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Understanding Firm Fixed Price Contracts: Benefits and Risks for Government Suppliers

Public Contracting Institute

Firm fixed price (FFP) contracts are a common type of agreement used in government contracting. 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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6 Key Elements of Successful RFPs and RFQs

Public Contracting Institute

Understanding the Fundamentals RFPs and RFQs are both tools used in government contracting, but they serve different purposes. An RFP is typically used for complex projects where the agency needs detailed proposals, while an RFQ is more suitable for simpler purchases where price is the primary factor.

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Bid Protest Minute: The High Bar to Proving Contract Officer Bias

GovCon & Trade

Specifically, “[t]he lowest price[d] offer will be evaluated and if it is in the highest category of past performance, no other review will be completed. If it is not in the highest category of past performance, we will evaluate the next lowest [priced] offer in the highest past performance category.”

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Thoughts on what is fair and reasonable?

Federal News Network

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 ). Emphasis added.) See Section 2.

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What is Fair and Reasonable Transparency? 

The CGP

In the past, FAS did, in fact, post operational policy documents, essentially providing the public, including its industry partners, with a virtual library of the guidance governing and shaping contract administration and management across the organization.

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FAR & Beyond: GSA’s TDR Expansion – The Journey Continues

Federal News Network

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.

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Demystifying FedRAMP Certification: The Pathway to Secure Federal Contracts

Public Contracting Institute

Our Subcontract Management from A to Z course covers the essential strategies and best practices for managing subcontractors in the government contracting space. Cost accounting and pricing Government contractors must also navigate the complexities of cost accounting and pricing when pursuing federal contracts.