Government Contracts & Investigations

OCTOBER 11, 2023

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]

Price 52

Price Government Contracts Government Government 52

The Coalition for Government Procurement

JANUARY 12, 2024

On November 16, 2023, GSA issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. The rule proposes to remove “certain economic price adjustment requirements within these clauses to better align with commercial standards and practices.”

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Price Negotiation Data Supplier 45

Whistleblower Network News

JANUARY 31, 2024

and its subsidiaries will pay $5 million to settle charges that they violated the False Claims Act (FCA) “by falsely overstating cost or pricing data included in a subcontract proposal for work under a contract with the U.S. Department of the Army.” Army’s Tank Automotive Command (TACOM). Attorney Dawn N. government.

Contract 92

Contract Automotive Price Negotiation 92

Federal News Network

NOVEMBER 17, 2023

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.”

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Price Supply Chain Risk Management Contract 95

AWS Public Sector

FEBRUARY 29, 2024

Myth #1: I have to use a competitively awarded contract and negotiate many of the contract terms to purchase software, so I cannot use a marketplace where all the terms are commercial In AWS Marketplace , commercial terms can be replaced with negotiated terms, including the existing agreements SLG customers use to procure software.

Government 81

Government Government Purchasing Negotiation 81

Open Contracting Partnership

DECEMBER 19, 2023

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 ”.

Public Procurement 140

Public Procurement Procurement E-procurement IT 140

American City & Country

SEPTEMBER 18, 2024

Transparency and accountability are crucial to maintaining public trust and require clear policies on surveillance use and data access.” Through that leverage, Cunningham believes that governments can often secure better pricing and terms than they would individually.

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

Kluwer Arbitration

OCTOBER 15, 2024

For example, due to an increased focus on value with tighter margins, price disputes in LNG projects are becoming more likely and frequent. This contrasts with a more conciliatory approach leading to negotiated outcomes that had previously prevailed in Asia, as discussed further below. ICC, SIAC).

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Price Negotiation Finance Accountability 59

AWS Public Sector

SEPTEMBER 26, 2024

They might even haggle over prices if they’re buying a large amount of an item, but the organizer of the market never gets involved in this negotiation. Customers may check out fresh fruit from several stalls before deciding which is the best value and fit for their need.

IT 78

IT Buyers Contract Procurement Team 78

Federal News Network

JUNE 4, 2024

I think most government contractors have contracts that are negotiated and the prices are negotiated upfront, and then they have to adhere to those prices over the course of the entire five-to-10 year contract. Tom Temin Right. Kevin Plexico It’s not like the government is getting extra money for inflation as well.

Government 125

Government Government Supply Chain Manufacturing 125

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.

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Government Government Bidding Purchasing 98

Federal News Network

NOVEMBER 3, 2023

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.

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Price Evaluation Negotiation Purchasing 63

Public Contracting Institute

MAY 20, 2024

It typically involves the following steps: Identifying opportunities Reviewing solicitation documents Attending pre-bid meetings Preparing and submitting a responsive bid Participating in bid evaluation and negotiations To excel in the bidding process, consider enrolling in our Life Sciences Contracting 101 course.

Bidding 52

Bidding Government Government Negotiation 52

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. Users only see information that is relevant to them, i.e. Requisitioners see expected delivery dates, Managers their budget consumption, Accounts Payable their pending invoices.

Eprocurement 94

Eprocurement E-procurement Supplier Purchasing 94

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.

Procurement 84

Procurement Price Thresholds Contract 84

Public Contracting Institute

MAY 8, 2024

Under some circumstances, if an IFB is canceled but the requirement remains, the agency may complete the procurement by converting it to a negotiated procurement, but FAR 14.404-1 places limitations on when this is permitted. In Great Lakes Dredge & Drydock Co., LLC, B-421676.4, million and the amount of funds ($60.4

Bidding 52

Bidding Procurement E-procurement Negotiation 52

Government Contracts & Investigations

FEBRUARY 29, 2024

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Manos, Government Contract Cost & Pricing § 13:3 (2023). [24] DCAA, DCAM ¶ 6-413.1.c. 10] FAR 31.205-6(b)(1). [11] 13] DCAA, DCAM ¶ 6-413.1(e). 14] FAR 31.205-6(b)(2). [15]

Price 52

Price Government Contracts Government Government 52

Federal News Network

OCTOBER 1, 2024

I’ve had clients who pushed back, delayed and then negotiated what the Justice Department really wanted. 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. Why take the risk?

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Supply Chain Price Government Government 110

Federal News Network

OCTOBER 3, 2024

A Government Accountability Office report from last December found 1,200 existing use cases, but most of the reported AI use cases are “in the planning phase, and not yet in production. We want to ensure we’re always, always getting the best price for U.S. taxpayers on the products and services that we are acquiring.”

