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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.
notified a Connecticut federal court Friday that it will appeal its loss in a lawsuit challenging a new Medicare drug pricenegotiation program on the grounds that it unlawfully compels the pharmaceutical giant to declare prices "fair," takes its property and imposes an excessive fine. Boehringer Ingelheim Pharmaceuticals Inc.
An "unprecedented" new Medicare pricenegotiation program deprives drugmakers of their constitutional rights and forces them to make declarations on issues of public concern that reflect poorly on them, Boehringer Ingelheim Pharmaceuticals Inc.
Underlying these tools is a price analysis algorithm that assesses or compares several pricing data points to generate a “market threshold” that can then be used to determine whether a proposed price is fair and reasonable based on the market information available to GSA. Moreover, there is precedent for it.
AstraZeneca has chided the federal government for seeking a quick win against the drugmaker's challenge to the Medicare drug pricenegotiation program in a recent brief, arguing that the Centers for Medicare and Medicaid Services mistakenly believes it has "absolute authority to unilaterally dictate prices."
Underlying these tools is a price analysis algorithm that assesses or compares several pricing data points to generate a “market threshold” that can then be used to determine whether a proposed price is fair and reasonable based on the market information available to GSA. Moreover, there is precedent for it.
Johnston best of luck in her next pricenegotiation with a “proven enterprise technology company.” And I sure as hell hope they call her bluff. This is an open post to all those corporate types out there who pretend to be interested in “innovative and disruptive” enterprise technologies: please stop wasting our time.
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. This imperative to move quickly has become more critical in part because of technology.
Become a Sponsor of the 2024 Spring Training Conference! The Coalition’s Spring Training Conference is quickly approaching! This year, it will take place on May 8-9 at the Fairview Marriott in Falls Church, VA. We are excited to share that a number of sponsorship opportunities are available for the conference. 2] 13 CFR 125.18(b)(2)(ii).
The training provides the perfect opportunity to learn about navigating the pricenegotiation process, leveraging GSA’s tools, understanding the management and compliance of the Price Reduction Clause, the relative merits of the Commercial Sales Practices format versus Transactional Data Reporting, and more.
GSA & VA Schedule Contracting Training for In-House Counsel, Oct. 29 The Coalition for Government Procurement is proud to once again host its “must attend” General Services Administration (GSA) and Veterans Affairs (VA) Schedule Contracting Training for In-House Counsel on October 29! NW, Washington, D.C. What’s next for interagency contracting?
What’s next for artificial intelligence (AI), cybersecurity, and cloud? What’s next for GSA’s Multiple Award Schedule (MAS) Program? What’s next for interagency contracting? What’s next for GSA’s IT and Professional Services Categories, including the Schedules and GWACs? What’s next for agency acquisition systems?
Last month, the Federal Acquisition Service (FAS) issued a draft Request for Quotes (RFQ) for the proposed governmentwide ASCEND Blanket Purchase Agreement (BPA) for cloud services. Its separate pool approach is compounded further by the separate procurements for each of the pools. It is central to ensuring robust mission support through the BPA.
The shutdown could slow the implementation of the administration’s Medicare drug pricenegotiations (set to begin October 1, 2023), and could threaten HHS oversight of the Medicaid “unwinding” process, as states reevaluate the eligibility of enrollees. government spent $6.27
The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal procurement. Certain modifications may necessitate preliminary pricenegotiations to protect the governments interests.
Celebrating a Dedicated Procurement Leader: Wishing Tom Sisti a Happy Retirement! It is with mixed emotions that The Coalition for Government Procurement announces the retirement of Executive Vice President & General Counsel, Tom Sisti. Furthermore, he worked as Procurement Counsel detailed to the U.S.
It grants both price increases and decreases. So, if the contractor’s catalog prices drop, or its labor and/or material costs significantly drop, benchmark dependent, the contractor’s prices may be downward adjusted for the Government’s benefit. (2) 15] In turn, profits may be diminished that way. As Guideline No.
Agencies, including the Department of Defense (DoD), are urging Congress to pass appropriations bills into law as soon as possible. Over the past decade, the number of small businesses in the defense industrial base has decreased by about 40 percent. Court of Federal Claims.
These include: (1) negotiations only with the best suited offeror (i.e., the apparent successful offeror); (2) use of the highest rated offeror best value methodology; and (3) the determination of a fair and reasonable price. I love this initiative, but like all good things, innovation must be accompanied by critical thinking.
NITAAC Looks to Extend CIO-SP3 by Additional Six Months Federal News Network reports that the National Institutes of Health IT Acquisition and Assessment Center (NITAAC) is seeking to extend the current expiration date of its CIO-SP3 contract vehicle by six months. CIO-SP3 is currently set to expire on April 29, 2024.
The Price Reduction Clause (PRC), which applies to Federal Supply Schedule (FSS) contracting, is not based on statute, and is a price control mechanism. It increases prices for government and commercial customers. It increases prices for government and commercial customers.
The Price Reduction Clause (PRC), which applies to Federal Supply Schedule (FSS) contracting, is not based on statute, and is a price control mechanism. It increases prices for government and commercial customers. It increases prices for government and commercial customers.
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