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If you feel like prices for just about everything are going up, you’re not alone. In federal government contracting, however, a contractor may not have the same leeway to raise its prices. Accordingly, issuing an order based on non-FSS pricing under an FSS acquisition would be improper. B-421917.2, Asking for a friend.
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.
We recently authored an article for Reuters examining Commercial Solutions Openings, a contracting mechanism through the Department of Defense (DoD), which seeks innovative commercial technologies or services. Award: CSOs are awarded on a fixed-price basis and include fixed-price incentive contracts.
Squad Aiming Laser System Contract The Department of Defense said Monday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract covers spare and repair parts, as well as contractor logistics support and test article refurbishment. Marine Corps with the squad aiming laser, or SAL, system.
In light of the increased audit activity focusing on defective pricing issues, this article surveys recent defective pricing cases, specifically those decided since the turn of the century.
Through the official letter MH-DCoP-OF-0458-2023 of the Public Procurement Directorate of the Ministry of Finance, an interpretation has been made of Article 44 of the Regulations to the new Public Procurement Law regarding the obligation of the Administration to conduc t market research.
Firm fixed price (FFP) contracts are a common type of agreement used in government contracting. Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project.
You are reading the January 2024 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions, policy changes, interesting news articles, and a bit of our insight to your inbox. To stay up to date, subscribe to our GovCon & Trade blog. microelectronics to Russia.
You are reading the November 2023 Update of the Bass, Berry & Sims Enforcement Roundup, where we bring notable enforcement actions, policy changes, interesting news articles, and a bit of our insight to your inbox. To stay up to date, subscribe to our GovCon & Trade blog.
Article 73 of the Union Customs Code (“UCC”) provides an easement for determining the customs value of goods, where elements of the transaction value are not quantifiable at the moment of importation. In our experience, some Member States permit the use an Article 73 Authorization for such use and sometimes even encourage this.
Some articles we’ve highlighted this week include multiple takes on the new CMMC rule finalized by the Pentagon, and a updates on DoD spending. Hello, SmallGovCon readers. We hope you are enjoying some nice fall weather wherever you are, here in Kansas our temperatures are finally down in the 70s, which has been a welcome relief.
Offerors are sometimes distressed when an agency selects a significantly higher priced, higher technically rated proposal in a best value determination. Jacobs protested that the agency had failed to reasonably justify the award at a $37 million (32 percent) price premium. Bulova Techs, LLC, B-281384, Feb.
You can read more about these topics in the articles below. In cybersecurity, CISA’s CDM program is set to tackle emerging threats in the cloud, while the Department of State is piloting AI adoption to improve operations. Have a great weekend!
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.
But under price changes up or down, that has ebbed and flowed over the years. And so what should companies do on the pricing front to maintain what it is GSA wants as, I guess, the best customer? And so what should companies do on the pricing front to maintain what it is GSA wants as, I guess, the best customer?
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the third article in a multi-part series on the Federal Acquisition Regulation (“FAR”) Cost Principles applicable to contracts with commercial organizations.
Baker McKenzies Canadian international trade and customs team is publishing a series of articles reviewing 2024 trade and customs compliance developments and looking ahead to 2025s burgeoning issues. This article focuses on Canada’s trade remedies regime.
The proposed Rules are intended to formalise the process for reporting transfer pricing adjustments impacting customs values declared to SARS at the time of importation. This article was written with the assistance of Gabriel Rybko and Landise Banzana, Candidate Attorneys in the Tax Practice, Johannesburg.
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. View the full article It All Adds Up Nicole Owren-Wiest and Erin Rankin continue their discussion of TINA.
What is the Truthful Cost or Pricing Data Act, formerly known as the Truth in Negotiations Act? When are contractors and subcontractors required to provide certified cost or pricing data? View the full article Cards Face Up Nicole Owren-Wiest and Erin Rankin talk TINA.
