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Mastering FAR: 7 Essential Clauses for Government Contractors

Public Contracting Institute

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 contract administration.

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Government Contracts Cost and Pricing: Introduction to the Federal Acquisition Regulation Cost Principles (Part 1)

Government Contracts & Investigations

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.,

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Government Contracts Issues for a Recession

Procurement Notes

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.

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Ascend Updates

Great Government Through Technology

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.

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An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

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]

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Juneteenth is the 11th Annual Federal Holiday: Things for the Government Contractor to Think About

Procurement Notes

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 (Contract administration data), or Section H (Special contract requirements). [13] 13] See FAR 15.204-1. [14] FAR 37.115-3. [18]

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Friday Flash 11/03/23

The Coalition for Government Procurement

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.