Government Contracts & Investigations

SEPTEMBER 25, 2023

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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Negotiation Price Government Contracts IT 98

American City & Country

NOVEMBER 18, 2024

In today’s fast-paced and budget-conscious public sector environment, efficient procurement practices are more crucial than ever. Other agencies can also use the contract with competitive pricing and terms. By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions.

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Purchasing Procurement IT Quality 58

Federal News Network

FEBRUARY 28, 2025

This proposed statutory authority will immediately open up a world of innovation and efficiency for the government and industry. The current statutory language has been interpreted by some to require the lowest price regardless of terms and conditions at the contract level. Competition at the order level includes price competition.

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Price Innovation Quality Contract 53

Oxford College of Procurement and Supply

JANUARY 9, 2024

One way to reach this objective is to focus on the cost of acquisition rather than the price of acquisition. Price and cost are often terms that are used interchangeably but in reality, the terms are quite different. Cost vs Price Consider two people going to a supermarket at the same time to buy the same list of groceries.

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Price Supplier Quality Procurement 59

The Procurement School

JULY 16, 2024

The following article discusses the various steps of contract management and its role in procurement efficiency. But first a definition of efficiency. Efficiency involves achieving intended results while minimizing time, resources and effort. It is about doing things optimally or maximizing time and resource use.

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Efficiency Procurement Contract Supplier 52

The Coalition for Government Procurement

MARCH 14, 2025

The Coalition for Common Sense in Government Procurement (the Coalition) continues to collect recommendations for the Government Procurement Efficiency List (GPEL). In sum, the VA and VHA have a timely and significant efficiency opportunity for the VA Medical Supply Chain. Thank you to all those who have submitted recommendations.

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Supply Chain Purchasing Transparency Price 49

American City & Country

SEPTEMBER 24, 2024

These challenges underscored the need for a more efficient and streamlined procurement system, allowing the county to better serve its departments and ultimately its residents. Cost Savings: By leveraging the industry-leading pricing available through OMNIA Partners’ publicly awarded contracts, Polk County achieved significant cost savings.

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Efficiency Procurement Purchasing Supplier 58

Oxford College of Procurement and Supply

JANUARY 14, 2025

When thinking about benchmarking the most common area that is reviewed is price, but as we know (and as mentioned in previous blogs) price is not the sole factor. Price forms part of cost, and cost is what we should be benchmarking, therefore in procurement areas such as the following should be regularly checked against standards.

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Supplier Supply Chain Price Procurement 59

Redstone Government Consulting

OCTOBER 7, 2024

However, while cost might seem like the most immediate concern, focusing solely on price often leads to long-term challenges that can affect your business's financial health and operational efficiency. When choosing a software system like Unanet for implementation, many organizations are tempted to go with the lowest-cost option.

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Public Contracting Institute

APRIL 23, 2024

Firm fixed price (FFP) contracts are a common type of agreement used in government contracting. Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project.

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Supplier Price Government Government 52

WashngtonExec

MARCH 25, 2024

Andrew Bird Vice President of Pricing & Deal Strategy, IDEMIA Public Security North America Andrew Bird views leveraging technology to enhance outcomes for citizens and customers—such as increased efficiencies, improved service delivery, cost savings and fraud prevention—as a top priority for government.

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Price Efficiency Government Government 52

Federal News Network

DECEMBER 18, 2024

Bureaucratic hurdles Federal agencies, under increasing pressure to modernize and improve operational efficiency, often find themselves constrained by the very procurement systems meant to streamline the process. Larger vendors often have higher overhead and may lack the flexibility that small businesses offer.

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Purchasing Thresholds Buyers Procurement 73

Open Contracting Partnership

MARCH 28, 2024

Case studies: In Colombia , rather than the government trying to document and standardize all possible technologies, the framework agreements created for the IT sector link directly to the providers’ public web pages, which list all of their services and prices. Purchased systems need to replace or work within existing systems.

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Procurement Framework Agreement IT Public Private Partnership 138

Public Contracting Institute

APRIL 19, 2024

Two common contract types are Firm Fixed Price (FFP) and Cost-Reimbursement contracts. Firm Fixed Price Contracts In a Firm Fixed Price contract, the contractor agrees to deliver a specific product or service at a predetermined price.

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Price Government Government Contract 52

Federal News Network

JUNE 24, 2024

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.

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AWS Public Sector

NOVEMBER 20, 2024

Additionally, the ability to share developed assets (prompts, apps, functions, knowledge bases) across departments promotes collaboration and efficiency, ensuring that successful AI applications can be replicated and scaled throughout the organization.

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Government Government Accountability Education 98

ivalua

APRIL 20, 2021

Leveraging purchasing power to capture volume- based pricing within a competitive supply chain builds sticky relationships with healthy suppliers, keeps input costs low, and acts as a hedge against inflation. Ivalua offers a fully integrated Dynamic Discounting module to efficiently identify or present suppliers the option to be paid early.

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Efficiency Buyers Supply Chain Supplier 52

Tracker Intelligence

NOVEMBER 20, 2024

Procurement analytics is quickly becoming a core practice for efficient operations and effective sourcing in today’s rapidly changing business environment. contract compliance, procurement cycle efficiency). Prior purchase data is also used for demand forecasting improving resource management and operational efficiency.

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Efficiency Data Procurement Supply Chain 52

FedScoop

OCTOBER 21, 2024

In today’s rapidly evolving landscape, the federal government’s ability to efficiently procure emerging technologies is paramount to maintaining operational agility, improving public services, and safeguarding national security,” the letter continued. Eric Burlison, R-Mo., Furthermore, this provision will help U.S.

