This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.
Over the course of several months, the ITVMO, the Office of Management and Budget and Microsofts federal division discussed the governments requests and proposed additional ways to establish a strategic partnership, Stanton wrote in the blog obtained by Federal News Network.
Want to expand your small business with governmentcontracts? This article covers how a small business government contractor can qualify, find opportunities, and thrive in this space. We’ll explore essential resources, strategies for winning contracts, and compliance requirements. Recognizing the potential, the U.S.
They are tasked with hiring subcontractors, coordinating their workflows, and ensuring that all aspects of the project are completed on time and within budget. By understanding the intricacies of prime contracting, businesses can better position themselves to take advantage of governmentcontracting opportunities and expand their operations.
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.
CSGMP stands out as the premier marketing program designed specifically to drive success in the government sphere. By leveraging the Client Success Government Marketing Program, companies gain access to a comprehensive suite of strategic resources tailored for governmentcontracting.
Generally, the governmentcontracting markets have been relatively insulated from the economic conditions. I think most government contractors have contracts that are negotiated and the prices are negotiated upfront, and then they have to adhere to those prices over the course of the entire five-to-10 year contract.
It typically involves the following steps: Identifying opportunities Reviewing solicitation documents Attending pre-bid meetings Preparing and submitting a responsive bid Participating in bid evaluation and negotiations To excel in the bidding process, consider enrolling in our Life Sciences Contracting 101 course.
Good business developers are able to communicate effectively, build trust, and negotiate effectively. 7 TIPS TO SUCCESS AS A BUSINESS DEVELOPER FOR COMPANIES PURSUING FEDERAL GOVERNMENTCONTRACTS Familiarize yourself with the procurement process: The federal government procurement process can be complex and lengthy.
The purpose of an IBR is to verify the technical content and the realism performance budgets, resources, and schedules. The use of cost reimbursement type contracts is “usually” appropriate for most R&D contracts. FAR 34.202(b). FAR 35.006(c).
On April 22, 2024, the Office of Management and Budget (OMB) issued a Final Rule significantly revising the Uniform Guidance for grants, cooperative agreements, and other federal financial assistance. Subrecipients must also submit a copy of any written disclosure to the pass-through entity. View the full article
Service Contract Act complications Another major complication for movers: Under the GHC contract, they’ll need to comply with the Service Contract Act (SCA) — something they’ve never had to do before, and that they argue is fundamentally incompatible with the way the moving industry operates.
Free Vs. Paid Tendering Platforms: A Comparative Analysis Free tendering platforms may be desirable for companies with limited budgets because of the significant costs saved and broad accessibility. Public sector contracts, such as governmentcontracts, are heavily regulated to ensure transparency, fairness, and accountability.
Attendees will gain insights into policy shifts, the budget outlook, and the overall procurement state of play in 2025 and beyond. Acquisition officials from Federal agencies will be in attendance to provide the latest updates and discuss “what’s next” in terms of government policies, programs, and initiatives.
Attendees will gain insights into policy shifts, the budget outlook, and the overall procurement state of play in 2025 and beyond. Acquisition officials from Federal agencies will be in attendance to provide the latest updates and discuss “what’s next” in terms of government policies, programs, and initiatives. NW, Washington, D.C.
Of note, the bills would require the NIST guidance to include standards by which a supplier would have to attest compliance in order to be eligible for a federal artificial intelligence contract award. Within six months, the Office of Management and Budget would have to require the implementation of the Framework by federal agencies.
The ongoing debt ceiling negotiations are approaching the “X Date” with little certainty of a resolution. Government runs out of money to pay all of its bills, is estimated to be June 1. Without an approved budget, the government lacks the legal authority to spend money, resulting in a shutdown. Winstar Corp. ,
million federal employees who will be directly impacted in some way by a federal government shutdown with the majority facing a furlough of an undetermined length. federal governmentcontracts signed every year and they may be impacted by a shutdown. Finally, the federal government spends approximately $1.2
Attendees will gain insights into a range of timely topics, including the next steps for procurement policy and the Federal Acquisition Regulation (FAR), the evolving budget and market landscape, and advancements in artificial intelligence (AI), cybersecurity, and cloud technologies.
setting employee compensation, hiring and firing of employees, setting a budget, borrowing money, purchasing equipment, paying dividends, etc.) adding new members, dissolution, bankruptcy, issuing additional capital stock, reclassifying interests, changing the size of the board, sale of all or substantially all of a concern’s assets, etc.)
The deadline to avoid a government shutdown is September 30, although Friday, September 27 is seen as the target date for lawmakers to finalize negotiations before returning to their home districts to campaign until the election. D on’t Miss the 2024 FPS GovernmentContracts Year in Review! 26, 2023, and the U.S.
The office will also be trusted with assessing agencies’ Zero Trust maturity and will partner with the Office of Management and Budget (OMB) to develop metrics and benchmarks for tracking progress.
