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Fixed Price Contracts: Government Contractors Beware

Government Contracts Navigator

Many predict that, among other procurement and regulatory reforms, the new administration will implement policies favoring the award of fixed-price government contracts and grants. Throughout the years, the procurement pendulum has swung back and forth in favor of and against fixed-price contracting.

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Pricing Federal Contract Bids: Do’s and Don’ts

Government Contracts & Global Trade

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?”

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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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Lockheed Lands $1.9B Air Force Contract Modification for Long-Range Missiles

GovCon Wire

billion modification to a previously awarded contract from the U.S. JASSM, LRASM Contract Modification Details The Department of Defense said Thursday the modification to the firm-fixed-price, undefinitized contract covers the production of Joint Air to The post Lockheed Lands $1.9B

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GSA closes in on enterprisewide software deal with Microsoft

Federal News Network

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. Currently, prices routinely vary up to 20% for the same software across agencies, OMB wrote in its fact sheet about BCI in 2023.

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Whistleblower Suit Against Lockheed Martin Leads to $29 Million Settlement

Whistleblower Network News

Department of Justice (DOJ) announced that Lockheed Martin Corporation agreed to pay $29 million to settle allegations that it violated the False Claims Act through defective pricing on contracts for F-35 military aircraft. The settlement resolves allegations brought forward by a whistleblower in a qui tam lawsuit.

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Dell Whistleblower Suit Leads to $4.3 Million Settlement over Non-Competitive Bids to the Army

Whistleblower Network News

Fraud in the government contracting 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 government contracting fraud.” Attorney Prim F. Escalona for the Northern District of Alabama. “We