Remove Collusion Remove Negotiation Remove Price
article thumbnail

Converting a Procurement from Sealed Bidding to Competitive Proposals

Public Contracting Institute

Under some circumstances, if an IFB is canceled but the requirement remains, the agency may complete the procurement by converting it to a negotiated procurement, but FAR 14.404-1 places limitations on when this is permitted. In Great Lakes Dredge & Drydock Co., LLC, B-421676.4, million and the amount of funds ($60.4

Bidding 52
article thumbnail

What is the FAR: Your Guide to the Federal Acquisition Regulation

Select GCR

For instance, FAR includes a provision at 52.203-2, Certificate of Independent Price Determination, which ensures independent bids and prevents collusive pricing in government contracting. What are some types of procurement contracts identified by the FAR? These contracts are used in different procurement scenarios.

Ethics 52
article thumbnail

Public procurement (entry for an Encyclopaedia)

How to Crack a Nut

However, as the pervasive abuses of direct awards under the emergency conditions generated by the covid pandemic evidenced in virtually all jurisdictions, dispensing with those requirements, checks and balances comes with a very high price tag for taxpayers in terms of corruption, favouritism, and wastage of public funds.