Additionally, it will ensure that Federal agency Ordering Contracting Officers (OCOs) have access to this contract in order to meet expected mission support requirements in fiscal year (FY) 25. Staff could work within the Congressional Budget Office (CBO) and pilot the idea of providing regulatory oversight support.
Under the BCI, the Office of Management and Budget (“OMB”) will launch a new, centralized data management strategy and tools to allow for greater sharing of price data and information on vendors and contracts across agencies within the Federal Government. Negotiating Common Enterprise-Wide Software Licenses.
opposition to granting China “developing nation” status in treaties under negotiation and by international organizations of which the U.S. It is unclear whether Congress will seek to codify the EO, negotiate new language addressing perceived gaps in the EO, or take some other tack.
The recent direction implements Section 5 of Executive Order 13990, which charged a reconstituted Interagency Working Group on the Social Cost of Greenhouse Gases (“IWG”) with identifying “budgeting, purchasing, and other key decisions” that should incorporate SC-GHG considerations. As explained in E.O.
GSA and OMB Update Technology Modernization Fund Repayment Policy According to Fedscoop , GSA and the Office of Management and Budget (OMB) have updated the repayment policy for Federal agencies seeking financial assistance from the Technology Modernization Fund (TMF). MAS Basic Training: The Nuts & Bolts, Feb.
Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” It also prescribes and/or recommends additional data collection requests for FSS contractors.
On Friday, March 1st, agencies funded under the Agriculture, Energy-Water, Military Construction-VA, and Transportation-HUD appropriations bills risked entering “shutdown mode,” as the previously negotiated extension was set to expire. Funding under the CR for the remaining six agencies has been extended through March 22.
A JV agreement must also itemize the equipment, facilities, or resources that the parties to the JV will provide in performance of the contract. [3] 3] For indefinite contracts there must be at least a general description, and the JV agreement did not provide such a description. 5] Thus, OHA found the JV ineligible for award.
How can you win a governmentcontract ? This article will show you the steps to take, from understanding different contract types to crafting a winning bid, including how to find governmentcontracts and bidding on them. Get ready to navigate the world of governmentcontracts with confidence.
Federal Budget Breakdown The federal budget is a complex entity, divided into mandatory and discretionary spending. Mandatory spending, which constitutes about two-thirds of the total budget, includes entitlement programs like Medicare and Social Security, required by existing laws.
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.
I described the Governmentwide Acquisition Strategy initiative led by the IT Vendor Management Office (ITVMO) to centralize engagement with critical Original Equipment Manufacturers (OEMs) and negotiate universal contract and process improvements to ensure that all agencies benefit from best-in-class terms and pricing as One Customer.
Through these contracts, the SBA ensures that firms owned by socially and economically disadvantaged individuals can compete in the federal marketplace, fostering equitable access to governmentcontracting dollars. The first step is obtaining 8(a) certification, which involves a detailed application process.
percent pay raise for service members, millions of dollars in military aid to Ukraine (a sliver of the separate $105 billion supplemental that is currently being negotiated to support Ukraine and Israel), and funding for competition with China in the Indo-Pacific. President Biden is expected to sign the bill shortly.
Leveraging Data Across Agencies to Get Lower Prices and Better Terms The Office of Management Budget (OMB) is launching a centralized data management strategy to strengthen acquisition and enhance market and supply chain intelligence, by sharing and analyzing acquisition data across the federal enterprise. View the full article
Singh possesses more than 28 years of progressive experience supporting all aspects of information technology with extensive experience in IT system operation and maintenance, program management, customer service enhancement, cybersecurity, scheduling, budgeting, contractnegotiation, and recruitment and personnel management.
The law seeks to improve customer experience and accountability across the Federal Government. One of its provisions includes the creation of a new senior official within the Office of Management and Budget (OMB) to serve as the Federal Government Service Delivery Lead.
The government historically met the 5% SDB goal, said a former SBA official, who requested anonymity in order to talk about this now sensitive topic. For example, in fiscal 2017 the government did 9% with SDBs. President Donald Trump issued an executive order on Jan. 20 ending diversity, equity and inclusion programs.
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.
The current Administration believes that the BCI will generate an additional $10 billion in savings and cost avoidance annually while also improving the performance of Federal contracts. A JV agreement must also itemize the equipment, facilities, or resources that the parties to the JV will provide in performance of the contract. [3]
In a statement , the acting GSA administrator noted: “well continue to centralize government procurement for common goods and services in order to negotiate the best prices for the taxpayer. It’s also not clear how much negotiation there will be between GSA and the other agencies over what will be transferred to GSA.
The new dashboard feature allows Authorized Negotiators to see upcoming baseline modifications up to 60 days in advance of the transition date. In addition, Authorized Negotiators will receive notifications 28 days, 14 days, and 7 days before their onboarding date.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content