Redstone Government Consulting

JUNE 24, 2024

Cost Accounting Standard (CAS) 409 provides the criteria for assigning costs (i.e., depreciation) of tangible capital assets to cost accounting periods and allocating those costs to contracts in an objective and consistent manner.

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Redstone Government Consulting

JUNE 5, 2024

CAS 404 provides the criteria for determining whether to assign the cost of a capital asset as a period expense when acquired or capitalize the item as a tangible asset and spread the cost over two or more accounting periods.

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Federal News Network

JANUARY 12, 2024

On November 16, 2023, the General Services Administration issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. limits on the timing and number of price adjustments). Pricing context is dependent on accurate, relevant data.

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Government Contracts & Investigations

SEPTEMBER 25, 2023

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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Negotiation Price Government Contracts IT 98

Public Contracting Institute

JUNE 5, 2024

Offerors are sometimes distressed when an agency selects a significantly higher priced, higher technically rated proposal in a best value determination. The Government Accountability Office (“GAO”) does not agree that quantification is required. Bulova Techs, LLC, B-281384, Feb.

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Price Bidding Government Contracts Evaluation 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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Redstone Government Consulting

FEBRUARY 7, 2024

So, you have a contract with the clause FAR 52.230-2 Cost Accounting Standards , subject to full CAS coverage. If you receive allocations from a home office, the home office must comply with CAS 403, Allocation of home office expenses to segments.

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Accountability Contract Management Price 52

GovCon & Trade

FEBRUARY 28, 2024

On December 21, the Government Accountability Office (GAO) dismissed a protest by ELS, an unsuccessful bidder on a Department of Defense (DOD) task order opportunity, concluding that it did not have jurisdiction to consider it. The protestor’s proposed price was $30,478,050, and its total evaluated price was $30,566,297.

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Bidding Thresholds Price Evaluation 147

GovCon & Trade

OCTOBER 19, 2023

Award: CSOs are awarded on a fixed-price basis and include fixed-price incentive contracts. CSOs are treated as commercial products or commercial services making them subject to Federal Acquisition Regulation (FAR) Part 12 requirements.

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Redstone Government Consulting

NOVEMBER 15, 2023

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.

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Federal News Network

MAY 30, 2024

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.

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GovCon Wire

AUGUST 8, 2024

Herndon, Virginia-based Unissant said Wednesday Deegan will oversee the digital transformation and cybersecurity company’s financial and accounting, contracts management, human resources and pricing functions. Unissant has appointed Robert “Bob” Deegan, a veteran financial executive, as chief financial officer.

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The Procurement ClassRoom

JUNE 25, 2019

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

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Evaluation Price Bidding Procurement 52

PNWC's Government Contracting Update

DECEMBER 11, 2019

The purpose of Section 803 is to deal with the problem when contractors refuse to provide the Government with cost or pricing data to support their proposal prices. Ultimately, contracting officers need to determine that a price is fair and reasonable to the Government, irrespective of how the product or service was priced.

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Government Contracts Legal Forum

JUNE 11, 2024

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.

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Government Contracts Government Government Contract 52

PNWC's Government Contracting Update

DECEMBER 12, 2019

Yesterday we began with a provision (Section 803) designed to severely curtail the situations where contractors can dictate prices by refusing to provide cost or pricing data necessary for contracting officers to establish that the quoted prices are fair and reasonable.

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FedScoop

APRIL 9, 2024

As the IRS’s Direct File pilot approaches the end of its 2024 runway, a new watchdog report finds that the tax agency’s cost estimates for the program were incomplete and would need “a comprehensive accounting” ahead of a potential takeoff in 2025.

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Accountability Price Electronics Data 94

Government Contracts Legal Forum

APRIL 3, 2024

To set the groundwork for future episodes, Nicole Owren-Wiest and Erin Rankin talk fundamentals: What is the purpose behind the often counter-intuitive and complex government contracts cost and pricing rules? What are the various price analysis techniques available to the world’s largest buyer of goods and services? “It

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IT Buyers Price Government Contracts 52

Government Contracts

MAY 13, 2024

Government Accountability Office said an aviation company couldn't question the feasibility of a rival's $159 million U.S. Air Force flight training contract, when the service branch never indicated it would check if bidders' prices were realistic.

