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This issue of the Cost Corner concludes our coverage of TINA by addressing DCAA Truth in Negotiations (TIN) compliance audits (defective pricing audits) and identifying best practices for contractors to mitigate defective pricing risk. 18] DCAA’s risk assessment includes both qualitative and quantitative components.
What does this mean for procurement and supplier management? Now there is a time and a place for pricenegotiation 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. .
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.
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.
It grants both price increases and decreases. So, if the contractor’s catalog prices drop, or its labor and/or material costs significantly drop, benchmark dependent, the contractor’s prices may be downward adjusted for the Government’s benefit. (2) 15] In turn, profits may be diminished that way.
While DoD previously focused on grants and procurement commitments, the office is now looking at loans and loan guarantees to move forward with defense industrial base initiatives. Agencies, including the Department of Defense (DoD), are urging Congress to pass appropriations bills into law as soon as possible. or virtually HERE.
This procurement will mark a key milestone as we continue to incentivize more production and delivery of clean energy,” said GSA Administrator Robin Carnahan, who also emphasized the role of the government’s buying power in supporting demand for carbon-free electricity. CIO-SP3 is currently set to expire on April 29, 2024.
These include: (1) negotiations only with the best suited offeror (i.e., the apparent successful offeror); (2) use of the highest rated offeror best value methodology; and (3) the determination of a fair and reasonable price. I love this initiative, but like all good things, innovation must be accompanied by critical thinking.
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