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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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Price Reasonability in the New Public Procurement Law

BLP

Through the official letter MH-DCoP-OF-0458-2023 of the Public Procurement Directorate of the Ministry of Finance, an interpretation has been made of Article 44 of the Regulations to the new Public Procurement Law regarding the obligation of the Administration to conduc t market research.

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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. 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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Is e-Procurement Free For Buyers?

Mercell

I left with a great feeling and followed-up with an email confirming our services and pricing. Now why do I think this is not in the best overall interest of procurement professionals? We all know public procurement can be made better and more efficient by automating quite a few aspects of your work.

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Effectiveness and Efficiency in Public Procurement: Key Pillars for Optimal Resource Management

The Procurement ClassRoom

Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. Effectiveness in Public Procurement Effectiveness in public procurement measures the degree to which procurement activities meet their intended objectives and outcomes.

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

Whistleblower Network News

.” “The penalty in this case reflects the significant misconduct by Raytheon and the need for global companies to implement meaningful internal accounting controls that ensure that payments to intermediaries are not used to circumvent the restrictions of the FCPA,” said Charles E. Cain, Chief of the SEC Enforcement Division’s FCPA Unit.

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Strengthening public procurement in Africa: a conversation with Joyeuse Uwingeneye

Open Contracting Partnership

It’s an appropriate workplace for the woman spearheading efforts to increase transparency and oversight of public spending in Rwanda, by digitalizing the platform running the country’s public procurement and professionalizing its workforce and processes. Procurement authorities become the initiators,“ says Uwingeneye.