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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

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 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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Bid Protest Minute: GAO’s Task Order Jurisdiction

GovCon & Trade

The Procurement at Issue The Navy’s Naval Sea Systems Command (NAVSEA) issued a Request for Task Order Proposals (RTOP) to holders of the SeaPort Next Generation indefinite-delivery, indefinite-quantity (IDIQ) contract seeking to procure administrative and engineering support services. 4106(f)(1) and 10 U.S.C.

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Phoenix Air Books $166M Navy IDIQ for Airborne Threat Training

ExecutiveBiz

million firm-fixed-price indefinite-delivery/indefinite-quantity contract from the U.S. Navy to simulate airborne threats for training, testing and evaluating shipboard and aircraft squadron weapon systems operators and aircrew on fleet air defense and electronic warfare. Phoenix Air has received a $165.7

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Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

This inquiry aims to determine how an employee records overtime, which will be evaluated for consistency in costs (overtime). Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks. It also helps the auditor to determine if Total Time Accounting is used.

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The Bid Evaluation Process

The Procurement ClassRoom

It is based on years of experience from practicing Public and Project Procurement and takes into consideration bid evaluation procedures and practices applicable under several Public and Project Procurement legal and regulatory frameworks. Bid evaluation is the responsibility of a body known as the Bid Evaluation Panel.

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Contract with the Government: Essentials for Businesses

Select GCR

Key Takeaways Understanding the different types of government contracts—fixed price, cost reimbursement, and time and materials—is crucial for businesses to manage risks and costs effectively while engaging with government projects. There are three primary types of contracts: fixed price, cost reimbursement, and time/materials contracts.

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Back to Basics: The Buy American Act

SmallGovCon

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 price evaluation penalty to the offeror with the lowest priced foreign end product of 20%. What is a Domestic End Product? A list of these items is at FAR 25.104.

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