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Why pricing and quantities go hand-in-hand for a fixed-price contract

Federal News Network

A contractor got into a pricing squeeze when the customer, in this case the Marine Corps, way underestimated the quantities for the services under the fixed-price contract. Why don’t you, contractor, just submit an REA for a go forward, change the unit pricing. This one just seeks a change in the unit prices.

Price 52
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What Happens When an Agency Issue Orders Under a Requirements Contract, Then Reduces Quantities and Partially De-Obligates Funds

Public Contracting Institute

Vectrus”) a task order against a commercial items contract that contained several Contract Line Item Numbers (“CLINs”) associated with housing maintenance. The decision was mixed, depending on the type of pricing was in the various CLINs and the issue of whether a release applied. Vectrus Sys. 63239, January 4, 2024.

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Wunderman Thompson Books $1.9B Marine Corps Contract for Recruitment Advertising Support

GovCon Wire

Wunderman Thompson, an advertising agency that recently merged with VMLY&R to form VML, has secured a hybrid contract potentially valued at $1.91 The Department of Defense said Friday the firm-fixed-price and cost, indefinite-delivery/indefinite-quantity contract, initially worth $834.1 billion from the U.S.

Contract 105
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Energy Department Awards TRANSCOM Technical Support Services Contract to CCS-Ivory Cloud Joint Venture

ExecutiveBiz

The Department of Energy has announced awarding the DOE Transportation Tracking and Communications System Technical Support Services contract to CCS-Ivory Cloud Joint Venture. The contract will primarily provide technical […]

Contract 105
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Noble Secures $562M DLA Contract Modification for Facility Support Services

GovCon Wire

Noble Supply and Logistics has received a Defense Logistics Agency contract modification to provide maintenance, repair and operations supplies support services worth up to $562.5 million to various facilities around the globe.

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Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

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. 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.

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US Navy Announces Winners of $249M NAVFAC Southeast Construction Services Contract

ExecutiveBiz

Navy has awarded 10 companies spots on a firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity construction contract worth $249 million.

Contract 105