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Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 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.
In conducting research for this article, I found many definitions of ‘Ethics’. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa. This article articulates the other side of reporting unethical behaviour. They discuss the price the employee pays for their due diligence.
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
This article covers how a small business government contractor can qualify, find opportunities, and thrive in this space. 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.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This article addresses the applicability of the FAR Cost Principles and their general criteria for determining the allowability of costs.
The media organization ProTenge, which exposed tenders to buy books and publish articles about the ex-President that were subsequently canceled. But many buyers are still reluctant to use such complicated procedures because they’re unsure of how control agencies view the use of award criteria other than lowest price.
This article simplifies the process: understanding the basics, finding the right opportunities, preparing your business, and crafting winning bids. A comprehensive and up-to-date profile increases your chances of being noticed by government buyers. Emphasize relevant certifications and past performance to attract government buyers.
Background On January 21, 2020, a company that produces and markets “chicken legs” (the “Seller”) signed an international contract for the sale and supply of the said product (the “Contract”), with another foreign company ( the “Buyer”) for its distribution in Brazil. The tribunal issued a default award. of the CPC. of the CPC.
This article explores practical approaches to streamline public sector procurement processes and focuses on increasing participation from Small and Medium-sized Enterprises (SMEs). Relationships will benefit when buyers promptly respond to SMEs’ queries and consider them as a valuable and positive part of the job.
Creating online forms is a new step that can be time consuming, so buyers would prefer to avoid it. This article discusses general principles for deciding how to structure your bid responses. In other words, how will the information be used in the evaluation process and in later steps such as long-term pricing analysis.
This is important because the different contracting methods influence how buyers will select contractors. Three Primary Delivery Methods The article identifies three chief methods. The contractor is usually selected based upon a combination of qualifications and price through a Request for Proposal (RFP) process.
It would be difficult for a typical buyer to know about the energy efficiency of every type of lightbulb including halogen, linear fluorescent and LED bulbs. It can be a deciding factor of why one company may rank higher over another, with pricing and other key factors being the same. 2024 issue of Government Procurement.
In this article we’ll explore the available options and show the advantages and disadvantages of each. Among them are aggregators that bring together buyers and sellers. They host requests for bids and tenders from buyers and allow vendors to submit bids to multiple organizations.
Submission of bids: Businesses can submit bids in response to solicitations, outlining their proposed solutions and pricing. In conclusion, the process of selling to the government in the SLED market can be complex, but businesses can increase their chances of success by following the best practices outlined in this article.
Submission of bids: Businesses can submit bids in response to solicitations, outlining their proposed solutions and pricing. In conclusion, the process of selling to the government in the SLED market can be complex, but businesses can increase their chances of success by following the best practices outlined in this article.
This article delivers a concise guide on effectively using SAM, from completing your registration to enhancing your contracting strategy. Not only does it serve as a gateway to numerous business opportunities, but it also acts as a marketing tool for showcasing your capabilities to potential government buyers.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
The task of manually doing this or even using some basic automation would require weeks or months of human work to check each contract to ensure the right language is included given the context of the contract, the supplier and the buyer. Machine reading comprehension technologies enable us to do this automatically and much faster.
It consisted of 20 meetings with international experts, politicians, buyers and analysts ( recordings available in Russian). As a graduation task, students prepared articles about the problems and opportunities in public procurement in their countries.
For what buyers and sellers can expect in the year ahead, we hear from Sonny Hashmi. I think we recently saw an article that we crossed $100 billion a year market share threshold, which was somewhat unheard of just even a few years ago, but it’s all due to an unknown. We’ve made significant strides over the last year.
In the EU, the TED data was somewhat incomplete; for example, in 2022, about 75% of the 7,817 procurement notices contained technical criteria (the rest expressed these criteria in separate documents that would have needed to be downloaded from individual procurement authority’s websites), and only about 50% contained non-price award criteria.
The following article outlines nine points to consider as part of the procurement planning process which will help to reduce procurement risk, increase confidence in the procurement document and avoid a potential bid dispute. Sometimes buyers may send the opportunity listing to existing vendors, previous bidders or even select organizations.
Pricing details included in the prospectus. Note: Potential offerors should also review Baker Tilly’s article covering updates from draft RFP 1 to draft RFP 2. The scoring updates are below: Read the full article here. Thank you to our current sponsors of the Fall Training Conference!
This article cuts through complexity to address when sole sourcing is necessary, the justification process, and how to manage the associated risks. This must be demonstrated along with ensuring the price is fair and reasonable. Navigating sole source procurement? This indicates the presence of competitive market alternatives.
A future article in the Friday Flash will provide more details on the requirements in these DFARS clauses. 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. The new prices will be effective Jan 1, 2026.
FAR & Beyond: Thoughts on “What is Fair and Reasonable? 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 ).
This article will show you how to determine your eligibility, discover contract opportunities, and use essential small business programs to gain a competitive edge in the federal marketplace. Federal contracts come in various forms, including fixed-price contracts, cost-plus contracts, and time-and-materials contracts.
This system can be used to assess whether a company meets the qualification requirements set by the buyer. News articles can be used to trace whether the service provider or the location of the work has ever faced problems. The qualification requirements that must be met will usually appear in the e-procurement system.
This article will focus on tackling challenges in the public procurement process and suggests practical solutions for these challenges. Tracker Intelligence uses sophisticated procurement tools and integrates centralised systems, which decreases the time and effort needed for buyers and suppliers.
This article will show you the steps to take, from understanding different contract types to crafting a winning bid, including how to find government contracts and bidding on them. The two main types are fixed-price contracts and cost-reimbursement contracts. How can you win a government contract ?
This article examines these potential excuses to contractual non-performance from a US law perspective. Beyond force majeure, some contracts have price adjustment, hardship, or material adverse change clauses that may be helpful. Key takeaways Force Majeure: The specific language of a force majeure clause will dictate its effects.
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