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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-pricecontracting.
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?”
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.
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
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.
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.
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
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 government contracting legal news? Questions about this post?
“Fair and Reasonable” MAS contract level pricing is impacted by a host of factors. These include federal and commercial market conditions, government versus commercial contract terms and conditions, the Federal Acquisition Regulation (FAR), the General Services Acquisition Regulation (GSAR), and FAS policy, procedures, and training.
Interview transcript: Charlotte Phelan: Historically, especially if you go back a multitude of years, the contract data would have been on PDF sheets. There is an efficiency for the contracting officer and efficiency for the supplier efficiency for the contract agency. It would have been in Google Drive or Google Sheets.
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.
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.
If you feel like prices for just about everything are going up, you’re not alone. In federal government contracting, however, a contractor may not have the same leeway to raise its prices. Accordingly, issuing an order based on non-FSS pricing under an FSS acquisition would be improper. B-421917.2,
million contract for the procurement of critical mortar system components. Army Contract Details The Department of Defense said the two companies will compete for each order of the firm-fixed-pricecontract for the production of mortar propelling charges. The […]
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.
Envision Technology has landed a $249 million contract from the U.S. Squad Aiming Laser System Contract The Department of Defense said Monday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract covers spare and repair parts, as well as contractor logistics support and test article refurbishment.
million contract from the U.S. Short/Medium SSOV Contract Details The Department of Defense said Friday the firm-fixed-pricecontract covers the design, manufacture and delivery of short and medium range sub-orbital vehicle configurations. Navy for the procurement of sub-orbital vehicle configurations.
million contract from the U.S. GDMS Contract Details The Department of Defense said Monday the fixed-price-incentive, firm-fixed-price, cost-plus-fixed-fee and cost-only contract with a base value of $139.2 General Dynamics Mission Systems has secured a potential $807.6 million was awarded on Dec.
Inflationary pressures can cause frustration levels among suppliers due to increased costs or reduced demand from customers, particularly when it comes to repeated orders or fixed pricingcontracts. Ivalua’s Contract Management module allows you to easily track milestones and consumption in real time across multiple agreements.
By: Richard Arnholt On November 8, the Government Accountability Office (GAO) denied an unsuccessful bidder’s protest that asserted the Veteran Administration’s (VA) evaluation of Texas Waste Company’s past performance was unreasonable and reflected the Contracting Officer’s (CO) bias.
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.
The joint venture between Bell Textron and Boeing has secured a $590 million undefinitized modification to a previously awarded contract from the U.S. CMV-22B Osprey Aircraft Contract Scope The Department of Defense said Friday the fixed-price incentive contract modification involves the procurement of five CMV-22B
Government contracts 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.
million contract to extend access to the Maven Smart System to all military branches, including the U.S. The company said Friday the five-year firm-fixed pricecontract from the Army Combat Capabilities Development Command Army Research Laboratory aims to streamline Palantir Technologies (NYSE: PLTR) has received a $99.8
The Defense Logistics Agency has awarded contract modifications worth $219 million combined to SupplyCore, I-Solutions Direct and TW Metals to continue delivering commercial metal products to U.S. military branches. The ordering period will run through July 22,
million contract from the U.S. Contract Scope The Department of Defense said Friday the Ultra business initially received a $83.8 million firm-fixed-pricecontract to deliver AN/SPS-73(V) Next Generation Surface Search Radar systems. Ultra Electronics Ocean Systems has booked a potential $420.5
million fixed-price incentive, cost-plus-fixed-fee contract from the U.S. Raytheon, an RTX business, secured a $590.8 Navy for the low-rate initial production of 13 Next Generation Jammer Mid-Band ship sets for the service branch and the Royal Australian Air Force.
million contract modification from the Defense Logistics Agency for continued delivery of commercial maintenance, repair and operations products. MRO Contract Option The Department of Defense said the first 18-month option period of the firm-fixed-pricecontract has been exercised.
billion contract to provide T700 series turbine engines for the service branch. The Department of Defense said Wednesday Army Contracting Command at Redstone Arsenal in Alabama is the contracting activity and received one offer for the firm-fixed-pricecontract through an internet solicitation.
ASRC Federal Facilities Logistics, as successor-in-interest to SAIC, has secured a firm-fixed-price, indefinite-delivery/indefinite-quantity bridge contract worth $60 million from the Defense Logistics Agency to provide supplies for the maintenance, repair and operations of facilities.
billion contract from the U.S. The Department of Defense said Tuesday Army Contracting Command at Detroit Arsenal in Michigan conducted an internet solicitation and received one bid for the fixed-price with economic-price-adjustment contract. Oshkosh’s (NYSE: OSK) defense arm has received a potential five-year, $1.54
Winning a government contract 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 government contract types, offering a set payment amount that doesnt change, no matter the contractors actual costs.
Navy contract worth approximately $198.1 IDIQ Contract Scope The Department of Defense said Friday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract will provide through life support, or TLS, services for 36 MH-60R aircraft units to enable Lockheed Martin has received a U.S.
million contract modification to produce and deliver additional high mobility artillery rocket system launchers and provide support services for the U.S. Army Contracting Command-Redstone received one bid for the firm-fixed-pricecontract modification via the internet and will determine work locations and budget upon issuance of each
10 years ago, we launched the Open Contracting Partnership from a single desk in snowy Washington DC with the grand ambition to transform public procurement, the world’s largest marketplace. Here are three key things that weve learned: 1) Procurement is powerful Our world runs on public contracts.
How do I get government contracts? Key Takeaways Government contracts offer significant growth opportunities for small businesses, with federal agencies allocating at least 23% of contracting dollars to small businesses annually. Annually, at least 23% of contracting dollars are specifically allocated to small businesses.
A Palantir Technologies (NYSE: PLTR) subsidiary has received a five-year, $480 million firm-fixed-pricecontract from the U.S. The Department of Defense said Wednesday Palo Alto, California-headquartered Palantir USG is expected to complete contract work by May 28, 2029, at work locations yet to be determined. According to a
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.),
Navy has awarded 10 companies spots on a firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity construction contract worth $249 million.
Lockheed Martin Rotary and Mission Systems has secured a $60 million contract from the U.S. The cost-plus-fixed-fee, firm-fixed-pricecontract also tasks the company to provide risk management and cyber test frameworks for depot-level repair of the Navy’s […]
billion sole source contract to upgrade the sensors on the F-22 Raptor fighter jets. The Department of Defense said Friday the fixed-price-incentive, undefinitized contract provides for Group B hardware, spares and support equipment. Air Force has awarded RTX (NYSE: RTX) company Raytheon an approximately $1.05
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