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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 pricenegotiations significantly. [4] 4] TINA is intended to “level the playing field” by providing Governmentnegotiators the same cost or pricing data available to contractors.
Special focus on contractpricing). pricenegotiations and procedures should be used by contracting officers to determine the price reasonableness of modifications offered under a sealed bid contract. In our next session, we will cover FAR Part 15.4 FAR 15.400. FAR 15.405(b).
Key Takeaways Federal contractors must adhere to the Federal Acquisition Regulation (FAR), which ensures fair, transparent, and efficient procurement processes. Compliance with key labor laws, such as the Service Contract Act and Fair Labor Standards Act, is essential for ensuring fair compensation and safe working conditions for employees.
His deep understanding of the intricacies of government procurement, combined with his forward-thinking approach, has played a crucial role in promoting fair and efficient procurement practices. The negotiatedpricing is the first in a series that will be conducted through the Medicare Drug PriceNegotiation Program.
View from Main Street: Size Recertification Confusion Updates on Timely Topics Impacting the GovernmentContracting Industry from Vice President of Acquisition Policy, Ken Dodds Historically, the length of governmentcontracts did not exceed five years and size was determined at the time of offer (including price) for the contract.
In recent years, the Government has been focused on initiatives that promote efficiency and innovation in contracting. Critical thinking should cause Contracting Professionals to distinguish between an “innovation” and an “incorrect” application of the rules.
In keeping with prior FAR & Beyond blogs on ways to improve the efficiency of the federal procurement process, this blog will focus on regulatory burdens that impose costs on government contractors and impede entry into the federal market by commercial entities. These are just a few examples of unnecessary regulatory burdens.
In keeping with prior FAR & Beyond blogs on ways to improve the efficiency of the federal procurement process, this blog will focus on regulatory burdens that impose costs on government contractors and impede entry into the federal market by commercial entities. These are just a few examples of unnecessary regulatory burdens.
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