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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

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 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.

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Agency Could Not Accept Price Above Awardee’s FSS Price, GAO Says

SmallGovCon

If you feel like prices for just about everything are going up, you’re not alone. In federal government contracting, however, a contractor may not have the same leeway to raise its prices. Accordingly, issuing an order based on non-FSS pricing under an FSS acquisition would be improper. B-421917.2,

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Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

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. Department of Defense (DOD).

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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. An RFP is typically used for complex projects where the agency needs detailed proposals, while an RFQ is more suitable for simpler purchases where price is the primary factor.

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Converting a Procurement from Sealed Bidding to Competitive Proposals

Public Contracting Institute

The Federal Acquisition Regulation (“FAR”) gives contracting officers significant flexibility in selecting the procurement method they choose to use. The Corps canceled the IFB citing that all bids were at unreasonable prices and cancellation was in the public interest. In Great Lakes Dredge & Drydock Co., LLC, B-421676.4,

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Season 11: Episode 21: FAR Facts

Public Contracting Institute

As we prepare for our 21st episode of Season 11, here are a few Episode 21 FAR Facts for us to think about: Solicitations for construction contracts are required to contain the Government’s estimated price range for the project. Contracting officers are required to procure architect-engineer services under FAR Part 15 negotiation procedures.

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Register for Our MAS Basic Training and GSA and VA Schedule Contract Training for In-House Counsel Courses!

The Coalition for Government Procurement

These two trainings, which are offered both in-person and virtually, are designed to equip attendees with essential knowledge and tools for navigating the complexities in government procurement. October has featured a busy schedule here at the Coalition, and we are thrilled to conclude the month with these two essential training courses.