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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]
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
Step 1: Use eProcurement Systems as a Potential Source of Revenue. Thinking of procurement as a new source of revenue is certainly counterintuitive, but it fits the bill of thinking differently. However, a smaller subset of these states have looked at eProcurement as a potential source of revenue.
Among the charges are allegations that Raytheon engaged in a bribery scheme to obtain contracts with the Qatari military and misrepresented its costs during contract negotiations with the U.S. This is the second largest government procurement fraud recovery under the Act according to the DOJ. “The Department of Defense (DOD).
No question, government procurement is different from acquisitions outside the public sector, Cunningham believes. He spotlights some best practices and procedures for tech procurement in local government: • Conduct a thorough needs assessment across departments. Prioritize stakeholder engagement, including community input.
Howeversignificant activity is expected after the election, including negotiations on annual spending bills and the National Defense Authorization Act (NDAA). The FIT Procurement Act would increase the simplified acquisition threshold from $200,000 to $500,000 and raise the micro-purchase threshold from $10,000 to $25,000.
Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Cloud-based Procure to Pay platforms are a must-have for any company that wants to become best-class in P2P.
A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
Well, consider the number of federal statutes that govern federal procurements, contracts, and interactions with the federal government: The Competition in Contracting Act (CICA) , the Small Business Act , and the Federal Acquisition Streamlining Act of 1994 , for starters. Raimondo, 144 S. 2244 (2024). You might ask.
The Federal Acquisition Regulation (“FAR”) gives contracting officers significant flexibility in selecting the procurement method they choose to use. Five days later, the Corps advised Great Lakes that it was changing the method of procurement from IFB to RFP (negotiatedprocurement). b) Competitive proposals. []1)
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. By the same regulatory logic, this technique will be a conveyor belt for the shortcomings of the EU AI Act, which will be embedded in public contracts using the clauses.
e)(6) states: A protégé may generally have a total of two mentor-protégé agreements with different mentors. (i) i) Each mentor-protégé agreement may last for no more than six years, as set forth in paragraph (e)(5) of this section. e)(6) be redesignated to be located in the protégé-specific provisions as 13 C.F.R.
A procure-to-pay solution offers a seamless process from point of order to payment. At Ivalua, we’ve seen how a Procure-to-Pay business process ensures sustained benefits through good buying practices, improves visibility and swifter issue resolution, and enables proactive management of suppliers. Reduced errors, fraud and risk.
In a recent bid protest decision, the GAO held that when an agency sought to procure services using the Federal Supply Schedule, the agency could not agree to pay a price higher than the price set forth in the offeror’s underlying FSS contract. The other vendor, Kauffman and Associates, Inc., ” The GAO sustained the protest.
Contractors that have a procurement relationship with a recipient are not required to obtain a UEI. Addition of Cybersecurity Internal Controls 2 CFR 200.303 adds “reasonable” cybersecurity internal control requirements to the information protection internal control requirements at 2 CFR 200.303(e). 7101 et seq.,
This is especially true in the SLED (state, local, and education) market, where procurement processes and regulations can vary widely between jurisdictions. Understand the Process The first step to successfully selling to the government in the SLED market is to understand the procurement process.
This is especially true in the SLED (state, local, and education) market, where procurement processes and regulations can vary widely between jurisdictions. Understand the Process The first step to successfully selling to the government in the SLED market is to understand the procurement process.
A Guide to Contract Management Tools and Processes including a guide to the key steps of the Contract Lifecycle Management Process and to the benefits that using Contract Management software can bring to your Procurement processes. Execution of the contract via e-signature makes for a smooth end to the process. But there’s more.
Spring also means it is time for a Procurement Policy Spring Cleaning Checklist highlighting the key initiatives that will shape procurement operations for customer agencies and industry partners. Increasingly, AI is making its way into procurement operations. Artificial Intelligence (AI). Follow-on IT GWACs and more.
It is a crucial process for organizations that are looking to streamline their procurement activities, better manage spend and suppliers and increase operational efficiency. The last phase of the process, also known as Procure-to-Pay includes the ordering of goods/services, receiving of these, invoicing and payment to suppliers.
What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?
Outsourcing procurement services can have an immediate effect on the efficiencies of operations. It could be unfair to compare a procurement department’s efficiencies to those of an outsourced service; however, the comparison would consider the advantages of accessing a more efficient operation provided by a 3 rd party service provider.
Relying on precedent in Sungwoo E&C Co. benefited from the procurement. The Armed Services Board of Contract Appeals (Board) recently issued notable reminders to contractors regarding its jurisdictional authority and the importance of timely filing claims. The Board explained in DSME Construction Co.,
A specific application for Procurement involves contract analysis. The data in this case is text from natural language , which is rarely structured data. The comprehension of textual data requires the analysis of semantic and syntactic information in a block of text. In particular, synonyms will be represented by close vectors.
