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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.
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."
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.
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.
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.
Webinar: VA Covered Drugs Price Updates, October 25 On October 25, Hogan Lovells’ Partners Allison Pugsley and Joy Sturm will be joined by Ted Karnezis of Ted Karnezis Consulting for a webinar on VA Covered Drug Price Updates. The turnout for the meeting was fantastic! Thank you to Joanne Woytek and her team for all their engagement.
During the training, Jason, Liam, and Alex will cover the following topics and more: Pricing – Transactional Data Reporting (TDR)/Commercial Sales Practices (CSP); Domestic Preferences; Supply Chain; Enforcement/Mandatory Disclosure/Ethics; Sustainability Requirements/Policy; and Bid Protests Update. What’s next for interagency contracting?
This year’s tables include: November 20: GSA MAS PMO GSA Pricing Tools Medical/Surgical Supply BPAs SAM.gov PMO VA Federal Supply Schedule (FSS) November 21: VA FSS Community Care Network (CCN) View the agendas for more details. Pricing details included in the prospectus. What’s next for GSA’s Multiple Award Schedule (MAS) Program?
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).
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.
Contractors should track and document any changes in workload to ensure that any increases in scope and associated cost or price adjustments are appropriately reflected in a contract modification. On fixed-price contracts, any recovery from the government will likely depend on whether the contractor is entitled to an equitable adjustment.
The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal procurement. For businesses aiming to participate in federal government contracting, understanding these regulations is crucial.
Department of Labor (“DoL”), Bureau of Labor Statistics (“BLS”), September 13 Consumer Price Index (“CPI”) Summary states that “[o]ver the last 12 months, the all items index increased 8.3 1] Similarly, the BLS September 14 Producer Price Index (“PPI”) Summary states that “[o]n an unadjusted basis, the index for final demand moved up 8.7
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.
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.
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.
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. These issues may include technical and price.
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. Who uses this information, does a customer agency really care if a contractor does not report it?
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. Who uses this information, does a customer agency really care if a contractor does not report it?
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