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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

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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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

.” “The penalty in this case reflects the significant misconduct by Raytheon and the need for global companies to implement meaningful internal accounting controls that ensure that payments to intermediaries are not used to circumvent the restrictions of the FCPA,” said Charles E.

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Governments need to plan for the entire product lifecycle when they purchase technology today

American City & Country

Transparency and accountability are crucial to maintaining public trust and require clear policies on surveillance use and data access.” No question, government procurement is different from acquisitions outside the public sector, Cunningham believes. Prioritize stakeholder engagement, including community input.

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UN’s first ever resolution on public procurement: what makes it strong and what’s still missing

Open Contracting Partnership

At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.

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Converting a Procurement from Sealed Bidding to Competitive Proposals

Public Contracting Institute

The Federal Acquisition Regulation (“FAR”) gives contracting officers significant flexibility in selecting the procurement method they choose to use. The Corps canceled the IFB citing that all bids were at unreasonable prices and cancellation was in the public interest. In Great Lakes Dredge & Drydock Co., LLC, B-421676.4,

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Our 2030 vision: Better procurement for people and planet

Open Contracting Partnership

Public procurement should be all about people. We want to enable one billion people to live in more equitable, prosperous and sustainable communities by 2030 by improving US$2 trillion in public procurement spending. Public procurement covers $13 trillion of spending every year, one in every three dollars spent by our governments.

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The 3 revolutions of public procurement in Africa

Open Contracting Partnership

Public procurement is like the heartbeat of public spending in most of Africa – by some estimates, it accounts for 17% of the GDP of African Countries. Procurement was long seen as a clerical administrative function, rather than a strategic lever. This was not always the case.