Remove Definition Remove Evaluation Remove Negotiation
article thumbnail

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

Government Contracts & Investigations

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. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

article thumbnail

Procurement Methods vs. Solicitation Tools: What Every Procurement Professional Needs to Know

The Procurement ClassRoom

Invitation for Bid (IFB), Bidding Documents QCBS, QBS, FBS, LCS Methods for complex procurements requiring evaluation of both technical and cost factors. Letter of Invitation (LOI) and Direct Negotiation Documents Restricted or Limited Bidding A method restricted to a preselected list of suppliers.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Why most government contractors are feeling confident about 2025

Federal News Network

And I think the labor market is definitely an area of challenge that a lot of contractors are facing, not just this particular issue, but just in general. Absent that, we definitely don’t want them manufactured in places like China or North Korea or Russia. And that shows up in the way they’re evaluating the RFP, for sure.

article thumbnail

Thoughts on what is fair and reasonable?

Federal News Network

Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Emphasis added.) See Section 2. Background, of PAP 2021-05.

Price 70
article thumbnail

Procurement flow-downs can’t be one-sided

Federal News Network

These regulations and associated guidance address a host of contracting officer responsibilities, including but not limited to, proposal evaluation, negotiations, price and/or cost analysis, data rights, and foreign acquisition ( e.g. , TAA). For this reason, procurement policy flow-downs cannot be one-sided. It does not.

article thumbnail

Joint Venture Agreement Fails for Lack of Detail–And Too Much Detail on Venturer Control

SmallGovCon

Not Detailed Enough First, a JV agreement must contain a provision “[s]pecifying the responsibilities of the parties with regard to negotiation of the contract, source of labor, and contract performance ….” 13 C.F.R § 128.402 (c)(7). Section 7.0 ” 13 C.F.R § 128.402 (c)(7). ” 13 C.F.R. 128.402 (c)(2)(i).

article thumbnail

Final EU model contractual AI Clauses available -- some thoughts on regulatory tunnelling

How to Crack a Nut

The model AI clauses have been developed by reference to the (future) obligations arising from the EU AI Act currently under advanced stages of negotiation. Plainly, there is no definition or requirement in the model AI clauses that establishes the meaning of eg trustworthiness—and there is thus no baseline safety net ensuring it.

Buyers 88