Federal News Network

JANUARY 12, 2024

On November 16, 2023, the General Services Administration issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. limits on the timing and number of price adjustments). Pricing context is dependent on accurate, relevant data.

Price 52

Price Negotiation Data Contract 52

Federal News Network

OCTOBER 20, 2023

In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions. Data context is critical to data driven decision making.

Negotiation 87

Negotiation Price Transparency Data 87

Oxford College of Procurement and Supply

AUGUST 23, 2023

In this post, we explain what strategic sourcing is, why it is important and how it can be implemented. Traditional sourcing was all about sourcing goods at the lowest possible price. Where price is the primary component of traditional sourcing, it is just one component of strategic sourcing. Why is strategic sourcing important?

Strategic Sourcing 52

Strategic Sourcing Import Total Cost of Ownership IT 52

Federal News Network

NOVEMBER 17, 2023

As one of three major acquisition policy changes GSA is seeking over the next year, the proposal would remove language in the schedules program that many blame for why agencies use lowest price, technically acceptable (LPTA) still too often. The update to CICA is one of three legislative proposals GSA submitted to Congress.

Price 96

Price Supply Chain Risk Management Contract 96

The Coalition for Government Procurement

JANUARY 24, 2025

It is important to note that over the years, a host of recommendations have been developed to streamline Federal procurement, reduce barriers to entry, and increase access to the commercial market. Embrace dynamic pricing models that leverage competition from the commercial market.

Efficiency 40

Efficiency Procurement Government Government 40

The Coalition for Government Procurement

JANUARY 12, 2024

On November 16, 2023, GSA issued a proposed rule updating the General Services Acquisition Regulation (GSAR) Federal Supply Schedule Economic Price Adjustment (EPA) clauses. The rule proposes to remove “certain economic price adjustment requirements within these clauses to better align with commercial standards and practices.”

Price 45

Price Negotiation Data Supplier 45

American City & Country

SEPTEMBER 18, 2024

Cross-departmental collaboration and scalable solutions are important to maximizing ROI and adapting to changing citizen demands within budget constraints.” Additionally, it’s important to plan for the entire product lifecycle, factoring in system maintenance, upgrades and eventual replacement when considering budget constraints.”

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

The Coalition for Government Procurement

JUNE 21, 2024

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.

Transparency 64

Transparency Data Procurement Management 64

Government Contracts & Investigations

OCTOBER 11, 2023

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]

Price 52

Price Government Contracts Government Government 52

Kluwer Arbitration

OCTOBER 15, 2024

For example, due to an increased focus on value with tighter margins, price disputes in LNG projects are becoming more likely and frequent. This contrasts with a more conciliatory approach leading to negotiated outcomes that had previously prevailed in Asia, as discussed further below. ICC, SIAC).

Price 59

Price Negotiation Finance Accountability 59

American City & Country

AUGUST 27, 2024

It’s important to identify the types of projects you will be completing. The SiteOne executive says cooperative purchasing agreements can help local governments streamline the procurement process by reducing the time spent seeking bids, evaluating vendors and negotiating individual contracts.

Government 98

Government Government Bidding Purchasing 98

Federal News Network

NOVEMBER 3, 2023

Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.

Price 64

Price Evaluation Negotiation Purchasing 64

Public Contracting Institute

JULY 31, 2024

An RFP is typically used for complex projects where the agency needs detailed proposals, while an RFQ is more suitable for simpler purchases where price is the primary factor. Mastering Cost and Price Analysis Accurate cost estimation and effective price analysis are crucial components of successful RFPs and RFQs.

Negotiation 52

Negotiation E-procurement Price Government Contracts 52

The Coalition for Government Procurement

SEPTEMBER 6, 2024

On August 5, 2024, the General Services Administration (GSA) took a step forward by publishing a final rule to “standardize and simplify the Multiple Award Schedule (MAS) clauses for economic price adjustments.” The GSAR, as currently written, limits when, how often, and by what percentages prices can be adjusted.

