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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

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]

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COFC: Lapsed SAM Registration During Proposal Evaluations Makes Offeror Ineligible for Award

SmallGovCon

Unfortunately, for both DHHS and Cloud Harbor, the ability to make corrections to minor irregularities only applies to procurements that are performed according to FAR Part 14, pertaining to sealed bidding with non-negotiated procurements. Looking for the latest government contracting legal news?

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Price Reasonableness Analysis: A Bid Evaluation Stage in Public and Project Procurement

The Procurement ClassRoom

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

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What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions. This reduces the need for bid preparation and evaluation. Benefits of Cooperative Purchasing Cost Savings One of the most significant advantages of cooperative purchasing is cost savings.

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The nexus between data management tools, transparency and procurement policy

Federal News Network

Unpacking the Black Box of Price Analysis Over the last several years, GSA has been using a series of data management tools to support the price evaluation of products under the Multiple Award Schedule (MAS) program. How is BPA pricing, typically volume-based pricing, considered in a price comparison evaluation?

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Veterans Affairs announces extension of EHR award for Oracle Cerner

FedScoop

The 11-month option, which the VA said “completes the second option period award,” follows a month of negotiations focused on “supporting value-added services” like system enhancements and improving predictability in hosting, deployment and sustainment, according to a release from the agency.

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The Truth Behind Truth in Negotiations Requests

Capital Edge Consulting

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. It also helps the auditor to determine if Total Time Accounting is used. We can help!