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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. 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.

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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. GSA’s current use of algorithms and pricing data is instructive in this regard.

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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. Examples of price analysis techniques can be found at FAR 15.404-1(b)(2). FAR 15.400. FAR 15.403-3(c).

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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. GSA’s current use of algorithms and pricing data is instructive in this regard.

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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. The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal procurement.

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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 new prices will be effective Jan 1, 2026. Tom’s contributions to advancing the federal procurement system are truly invaluable.

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Friday Flash 02/16/2024

The Coalition for Government Procurement

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.

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