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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. 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.

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Boehringer Appeals HHS Win In Medicare Drug Price Suit

Government Contracts

notified a Connecticut federal court Friday that it will appeal its loss in a lawsuit challenging a new Medicare drug price negotiation 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.

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HHS Drug Pricing Program Flouts Constitution, Boehringer Says

Government Contracts

An "unprecedented" new Medicare price negotiation 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.

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The nexus between data management tools, transparency and procurement policy

Federal News Network

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.

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AstraZeneca Criticizes HHS For Bid To Skirt Drug Price Suit

Government Contracts

AstraZeneca has chided the federal government for seeking a quick win against the drugmaker's challenge to the Medicare drug price negotiation program in a recent brief, arguing that the Centers for Medicare and Medicaid Services mistakenly believes it has "absolute authority to unilaterally dictate prices."

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The Nexus Between Data Management Tools, Transparency and Procurement Policy

The Coalition for Government Procurement

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.

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Corporate Pretenders: Stop Faking It, You’re Killing Innovation

ivalua

Johnston best of luck in her next price negotiation 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.