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Many predict that, among other procurement and regulatory reforms, the new administration will implement policies favoring the award of fixed-pricegovernmentcontracts and grants. Throughout the years, the procurement pendulum has swung back and forth in favor of and against fixed-pricecontracting.
How do I get governmentcontracts? Key Takeaways Governmentcontracts offer significant growth opportunities for small businesses, with federal agencies allocating at least 23% of contracting dollars to small businesses annually. government promotes economic growth and job creation.
The most important section in your federal proposal and contract will always be pricing – just ask any CEO or federal buyer. But in today’s government market, there are a lot of areas that can confuse a contractor’s pricing strategy. And when you win the bid, the questions remain: “will we make a profit?”
Fraud in the governmentcontracting process costs taxpayers untold dollars each year,” said U.S. We will continue to work with our federal law enforcement partners to investigate and pursue those who commit governmentcontracting fraud.” Attorney Prim F. Escalona for the Northern District of Alabama. “We
Governmentcontracts come in various forms, each designed to fit specific needs. Whether you're new to federal contracting or an experienced supplier, knowing the differences between contract types is crucial for success in this complex industry.
The FAR Council notes that the figures are based on a consumer price index for March 2025 of 323.193 (although we are not sure what this number consists of). If the actual consumer price index differs, the figures may be adjusted. Looking for the latest governmentcontracting legal news? Questions about this post?
Trying to figure out how to get a governmentcontract? This no-nonsense guide walks you through the contracting process, from initial eligibility to bidding, and ultimately enables your small business to win contracts available every fiscal year. You’re in the right place!
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.
Any company receiving a governmentcontract for the first time will have lots of questions and changes to their operations as a result of that contract. The question is, will the accounting structure and approach to the company’s accounting practices have to change?
Following a four-week bench trial, Gen Digital was found liable “for making knowing false claims to the United States when it mispresented its commercial sales practices during the negotiation and subsequent performance of a General Services Administration (GSA) contract,” according to the government.
Winning a governmentcontract can be a major opportunity for small businesses, but understanding contract types is key to success. Firm-Fixed-Price (FFP) contracts are one of the most common governmentcontract types, offering a set payment amount that doesnt change, no matter the contractors actual costs.
If you feel like prices for just about everything are going up, you’re not alone. In federal governmentcontracting, however, a contractor may not have the same leeway to raise its prices. CMS issued the RFQ to five GSA Schedule vendors under the procedures of FAR Subpart 8.4 , which governs FSS acquisitions.
When the Office of Federal Procurement Policy launched its Better Contracting Initiative in November 2023, leaders promised this time would be different when it came to developing enterprisewide software licenses. Having spent the last six months working with Microsoft, the government is pleased with the emerging alliance.
The rule, which applied to open market competitions, will, once the rule is finalized, also apply to multiple award contract vehicles. And so based on that interpretation of the Small Business Act and the implementing regulations of procurement vehicle, that’s a multiple-award contract would also be subject to the Rule of Two.
With respect to the federal contractor workforce, the report summarized as follows: The shutdown resulted in over 10,000 stop work orders for contracts and numerous temporary layoffs among the federal contractor community. In terms of payment, the contract divided the period of performance into 12 service units of one month each.
In this episode, they dive into the definition of cost or pricing data. It All Adds Up” is Crowell & Moring’s podcast covering the latest governmentcontract accounting, cost, and pricing developments. Spoiler alert: the devil’s in the details. “It View the full article
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Inadequate recordkeeping can lead to low rankings in an audit or even worse: loss of contract.
The current statutory language has been interpreted by some to require the lowest price regardless of terms and conditions at the contract level. Competition at the order level includes price competition. At the order level, sometimes, price is the determining factor for an order.
Each agency and contract can offer unique challenges, but we offer a few key considerations below to guide contractors in assessing their approaches to potential shutdowns: Assess Impacted Contracts – As a first step, contractors should take inventory of their governmentcontracts to assess how a shutdown could impact performance.
and its subsidiaries will pay $5 million to settle charges that they violated the False Claims Act (FCA) “by falsely overstating cost or pricing data included in a subcontract proposal for work under a contract with the U.S. government. Department of the Army.” Attorney Dawn N.
Want to start selling to governments but dont know where to begin? This guide breaks down the crucial steps: identifying contracting opportunities, understanding procurement processes, and building relationships with government buyers. Dive in to learn strategies that can help you secure lucrative governmentcontracts.
This guide explains each step, from finding opportunities and registering in SAM, to crafting a strong bid and increasing your chances of winning contracts. Discover how to navigate the process and secure governmentcontracts for your business. Why Bid on Government Jobs?
