Remove Contract Administration Remove Price Remove Supply Chain
article thumbnail

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.

Price 52
article thumbnail

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.

Price 59
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

GSA’s TDR Expansion – The Journey Continues  

The Coalition for Government Procurement

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.

Price 45
article thumbnail

Mastering FAR: 7 Essential Clauses for Government Contractors

Public Contracting Institute

Key elements of the Changes Clause include: Authorization for the Contracting Officer to make changes Contractor’s right to an equitable adjustment Time limits for submitting change proposals Understanding this clause is essential for effective contract administration.

article thumbnail

Thank you for an Outstanding Fall Training Conference!

The Coalition for Government Procurement

This year’s Fall Training Conference featured six opportunities, including GSA Multiple Award Schedule (MAS), GSA Pricing Tools, GSA Customer and Stakeholder Engagement (CASE), Medical/Surgical Supply BPAs, VA Federal Supply Schedule (FSS), and VA Pathfinder.

article thumbnail

An In-Depth Examination of Inflation Relief for a Government Contractor

Procurement Notes

Department of Labor (“DoL”), Bureau of Labor Statistics (“BLS”), September 13 Consumer Price Index (“CPI”) Summary states that “[o]ver the last 12 months, the all items index increased 8.3 1] Similarly, the BLS September 14 Producer Price Index (“PPI”) Summary states that “[o]n an unadjusted basis, the index for final demand moved up 8.7

article thumbnail

The Unintended Consequences of Policy and Data Overreach

The Coalition for Government Procurement

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.

Data 78