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“Fair and Reasonable” MAS contract level pricing is impacted by a host of factors. Contracting officers must assess, analyze, and apply these factors when reviewing an offeror’s proposal and negotiating fair and reasonable pricing. Previous FAR & Beyond blogs regarding this topic can be found here and here.
And that is an enormous change in available information where you could come in as a government buyer and you could say, ‘I would like to see someone who has a small business doing janitorial services in Hershey, Pennsylvania, and has an active contract and is a small businesswoman owned.’ This is fair and equitable.
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]
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.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.
In conducting research for this article, I found many definitions of ‘Ethics’. For example, a Buyer was tasked with ordering scientific equipment and lab supplies for a university in Africa. They discuss the price the employee pays for their due diligence. On a global perspective, ethics may be different. The money was sent.
A legislative proposal to change how GSA Schedule contracts meet the terms of the Competition in Contracting Act (CICA) and a proposed rule to modify the Schedules Economic Price Adjustment Clause are among the larger changes GSA announced for the Multiple Award Schedules program at last week’s Coalition for Government Procurement Fall Conference.
And that is the way in which Congress could change the venerable multiple awards schedule system by changing the pricing basis of it. And the specific part of the Competition and Contracting Act is the portion that says using multiple award schedule contracts meets the definition of the Competition and Contracting Act.
Dubbed Co-Pilot, it gathers data from various governmentwide procurement systems, and presents buyers with pricing histories, vendor information and other data to help their decisions. Say I’m a CO, I want to know what’s the best pricing or what are the pricing trends for product XYZ? Tom Temin Wow.
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.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.
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.
The one finding that should definitely not go unnoticed is that, according to DRCF, ‘ Buyers can lack the technical expertise to effectively scrutinise the [algorithmic systems] they are procuring, whilst vendors may limit the information they share with buyers ’ (at 9). This is extremely worrying.
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.
But it’s not intended to be an automatic stop on, awarding task orders to other than small businesses, but it is definitely intended to switch the balance of power so that the presumption going in is in favor of small businesses. And if you want to keep it on schedule, you have to lower your price. And we’re kind of here.
This means that a company with an efficient source-to-pay process will definitely have a competitive advantage over its peers when it comes to working with innovative startups. Buyers need to put aside their compliance hats and put on their entrepreneurial ones! To start with, there is a need for a change of philosophy.
It promotes promotes competition, as more companies can sell to governments allowing them to obtain greater “value for money” (more quality and better prices). 2) Definition of requirements. It can also have benefits for governments.
Using this definition, the Court reasoned that a follow-on production OT solicitation is a procurement because it seeks to acquire property or services for the government, whether the agency accomplishes that acquisition using its OT authority or the authority under the FAR. Ultimately, the Court denied the government’s motion to dismiss.
program requirements proposed at 32 CFR part 170; Add definitions for controlled unclassified information (CUI) and DoD unique identifier (DoD UID) to the subpart; Establish a solicitation provision and prescription; and Revise the existing clause language and prescription. . § The new prices will be effective Jan 1, 2026.
FAR & Beyond: Thoughts on “What is Fair and Reasonable? 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.” Pay a Fair and Reasonable Price ).
Understanding a Proposal for Bid A bid proposal is more than just a price offer; it is a comprehensive document that outlines specific plans for a project, including the timeframe and costs involved. Definition of a Proposal for Bid A bid proposal is a detailed document that outlines the scope of work for a project.
In fact, probably the most important thing is to make sure we standardize data definitions first, because sharing data that doesn’t have common data definitions could actually end up being confusing and misleading. And we think it makes great sense for agencies to share data. Cost data for contractors.
If it’s a firm fixed price, it’s definitely being reflected in the underlying price. Terry Gerton: So let’s think a little bit more about agency strategy here because you mentioned pharmaceuticals and VA and DoD being the big buyers of pharmaceuticals.
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