Public Contracting Institute

JANUARY 31, 2024

The purpose of the extension is to freeze prices while the agency makes its selection, or takes other action. Increasing prices as part of an offeror’s extension will disqualify that offer. Instead of extending its bid (at the bid prices), Global submitted a revised bid with approximately a 2 percent price increase.

Price 52

Price Bidding Bidder Competitive Bidding 52

Mike Purdy's Public Contracting

FEBRUARY 24, 2015

Invitation to Bid: Public agencies that issue an Invitation to Bid (or a Request for a Quote) have defined a specific scope of work for which they are requesting bid prices. Making the decision of award will be based on price alone. How much is price worth? will be awarded the contract.

Bidding 100

Bidding IT Price Evaluation 100

SmallGovCon

SEPTEMBER 17, 2024

SBA’s proposed rule would change HUBZone protests appeals, principal office requirements (which we did discuss a bit before here ), HUBZone map concepts, and the HUBZone price evaluation preference (PEP). PEP (Price Evaluation Preference) Finally, we look at proposed changes to the HUBZone PEP.

Price 105

Price Bidder Evaluation Procurement 105

Select GCR

DECEMBER 3, 2024

Government agency programs like the GSA Schedules provide long-term contracts, allowing businesses to sell commercial products and services at pre-negotiated prices, simplifying the purchasing process. For first-time bidders, preparation costs can range from $80,000 to $130,000.

Bidding 52

Bidding Government Government Buyers 52

GovCon Wire

MAY 24, 2024

million firm-fixed-price contract from the U.S. The Department of Defense said Thursday the Orlando, Florida-based contractor, which won against three other bidders, is expected to complete the project by May 28, Conti Federal Services has secured a $135.5

Bidder 52

Bidder Contract Price Engineering 52

Federal News Network

DECEMBER 3, 2024

More NITAAC news, though it’s not what every bidder wants to hear — or maybe it is — director Brian Goodger has moved on to take a new role as the head of contracting activity at the Health Resources and Services Administration (HRSA).

Thresholds 93

Thresholds E-procurement Accountability Procurement 93

The Procurement ClassRoom

JUNE 19, 2024

Opportunity for Questions: These meetings provide a platform for prospective bidders or consultants to ask questions and seek clarifications. Cost Considerations: Holding these meetings in accessible locations can reduce travel costs for participants, potentially reflecting positively in their bid prices.

Bidding 52

Bidding Bidder Consulting Participation 52

Federal News Network

MAY 16, 2024

The majority of federal government procurement is not a set and attacked by bid rigging, price fixing and fraud schemes. And what the OECD tried to do is assess how much money is lost from bid rigging, price fixing and other collusive schemes at the outset from government spending. Dan Glad They are exceptions. Dan Glad Absolutely.

Collusion 108

Collusion Bid Rigging Procurement IT 108

The Procurement ClassRoom

APRIL 24, 2016

During the bidding process, it is customary to require interested bidders to provide a bid security or bid securing declaration along with their bid. A bid security may be a fixed monetary sum or a percentage of the bid price, usually less than 5%. The bid securing declaration is a non-monetary form of bid security.

Bidding 40

Bidding Bidder Price Procurement 40

Fox Rothschild: Government Contracts

JANUARY 3, 2024

The general rule ( FAR 14.404-1(a) ) is that – once a solicitation is put out for bid – the agency must award the contract to the responsible bidder with the lowest responsive bid. However, as is usually the case, there are exceptions. The full list of potential justifications is available at FAR 14.404-1(c).

Bidding 59

Bidding Bidder Negotiation Procurement 59

Federal News Network

OCTOBER 2, 2024

Three times the losing bidder protested. It wasn’t on the pricing. So what what are the lessons learned here then, for bidders? Suppose there had been an organizational conflict of interest in the winning bidder. Three times the CIA awarded a contract for medical services to the same company. Tom Temin Right.

Bidder 101

Bidder Balance Procurement IT 101

Federal News Network

JANUARY 4, 2024

That will mean continued protests by disappointed bidders. And after amending the solicitation 16 times, the agency received proposals from 1,150 bidders. Tom Temin It sounds like NIH wanted to create a marketplace with as many bidders as they could fit in. You can learn a lot from protests that have already been settled.

Contract 93

Contract Bidder Bidding Evaluation 93

The Procurement School

JULY 16, 2024

One of the greatest sources of contract disputes is how to handle price increase requests where there is no clear contract language. The best method is an evidence-based approach showing the underlying cause of the price increase. The bidder has the opportunity and the obligation to review the proposed contract before submitting a bid.