Price 49

Price Negotiation Transparency Utilities 49

Open Contracting Partnership

DECEMBER 19, 2023

At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.

Public Procurement 140

Public Procurement Procurement E-procurement IT 140

Select GCR

DECEMBER 3, 2024

Government agency programs like the GSA Schedules provide long-term contracts, allowing businesses to sell commercial products and services at pre-negotiated prices, simplifying the purchasing process. Understanding the pricing structure outlined in the RFP can help in formulating a bid that aligns with government expectations.

Bidding 52

Bidding Government Government Buyers 52

Select GCR

NOVEMBER 12, 2024

This article will explore what is prime contractor roles, responsibilities, and the importance of prime contractors in government projects. Importance in Government Projects The successful realization of federal contracts greatly depends on prime contractors fulfilling their contractual obligations.

Government Contracts 52

Government Contracts Contract Bidding Participation 52

ivalua

JANUARY 13, 2021

– Spend control through real-time visibility into budget consumption, negotiated prices, preferred suppliers, engagement channels. This is important to maximize the adoption of the tool and eventually of the process. Rules and workflow engines automate this part for you. It is key to avoid maverick spend.

Eprocurement 94

Eprocurement E-procurement Supplier Purchasing 94

Public Contracting Institute

MAY 20, 2024

It typically involves the following steps: Identifying opportunities Reviewing solicitation documents Attending pre-bid meetings Preparing and submitting a responsive bid Participating in bid evaluation and negotiations To excel in the bidding process, consider enrolling in our Life Sciences Contracting 101 course.

Bidding 52

Bidding Government Government Negotiation 52

Federal News Network

FEBRUARY 22, 2024

A lot of companies have trade secrets, have pricing models, have sensitive information on their systems. Recognizing that initial reports may not contain complete information, even incomplete early reports provide the government an important opportunity to limit the extent of damage to its systems and data,” the proposed rule states.

Professional Services 94

Professional Services Import Data Balance 94

The Coalition for Government Procurement

NOVEMBER 3, 2023

Federal Acquisition Policy and Procedure (PAP) 2021-05, Evaluation of FSS Program Pricing , sets forth “comprehensive guidance regarding the evaluation of pricing throughout the life of a Federal Supply Schedule (FSS) program contract.” Pay a Fair and Reasonable Price ). Emphasis added.) See Section 2.

Price 49

Price Evaluation Negotiation Purchasing 49

Tracker Intelligence

SEPTEMBER 26, 2024

Introduction to Construction Tenders in the UK For companies that require tenders in order to obtain new contracts, construction tenders are particularly important in the UK. A contractor’s ability to deliver quality work on time and within the budget is often the most important factor considered throughout the tender process.

Tender 52

Tender Bidding Negotiation Price 52

The Procurement School

JULY 16, 2024

For a more complete description of Contract Management process click here Clear Language Clear and precise contract terms and conditions are important in contract management. One of the greatest sources of contract disputes is how to handle price increase requests where there is no clear contract language.

Efficiency 52

Efficiency Procurement Contract Supplier 52

ivalua

APRIL 6, 2021

The complete contract lifecycle management process includes a contract request or initiation, authoring, negotiation/redlining and approval stages, execution and signature as well as obligation monitoring, renewals, amendments and expiration. Why is it Important to Manage Contracts? But there’s more.

Management 52

Management Contract Contract Management Supply Chain 52

ivalua

JANUARY 29, 2020

If you want a supplier to work quickly, to provide their best ideas, people or products to support your business, they won’t be responsive if for the last three years you only communicated to beat them up on price or criticise their delivery performance. However, supplier collaboration is much easier to talk about than implement.

Collaboration 65

Collaboration Innovation Procurement Supplier 65

Kluwer Arbitration

JULY 17, 2024

How domestic courts approach challenges to arbitration awards is of increasing importance as foreign parties often decide to seat an arbitration in a jurisdiction that they believe will provide the greatest stability to governing the arbitration process. Under Section 3.6(a)

Thresholds 98

Thresholds Import Contract Negotiation 98

ivalua

NOVEMBER 23, 2020

Their mission is to aggregate product purchases from member healthcare providers and secure lower product prices for them, particularly on commodity-type items, like flu vaccine. There are some important lessons to be learned from the Baylor Scott & White experience. That is why it is no surprise that 98% of all U.S.

