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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

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]

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Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement

The Procurement ClassRoom

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

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The Truth Behind Truth in Negotiations Requests

Capital Edge Consulting

Employee Training DCAA will audit training content and documented attendance. DCAA’s position, as in other cost accounting practices, is that “if it isn’t documented, it didn’t happen.” WAH occurrences do compel a contractor to develop additional documented timekeeping policies related particularly to WAH programs. We can help!

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What is Fair and Reasonable Transparency? 

The CGP

In the past, FAS did, in fact, post operational policy documents, essentially providing the public, including its industry partners, with a virtual library of the guidance governing and shaping contract administration and management across the organization. Transparency is in the government’s interests.

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The FAS realignment: Opportunities for “dead easy?”

Federal News Network

In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions.

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6 Key Elements of Successful RFPs and RFQs

Public Contracting Institute

These documents play a vital role in the procurement process, helping agencies find the right contractors for their projects. Crafting Compelling Documents Creating effective RFP and RFQ documents is crucial for attracting the right contractors. Post-Award Considerations The work doesn’t end once a contract is awarded.

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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.