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Key elements of the Changes Clause include: Authorization for the Contracting Officer to make changes Contractor’s right to an equitable adjustment Time limits for submitting change proposals Understanding this clause is essential for effective contractadministration.
Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1] 3] Cost analysis is frequently performed, and the Cost Principles frequently apply, in pricing both fixed-price and cost-reimbursement contracts. 19] KBR Servs.,
51] NBER data corroborates that low employment is a lagging indicator—showing that in the (12) recessions since 1948, (7) commenced while unemployment was less than 5%. [52] Yet, for 2023, the current data shows that receipts slipped to 16.2%—a Earnings growth tells us about the past. 56] Hence, 100-60-50 is the general rule.
GSA repeatedly hears customers say that they want and need an acquisition vehicle that addresses cloud-specific technologies and requirements, offers a less complicated way to buy them, and provides standardized security and data management features. Ascend will make it easier for agencies to comply with cybersecurity mandates.
With inflation eroding value for this long, a Government contractor may need to obtain contract relief. First, some data points to animate the discussion. According to Deltek’s 2022 Government Contracting Industry Study , in 2021, “[m]edian profit margin was higher (15%) compared with what has been observed since 2012 (6-10%).” [10]
Particularly, what does the contract say? If the contract follows the Uniform Contract Format , the first place to look is Section F (Deliveries or performance), Section G (Contractadministrationdata), or Section H (Special contract requirements). [13] 13] See FAR 15.204-1. [14] FAR 37.115-3. [18]
This “internal” guidance outlines a host of evaluation and negotiation directives, standards, and considerations for FSS contracting officers. It also prescribes and/or recommends additional data collection requests for FSS contractors. The PAP was not subject to public comment or rulemaking prior to its issuance in March of 2021.
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