Supply Chain 52

Supply Chain Procurement Purchasing Distribution 52

ivalua

SEPTEMBER 10, 2019

Too many suppliers in one category may mean it’s time to simplify or negotiate better pricing with fewer vendors. The ability to pay on time suggests procurement has negotiated good terms for the business and that finance runs its part of the payment process effectively.

Supplier 56

Supplier Electronics Negotiation Finance 56

The Coalition for Government Procurement

FEBRUARY 23, 2024

First and foremost, if enacted, the legislative language will enable the Schedule program to continue to modernize beyond the price reduction clause, which clause represents the antithesis of best value. Certainly, there will be task or delivery order competitions where price is the determining factor.

Price 45

Price Innovation Quality Participation 45

The Coalition for Government Procurement

OCTOBER 20, 2023

In turn, this will lead to more consistent and sound negotiation and administration of MAS contracts. In the past, the regional structure gave rise to differing cultures, negotiation approaches, and interpretations of applicable regulations and solicitation provisions. Data context is critical to data driven decision making.

Negotiation 40

Negotiation Price Transparency Data 40

Tendersinfo

MARCH 24, 2021

The higher the value of the contract higher is the team size hence it important to understand the metrics based on which a bid is successful. Procurement Professionals evaluate Tenders based on Price v/s Quality. Hence it is important to put your best foot forward and put across your best potential to the procurement team.

Public Procurement 52

Public Procurement Procurement Tender Bidding 52

Federal News Network

MARCH 25, 2024

Multiple Award Schedule (MAS) Price Evaluation. Significantly, the Federal Acquisition Service (FAS) is revising its guidance to contracting officers regarding the evaluation/negotiation of MAS contract pricing. The Coalition appreciates the efforts of FAS to maintain dialogue with industry on this important guidance.

Procurement 58

Procurement Supply Chain E-procurement Buyers 58

The Procurement ClassRoom

JUNE 21, 2015

To overcome this, it’s important not to overlook the need for special technical expertise to assist with the development of technical specifications , scope of work and terms of reference. You can use an electronic calendar, such as the Google or MS Outlook calendars, to set reminders of important dates on the procurement schedule.

Public Procurement 40

Public Procurement Procurement Bidder Tender 40

ivalua

APRIL 11, 2022

TELUS’ procurement team set out to reduce off-contract buying in order to avoid the erosion of negotiated pricing and service levels of its suppliers. We created a buying experience that is tailored, elegant, and most importantly, has been adopted across a complex organization.

Procurement 52

Procurement IT Buying Process Consulting 52

Kluwer Arbitration

MARCH 30, 2024

All in all, the panelists agreed that the increasing use of mediation and negotiation imply a change of mindset within Brazil, although there is still much room for growth. As exposed by Mr. Adell, starting at the negotiation stage, there are several situations that could lead to a dispute, such as breach of confidentiality or exclusivity.

Efficiency 52

Efficiency Negotiation Buyers Price 52

ivalua

JUNE 16, 2021

MENA countries import a lot of food; disrupted supply chains and price increases mean potential food shortages. Cut off from these important imports, MENA companies sharpened their focus on transforming supply chains, as a means of becoming more resilient and agile. Governmental support will also be an important factor.

Supply Chain 52

Supply Chain Eprocurement Procurement Team Supplier 52

Kluwer Arbitration

DECEMBER 3, 2023

As for dispute resolution provisions, Mr. Olefson stressed that, for in-house counsel, it is frequently more important to focus on the company’s commercial objectives and ensure that the deal closes than on any particular dispute resolution provision. As for what in-house counsel look for in outside counsel, the answer was clear: the best.

Management 52

Management Negotiation Import Price 52