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Government Contracts

JANUARY 26, 2024

Government Accountability Office rejected a medical firm's efforts to again upend a pending $44 billion defense contract for professional medical services, saying the Defense Health Agency's revamped evaluation methodology appropriately accounted for bidders' proposed pricing.

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Government Contracts Legal Forum

MARCH 11, 2024

Our Two Cents In this second inaugural episode of It All Adds Up, Nicole Owren-Wiest and Erin Rankin riff on why they care so much about government contracts cost and pricing – and why you should, too. “It It All Adds Up” is Crowell & Moring’s podcast covering the latest government contract accounting, cost, and pricing developments.

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IT Price Government Contracts Accountability 52

ExecutiveBiz

APRIL 2, 2024

With two decades of experience in government contracting, he will now oversee the accounting, finance and pricing departments of the company and spearhead merger and acquisition activities, Edgewater said Monday.

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Finance Price Accountability Government Contracts 59

GovCon Wire

FEBRUARY 20, 2024

Sol Horwitz, a more than three-decade finance operations and accounting professional, has joined Catonsville, Maryland-based information technology services contractor RELI Group as chief financial officer.

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Finance Price Accountability Government Contracts 64

Public Contracting Institute

AUGUST 6, 2024

Mastering Cost Accounting Standards (CAS) Cost Accounting Standards play a vital role in ensuring consistency and uniformity in cost accounting practices for government contracts. Leveraging Cost and Price Analysis Tools Utilizing the right tools and methodologies can significantly improve the accuracy of your cost estimates.

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Open Contracting Partnership

MARCH 28, 2024

They are encouraging dialogue about who bought what from whom to improve visibility and accountability over the spending and the improved outcomes seen in the examples provided. There is research to show that every additional tenderer leads to a price reduction. Purchased systems need to replace or work within existing systems.

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Government Contracts

MARCH 13, 2024

Government Accountability Office has denied a business consultant company's protest of a $12.3 million Defense Information Systems Agency task order, backing the agency's decision not to choose the company despite its lower price quotation and same ratings as the awardee.

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WashngtonExec

APRIL 1, 2024

Edgewater Federal Solutions has promoted Brian Carr to chief financial officer to oversee the accounting, finance and pricing departments and lead merger and acquisition activities. “I I speak on behalf of the entire leadership team when I say that Brian has been a great addition to the team, and we’re excited to see him in this [.]

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Finance Price Leadership Accountability 52

Public Contracting Institute

MAY 16, 2024

The two main categories are: Firm Fixed-Price Contracts : These contracts provide a set price for a specific scope of work, placing more risk on the contractor. Learn more about the benefits and risks in the Understanding Firm Fixed-Price Contracts blog post.

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Government Contracts

FEBRUARY 1, 2024

Government Accountability Office freed the U.S. Army Materiel Command from claims it unreasonably snubbed two contractors for an installation support deal in favor of a company with a more expensive bid, saying the command justified the price differential.

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Bidding Price Accountability Government 52

Redstone Government Consulting

MARCH 13, 2024

The scope of this part describes the applicability of the cost principles and procedures in pricing and accounting for costs on contracts, subcontracts, and modifications whenever cost analysis is needed. There is a lot there, but what’s really important?

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Import Price Accountability Government Contracts 52

The CGP

SEPTEMBER 8, 2023

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.

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WashngtonExec

JANUARY 25, 2024

He will oversee all accounting and finance operations, contracts, legal, pricing, procurement functions, financial planning and analysis, facilities management and [.] Garner will play a strategic role in the overall growth and management of the company and work closely with ECS’ president, the company said.

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GovCon & Trade

DECEMBER 18, 2023

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.

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Public Contracting Institute

MAY 23, 2024

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).

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Quantity Price Contract Accountability 52

Federal News Network

FEBRUARY 29, 2024

chairman of Homeland Security and Governmental Affairs Committee, and Joni Ernst (R-Iowa), ranking member of the Small Business and Entrepreneurship Committee, are trying to correct a misunderstanding of congressional intent when it comes to how and when agencies should consider price when reviewing proposals for contracts.

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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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Public Contracting Institute

FEBRUARY 28, 2024

The Government Accountability Office (“GAO”) recently considered an award where the awardee had performed part of a past performance reference and agreed with the agency that it demonstrated the awardee’s capability. million while LPE’s price was $28.6 million while LPE’s price was $28.6

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