Government Contracts & Investigations

SEPTEMBER 25, 2023

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. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

Negotiation 98

Negotiation Price Government Contracts IT 98

Capital Edge Consulting

FEBRUARY 6, 2024

The following are subject matter areas that represent critical timekeeping internal controls. This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). The post The Truth Behind Truth in Negotiations Requests appeared first on Capital Edge Consulting.

Negotiation 52

Negotiation Accountability Internal Control Distribution 52

Government Contracts Legal Forum

APRIL 30, 2024

Requirements for Fixed Amount Awards and Subawards Section 200.201(b)(1) states that fixed amount awards must be negotiated using the cost principles (or other pricing information) as a guide, and may be used if accurate cost, historical, or unit pricing data is available to establish a reasonable estimate of actual costs.

E-procurement 52

E-procurement Thresholds Internal Control Evaluation 52

Government Contracts & Investigations

FEBRUARY 29, 2024

The standard for reasonableness depends on whether the compensation is paid in accordance with an “arm’s length” labor-management agreement negotiated pursuant to the Federal Labor Relations Act or similar state statutes. [9] 29] As a result, such compensation has a lower the audit risk.

Price 52

Price Government Contracts Government Government 52