Just this month, the Defense Pricing and Contracting unit issued a memo underscoring that authority. And as you alluded to before, it does also have a price impact on the government, having contractors and subcontractors comply with all these extra rules. Tom Temin Dan Ramish is a procurement attorney with Haynes Boone.
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 begins coverage of FAR 31.205, Selected Costs, which includes forty-seven Cost Principles, each of which governs the allowability of a particular type of cost. NASABCA No.
KS&T Did not Have a Qualifying Investment NAFTA Article 1139(g) NAFTA Article 1139(g) defines “investment” as “real estate or other property, tangible or intangible, acquired in the expectation or used for the purpose of economic benefit or other business purposes.”
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.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part series on the Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. 2] FAR 31.001. [3]
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
View the full article The post GSA Clarifies Permissibility of Upfront Payments for Software-as-a-Service Offerings appeared first on Government Contracts Legal Forum.
Article 14 states that the Regulation shall apply to requests for the early production of evidence made after its entry into force, regardless of the date on which the arbitration agreement was concluded. Specifically, Article 9 of the Regulation states the following: Article 9.
Whether youre billing fixed-price contracts, time and materials (T&M), or cost-plus contracts, mastering its capabilities can significantly enhance efficiency and accuracy in your financial workflows. Deltek Costpoints Billing Module is designed to facilitate the invoicing process while adhering to complex government regulations.
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.
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.
View the full article Crowell & Moring’s “Fastest 5 Minutes” is a biweekly podcast that provides a brief summary of significant government contracts legal and regulatory developments that no government contracts lawyer or executive should be without.
In this article, we’ll provide you with essential tips and resources to help you navigate the world of government contracting and find the right opportunities for your business. 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.
This was correctly rejected by the Audit Court who applied the original 2018 version of Article 370 but I do not think they understood this amounted to fraud by Transtejo since the only reason for the attempts was to bring the new draft of Art 370 into play.
To sum up, our research highlights a troubling asymmetry in how investors price risk: economies with weaker fiscal positions and limited economic diversification face disproportionately higher credit spreads due to climate vulnerabilities. World Development, 168, Article 106250. 2] Gomez-Gonzalez, J. 2] Gomez-Gonzalez, J.
As we prepare for our 15th episode of Season 11, here are a few Episode 15 FAR Facts for us to think about: Under the Buy American Act, a foreign end product may be purchased if the contracting officer determines that the price of the lowest domestic offer is unreasonable or if another exception applies. FAR 25.001(a)(1). FAR 25.001(c)(2).
Andrew started his career as a management consultant at Price Waterhouse leading enterprise IT implementations for Fortune 500 companies. Andrew furthered his career at USinternetworking (acquired by AT&T and IBM), Inc.
In conducting research for this article, I found many definitions of ‘Ethics’. This article articulates the other side of reporting unethical behaviour. This article articulates the other side of reporting unethical behaviour. They discuss the price the employee pays for their due diligence. This situation is not unique.
This article provides an overview of Mongolia’s international investment climate and explores recent developments. Mongolia was an UNCITRAL arbitration under the Russia-Mongolia BIT involving the imposition of a windfall profit tax on gold sales exceeding a certain price. Mongolia’s International Investment Climate A. million in 2015.
In this article, we’ll skip over the “basics” of SBA’s MPP (which you can read all about here ) and instead, jump right into the last few common misconceptions surrounding the program (you can read about the first few in Part I ). and 13 C.F.R. 121.103 , respectively, SBA’s MPP and affiliation regulations. Questions about this post?
In this article, we’ll decode CAS and provide you with best practices to help you stay on top of your game. Conducting cost and price analysis Cost and price analysis is a critical component of government contracting.
The following article discusses the various steps of contract management and its role in procurement efficiency. One of the greatest sources of contract disputes is how to handle price increase requests where there is no clear contract language. But first a definition of efficiency.
In this article, we’ll explore key aspects of government construction projects and provide insights to help you secure contracts and achieve success. However, navigating the complex world of public sector contracting can be challenging.
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