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Achieving Value for Money – Price vs Cost

Oxford College of Procurement and Supply

One way to reach this objective is to focus on the cost of acquisition rather than the price of acquisition. Price and cost are often terms that are used interchangeably but in reality, the terms are quite different. Cost vs Price Consider two people going to a supermarket at the same time to buy the same list of groceries.

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How Cyber Insurance and Strategies Work Together

GovLoop

Here’s a quick look at how the threat landscape is growing: With the severity of cyberattacks like these on the rise, some agencies are turning to cybersecurity insurance for an added level of protection. A robust cyber strategy ideally will make cyber liability insurance not just affordable, but ultimately unnecessary.

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Whistleblower Suits Lead to Massive Rite Aid Settlements Relating to Opioid Dispensing and Reporting Rebates

Whistleblower Network News

101 Million Settlement over Allegations of Falsely Reporting Rebates Rite Aid and Rite Aid subsidiaries, Elixir Insurance Company, RX Options LLC and RX Solutions LLC agreed to pay the government $101 million to settle the allegations of falsely reporting rebates. Lutzko for the Northern District of Ohio.

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Senate panel signals future work on AI’s impact on housing

FedScoop

Dynamic pricing systems in housing is one area that Congress has already shown interest in — and could be ripe for additional action. I am concerned that these tools may enable property management to coordinate pricing, coordinate escalation in fleet rents and stifle competition,” Warnock said. Raphael Warnock, D-Ga.,

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Can you cap that? Subcontract damages cap might not stick

Federal News Network

Fluor argued that BAE breached the subcontract by directing the changes, while refusing to equitably adjust the subcontract price upward by $183 million, as required by the subcontract’s changes clause. The prime contractor, BAE, argued that the subcontractor Fluor’s delays breached the subcontract, requiring BAE to compensate the Army.

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Hong Kong Arbitration Week Recap: Update on Outcome Related Fee Structure for Arbitration in Hong Kong

Kluwer Arbitration

A step towards this is the establishment of success fee pricing committees within law firms. Mr. Choong also discussed the difficulties posed by pricing success fees at the outset of an engagement, often without a full merits analysis. Sanger noted the development of DBA insurance, which acts as another form of WIP (i.e.,

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Fringe Benefit Rate Increase for SCA Contracts

Select GCR

per hour ensures service employes get major medical insurance coverage. They are not required to offer insurance if they pay out this additional rate. If the contractors want to benefit from pre-tax to reduce the tax cost, the contractor must pay an insurer or participate in a group health plan. The current amount of $4.98