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Procurement Thresholds Innovation Efficiency 110

WashngtonExec

MARCH 21, 2024

Hagen McHenry Vice President of Pricing, Estimating & Competitive Assessment, Peraton Hagen McHenry and his team were laser focused on increasing Peraton’s strategic capabilities and agility, further conveying their value to government customers, through the execution of over 1,000 pricing actions in 2023.

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ivalua

MARCH 18, 2021

This greatly increases the company’s agility, allowing highly efficient purchasing operations. Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership.

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Strategic Sourcing E-auction Automotive Total Cost of Ownership 98

Select GCR

OCTOBER 29, 2024

HUBZone-certified businesses not only gain eligibility for set-aside contracts but also receive a 10% price evaluation preference in full and open contract competitions. These contracts offer streamlined ordering procedures, saving time and money, and making procurement planning more efficient for federal agencies.

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The CGP

SEPTEMBER 8, 2023

The better industry understands requirements, policies, and procedures, the more efficiently and effectively it can respond to the government’s needs. In the interim, the document should be rescinded, with contracting officers referring back to the GSAR and FAR for guidance on determining fair and reasonable pricing.

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Transparency Negotiation Price Procurement 100

The Coalition for Government Procurement

JUNE 21, 2024

Data management tools, like pricing algorithms and artificial intelligence (AI), are playing an ever-larger role in Federal procurement as agencies look to streamline processes, increase efficiency, and improve contract outcomes. GSA’s current use of algorithms and pricing data is instructive in this regard.

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Transparency Data Procurement Management 64

Federal News Network

SEPTEMBER 12, 2024

” Evans said DLA analyzes risk in relation to vendors and the item being purchased, in relation to the price quoted for that item. Improving contracting efficiency DLA already uses an extensive amount of automation in its contracting system, Evans said, as part of a recent push to improve contracting efficiency.

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Contract Supplier Logistics Efficiency 98

AWS Public Sector

FEBRUARY 14, 2024

The AWS framework helps EdTechs improve cost efficiency, assess functionality expansion, and grow market share, by aligning pricing with solution value to students and institutions. This will result in more accurate cost forecasting, and drive viable business models and pricing strategies. Review your sales pricing model.

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Price Demand Education Efficiency 75

AWS Public Sector

JUNE 26, 2024

This investment will help HALO’s current work in Ukraine while supporting the organization’s ability to store, process, and analyze the vast quantity of data it collects more safely and efficiently. This expands access to government customers and offers them selection among speed, performance, and price.

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Innovation Sustainability Logistics Efficiency 124

American City & Country

SEPTEMBER 18, 2024

Local governments face issues that range from balancing public safety and individual privacy rights to managing vast amounts of data securely and efficiently. Through that leverage, Cunningham believes that governments can often secure better pricing and terms than they would individually.

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

Federal News Network

AUGUST 9, 2024

The performance results showed that contract level pricing was better under TDR than under Most Favored Customer (MFC) pricing. Small businesses generated stronger growth under TDR than small businesses under MFC pricing. The PRC is a vestige of the 1980’s MAS program and serves as a significant barrier to entry.

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Price Transparency Supply Chain Data 77

Federal News Network

OCTOBER 20, 2023

Creating consistency across the program based on sound application of the rules will increase efficiency and reduce costs for FAS. PAP 2021-05, Evaluation of FSS Program Pricing, is one such example. Given the significant pricing policy changes outlined in the PAP, it should have been subject to public review and comment.

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Negotiation Price Transparency Data 87

ExecutiveBiz

OCTOBER 22, 2024

million firm-fixed-price, cost contract from the U.S. The Department of Defense said Friday the indefinite-delivery / indefinite-quantity contract is intended to boost the F-35 Joint Program Office’s efficiency and productivity by […] Epsilon, an IT support and cybersecurity provider, has booked a $184.5

IT 59

IT Contract Quantity Price 59

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. – Process efficiency with reduced cycle times and considerably decreased errors or fraud opportunities. Rules and workflow engines automate this part for you.

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Eprocurement E-procurement Supplier Purchasing 94

Great Government Through Technology

JANUARY 14, 2025

This helps improve farm efficiency, allowing farmers to optimize resource allocation (water and fertilizer) based on real-time data on crop health and soil conditions. With such a large pool of vendors, agencies are able to get multiple competitive bids to get the best price for required services.

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ivalua

MAY 9, 2023

In light of existing rules, vendors can deter competition by driving prices down in competitive tenders. However, this strategy may lead to a lack of options and price volatility within the market. Contact Sales The post Lost in Public Space: Exploring the Unknown with the Norwegian Public Sector Segment appeared first on Ivalua.

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Public Procurement Tender Supplier Procurement 98

Select GCR

MAY 7, 2024

Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships. What else can the DSBS do for you?

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Government Contracts Government Government Contract 98

Public Contracting Institute

MAY 9, 2024

Special focus on contract pricing). price negotiations and procedures should be used by contracting officers to determine the price reasonableness of modifications offered under a sealed bid contract. Examples of price analysis techniques can be found at FAR 15.404-1(b)(2). In our next session, we will cover FAR Part 15.4

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Price Negotiation Negotiation Price Bidding 52

FedScoop

JULY 2, 2024

In a letter sent last week, Consumer Reports and the Consumer Federation of America asked CFPB Director Rohit Chopra for “regulatory clarity” on how financial institutions search for and then implement less discriminatory algorithms in their underwriting work and pricing choices.

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Price Import Utilities Efficiency 109