Redstone Government Consulting

NOVEMBER 11, 2024

The Government wants to pay a fair and reasonable price for products and services that they purchase and expects you to pay your suppliers a fair and reasonable price. If the purchase exceeds the micro-purchase threshold, yes $10,000 , you must document the justification as sole source. Oh, if that were only the case.

Purchasing 88

Purchasing Supplier Price Thresholds 88

SmallGovCon

APRIL 15, 2024

The Rule of Two is the federal contracting rule requiring agencies to set aside a solicitation for competition only between small businesses when there are at least two small businesses that could do the work for a fair price. But that rule does have some exceptions. Read on to find out. First, a primer on SBA’s Rule of Two. Simple, right?

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Thresholds Price Bidding Purchasing 110

SmallGovCon

OCTOBER 8, 2024

124.506 states that a solicitation must be competed among 8(a) Program participants if there is a reasonable expectation that at least two eligible 8(a) Program participants will submit offers at a fair market price, the anticipated award price will exceed $7 million for manufacturing NAICS and $4.5 million or less for all others.

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Price Participation Manufacturing Thresholds 113

The Coalition for Government Procurement

MARCH 14, 2025

As a threshold matter, it is important to note that the remaining 85 percent of supplies and products are ordered manually across the VA. An automated ordering platform would provide VHA with the opportunity to leverage the pricing and value associated with the suite of products offered via the MSPV program and other VA contracts.

Supply Chain 49

Supply Chain Purchasing Transparency Price 49

Federal News Network

JUNE 24, 2024

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.

Transparency 86

Transparency Data Procurement Management 86

GovCon & Trade

DECEMBER 18, 2023

Specifically, “[t]he lowest price[d] offer will be evaluated and if it is in the highest category of past performance, no other review will be completed. If it is not in the highest category of past performance, we will evaluate the next lowest [priced] offer in the highest past performance category.” B-418123.4,

Bidding 147

Bidding Contract Evaluation Price 147

SmallGovCon

JUNE 19, 2024

Price Preference For civilian agencies , if the contractor with the lowest priced domestic end product is a large business, then the agency will add a price evaluation penalty to the offeror with the lowest priced foreign end product of 20%. We have talked about the Act before, but now, let’s take a deeper dive into it.

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Price Government Contracts Manufacturing Purchasing 105

SmallGovCon

FEBRUARY 19, 2024

124.506 , if an 8(a) contract price would exceed a certain threshold ($7 million for manufacturing contracts, $4.5 Under 13 C.F.R. million for others), in most cases, the agency must compete the set-aside. 124.506(a)(5) is a provision meant to close up what otherwise would be a loophole in the rules. In Anika Systems, Inc.,

Contract 115

Contract Thresholds Procurement Bidding 115

Federal News Network

JULY 12, 2024

The BAA, however, is a price evaluation preference, which means if the price of a Chinese product is low enough, the federal government will buy that product. For large business offerors, the price preference added to non-domestic offers is 20%, and for small business offerors, it is 30%.

Supply Chain 90

Supply Chain Price Telecommunication Purchasing 90

Federal News Network

FEBRUARY 15, 2024

It was very in-depth, and it had proposals to modernize the program, one of which is to add, a level of competition to the program to ensure that the contractors are performing with excellence and that there’s a chance to do a price competition potentially every five years for the contracts.

Procurement 90

Procurement Price Thresholds Contract 90

SmallGovCon

JULY 18, 2024

On top of this, it also would allow DoD contracting officers to sole source contracts to VOSBs if the contracts are below certain dollar thresholds. The Veteran-Owned Small Business (VOSB) Program has long held a sort of unheralded position in SBA and federal contracting. This new provision would also set up a VOSB contracting goal for DoD.

Contract 105

Contract Government Contracts Price Thresholds 105

The Coalition for Government Procurement

JUNE 21, 2024

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.

Transparency 64

Transparency Data Procurement Management 64

Government Contracts & Investigations

OCTOBER 11, 2023

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. Applicability of the FAR Cost Principles The FAR Cost Principles apply to the “pricing of contracts, subcontracts, and modifications whenever cost analysis is performed.” [1]

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Price Government Contracts Government Government 52

Select GCR

DECEMBER 10, 2024

Most government contracts require a competitive solicitation process, especially for purchases exceeding certain thresholds, typically ranging from $5,000 to $50,000. One approach to securing short-term wins is to offer a proof of concept or low-cost pilots that fall below the agencys competitive threshold.

Government 52

Government Government Buyers Government Contracts 52

Kluwer Arbitration

JULY 17, 2024

a) of the GSA, if gas was not utilised by QAPTL, the gas would be diverted to other consumers; however, QAPTL would remain liable to pay the agreed price netted against the sum collected by any such diversion. QATPL, owned by the Government of Punjab, operates a thermal power plant in northeast Punjab that relies on RLNG as its main fuel.