Efficiency 52

Efficiency Procurement Contract Supplier 52

Mercell

SEPTEMBER 12, 2018

Scoring, especially price scoring 7. Simulate (before engaging with bidders) 8. Worried to defend non-price criteria 3. Will result in higher priced bids 4. Why Best Value? Importance of early procurement involvement 3. How to determine criteria 4. Importance of scale 5. Assigning weights 6.

Procurement 52

Procurement Bidder Price Import 52

Federal News Network

DECEMBER 8, 2023

Even after the reconsideration and eventual award to HomeSafe, the contract was tied up for another year while ARC and a second bidder challenged the re-award before the Court of Federal Claims. The court eventually ruled in DoD and HomeSafe’s favor, but the final legal hurdles weren’t cleared until December 2022.

Integrity 105

Integrity Integration IT Transportation 105

The Procurement ClassRoom

JUNE 3, 2019

When a bidder submits a bid or proposal in response to an invitation for bids or a request for proposals , they need to commit to their bid (this is done on the bid or proposal submission form) and also to how long the bid / proposal can be considered effective (this is what is commonly called the bid or proposal validity period).

Bidding 40

Bidding Bidder Evaluation Price 40

The Procurement School

SEPTEMBER 15, 2023

Once the above steps are completed the procurement resource will have identified the type of procurement method, the associated risks and mitigation strategy, RFx scope and deliverables, required disclosures, evaluation criteria and pricing strategy. A mandatory is a mandatory and if a bidder fails it generally cannot proceed further.

Procurement 52

Procurement Bidder Procurement Strategies Evaluation 52

Tracker Intelligence

FEBRUARY 28, 2024

This process includes several crucial steps: tendering by the bidders, bid evaluation by the client and award of the contract to the successful bidder. Customers may select the best offer from submitted tenders based on quality, price, and terms thanks to its transparency, equity, and efficiency of the tender process.

Tender 52

Tender Bidding Bidder Competitive Bidding 52

Government Contracts

JANUARY 9, 2024

Army made a flawed analysis of bidders' pricing in a contest to provide waste disposal services at a Kansas base, a Court of Federal Claims judge concluded the error would not have disqualified the winning vendor. Although the U.S.

Bidder 40

Bidder Price Contract 40

GovLoop

JANUARY 12, 2024

The government, wanting to spend wisely, is often going to choose the lowest bidder. Whether by design or inadvertence, that low bid doesn’t reflect the real price of the work, and soon, the change orders start rolling in. It puts out a call for proposals, and contractors submit their bids for what it would cost them to do the work.

Bidder 52

Bidder Bidding Price Government Contracts 52

Government Contracts & Investigations

FEBRUARY 29, 2024

These notable pre-award victories are broken down into three basic categories: (1) unreasonable bidder qualification requirements; (2) unreasonable elimination from competition; and (3) improper solicitation requirements. Notably, half of the successful protests before the COFC in FY23 were pre-award protests.

E-procurement 52

E-procurement Price Bidder Evaluation 52

The Procurement ClassRoom

MARCH 26, 2019

Lowest Responsive Evaluated Bid versus Lowest Priced Bid Newbies to Public Procurement are usually confused when it comes to the difference between lowest responsive evaluated bid and lowest priced bid. Therefore, the bid recommended for contract award may not necessarily be the bid with the lowest read-out price.

Evaluation 40

Evaluation Bidding Bidder Price 40

LexBlog: Contracts & Procurement

JANUARY 3, 2024

The general rule ( FAR 14.404-1(a) ) is that – once a solicitation is put out for bid – the agency must award the contract to the responsible bidder with the lowest responsive bid. However, as is usually the case, there are exceptions. The full list of potential justifications is available at FAR 14.404-1(c).

Bidder 52

Bidder Bidding Negotiation Procurement 52

Federal News Network

OCTOBER 19, 2023

She said GSA developed the acquisition vehicle to focus around whether a company can meet the technical requirements and has a fair and reasonable price. “I Hixson said the other trend that emerged among the questions was around whether OASIS+ was a best-value trade off in the traditional sense.

Professional Services 115

Professional Services Bidding Accountability Bidder 115

Federal News Network

JANUARY 4, 2024

Along with ePS-NDVSB, other bidders may have included Amazon and Granger. GSA said this requirement was to ensure price reasonableness of the services any one company is offering. On top of that, awarding contracts tends to take longer than expected and GSA, had to extend the current three contracts through March.

