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Why contractor pricing misconduct seems to endure perpetually

Federal News Network

The company is under Justice Department investigations for defective pricing, foreign bribery and violations of the Arms Export Control Act. A defense contractor this month agreed to pay nearly a billion dollars to settle criminal fraud and other federal charges. Not some fly-by-night, but rather the legacy contractor Raytheon.

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What is Cooperative Purchasing & How Does it Benefit Public Sector Procurement?

American City & Country

Other agencies can also use the contract with competitive pricing and terms. By pooling demand, public sector entities can benefit from bulk buying discounts and negotiated price reductions. Let’s explore what cooperative purchasing entails and delve into the myriad ways it can revolutionize public sector procurement.

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Multiple Award Schedule (MAS) Pricing Paradoxes

The CGP

“Fair and Reasonable” MAS contract level pricing is impacted by a host of factors. Contracting officers must assess, analyze, and apply these factors when reviewing an offeror’s proposal and negotiating fair and reasonable pricing. MAS contracts are not requirements contracts. When an MAS contract is not an MAS contract.

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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. 3] TINA defines cost or pricing data to mean all facts that, as of the relevant date, a prudent buyer or seller would reasonably expect to affect price negotiations significantly. [4]

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Wheelie good procurement: How Mexico City halved costs and improved its bike share scheme

Open Contracting Partnership

Mexico City is a leader in urban mobility, with a public bike share system that is the longest-running and largest network of its kind in Latin America. The project was supported by OCP’s Lift impact accelerator , helping to integrate open contracting principles firmly in the solicitation process. And read the full story here.

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Whistleblower Suit Against Lockheed Martin Leads to $29 Million Settlement

Whistleblower Network News

Department of Justice (DOJ) announced that Lockheed Martin Corporation agreed to pay $29 million to settle allegations that it violated the False Claims Act through defective pricing on contracts for F-35 military aircraft. The settlement resolves allegations brought forward by a whistleblower in a qui tam lawsuit.

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Dell Whistleblower Suit Leads to $4.3 Million Settlement over Non-Competitive Bids to the Army

Whistleblower Network News

Dell allegedly operated a deal registration program that gave advantageous pricing to Iron Bow to sell Dell products to the Army. The United States relies on competition to get the best value and price for the American taxpayers,” said Principal Deputy Assistant Attorney General Brian M.