There are high economic stakes at play in public procurement—which represents around 12% of GDP and over a third of public expenditure in OECD countries , and even higher proportions in other economies. is perhaps particularly intense in this field of GovTech and RegTech. However, this model does not appeal to the public sector.
A specific application for Procurement involves contract analysis. The data in this case is text from natural language , which is rarely structured data. The comprehension of textual data requires the analysis of semantic and syntactic information in a block of text. In particular, synonyms will be represented by close vectors.
What does this mean for procurement and supplier management? Now there is a time and a place for price negotiation of course, but if you are an organisation where speed, innovation and agility is really important, key suppliers who play essential roles need to be handled differently. .
As a procurement manager, you know how important suppliers are to your organization. Long before you make a purchase decision, you must create the right structure for vendor relationships with your procurement organization. Some giant procure-to-pay (P2P) solutions also have vendor networks financed by supplier fees.
Spring also means it is time for a Procurement Policy Spring Cleaning Checklist highlighting the key initiatives that will shape procurement operations for customer agencies and industry partners. Increasingly, AI is making its way into procurement operations. Artificial Intelligence (AI). Follow-on IT GWACs and more.
Data is beyond critical to Procurement Operations. It’s everything, and the burden falls on procurement leaders to capture pertinent data to build good teams, track performance and show value. Now with Digital Transformation as a mandate, Procurement officers must also find ways to measure their digital progress.
PKP Energetyka, launched the implementation of Ivalua’s state-of-the-art Procurement and Sourcing solution with the participation of OptiBuy. PKP Energetyka decided to implement a SaaS (Software-as-a-Service)-based Advanced Procurement solution, delivered by Ivalua. What convinced us was the certified team.
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.
There are, however, already some clear lessons to be learned by Procurement and Supply Chain leaders. Balance Procurement Objectives. Before diving into specifics, I feel it is important to note how the crisis has emphasized the importance of Procurement / Supply Chain leaders having a balanced set of objectives.
Learn the ins and outs of maintaining compliance, crafting a competitive bid, and positioning your business for growth through federal opportunities, all through the lens of SAM’s pivotal role in government procurement. To thrive in federal contracting, having an active registration on SAM is non-negotiable.
Legal Corner: Bills in US Congress Would Require Federal Agencies and Vendors to Implement NIST AI Framework The Legal Corner provides the procurement community with an opportunity to share insights and comments on relevant legal issues of the day. Become a Sponsor of the 2024 Spring Training Conference! Authored by Howard W.
The EIP Awards recognize individuals and organizations in the Federal procurement community who make significant contributions to the acquisition system. Prepare for 2025: Post-Election Federal Procurement Insights at the Fall Training Conference The 2024 Fall Training Conference – The 2025 Federal Market: What’s Next?
29 The Coalition for Government Procurement is proud to once again host its “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel on October 29! GSA & VA Schedule Contracting Training for In-House Counsel, Oct.
128.401(e)) Programs. A major theme of the proposed rule is promoting uniformity across the size and status certification programs. 125.12) that would impose uniformity around the impact of recertification. 121.104), HUBZone (13 C.F.R. 126.619), WOSB (at 13 CFR 127.504(h)), and VetCert (at 13 C.F.R. SBA’s Proposed Changes to 13 C.F.R.
The governmentwide day on November 20 will feature expert panels addressing “what’s next” after the election for the future of federal procurement. Join us as we dive into what lies ahead for federal procurement in 2025 and beyond! Market and Procurement Outlook Panel: What’s Next?
For those companies, like Ivalua ,that develop a software solution for the Procurement Departments of large groups, paying attention to the user experience means ensuring better adoption of our software and, in the end, an increased compliance with procurement policy for our customers. But what does it cover? Why is this important? .
The agreements were not drafted, negotiated, or signed by the father or his sons. This post highlights the most significant arbitration-related decisions of the Swiss Federal Supreme Court (“SFSC”) in 2023 that are of interest to the international arbitration community at large. as licensor and B. as licensee.
If you have ever read an article about Procurement best practices, you know that a very small minority of teams are categorized as leaders and an equally small minority are considered laggards. Procurement must be able to apply the general principals of Strategic Sourcing in a way specific enough to maximize the value of each spend category.
Jay Blindauer The bond yield curve inverted in October 2022. [1] 1] When that occurred, it started a countdown to recession. At least it has every time since 1968. [2] 2] Specifically, for the last eight recessions since 1968, every single recession was preceded by a bond yield curve inversion. [3] At least it has every time since 1968. [2]
Celebrating a Dedicated Procurement Leader: Wishing Tom Sisti a Happy Retirement! It is with mixed emotions that The Coalition for Government Procurement announces the retirement of Executive Vice President & General Counsel, Tom Sisti. Furthermore, he worked as Procurement Counsel detailed to the U.S.
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