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The FAR Council notes that the figures are based on a consumer price index for March 2025 of 323.193 (although we are not sure what this number consists of). If the actual consumer price index differs, the figures may be adjusted. In summary, the increases proposed are nothing unexpected, but still are important to note.
( Click the image to play the video ) 2024 marked a year of enhanced enforcement and further protections for Canadian domestic industries as well a procedural changes for importers and exporters in respect of self-reporting anti-dumping duties and obtaining normal values.
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.
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.
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. price Benchmarking methods vary depending on the results sought and the areas being reviewed.
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. We look forward to followers of the FAR & Beyond blog providing their recommendations for the GPEL. Embrace dynamic pricing models that leverage competition from the commercial market.
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.
The scope of this part describes the applicability of the cost principles and procedures in pricing and accounting for costs on contracts, subcontracts, and modifications whenever cost analysis is needed. There is a lot there, but what’s really important?
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. We look forward to followers of the FAR & Beyond blog providing their recommendations for the GPEL. Embrace dynamic pricing models that leverage competition from the commercial market.
Uncertainty reigns over the impact of post-entry adjustments of provisional customs values, mainly in the context of retroactive transfer pricing adjustments. Firstly, a case is pending before the German Federal Fiscal Court ( Bundesfinanzhof ) addressing the customs treatment of upward retroactive transfer pricing adjustments.
Keeping with the title and theme of the Coalition’s Fall Training Conference, “ What is Fair and Reasonable,” this week’s blog addresses what is fair and reasonable transparency. Look for next week’s blog to continue the focus on “What is fair and reasonable transparency?”
Bridging the digital divide: Implementing open procurement for effective digital transformation Digital transformation is arguably the most important administrative undertaking of governments around the world. There is research to show that every additional tenderer leads to a price reduction.
The Indonesian government is currently trying to tighten the flow of imported goods into Indonesia. 20 of 2021 on Policy and Arrangements of Import (“ MOT Regulation No.25/2022 To put it simply, the post-border system is the supervision of import permits by the relevant ministries after the goods are cleared from the port.
Price Preference For civilian agencies , if the contractor with the lowest priced domestic end product is a large business, then the agency will add a price evaluation penalty to the offeror with the lowest priced foreign end product of 20%. What is a Domestic End Product?
Our cross-practice panel of international and regional specialists will walk through case studies and provide practical guidance on the key corporate, commercial, regulatory, transfer pricing, VAT and customs issues. Please register your interest by 19 April 2024 as spaces are limited and mark your calendars.
It contains some important insights for how GAO bid protest numbers have changed from prior years. One important point about the GAO bid protest process: GAO met its 100-day deadline to process a bid protest in all cases. This report is GAO’s summary of bid protests for the previous fiscal year.
Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. The policies and procedures of clocking in are critically important for employees to remember.
Commercial sensitivity will be an important ground for suppliers to understand. This may include pricing, financial information which could affect the outcome of a future bid, intellectual property and trade secrets. You can also sign up to our mailing list for blogs, FAQs and regular updates here.
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. In addition, the importer is required, in terms of section 41 of the Act, to submit these supporting documents to SARS when reporting the adjustment.
As a threshold matter, it is important to note that the remaining 85 percent of supplies and products are ordered manually across the VA. An automated ordering platform would provide VHA with the opportunity to leverage the pricing and value associated with the suite of products offered via the MSPV program and other VA contracts.
Why is this important? Although AFIC claimed that it intended to pay TSS less than 50% of the contract price, there were no sworn statements, subcontracts, or other information that supported that claim. So, what are the important takeaways here? In the end, OHA determined that AFIC failed to meet the burden of proof.
When submitting an offer, it is important to make sure that all the requirements of the solicitation are met. 17, 2023) , GAO looked at this issue in the context of a lowest-price, technically acceptable (LPTA) solicitation for a brand name or better product, with an unexpected ending that the protester surely did not see coming.
