Contract Administration IT Thresholds 
GovCon & Trade
DECEMBER 18, 2023
However, when reviewing Texas Waste’s past performance, the agency found it had not provided a list of contract references as the solicitation required. Rather, Texas Waste submitted five copies of CPARS reports for three contracts performed by a Texas Waste affiliate, Gruene. B-418123.4, 9, 2020, 2020 CPD ¶ 397 at 5.)
Public Contracting Institute
AUGUST 9, 2024
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. This clause is critical for both the government and contractors as it provides flexibility in contract performance.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
LexBlog: Contracts & Procurement
NOVEMBER 22, 2022
But do note that REAs above the simplified acquisition threshold submitted to agencies in the DoD require a two-prong certification. On the other hand, there is no firm or fixed deadline for the Contracting Officer to respond to an REA. In addition, REAs lack the same automatic trigger requiring a prompt response from the Agency.
Government Contracts & Investigations
OCTOBER 11, 2023
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. Allocability.
Procurement Notes
MARCH 5, 2024
Jay Blindauer The bond yield curve inverted in October 2022. [1] 1] When that occurred, it started a countdown to recession. At least it has every time since 1968. [2] 2] Specifically, for the last eight recessions since 1968, every single recession was preceded by a bond yield curve inversion. [3] At least it has every time since 1968. [2]
Great Government Through Technology
SEPTEMBER 10, 2024
Standardized reporting: Customers require visibility into financial information for contract administration, cost control, chargeback and budget management/forecasting (i.e., FinOps: At first, contractors were required to monitor and automatically suspend cloud services when consumption reached certain thresholds.
Procurement Notes
OCTOBER 10, 2022
13] Even under a cost-type contract, where the Government carries significant risk for cost increases, a contractor may still have to put in extra diligence to demonstrate the reasonableness of costs. [14] 17] However, FAR 16.203-4 limits the use of the FAR EPA clauses to fixed-price contracts. [18] 1) A FAR EPA clause cuts both ways.
Expert insights. Personalized for you.
147 
Let's personalize your content