article thumbnail

AstraZeneca Criticizes HHS For Bid To Skirt Drug Price Suit

Government Contracts

AstraZeneca has chided the federal government for seeking a quick win against the drugmaker's challenge to the Medicare drug price negotiation program in a recent brief, arguing that the Centers for Medicare and Medicaid Services mistakenly believes it has "absolute authority to unilaterally dictate prices."

Price 52
article thumbnail

Season 11: Episode 10: FAR Facts

Public Contracting Institute

price negotiations and procedures should be used by contracting officers to determine the price reasonableness of modifications offered under a sealed bid contract. Contracting officers are required to document in the contract file the principal elements of the negotiated agreement. FAR 15.400.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

 Join our 2024 MAS Basic Training and GSA and VA Schedule Contract Training for In-House Counsel Courses!

The Coalition for Government Procurement

Topics covered during the training will include: The GSA Schedules Program: An Entry Point to Government Contracting Obtaining Your GSA Schedule or Schedule Modification, along with Option Extensions Navigating the Price Negotiation Process Better Understanding of Management and Compliance of the Price Reduction Clause Schedule e-Tools: Tips on Competing (..)

article thumbnail

Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

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] 4] TINA is intended to “level the playing field” by providing Government negotiators the same cost or pricing data available to contractors.

article thumbnail

Friday Flash 08/16/2024

The Coalition for Government Procurement

As we bid farewell to Tom in his professional capacity, the Coalition extends our heartfelt gratitude for his years of service and wish him all the best in his well-deserved retirement. United States , exercising jurisdiction to consider a bid protest involving Other Transaction (“OT”) authority. 24-160 (July 16, 2024).

article thumbnail

Looking Ahead at the First or Fourth Quarter, Depending on your Perspective!

The Coalition for Government Procurement

Topics covered during the 2024 training will include Transactional Data Reporting, Commercial Sales Practices, domestic preferences, supply chain security, bid protests, sustainability, and ethics. MAS Basic Training Also returning in 2024 is the Coalition’s Multiple Award Schedule (MAS) Basic Training.

article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

Circuit”) has stated that “a broad original competition may validate a broader range of later modifications without further bid procedures.” [62] contract reformation due to mistake, or breach of the implied-in-fact contract to treat a bid/proposal fairly ). Further, there is more leeway with the extent of a mod. Now, the downside.