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Firm fixed price (FFP) contracts are a common type of agreement used in governmentcontracting. 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.
Diving into governmentcontracting with SAM requires a clear roadmap to success. SAM.gov stands as a crucial portal for businesses seeking federal contracts. This article delivers a concise guide on effectively using SAM, from completing your registration to enhancing your contracting strategy.
It typically involves the following steps: Identifying opportunities Reviewing solicitation documents Attending pre-bid meetings Preparing and submitting a responsive bid Participating in bid evaluation and negotiations To excel in the bidding process, consider enrolling in our Life Sciences Contracting 101 course.
Key Takeaways The Federal Acquisition Regulation (FAR) is the comprehensive set of rules that govern the procurement process of the US federal government, ensuring consistency, ethical practice, and efficiency across all executive agencies.
Introduction to CAS 405 and Unallowable Costs In the complex world of governmentcontracting, understanding and properly accounting for unallowable costs as per Cost Accounting Standard (CAS) 405 is crucial for success. Let’s dive into the intricacies of CAS 405 and explore how proper compliance can benefit your organization.
As a general rule, contractors should not disclose proprietary pricing information to other offerors/competitors during a federal acquisition. The person signing a contractor’s Certificate of Independent Pricing must be the person within the contractor’s organization who is “responsible for determining the prices being offered.”
million while LPE’s price was $28.6 million while LPE’s price was $28.6 The Source Selection Official noted that the evaluation team’s concerns were “not significant in nature” and the technical superiority reflected in LPE’s technical proposal was insufficient to justify its associated price premium (13 percent).
For our MAS Basic Training: The Nuts & Bolts , a one-day training workshop that taught the basics of the General Services Administration (GSA) Multiple Award Schedule (MAS) program, I specifically want to thank the following: Alex Barbee-Garrett and Liam O’Reilly of Crowell & Moring for their presentation on The GSA Schedules Program: An Entry (..)
This guide examines the fundamentals of public procurement, including fairness, value for money, and transparency, and how they influence both ethical and effective procurement procedures. This principle also supports economic growth by encouraging diverse suppliers to contribute to governmentcontracts.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update.
This year’s tables include: November 20: GSA MAS PMO GSA Pricing Tools Medical/Surgical Supply BPAs SAM.gov PMO VA Federal Supply Schedule (FSS) November 21: VA FSS Community Care Network (CCN) View the agendas for more details. Pricing details included in the prospectus. Thus, the VA set the solicitation aside for small business.
2] Schneider Electric held federally funded energy-savings performance contracts, under which its employees fraudulently charged the government for prohibited design costs disguised as allowable unrelated pricing components. Attorney’s Office for the District of Vermont relating to kickbacks and overcharges.[2]
Escalating bonding and insurance values directly increase bid pricing and that cost flows through to an owner, no matter what. Smaller governmentcontracts and projects with SMEs can often provide savings and a high level of performance and accountability.
During the training, Jason, Lorraine, and Addie will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update.
This year’s tables include: November 20: GSA MAS PMO GSA Pricing Tools Medical/Surgical Supply BPAs SAM.gov PMO VA Federal Supply Schedule (FSS) November 21: VA FSS VA Prosthetics Community Care Network (CCN) View the agendas for more details. Pricing details included in the prospectus.
Crowell & Moring’s GovernmentContracts Group discusses the most consequential changes for government contractors here. 3705, which requires offerors to submit data other than certified cost or pricing data so that contracting officers may determine the price reasonableness of a contract, subcontract, or modification.
This panel of government and industry experts will provide a comprehensive overview of cybersecurity compliance issues and how to address them effectively. Accordingly, contractors competing under OT solicitations (as well as governmentcontracting personnel) should be aware of the potential for judicial review of these kinds of acquisitions.
Understanding Federal GovernmentContracting Federal governmentcontracting is a multifaceted process involving the acquisition of goods and services by federal agencies. Governed by a comprehensive set of laws and regulations, this process ensures fairness, transparency, and accountability.
Legitimate sole source situations require thorough justification, including market research and analysis, evidence of unique expertise or specialized needs that only one vendor can fulfill, and a demonstration that the price is fair and reasonable. This must be demonstrated along with ensuring the price is fair and reasonable.
This panel of government and industry experts will provide a comprehensive overview of cybersecurity compliance issues and how to address them effectively. Accordingly, contractors competing under OT solicitations (as well as governmentcontracting personnel) should be aware of the potential for judicial review of these kinds of acquisitions.
This panel of government and industry experts will provide a comprehensive overview of cybersecurity compliance issues and how to address them effectively. Accordingly, contractors competing under OT solicitations (as well as governmentcontracting personnel) should be aware of the potential for judicial review of these kinds of acquisitions.
We strongly encourage you to review these various issues and provide us with your feedback as we shape our responses to submit to the government on behalf of our members. The new EPA clause proposed by GSA is 552.238-118 Economic Price Adjustment—Federal Supply Schedule Contracts. To register, click here.
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.
Marcia built an outstanding career as a procurement lawyer, as evidenced by her numerous accolades and contributions to the governmentcontracting community. Recognized as a well-respected leader and consummate professional across the procurement community, Marcia founded and led Mayer Brown’s US GovernmentContracts practice.
Winning a governmentcontract requires more than just submitting the best proposalyour company must also be deemed responsible by the federal government. Failure to meet responsibility requirements can lead to a contract award being denied, even if a company submits the most competitive bid. Register here.
Winning and keeping governmentcontracts isnt easy. By studying past contract awards , you can uncover key insights: Whats the winning price range? Which suppliers have secured contracts before? What are buyers looking for beyond just price? Cybersecurity & Data Protection Handling government projects?
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