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The micro-purchase threshold, the simplified acquisition threshold, the 8(a) sole source contract ceiling and several other similar acquisition limits are likely to increase in 2025. Two data points help us understand some important facets of federal contracting. Protests of contracts went down last fiscal year.
Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.
“Fair and Reasonable” MAS contract level pricing is impacted by a host of factors. Contracting officers must assess, analyze, and apply these factors when reviewing an offeror’s proposal and negotiating fair and reasonable pricing. Previous FAR & Beyond blogs regarding this topic can be found here and here.
Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. Coalition members generally support the use of these new data management technologies.
As a threshold matter, it is important to note that the remaining 85 percent of supplies and products are ordered manually across the VA. An automated ordering platform would provide VHA with the opportunity to leverage the pricing and value associated with the suite of products offered via the MSPV program and other VA contracts.
124.506 , if an 8(a) contract price would exceed a certain threshold ($7 million for manufacturing contracts, $4.5 1, 2024) , the SEC (the federal one, not the football one), had a two-step acquisition plan for data management services. Under 13 C.F.R. million for others), in most cases, the agency must compete the set-aside.
The Government considers a split purchase when a contractor intentionally breaks down a requirement to stay under a regulatory threshold (e.g., micro-purchase, simplified acquisition threshold, or Truthful Cost or PricingData Act (TINA)) in order to circumvent procurement requirements or avoid having to compete.
We have had several clients tell us they have purchase orders under the Truthful Cost or PricingData (TINA) threshold for what they believe to be commercial purchases.
The common belief is that only when the award of a subcontract exceeds the cost or pricingdatathreshold. When is a commercial determination required in the Federal Acquisition Regulations (FAR)? This common belief is what we refer to as a too-often believed myth.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]
Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships. Each agency has specific contractual needs.
Market intelligence tools like GovWin IQ and the Federal Procurement Data System (FPDS) can streamline this process and provide key insights into public sector sales opportunities. One approach to securing short-term wins is to offer a proof of concept or low-cost pilots that fall below the agencys competitive threshold.
New small business rules, GSA data gathering to club contractors with, all while appropriations seem to be forever in the future. I think that the nature of service buyers, typically, they’re going to be over the simplified acquisition threshold, for all but the most modest types of programs. And we’re kind of here.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. DCAA’s arbitrary 10% range of reasonableness ignored the high degree of data dispersion in the survey data.
The Final Rule also makes many changes to 2 CFR Parts 180 and 200, including, but not limited to, increasing the threshold for audits, clarifying the requirements for fixed amount awards, and implementing a mandatory disclosure rule.
On August 5, 2024, the General Services Administration (GSA) took a step forward by publishing a final rule to “standardize and simplify the Multiple Award Schedule (MAS) clauses for economic price adjustments.” The GSAR, as currently written, limits when, how often, and by what percentages prices can be adjusted.
First, the simplified acquisition threshold currently sits at $150 thousand but there is a FAR proposal on the table that will increase that threshold to $250 thousand. We have been discussing some of the procurement related provisions buried in the bill. There are several things to note here. Second, the request must be in writing.
The 2020 European strategy for data ear-marked public procurement as a high priority area for the development of common European data spaces for public administrations. In many cases, the data quality needs to be improved. The procurement data governance framework is now planned to be developed in the second half of 2023.
I think we recently saw an article that we crossed $100 billion a year market share threshold, which was somewhat unheard of just even a few years ago, but it’s all due to an unknown. 100% of acquisition, the heart of the smart modern acquisition is data. We have to share this data with each other.
30, 2026, according to a 2020 memo from Kim Herring, the then-acting principal director of the Office of Defense Contract and Pricing. But in terms of actual data of any actual problems with the project, we haven’t seen any such.” The system has executed over $22.6 ePS went live on Sept. Navy requests $15.6M
The most important innovation, acknowledging the weakness of the existing mechanisms, such as transfer pricing and thin capitalization rules, is the transfer of income from low tax countries to other countries with taxation rates over 15%. In an open and globalized economy, these two problems affect all countries.
Tom Temin Especially in markets where prices are falling. The basic proposal here is that, regardless of whether an employee is a salaried employee or an hourly wage employee, if they’re below a certain threshold, in this case, nearly $60,000 a year in terms of salary, then you would have to pay them overtime.
They were selected based on the implementation of recent open contracting reforms and the availability of procurement data for both before and after the reforms. By implication, each of these cases represent a data rich environment to start with.
In the underlying investment treaty arbitration, Clorox sought compensation for the alleged expropriation and unfair treatment of its investment by Venezuela, through the enactment of price controls and currency exchange restrictions, and the nationalization of its assets.
Now, I guess the truthful costs and pricingdata Act where current, accurate and complete is used and that becomes the hook for False Claims Act liability. And this applies below the simplified acquisition threshold, too. And that’s the language that you see in the Truth and Negotiations Act. Tom Temin Sure.
