Remove Blog Remove Evaluation Remove Price
article thumbnail

Agency Could Not Accept Price Above Awardee’s FSS Price, GAO Says

SmallGovCon

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. After evaluating the quotations, CMS announced that the order would be awarded to Octane Public Relations. B-421917.2,

Price 81
article thumbnail

Is It a Bid or An RFP?

Mike Purdy's Public Contracting

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? Click here for a blog that I wrote explaining this in more detail.

Bidding 100
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

Why is Benchmarking key for Optimum Business Value?

Oxford College of Procurement and Supply

In order to evaluate whether suppliers offers are giving a business the optimum value, benchmarking is required. When thinking about benchmarking the most common area that is reviewed is price, but as we know (and as mentioned in previous blogs) price is not the sole factor.

article thumbnail

The nexus between data management tools, transparency and procurement policy

Federal News Network

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.

article thumbnail

GAO Protest Sustain: Flawed Price Realism Analysis

SmallGovCon

We often see price realism in protests when the protester is making the claim that the awardee’s price, which was lower than the protester’s price, is low enough that the awardee would not be able to perform the work as solicited. Most often, GAO will determine that the agency’s price realism analysis was acceptable.

Price 59
article thumbnail

Are Mentor-Protégé Joint Ventures Just Too Successful, Asks SBA

SmallGovCon

For qualified HUBZone mentor-protégé joint ventures, SBA is considering how to “clarify the applicability of the HUBZone price evaluation preference to” HUBZone mentor-protégé joint ventures. Questions about this post? Email us or give us a call at 785-200-8919.

Price 102
article thumbnail

Empowering the public sector with secure, governed generative AI experimentation

AWS Public Sector

Skills and capability gaps – Public sector organizations often lack the in-house artificial intelligence (AI) and machine learning (ML) expertise required to effectively evaluate, deploy, and maintain generative AI systems.