This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The most important section in your federal proposal and contract will always be pricing – just ask any CEO or federal buyer. But in today’s government market, there are a lot of areas that can confuse a contractor’s pricing strategy. And when you win the bid, the questions remain: “will we make a profit?”
The protestor’s proposed price was $30,478,050, and its total evaluatedprice was $30,566,297. The intervenor’s proposed price was $24,848,774, and its total evaluatedprice was $25,116,561. In response, the Navy insisted that the intervenor’s proposed price of $24.8 4106(f)(1) and 10 U.S.C.
It’s important to have a robust system in place to control access while ensuring that staff and attendees can move freely and efficiently. It’s important to have clear lines of communication between all stakeholders, as well as access to medical personnel who can respond to emergencies on the ground.
In order to evaluate whether suppliers offers are giving a business the optimum value, benchmarking is required. 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. Procurement is all about achieving value for money.
We often see price realism in protests when the protester is making the claim that the awardee’s price, which was lower than the protester’s price, is low enough that the awardee would not be able to perform the work as solicited. Most often, GAO will determine that the agency’s price realism analysis was acceptable.
Invitation to Bid: Public agencies that issue an Invitation to Bid (or a Request for a Quote) have defined a specific scope of work for which they are requesting bid prices. Making the decision of award will be based on price alone. How much is price worth? will be awarded the contract.
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.
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.
Two data points help us understand some important facets of federal contracting. Our review shows that the most prevalent reasons for sustaining protests during the 2024 fiscal year were: (1) unreasonable technical evaluation; (2) flawed selection decision; and (3) unreasonable cost or priceevaluation,” GAO wrote in its report. “It
The report provides important insights into the current state of GAO bid protests. The report details the most popular reasons for sustaining protests over the prior year: 1) unreasonable technical evaluation; 2) flawed selection decision; and 3) unreasonable cost or priceevaluation. An increase in overall protests.
It contains some important insights for how GAO bid protest numbers have changed from prior years. One important point about the GAO bid protest process: GAO met its 100-day deadline to process a bid protest in all cases. This report is GAO’s summary of bid protests for the previous fiscal year.
The decision offers important lessons that contractors should keep in mind when evaluating solicitations; submitting proposals; and evaluating whether and when to file a bid protest. The procurement contemplated the award of a fixed-price contract for help on two missions in the region.
It is important to note that over the years, a host of recommendations have been developed to streamline Federal procurement, reduce barriers to entry, and increase access to the commercial market. Embrace dynamic pricing models that leverage competition from the commercial market.
Size and status protests, which are reviewed by the SBAs Office of Hearings and Appeals (OHA), are far less common than GAO protests which protest an evaluation aspect of a solicitation or award. Why is this important? So, what are the important takeaways here?
The weightage of each criterion determines the relative importance of that criterion to meet the requirements of the government project. Evaluation of tender is divided into two parts first being the technical Evaluation that involves the assessment of the tender bin its technical merit.
The decision offers important lessons that contractors should keep in mind when evaluating solicitations; submitting proposals; and evaluating whether and when to file a bid protest. The procurement contemplated the award of a fixed-price contract for help on two missions in the region.
When submitting an offer, it is important to make sure that all the requirements of the solicitation are met. 17, 2023) , GAO looked at this issue in the context of a lowest-price, technically acceptable (LPTA) solicitation for a brand name or better product, with an unexpected ending that the protester surely did not see coming.
Faced with a changing economic and regulatory landscape, multinational companies are re-evaluating their operating models in the Middle East to remain competitive and enhance performance. Successful business reorganization requires careful planning and implementation to achieve intended operational and financial objectives.
Price Preference For civilian agencies , if the contractor with the lowest priced domestic end product is a large business, then the agency will add a priceevaluation penalty to the offeror with the lowest priced foreign end product of 20%. What is a Domestic End Product?
On November 16, 2023, the General Services Administration issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. limits on the timing and number of price adjustments). Pricing context is dependent on accurate, relevant data.
In this post, we explain what strategic sourcing is, why it is important and how it can be implemented. The process of strategic sourcing requires continuous market analysis, goal recognition and an ongoing re-evaluation of sourcing activities. Traditional sourcing was all about sourcing goods at the lowest possible price.
Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime).
chairman of Homeland Security and Governmental Affairs Committee, and Joni Ernst (R-Iowa), ranking member of the Small Business and Entrepreneurship Committee, are trying to correct a misunderstanding of congressional intent when it comes to how and when agencies should consider price when reviewing proposals for contracts. When [Sen.]
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.
It is important to note that over the years, a host of recommendations have been developed to streamline Federal procurement, reduce barriers to entry, and increase access to the commercial market. Embrace dynamic pricing models that leverage competition from the commercial market.
Doing so is important especially when proposed guidance rises to the level of rulemaking and/or creates new paperwork requirements for private firms seeking to participate in FAS programs. Additionally, FAS should provide the public with a notice and the opportunity to comment on proposed new operational guidance.
On November 16, 2023, GSA issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. The rule proposes to remove “certain economic price adjustment requirements within these clauses to better align with commercial standards and practices.”
One of the most important factors for local governments to consider before purchasing any new technology is how quickly and effectively it can be integrated into an organization’s existing tech stack without disrupting day-to-day operations. This is more than just the flat price of the new technology.
Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” Additionally, it’s important to plan for the entire product lifecycle, factoring in system maintenance, upgrades and eventual replacement when considering budget constraints.”
In a recent protest, the Government Accountability Office (“GAO”) held that although performance risk was not specifically listed as an evaluation criterion, an agency may always consider risk that is intrinsic to the stated evaluation factors. South Dade A/C and Refrig., B-421406, April 25, 2023.
SBA’s proposed rule would change HUBZone protests appeals, principal office requirements (which we did discuss a bit before here ), HUBZone map concepts, and the HUBZone priceevaluation preference (PEP). PEP (PriceEvaluation Preference) Finally, we look at proposed changes to the HUBZone PEP.
PAP 2021-05, Evaluation of FSS Program Pricing, is one such example. This PAP fundamentally alters the MAS negotiation process, establishing evaluation standards, requirements, and procedures not found in the Federal Acquisition Regulation (FAR) or the General Services Acquisition Regulation (GSAR). How old is the data?
The BAA, however, is a priceevaluation preference, which means if the price of a Chinese product is low enough, the federal government will buy that product. For large business offerors, the price preference added to non-domestic offers is 20%, and for small business offerors, it is 30%.
So in this case, this was a procurement under GSA stars three GWAC vehicle and the task order RFP sought a range of technology support services for the Air Force Civil Engineering Center, and it was structured as a primarily fixed price task order with a one year base period and four one year options and an optional six month extension.
As a procurement manager, you know how important suppliers are to your organization. In government co-ops, a lead government agency issues a solicitation for a good or service, evaluates proposals, and awards a contract. And the pricing under these contracts may not be the absolute lowest.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]
Government agency programs like the GSA Schedules provide long-term contracts, allowing businesses to sell commercial products and services at pre-negotiated prices, simplifying the purchasing process. Understanding the pricing structure outlined in the RFP can help in formulating a bid that aligns with government expectations.
HUBZone-certified businesses not only gain eligibility for set-aside contracts but also receive a 10% priceevaluation preference in full and open contract competitions. Cost: provide a clear and competitive pricing structure for your services. Frequently Asked Questions What are NAICS codes, and why are they important?
Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.
One important point about the GAO bid protest process: GAO met its 100-day deadline to process a bid protest in all cases. It also summarizes the general statistics for bid protest decisions. And unlike last year, all agencies followed GAO’s recommendations in connection with bid protests.
Court of Federal Claims concerning an agency's decision not to hold post-award discussions, a timeliness trap in certain Federal Supply Schedule procurements and the importance of providing contemporaneous documentation in price-evaluation protests.
CMS evaluated Sparksoft and the eventual awardee, TSG, as follows: Sparksoft protested, challenging numerous areas of the agency’s evaluation, including challenges under both of the non-cost evaluation factors. GAO walked through challenge after challenge, rejecting each one.
An RFP is typically used for complex projects where the agency needs detailed proposals, while an RFQ is more suitable for simpler purchases where price is the primary factor. Mastering Cost and Price Analysis Accurate cost estimation and effective price analysis are crucial components of successful RFPs and RFQs.
It used a slightly unconventional approach to evaluating bidders. And then assuming you passed, they would assess you based on technical approach and capability, and price. Price was a typical submitted a proposal submission, but for technical approach and capability. But what it actually says is your evaluation criteria.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content