article thumbnail

The nexus between data management tools, transparency and procurement policy

Federal News Network

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. Such access is in the public interest because it promotes efficiency and realism.

article thumbnail

Season 11: Episode 10: FAR Facts

Public Contracting Institute

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. Contracting officers are required to document in the contract file the principal elements of the negotiated agreement.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

The Nexus Between Data Management Tools, Transparency and Procurement Policy

The Coalition for Government Procurement

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. Such access is in the public interest because it promotes efficiency and realism.

article thumbnail

Government Contracts Cost and Pricing: The Truth in Negotiations Act, or Whatever the Kids Are Calling It These Days (Part 3)

Government Contracts & Investigations

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] 4] TINA is intended to “level the playing field” by providing Government negotiators the same cost or pricing data available to contractors.

article thumbnail

Top Rules for Government Contractors: Essential Knowledge for Compliance

Select GCR

Key Takeaways Federal contractors must adhere to the Federal Acquisition Regulation (FAR), which ensures fair, transparent, and efficient procurement processes. Its primary aim is to ensure that the procurement processes conducted by federal agencies are fair, transparent, and efficient, thereby maintaining public confidence.

article thumbnail

Friday Flash 08/16/2024

The Coalition for Government Procurement

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 negotiated pricing is the first in a series that will be conducted through the Medicare Drug Price Negotiation Program.

article thumbnail

Friday Flash 02/16/2024

The Coalition for Government Procurement

MAS Basic Training: The Nuts & Bolts, Feb.

Price 52