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This report noted that “the Antideficiency Act significantly limits an affected agencys ability to solicit and award new contracts, to obligate new funds to existing contracts, and to perform essential contractadministration functions.” Looking for the latest governmentcontracting legal news?
Firm fixed price (FFP) contracts are a common type of agreement used in governmentcontracting. 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.
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In the world of governmentcontracting, small businesses play a crucial role in fostering innovation and economic growth. The Public Contracting Institute (PCI) is committed to supporting these enterprises through comprehensive training and resources. It provides contracting assistance to small businesses located in these zones.
Particularly, the Personal Consumption Expenditures Price Index (“PCE”) core inflation rate for January 2024 was 2.8%. [30] 33] Importantly, since the inflation high water marks of 2022, mostly what has occurred is disinflation (decrease of the inflation rate), not actual deflation (price decreases). down from 5.5%
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As we prepare for our 16th episode of Season 11, here are a few Episode 16 FAR Facts for us to think about: The Government may authorize and consent to a contractor’s use of inventions in the performance of a Federal Governmentcontract even though such use would violate a third party’s U.S. FAR 27.102(b) and FAR 52.227-1.
And there’s some discussions about whether it be committee hearings and some other things go on in the Senate to move forward there, where PSC comes into play and where our members have the most at stake here is on the governmentcontracting side. How does the government evaluate that?
Understanding key clauses and provisions in the Federal Acquisition Regulation (FAR) is crucial for success in governmentcontracting. Changes Clause (FAR 52.243-1) The Changes Clause is a fundamental provision that allows the government to make unilateral changes to the contract within its general scope.
Among Todd’s most notable achievements include serving as the Chief Architect and Designer of the most successful multiple award (MA) IDIQ contract program in GSA history, OASIS and OASIS Small Business. This innovative approach redefined the standard for all governmentwide MA IDIQs across the entire Federal Government.
Jay Blindauer A contractor takes on a Governmentcontract to make money, and inflation is getting in the way. With inflation eroding value for this long, a Government contractor may need to obtain contract relief. ” [5] Iron ore prices are down from 2021, but still above 2015-2019 averages.
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.” Emphasis added.)
This guide breaks down the major contract types government agencies use, including fixed-price, cost reimbursement, time and materials, and IDIQ contracts. Each contract type has specific uses and benefits, which are important for any business aiming to work with the government.
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