Want to expand your small business with governmentcontracts? This article covers how a small business government contractor can qualify, find opportunities, and thrive in this space. We’ll explore essential resources, strategies for winning contracts, and compliance requirements. Recognizing the potential, the U.S.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. which applies to contracts with commercial organizations. We now move on to the FAR Cost Principles, specifically FAR Subpart 31.2,
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.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the third article in a multi-part series on the Federal Acquisition Regulation (“FAR”) Cost Principles applicable to contracts with commercial organizations.
This article will explore what is prime contractor roles, responsibilities, and the importance of prime contractors in government projects. Key Takeaways Prime contractors, central to federal contracts, manage and ensure compliance with government projects, hiring subcontractors and overseeing all aspects from start to finish.
We often see price realism in protests when the protester is making the claim that the awardee’s price, which was lower than the protester’s price, is low enough that the awardee would not be able to perform the work as solicited. Most often, GAO will determine that the agency’s price realism analysis was acceptable.
Creating a Comprehensive List of GovernmentContracts: Essential Tips and Resources Are you looking to expand your business by securing governmentcontracts? The GovCon Express course offered by the Public Contracting Institute is an excellent starting point for those new to governmentcontracting.
Diving into governmentcontracting with SAM requires a clear roadmap to success. SAM.gov stands as a crucial portal for businesses seeking federal contracts. This article delivers a concise guide on effectively using SAM, from completing your registration to enhancing your contracting strategy.
The fix is in for federal small business contracting. Ernst said she believes her bill, the Conforming Procedures for Federal Task and Delivery Order Contracts Act , will let agencies push reviews of cost back to the task order level where it belongs. And this fix is actually a good one. Gary Peters (D-Mich.), Gary Peters (D-Mich.),
When it comes to governmentcontracting, choosing the right contract type is crucial for the success of your project. Two common contract types are Firm Fixed Price (FFP) and Cost-Reimbursement contracts. Risk tolerance: Consider the risk appetite of both the government and the contractor.
We get a lot of questions about federal governmentcontracting as federal governmentcontracting attorneys, which makes sense. This is also unsurprising, as the government really did not do the best job in making it clear what this act does. Looking for the latest governmentcontracting legal news?
But when they are used they can be a powerful tool to keep contracting dollars intended for small businesses to stay with small businesses. If you want to keep an award, be sure that you, or a similarly situated subcontractor, will be performing the primary and vital parts of the contract and that you can support that assertion with evidence.
GovernmentContract Consulting: When and How to Leverage Expert Support Governmentcontracting can be a lucrative but complex field to navigate. Knowing when and how to engage expert consultants can give your business a major advantage in winning contracts and delivering successful projects.
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. This program allows agencies to set aside contracts specifically for SDVOSBs.
Small business enterprise certification, particularly MWBE certification, helps minority and women-owned businesses secure governmentcontracts and receive valuable support. Key Takeaways MWBE certification enhances business opportunities for minority and women-owned enterprises by prioritizing them in governmentcontract procurement.
The Procurement at Issue The Navy’s Naval Sea Systems Command (NAVSEA) issued a Request for Task Order Proposals (RTOP) to holders of the SeaPort Next Generation indefinite-delivery, indefinite-quantity (IDIQ) contract seeking to procure administrative and engineering support services. 4106(f)(1) and 10 U.S.C. 4106(f)(1) and 10 U.S.C.
One of the perks of being certified in any of the SBA’s small business socioeconomic contracting programs is the fact that there is potential for a sole source award. As you will see below, it is easier for contracting officers to give sole source awards to 8(a) Program participants. What is a sole source award?
used distorted pricing for medium-term construction contracts that produced significantly inflated and unreasonably low-cost estimates, according to a government watchdog. Federal building overseers in the Southeast U.S.
In federal governmentcontracting news this week, be sure to check out the stories about the new sustainability rules (and our recent blog ), as well as new legislation on solicitation language and buying technology. It’s wonderful weather for all those recently planted gardens, however, as long as the storms aren’t bad!
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part series on the Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations.
It said, “[t]here is also a perception that small businesses often enter joint ventures to seek multiple award contract awards because procuring agency past performance and experience requirements make it difficult for many small businesses to qualify for the awards individually.”
Cybersecurity is a big deal in governmentcontracting. It’s a program created by the Department of Defense (DoD) to make sure companies working with the government are keeping their data safe. The better your grade, the more secure you are, and the more likely you are to win governmentcontracts.
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