FAR Cost Principles (FAR Part 31) While not a specific clause, understanding FAR Part 31 Cost Principles is crucial for contractors dealing with cost-reimbursement contracts or those required to submit certified cost or pricingdata.
Key Features of Free Tender Portals Core Characteristics of Free Portals Contracts Finder and Find a Tender are two government contract finder alternatives that provide basic search capabilities as well as vital contract data. By posting contract announcements from public sector organisations, these portals fulfil their legal requirements.
Besides the CMMC clause, there is a separate clause where DOD will notify offerors which CMMC level will be required prior to award for each information system that will store/process data as part of performance under the contract. These proposed rules represent continued affirmation to DOD’s dedication to rolling out CMMC soon.
On November 20, tables include: GSA MAS PMO GSA Pricing Tools Ask the Med/Surg Supply BPAs Ask the SAM.gov PMO VA Federal Supply Schedule (FSS) To view the draft agenda for the governmentwide day, click here. October 28 : Webinar: 2024 (2025 FCPs) Public Law Pricing Update for Covered Drugs – Click here to register. The CMMC 2.0
This language would require suppliers to adhere to specified actions that are “consistent with the Framework” (although the bills do not specify what these actions will be) and provide “appropriate access to data, models, and parameters…to enable sufficient test and evaluation, verification, and validation.”
The report provides insights into the Federal market, including sales data on the GSA and VA Schedules, government-wide contract vehicles, Federal healthcare contracts, and more. If you have any questions or topics for future reports, please contact Michael Hanafin at mhanafin@thecgp.org.
Pricing details included in the prospectus. Using data collected between 2019 and 2023, this survey measures mortality, safety of care, readmission, patient experience, and timely and effective care. Thank you to our current sponsors of the Fall Training Conference! The CMMC 2.0
The Amazon Climate Pledge Friendly badge doesn’t require fees or an application—Amazon matches a products ASIN with the data that they receive from the certification organizations that are included in the program. How do I get it? The Amazon Climate Pledge Friendly Badge is for individual products, not brands.
Pricing details included in the prospectus. Further, confirming the broad applicability of CMMC, DOD confirmed that these requirements will be applicable to contracts below the Simplified Acquisition Threshold (which currently sits at $250,000). For more information, please contact Heather Tarpley at htarpley@thecgp.org.
Particularly, the Personal Consumption Expenditures Price Index (“PCE”) core inflation rate for January 2024 was 2.8%. [30] 33] Importantly, since the inflation high water marks of 2022, mostly what has occurred is disinflation (decrease of the inflation rate), not actual deflation (price decreases). down from 5.5% economy.
The FY 2024 NDAA also includes the Federal Data Center Enhancement Act, the American Security Drone Act, and the Intelligence Authorization Act for FY 2024. Cost Accounting Section 802 amends 10 U.S.C. The provision amends the reporting requirement under 10 U.S.C.
On March 6, 2024, the Federal Circuit vacated the CBCA decision on the threshold jurisdictional issue. VA Data for Healthcare Members In an effort to increase the number of valuable tools available for members, the Coalition has compiled several data sets pertaining to VA Medical Centers’ procedures, diagnoses, and product spend.
This language would require suppliers to adhere to specified actions that are “consistent with the Framework” (although the bills do not specify what these actions will be) and provide “appropriate access to data, models, and parameters…to enable sufficient test and evaluation, verification, and validation.”
Contractors should track and document any changes in workload to ensure that any increases in scope and associated cost or price adjustments are appropriately reflected in a contract modification. On fixed-price contracts, any recovery from the government will likely depend on whether the contractor is entitled to an equitable adjustment.
But I like to think about data center operations. When you’re operating your data center, you can make certain choices about how that data center runs, how efficient it is. Scope two is where you get your power from to power that data center. They’re things like robotic process automation internet of things.
First, some data points to animate the discussion. 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 ” [5] Iron ore prices are down from 2021, but still above 2015-2019 averages.
Pricing details included in the prospectus. Under certain circumstances contracting officers may require continued performance fixed-price contracts if the contractor already has been paid or funds already have been obligated. 8, A3 Price Template V.2 For more information, please contact Heather Tarpley at htarpley@thecgp.org.
“Maximize orders to small businesses under the simplified acquisition threshold (SAT) to the maximum extent practicable.” ” Agencies should review data on what percentage of orders are not set aside and take action on those small-dollar orders. Make BICs work for small business.
While the threshold for reporting under CISA’s rule is higher than, for example, under the Department of Defense’s (“DoD’s”) cyber incident reporting rule (which requires reporting of incidents involving activities that “may have” occurred), this is a welcome acknowledgement of the practicalities of cyber incident detection and response.
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