Bidding 105

Bidding E-procurement Consulting Procurement 105

Public Contracting Institute

MAY 8, 2024

The Corps canceled the IFB citing that all bids were at unreasonable prices and cancellation was in the public interest. these parts require full and open competition, full and open competition after exclusion of sources and other than full and open competition, respectively] (a) Sealed bids. million and the amount of funds ($60.4

Bidding 52

Bidding Procurement E-procurement Negotiation 52

Procureware

DECEMBER 29, 2017

My favorite new features for 2017 include: • API • Approval workflows • Certifications • Connected bid events • Invite unregistered bidders • My Dashboard • PDF reports • Ranked reverse auction • Supplier view of contracts API Long before ProcureWare was developed, we envisioned an application that would easily connect to other business systems.

Bidder 40

Bidder Supplier Bidding Buyers 40

Procureware

MAY 3, 2018

But if they aren’t designed properly, RFPs can backfire, leading to low response rates, poor bidder fit or proposals that are time consuming to evaluate. Buyers sometimes feel tempted to be vague in RFPs in the hope it will draw varied and innovative solutions from bidders. Avoid relying on generic boilerplate language.

Negotiation 40

Negotiation Bidder Bidding Price 40

Select GCR

DECEMBER 10, 2024

This includes attending public meetings, sponsoring professional association events, and using cooperative language paired with a menu of pricing options. Interested parties, including losing bidders, can appeal the SBAs size determination to the Office of Hearings and Appeals.

Government 52

Government Government Buyers Government Contracts 52

Open Contracting Partnership

SEPTEMBER 3, 2024

Identifying what’s valuable The unit price in a procurement procedure is the fundamental variable that B2Gov always strives to provide their clients. Their market studies have identified reference prices ranging from 1 million to 15 million Argentinian pesos (from US$1,119 to $16,840, as of 28 May, 2024). Was it 120, 150 or 200?

Data 57

Data Public Procurement Tender Price 57

How to Crack a Nut

FEBRUARY 8, 2024

billion target by using 2015-16 prices as its baseline. Even if prices had not reduced in any year compared with the year before, a saving was reported as long as prices were lower than that of the baseline year. As part of the procurement, bidders were asked to provide contractual savings targets for each year.

Supply Chain 64

Supply Chain Procurement Price Efficiency 64

Tendersinfo

APRIL 8, 2021

It is well updated in the Tender Document about the above metrics based on which the successful bidder will be announced and also the weightage that each one of the criteria holds. The second part involves the financial review of the cost of each tender as compared to the lowest price offered.

Procurement Team 52

Procurement Team Evaluation Tender Procurement 52

The Procurement ClassRoom

JUNE 21, 2015

Some of the reasons are: Mistakes in the solicitation ( bid or proposal ) documents Prospective bidders request more time for submission and it is granted Poor response to invitation for bids or call for proposals Unforeseen event such as natural disaster, emergency situation, mass demonstrations, etc.

Public Procurement 40

Public Procurement Procurement Bidder Tender 40

Procureware

APRIL 12, 2019

Vancouver also provides a budget estimate and a bidders list. Step 4: Publish a Bidders List A bidders list is like a construction bid’s planholder list; it includes companies that have expressed interest in a specific bid or tender solicitation. Beyond simply posting the winning supplier, it also includes pricing details.

Transparency 40

Transparency Bidding Bidder Tender 40

Curbing Corruption in Government Contracting

JANUARY 21, 2020

Following our theoretical framework, we also expect transparency effects to unfold over time with many effects arising through the help of stakeholders – journalists picking up stories based on newly available data, buyers learning about procurement markets or bidder finding new opportunities more efficiently.

Bidder 40

Bidder Transparency Public Procurement Contract 40

Tracker Intelligence

FEBRUARY 8, 2024

Follow our advice on understanding tender technical requirements, exhibiting your expertise, avoiding common mistakes, and beating out rival bidders for these complex and demanding RFPs. Referrals lend credibility as prequalified bidders provide more lead time and give exclusive tailored insight into client bid expectations.

Tender 52

Tender Consulting Management Bidding 52

Tracker Intelligence

DECEMBER 16, 2024

Without competitive bidding, prices go up, and the quality of goods and services languishes. While these frameworks simplify procurement and reduce administrative burdens, their extensive use has inadvertently limited the scope of competition, reducing the pool of prospective bidders and leaving new suppliers unable to access opportunities.

Public Procurement 52

Public Procurement Procurement Tender Framework Agreement 52