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Shuttering of the government (or parts of the government) following appropriations lapses has become an increasingly common phenomenon in recent times. Funding lapses interrupt the usual predictability of government operations, which harms both agencies and federal contractors that are left in limbo with stop work orders.
The company is under Justice Department investigations for defective pricing, foreign bribery and violations of the Arms Export Control Act. Greg Williams, from the Project on Government Oversight, joined the Federal Drive with Tom Temin to discuss more. Not some fly-by-night, but rather the legacy contractor Raytheon.
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.
By: Richard Arnholt On November 8, the Government Accountability Office (GAO) denied an unsuccessful bidder’s protest that asserted the Veteran Administration’s (VA) evaluation of Texas Waste Company’s past performance was unreasonable and reflected the Contracting Officer’s (CO) bias. B-418123.4, 9, 2020, 2020 CPD ¶ 397 at 5.)
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. 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]
As the second quarter of 2024 begins, there is a lot on the horizon for those who do business with the government: New regulations and laws and even the revival of a long time argument. Going forward, it matters to government contractors for some unique reasons that are probably lost in the big debate over the tax bill in general.
Communication is the connective tissue of federal procurement, bringing government and industry together on behalf of the American people. Thoughtful feedback helps the government improve and refine requirements, increasing opportunities for sound business outcomes that meet mission needs.
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. Types of Set-Asides Total Small Business Set-Asides: 23.6% 8(a) Set-Asides: 5.3%
This column was originally published on Roger Waldron’s blog at The Coalition for Government Procurement and was republished here with permission from the author. The PAP is an effort to support FSS contracting officers in determining what is a fair and reasonable price for offered products and services under an FSS program contract.
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.
In the world of governmentcontracting, understanding the basics of Requests for Proposals (RFPs) and Requests for Quotations (RFQs) is crucial. Let’s explore the six essential elements that make RFPs and RFQs successful in governmentcontracting.
Government treasury bills (“T-bills”) becomes higher than the interest rate on 10-year U.S. Government treasury notes. [6] 23] And, as the Government has previously pointed out, “because the committee depends on government statistics that are reported at various lags, it cannot officially designate a recession until after it starts.”
Demystifying FedRAMP Certification: The Pathway to Secure Federal Contracts As a government contractor, securing federal contracts is crucial for business growth and success. One critical aspect of winning governmentcontracts is achieving FedRAMP certification.
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.
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 ). Yet, FSS contracts are not requirements contracts.
The performance results showed that contract level pricing was better under TDR than under Most Favored Customer (MFC) pricing. Small businesses generated stronger growth under TDR than small businesses under MFC pricing. The PRC is a vestige of the 1980’s MAS program and serves as a significant barrier to entry.
The Coalition for Government Procurement is thrilled to announce the 2023 recipients of the Excellence in Partnership (EIP) Awards! The recipients of the 2023 EIP Awards demonstrated exemplary dedication, expertise, and commitment to advancing the partnership between government and industry.
The Procurement Team involves divisions like Procurement Manager, Budget Holder, Management of the contract, and representatives of different sectors. The higher the value of the contract higher is the team size hence it important to understand the metrics based on which a bid is successful.
The Coalition for Government Procurement would like to thank everyone who attended this week’s Fall Training Conference: “ What is Fair and Reasonable? Your participation played a key role in the dialogue between industry and the Federal Government as we explored the variety of factors that impact a fair and reasonable determination.
Perhaps you can see by the roles and actions above that interactive market research trains the government team’s muscles and prepares them for similar activities in oral presentations. These sessions provide industry with an opportunity to help the government with relevant feedback and real time to rehearse oral presentations.
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.
Notably, the MAS program not only plays a central role supporting customer agency missions, but it also has a long track record of implementing key Administration policy goals, like supporting socio-economic goals. Pricing Policy Overreach Potential contractors often confront conflicting rules requiring rationalization.
Agencies across government continue to struggle with buying and adopting cloud technologies. The Ascend Blanket Purchase Agreement (BPA), to complement GSA’s Multiple Award Schedule Cloud SIN 518210C, will meet the government’s demand for more comprehensive, secure and compliant cloud-based solutions.
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.)
When dealing with government procurement, understanding the different types of contracts is crucial. This guide breaks down the major contract types government agencies use, including fixed-price, cost reimbursement, time and materials, and IDIQ contracts.
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