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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.
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.
Special focus on contract pricing). pricenegotiations 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). FAR 15.400. FAR 15.403-3(c).
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.
Key Takeaways Federal contractors must adhere to the Federal Acquisition Regulation (FAR), which ensures fair, transparent, and efficient procurement processes. The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal 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 new prices will be effective Jan 1, 2026. Tom’s contributions to advancing the federal procurement system are truly invaluable.
During the briefing, they answered member questions on labor categories, economic price adjustments, TDR, joint ventures and other topics. The Coalition sincerely thanks Cheryl, Kim, and Marquita for their commitment to an open dialogue and spirit of partnership with industry.
In recent years, the Government has been focused on initiatives that promote efficiency and innovation in contracting. These include: (1) negotiations only with the best suited offeror (i.e., Negotiating with the Apparent Successful Offeror The first bright-line violation concerns the way agencies interact with the best suited offeror.
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. It increases prices for government and commercial customers.
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. It increases prices for government and commercial customers.
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