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Many predict that, among other procurement and regulatory reforms, the new administration will implement policies favoring the award of fixed-pricegovernmentcontracts and grants. Throughout the years, the procurement pendulum has swung back and forth in favor of and against fixed-pricecontracting.
Fraud in the governmentcontracting process costs taxpayers untold dollars each year,” said U.S. We will continue to work with our federal law enforcement partners to investigate and pursue those who commit governmentcontracting fraud.” Attorney Prim F. Escalona for the Northern District of Alabama. “We
How do I get governmentcontracts? Key Takeaways Governmentcontracts offer significant growth opportunities for small businesses, with federal agencies allocating at least 23% of contracting dollars to small businesses annually. government promotes economic growth and job creation.
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?”
Governmentcontracts come in various forms, each designed to fit specific needs. Whether you're new to federal contracting or an experienced supplier, knowing the differences between contract types is crucial for success in this complex industry.
The FAR Council notes that the figures are based on a consumer price index for March 2025 of 323.193 (although we are not sure what this number consists of). If the actual consumer price index differs, the figures may be adjusted. Looking for the latest governmentcontracting legal news?
Trying to figure out how to get a governmentcontract? This no-nonsense guide walks you through the contracting process, from initial eligibility to bidding, and ultimately enables your small business to win contracts available every fiscal year. You’re in the right place!
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government Contractors. 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.
If you feel like prices for just about everything are going up, you’re not alone. In federal governmentcontracting, however, a contractor may not have the same leeway to raise its prices. Accordingly, issuing an order based on non-FSS pricing under an FSS acquisition would be improper.
Winning a governmentcontract can be a major opportunity for small businesses, but understanding contract types is key to success. Firm-Fixed-Price (FFP) contracts are one of the most common governmentcontract types, offering a set payment amount that doesnt change, no matter the contractors actual costs.
But OFPP believes the time is ripe to reduce price variance, secure most favorable terms and conditions and improve the federal cyber posture. Currently, prices routinely vary up to 20% for the same software across agencies, OMB wrote in its fact sheet about BCI in 2023.
Any company receiving a governmentcontract for the first time will have lots of questions and changes to their operations as a result of that contract. The question is, will the accounting structure and approach to the company’s accounting practices have to change?
The current statutory language has been interpreted by some to require the lowest price regardless of terms and conditions at the contract level. Competition at the order level includes price competition. At the order level, sometimes, price is the determining factor for an order.
The case was initiated when Lori Morsell, who administered the contract at issue for Symantec, filed a qui tam whistleblower suit alleging the fraud. Under the False Claims Act’s qui tam provisions, individuals may file lawsuits alleging governmentcontracting fraud on behalf of the United States.
Department of Health and Human Services in Boehringer Ingelheim's challenge to a new Medicare drug price negotiation program, rejecting the pharmaceutical company's claim that the program is unconstitutional. A Connecticut federal judge on Wednesday sided with the U.S.
Supreme Court to clarify disqualification protocol for judges overseeing a case related to their prior work as a government attorney, and energy drink manufacturers want the court to develop a modern-day test to determine if companies qualify as price-discrimination competitors.
Labor is among the largest contract cost recorded to Governmentcontracts. In many cases, they are the most significant; therefore, the Government invests significant efforts to monitoring these costs and auditing them. Our Experts compiled guidance with suggestions to assure organizations are prepared for Floor Checks.
In this episode, they dive into the definition of cost or pricing data. It All Adds Up” is Crowell & Moring’s podcast covering the latest governmentcontract accounting, cost, and pricing developments. Spoiler alert: the devil’s in the details. “It View the full article
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.
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]
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the third article in a multi-part series on the Federal Acquisition Regulation (“FAR”) Cost Principles applicable to contracts with commercial organizations.
Each agency and contract can offer unique challenges, but we offer a few key considerations below to guide contractors in assessing their approaches to potential shutdowns: Assess Impacted Contracts – As a first step, contractors should take inventory of their governmentcontracts to assess how a shutdown could impact performance.
Discover how to navigate the process and secure governmentcontracts for your business. Key Takeaways Bidding on governmentcontracts presents significant growth opportunities for businesses, especially small enterprises, with substantial revenue and credibility benefits. Why Bid on Government Jobs?
Firm fixed price (FFP) contracts are a common type of agreement used in governmentcontracting. Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project.
