SmallGovCon

DECEMBER 20, 2024

For example, according to a report published by the White House Office of Management and Budget (OMB), the 2013 shutdown was estimated to reduce Gross Domestic Product growth by between $2 and $6 billion. ” In addition, the Antideficiency Act also might restrict an agencys ability to obligate new funds under existing contracts.

Government 105

Government Government Contract Government Contracts 105

Procurement Notes

MARCH 5, 2024

Air Force with the expectation that its contract will continue to be renewed during the foreseeable future. First, interest payments on the accumulating debt will accelerate, gobbling up more and more of the Federal budget. Sooner or later, one way or the other, significant budget cuts are all but inevitable.

Government Contracts 52

Government Contracts Government Government Contract 52

Public Contracting Institute

APRIL 23, 2024

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.

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Supplier Price Ethics Government 52

The Coalition for Government Procurement

NOVEMBER 2, 2023

Rather, FSS contracts include a $2500 guaranteed minimum over 20 years with the opportunity to compete for task and delivery orders. And remember, competing for orders requires consistent, long-term investment by FSS contractors above standard contract administration costs.

Supply Chain 52

Supply Chain Price E-procurement Contract 52

Select GCR

JANUARY 28, 2025

Fixed-price contracts lock in a specific budget, helping government agencies reduce uncertainties associated with project costs and ensuring fiscal responsibility. One of the defining features of fixed-price contracts is their transfer of risk to the contractor. However, this predictability comes with a trade-off.

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Government Government Contract Price 52

Federal News Network

MARCH 31, 2025

The orders aim to eliminate what the administration considers to be illegal discrimination and preferences based on diversity, equity and inclusion (DEI) policies; slow down and create further checks on federal regulatory initiatives; and reduce the size and scope of the federal government.

Government Contracts 79

Government Contracts Government Government Contract 79

The Coalition for Government Procurement

MARCH 13, 2025

With a layoff, the employee is effectively terminated, however temporarily, and may be eligible for 401(k) benefits and Consolidated Omnibus Budget Reconciliation Act coverage. You should also carefully review payments to the government and reconcile any discrepancies.

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E-procurement Efficiency Contract Electronics 52