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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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Why contractor pricing misconduct seems to endure perpetually

Federal News Network

The company is under Justice Department investigations for defective pricing, foreign bribery and violations of the Arms Export Control Act. And I don’t believe we’re using that power effectively to drive the best prices. Not some fly-by-night, but rather the legacy contractor Raytheon. Tom Temin Right.

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

Government Contracts & Investigations

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]

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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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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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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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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.