Remove Evaluation Remove Import Remove Price
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Bid Protest Minute: GAO’s Task Order Jurisdiction

GovCon & Trade

The protestor’s proposed price was $30,478,050, and its total evaluated price was $30,566,297. The intervenor’s proposed price was $24,848,774, and its total evaluated price 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.

Bidding 147
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GAO Protest Sustain: Flawed Price Realism Analysis

SmallGovCon

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.

Price 59
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Achieving Value for Money – Price vs Cost

Oxford College of Procurement and Supply

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.

Price 59
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Is It a Bid or An RFP?

Mike Purdy's Public Contracting

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.

Bidding 100
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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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Pricing Federal Contract Bids: Do’s and Don’ts

Government Contracts & Global Trade

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?”

Price 52
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GAO’s 2023 Bid Protest Report: More Than Meets the Eye

GovCon & Trade

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 price evaluation. An increase in overall protests.

Bidding 147