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What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

In today’s fast-paced and budget-conscious public sector environment, efficient procurement practices are more crucial than ever. Other agencies can also use the contract with competitive pricing and terms. By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions.

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Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement

The Procurement ClassRoom

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

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Public Safety Starts with Smart Procurement

American City & Country

Competitive Pricing and Cost Savings Procurement teams are always looking for ways to stay within budget while maximizing the value of their contracts. By utilizing OMNIA Partners, organizations can secure competitive pricing on security and safety solutions without sacrificing quality.

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

Government Contracts & Investigations

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 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]

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Firm Fixed Price vs. Cost-Reimbursement Contracts: Choosing the Right Approach for Your Government Project

Public Contracting Institute

Two common contract types are Firm Fixed Price (FFP) and Cost-Reimbursement contracts. Firm Fixed Price Contracts In a Firm Fixed Price contract, the contractor agrees to deliver a specific product or service at a predetermined price. Budget constraints: Evaluate the available budget and the potential for cost overruns.

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Cost estimates for IRS’s Direct File program were incomplete, GAO says

FedScoop

The Government Accountability Office said pricing estimates for Direct File — the electronic filing program made available this tax season for payers in 12 states — didn’t include start-up costs, including for the technology underpinning the system.

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Friday Flash 11/01/2024

The Coalition for Government Procurement

Attendees will gain insights into policy shifts, the budget outlook, and the overall procurement state of play in 2025 and beyond. What’s next for the budget and Federal market? Attendees will gain critical insights into: What’s next for the VA budget and healthcare investments? is less than one month away! Authored by Scott N.