Inventory 123

Inventory Budget Management Utilities 123

ivalua

SEPTEMBER 13, 2020

Paying ad hoc is inefficient; it always takes longer and allows cash – that could be earning interest – out of an account sooner than it needs to go. Buying at negotiated prices and within budget. You need a procure-to-pay process if your organization is guilty of the following: Frequent duplicate payments. Case in Point.

Procurement 81

Procurement E-auction E-procurement End to End 81

The Coalition for Government Procurement

NOVEMBER 3, 2023

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.

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Price Evaluation Negotiation Purchasing 49

Select GCR

MAY 7, 2024

Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships.

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Government Contracts Government Government Contract 98

Whistleblower Network News

JULY 10, 2024

This allows the government to receive the benefit of any price concessions provided by drug manufacturers. As today’s settlement illustrates, the Justice Department is committed to holding pharmacies accountable for their role in the nation’s opioid crisis.” Boynton, head of the Justice Department’s Civil Division. “As

Insurance 86

Insurance Manufacturing Negotiation Demand 86

Federal News Network

JANUARY 16, 2024

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. We’ve had negotiations with TRANSCOM to adjust for the inflation that’s occurred. But we think we’ll be successful.”

Contract 119

Contract Transportation Transportation Price 119

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.

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Government Government Contract Price 52

Fox Rothschild: Government Contracts

JANUARY 3, 2024

The agency can cancel a solicitation under a number of limited circumstances, including based on defects in the solicitation or specifications, unreasonable bid pricing, or lack of funding. However, GAO rejected the agency’s plan to convert the sealed IFB to a negotiated procurement.

Bidding 59

Bidding Bidder Negotiation Procurement 59

Federal News Network

FEBRUARY 22, 2024

A lot of companies have trade secrets, have pricing models, have sensitive information on their systems. Schneider, the former federal CISO, said he believes the rules are the government’s “opening negotiation point” in setting critical cyber requirements for contractors. “I

Professional Services 93

Professional Services Import Data Balance 93

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 82

Insurance Bidding Influencing Negotiation 82

Select GCR

OCTOBER 29, 2024

HUBZone-certified businesses not only gain eligibility for set-aside contracts but also receive a 10% price evaluation preference in full and open contract competitions. A DCAA-compliant accounting system must properly document costs and transactions, exclude unallowable costs, and ensure compliant timekeeping functionality.

Government 52

Government Government Government Contracts Negotiation 52

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

ivalua

NOVEMBER 29, 2021

To summarize, tail spend is commonly labeled as the money a company spends on purchases that accounts for roughly 80% of total transactions, making up about 20% of the company’s spend by volume. Poorly utilized preferred suppliers with negotiated pricing. Budgeting challenges as tail spend typically often not planned for

Buyers 52

Buyers Supplier Purchasing Procurement Team 52

The Contractor's Perspective

JANUARY 12, 2023

23, 2022) provides new authority for some defense contractors and subcontractors to obtain price increases that address the impacts of inflation. The new authority is welcome relief for contractors and subcontractors holding fixed-price defense contracts, which typically do not allow a price increase due solely to inflation.

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Price Accountability Negotiation Demand 40

Federal News Network

NOVEMBER 2, 2023

Parts of it were fixed price and parts of it were cost-plus. And so when DOE you wanted to see their internal records, it sounds like the company was worried that they would see the DOE would see their records concerned with the fixed price, which is none of the government’s business. There were actually two different audits.

Government 59

Government Government Contract Price 59

Tracker Intelligence

SEPTEMBER 26, 2024

Public and private sector tenders have stringent requirements which have to be followed, for instance, offering detailed pricing, commitment to timely delivery and adhering to rules and regulations. Negotiated Tenders: These are frequently used for complex or specialised projects, when the client and contractor negotiate directly.

Tender 52

Tender Bidding Negotiation Price 52

ivalua

SEPTEMBER 13, 2020

Paying ad hoc is inefficient; it always takes longer and allows cash – that could be earning interest – out of an account sooner than it needs to go. Buying at negotiated prices and within budget. You need a procure-to-pay process if your organization is guilty of the following: Frequent duplicate payments. Case in Point.

Procurement 59

Procurement E-auction E-procurement End to End 59

Public Contracting Institute

MAY 22, 2024

You’re Struggling with a Specific Issue or Roadblock Government contracting involves a lot of moving parts, from accounting systems to small business certifications to intellectual property. PCI offers focused training on topics like subcontract management , contract pricing , and equitable adjustments.

Consulting 52

Consulting Government Contracts Government Government 52

Tracker Intelligence

NOVEMBER 4, 2024

Pre-negotiated terms are provided that reduce the complexity for contracting authorities in procurement whilst allowing suppliers to capture opportunities more efficiently. These agreements define terms, conditions and price for goods and services and allow authorities to procure without having to re-run lengthy tender processes.

Framework Agreement 52

Framework Agreement Procurement Supplier Tender 52