So the Rule of Two requires federal agencies to set aside procurements for small businesses where there’s a reasonable expectation that at least two small businesses will be able to submit offers at fair market prices and otherwise competitive in terms of quality and delivery. So it’s a huge part of governmentcontracting.
As such, the fact that the Army received any work during October 2013 obligated it to pay the full contractprice for that month. Looking for the latest governmentcontracting legal news? Editor’s note: We are reissuing our recurring post on government shutdowns with a few updates.
We get a lot of questions about federal governmentcontracting as federal governmentcontracting attorneys, which makes sense. This is also unsurprising, as the government really did not do the best job in making it clear what this act does. Looking for the latest governmentcontracting legal news?
Creating a Comprehensive List of GovernmentContracts: Essential Tips and Resources Are you looking to expand your business by securing governmentcontracts? The GovCon Express course offered by the Public Contracting Institute is an excellent starting point for those new to governmentcontracting.
The federal government has urged a Delaware federal judge not to block the Inflation Reduction Act's provision allowing it to negotiate drug prices with pharmaceutical companies, arguing that AstraZeneca doesn't have standing to bring its claims, which, in any event, are meritless.
Want to expand your small business with governmentcontracts? This article covers how a small business government contractor can qualify, find opportunities, and thrive in this space. We’ll explore essential resources, strategies for winning contracts, and compliance requirements.
This guide breaks down the crucial steps: identifying contracting opportunities, understanding procurement processes, and building relationships with government buyers. Dive in to learn strategies that can help you secure lucrative governmentcontracts. Research is a key component of this process.
When it comes to governmentcontracting, choosing the right contract type is crucial for the success of your project. Two common contract types are Firm Fixed Price (FFP) and Cost-Reimbursement contracts.
Andrew Benson, a nearly two-decade finance and pricing executive in the governmentcontracting industry, was appointed vice president of pricing at Astrion, an Oasis Systems-ERC combination working to addressing cybersecurity, mission support, systems engineering and digital challenges across the defense, space and government sectors.
Raj Jayaraman, a 30-year veteran of the federal governmentcontracting industry, has been appointed as senior vice president of competitive intelligence, PTW and strategic pricing at ASRC Federal, the company announced on LinkedIn Monday. Who Is Rai Jayaraman?
Diving into governmentcontracting with SAM requires a clear roadmap to success. SAM.gov stands as a crucial portal for businesses seeking federal contracts. This article delivers a concise guide on effectively using SAM, from completing your registration to enhancing your contracting strategy.
Marc Madison Vice President of Strategic Pricing Administration, Koniag Government Services Marc Madison’s career includes over 20 years of federal pricing experience working for several Fortune 500 governmentcontracting companies. He joined KGS 13 years ago to support an exceptional, growing company.
By understanding the intricacies of prime contracting, businesses can better position themselves to take advantage of governmentcontracting opportunities and expand their operations. Definition of Prime Contractor A prime contractor refers to an entity that receives a governmentcontract to oversee and carry out a project.
For qualified HUBZone mentor-protégé joint ventures, SBA is considering how to “clarify the applicability of the HUBZone price evaluation preference to” HUBZone mentor-protégé joint ventures. Looking for the latest governmentcontracting legal news? Email us or give us a call at 785-200-8919.
GovernmentContract Consulting: When and How to Leverage Expert Support Governmentcontracting can be a lucrative but complex field to navigate. Knowing when and how to engage expert consultants can give your business a major advantage in winning contracts and delivering successful projects.
FAR 52.214-16, Minimum Bid acceptance Period: the contracting officer inserts a time period in that clause, similar to Form 33 above; or A time period set forth somewhere else in the text of the solicitation. The purpose of the extension is to freeze prices while the agency makes its selection, or takes other action.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. This is the second article in a multi-part series on the Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations.
In the world of governmentcontracting, small businesses play a crucial role in fostering innovation and economic growth. The Public Contracting Institute (PCI) is committed to supporting these enterprises through comprehensive training and resources. It provides contracting assistance to small businesses located in these zones.
Offerors are sometimes distressed when an agency selects a significantly higher priced, higher technically rated proposal in a best value determination. The rejected offeror may believe that the government has not properly conducted the best value determination, and request a quantification of the benefits in the higher rated proposal.
Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. DCAA, DCAM ¶ 6-413.1.c. 18] See FAR 31.205-6. [19]
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