increased significantly in recent years and represents 25% of regional debt from all issuers, with sovereign issuers accounting for a third of total issuance. 5- Carbon pricing mechanisms can help increase fiscal incomes.
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.
In a recent protest, the Government Accountability Office (“GAO”) held that although performance risk was not specifically listed as an evaluation criterion, an agency may always consider risk that is intrinsic to the stated evaluation factors. South Dade A/C and Refrig., B-421406, April 25, 2023.
In the underlying investment treaty arbitration, Clorox sought compensation for the alleged expropriation and unfair treatment of its investment by Venezuela, through the enactment of price controls and currency exchange restrictions, and the nationalization of its assets.
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%
It is not clear how key employees will be defined here—for example, whether we should be looking to the definition of key employee from the newly organized concern affiliation test (of 13 C.F.R. Revising Definition of an “Employee” – Increasing the Minimum Hours Requirement. SBA’s Proposed Roll-out of New 13 C.F.R.
Suppliers exactly know what they will sell to you, including product & price information. When implementing supplier self-service, spend sufficient time on engaging the supplier and establish a structure to monitor product & price information changes by the supplier. Fit for Purpose’ buying channels with guided buying .
Public procurement accounts for around 13-20% of global GDP , so it has the potential to be an important tool for governments to promote gender equality. It promotes promotes competition, as more companies can sell to governments allowing them to obtain greater “value for money” (more quality and better prices).
This year’s tables include: November 20: GSA MAS PMO GSA Pricing Tools Medical/Surgical Supply BPAs SAM.gov PMO VA Federal Supply Schedule (FSS) November 21: VA FSS VA Prosthetics Community Care Network (CCN) View the agendas for more details. Pricing details included in the prospectus.
Using this definition, the Court reasoned that a follow-on production OT solicitation is a procurement because it seeks to acquire property or services for the government, whether the agency accomplishes that acquisition using its OT authority or the authority under the FAR. 1] The Government Accountability Office denied the protest.
In fiscal year (FY) 2023, set-aside awards accounted for 65% of contracting dollars awarded to small businesses, the highest percentage since data became available in 2010. I think bit more definition of what an agency needs to do where there is no exception to the rule would be helpful. Source: SBA proposed rule from Oct.
Similarly to the other definitions, the IIJA requires that “all manufacturing processes for the construction material occurred in the United States.” Unico was excluded from the evaluation as the agency found the company not to be a domestic supplier because it lacked the necessary component pricing to make an informed decision.
FHWA is proposing that the definitions of component, manufactured product, and manufacturer be substantially similar to those used in the BABA implementing rule, only making minor changes to account for FHWA’s category of “excluded materials” discussed below. Comments on the RFI are open until May 13, 2024.
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
He began with the Government Accountability Office before serving as Chief Counsel to the then-GSA Board of Contract Appeals. The first group of negotiated prices are for 10 Medicare Part D drugs that treat a variety of conditions including cardiovascular disease, diabetes, autoimmune diseases and cancer.
Guest speakers included: Marsha Petersen, Chief of the Pharmacy Support Branch at the Defense Health Agency Aaron Middlekauff, DoD VP of Government Accounts for Cencora (formerly Amerisource Bergen) Jay Peloquin, Senior Director of Clinical Services at Express Scripts To view a recording of the event, click here. cloud computing sector.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content