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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. 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.

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GSA closes in on enterprisewide software deal with Microsoft

Federal News Network

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.

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Strategies for Dealing with a Government Shutdown

SmallGovCon

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. As such, the fact that the Army received any work during October 2013 obligated it to pay the full contract price for that month.

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Key Steps Contractors Should Consider When Facing a Government Shutdown

Inside Government Contracts

Each agency and contract can offer unique challenges, but we offer a few key considerations below to guide contractors in assessing their approaches to potential shutdowns: Assess Impacted Contracts – As a first step, contractors should take inventory of their government contracts to assess how a shutdown could impact performance.

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What is a Prime Contractor?

Select GCR

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 government contracting opportunities and expand their operations.

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Top Strategies for Successfully Selling to the Government

Select GCR

This guide breaks down the crucial steps: identifying contracting opportunities, understanding procurement processes, and building relationships with government buyers. Dive in to learn strategies that can help you secure lucrative government contracts. Research is a key component of this process.

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Understanding Firm Fixed Price Contracts: Benefits and Risks for Government Suppliers

Public Contracting Institute

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.