The Rule of Two is the federal contracting rule requiring agencies to set aside a solicitation for competition only between small businesses when there are at least two small businesses that could do the work for a fair price. You can read more about that in this previous SmallGovCon blog post. But that rule does have some exceptions.
The small business rule of two requires agencies to restrict procurements for small businesses when there is a “a reasonable expectation of obtaining offers from two or more responsible small business concerns that are competitive in terms of fair market prices, quality, and delivery.” FAR 19.502-2.
On November 16, 2023, GSA issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. The rule proposes to remove “certain economic price adjustment requirements within these clauses to better align with commercial standards and practices.”
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.
All that would be required for such sole source awards is that the contracting officer determines the VOSB is a responsible source and that the award can be made at a fair reasonable price that offers best value to the United States. It is very important to clarify here that the above all only would apply to DoD contracts.
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.
This column was originally published on Roger Waldron’s blog at The Coalition for Government Procurement and was republished here with permission from the author. The PAP is an effort to support FSS contracting officers in determining what is a fair and reasonable price for offered products and services under an FSS program contract.
One important point about the GAO bid protest process: GAO met its 100-day deadline to process a bid protest in all cases. The post 2023 Bid Protest Report, Success Rate Up, Total Protests Up a Little Bit first appeared on SmallGovCon - Government Contracts Law Blog. It also summarizes the general statistics for bid protest decisions.
First, it is important to establish just what a pre-award protest is. A great example of why such a protest is important is covered in a previous blog here on SmallGovCon. It is very important for contractors to raise solicitation terms often and early, or they may face an unfortunate award decision, with no recourse.
In this blog post, we will explore how sustainable procurement practices can help organizations reduce greenhouse gas emissions and achieve their sustainability goals. It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times.
In light of existing rules, vendors can deter competition by driving prices down in competitive tenders. However, this strategy may lead to a lack of options and price volatility within the market.
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. The simplification has been proven particularly useful for declaring additions to value such as assists (e.g.
The first filings under the Carbon Border Adjustment Mechanism (CBAM) must be submitted by importers by 31 January 2024. CBAM is the EU’s landmark tool that seeks to put a fair price on the carbon emitted during the production of carbon intensive goods that enter the EU.
The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost.
CARM Release 2 Officially launched in May 2021, CARM is a multi-year initiative that is intended to simplify how importers account for goods, request advance rulings, adjust/correct declarations, and pay duties and taxes through the eponymous “ CARM Client Portal ”.
If you have been following the monthly blogs you will now be aware of the different categories of procurement, the way KPIs can help manage performance as well as stakeholders and how we manage the four different categories. If the procurement is routine or leverage, the importance and value to the organisation will be less significant.
But it’s an important one for small business joint venture members to understand and comply with. The JV got its first award on September 15, 2018, and submitted its initial offer, including price, for the procurement at issue, more than two years later on June 7, 2022. And here is where it got a little interesting.
In making the award, the SSA had noted the price differential between TSG’s higher-rated, more expensive proposal and Sparksoft’s lower-rated, less expensive one, but concluded that TSG’s “distinguishing positive features” justified its price premium. Owen, Consultant, for her contribution to this blog post.
Back then, when the MAS was a mandatory source and was limited to products, like office supplies, many in government interpreted the “lowest cost alternative” to default to lowest price, as price was the most discriminating factor. Forty years later, the MAS program is no longer a mandatory source.
This blog has frequently stressed the importance of responding to any solicitation by the due date/time, fully, and in complete accord with the solicitation. Takeaway – Red Team Review is Important Takeaway.
In this blog post, I’m going to share why Digital Iceland’s decision to work with partners to access knowledge and capabilities underpinned successful service transformation, enabling them to digitize 20 services in just over three years. Expanding capability The ministry took an innovative approach to resourcing the project.
The importance of FedRAMP certification Obtaining FedRAMP certification is essential for government contractors who want to offer cloud-based services to federal agencies. Cost accounting and pricing Government contractors must also navigate the complexities of cost accounting and pricing when pursuing federal contracts.
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