Thresholds 98

Thresholds Import Contract Negotiation 98

ivalua

MAY 9, 2023

The result– the market has turned into almost a monopoly where there is one dominant provider and the threshold for other vendors is so high that entry is incredibly difficult. In light of existing rules, vendors can deter competition by driving prices down in competitive tenders.

Public Procurement 98

Public Procurement Tender Supplier Procurement 98

Redstone Government Consulting

JANUARY 13, 2025

The common belief is that only when the award of a subcontract exceeds the cost or pricing data threshold. This common belief is what we refer to as a too-often believed myth.

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Thresholds Price Purchasing Government Contracts 52

Fox Rothschild: Government Contracts

DECEMBER 6, 2022

For instance, contractors face a difficult road to recover costs in a firm-fixed-price contracts. As an example, the Department of Defense issued a guidance on Inflation and Economic Price Adjustments, providing some relief for certain contractors performing on firm-fixed-price contracts.

Thresholds 52

Thresholds Supply Chain Price Retail 52

LexBlog: Contracts & Procurement

DECEMBER 6, 2022

For instance, contractors face a difficult road to recover costs in a firm-fixed-price contracts. As an example, the Department of Defense issued a guidance on Inflation and Economic Price Adjustments, providing some relief for certain contractors performing on firm-fixed-price contracts.

Thresholds 52

Thresholds Supply Chain Price Retail 52

Select GCR

MAY 7, 2024

Securing a contract involves preparing a competitive proposal that meets the solicitation document’s requirements, developing effective pricing strategies that balance competitiveness with profitability, and potentially navigating subcontracting and partnerships. It enables them to collaborate on upcoming contracts.

Government Contracts 98

Government Contracts Government Government Contract 98

Public Contracting Institute

OCTOBER 3, 2024

More specifically, each BPA holder shall be provided a specific request for quote (RFQ) for procurement requirements of an anticipated total dollar value exceeding the simplified acquisition threshold. Schedule contracts provide for an extensive volume of competitive cost/price offerings. agency-specific vehicles—IDVs, GWACs, etc.

Purchasing 52

Purchasing Thresholds Price Accountability 52

Public Contracting Institute

OCTOBER 3, 2024

More specifically, each BPA holder shall be provided a specific request for quote (RFQ) for procurement requirements of an anticipated total dollar value exceeding the simplified acquisition threshold. Schedule contracts provide for an extensive volume of competitive cost/price offerings. agency-specific vehicles—IDVs, GWACs, etc.

Purchasing 52

Purchasing Thresholds Price Accountability 52

Federal News Network

AUGUST 20, 2024

The Department of the Navy’s third attempt to modernize its contract writing system and overall electronic procurement system is on shaky ground. That hubris reared its ugly head most recently in June when the Navy retracted a technical assessment that found shortcomings in the Navy’s electronic procurement system (ePS) program.

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Procurement Electronics Contract Evaluation 119

The Coalition for Government Procurement

SEPTEMBER 6, 2024

On August 5, 2024, the General Services Administration (GSA) took a step forward by publishing a final rule to “standardize and simplify the Multiple Award Schedule (MAS) clauses for economic price adjustments.” The GSAR, as currently written, limits when, how often, and by what percentages prices can be adjusted.

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Price Negotiation Transparency Utilities 49

Government Contracts & Investigations

FEBRUARY 29, 2024

Welcome back to the Cost Corner, where we provide practical insight into the complex cost and pricing requirements that apply to Government contractors. The current topic is Federal Acquisition Regulation (FAR) Cost Principles applicable to contracts with commercial organizations. 1] This definition is quite broad.

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Price Government Contracts Government Government 52

Import and Trade Remedies

MARCH 27, 2024

To achieve this it will impose a carbon price on imported goods with the aim of levelling the playing field and ensuring that imported goods are subject to a carbon price that is comparable to that incurred by manufacturers based in the UK. The CBAM proposal forms part of the UK government’s wider strategy to tackle carbon leakage.

Consulting 45

Consulting Thresholds Price Import 45

The Coalition for Government Procurement

JULY 26, 2024

The BAA provides a price evaluation preference, favoring domestic producers over foreign offers in a covered procurement. As such, if the price of an offered Chinese product is low enough, the federal government will buy that product. The Small Business Rules: Is the Price Right for Products Made in China?

Supply Chain 45

Supply Chain Manufacturing Thresholds Price 45

Federal News Network

JANUARY 30, 2024

On the face of it, it’s obviously a big deal for small businesses because now if you’re on one of these multiple award IQ contracts, the onus is going to be on the buying agency to come up with justifications to not give you task orders up to the simplified acquisition threshold, currently $250,000. So, it’s not automatic.

Price 59

Price Thresholds Buyers Data 59

Bonfire

MARCH 29, 2022

Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source. Roundtable participants said under a certain threshold (around $100K for services and $25K for goods) their client departments have full discretion on how to source.

Procurement 52

Procurement Eprocurement Purchasing Participation 52

PNWC's Government Contracting Update

DECEMBER 23, 2019

First, the simplified acquisition threshold currently sits at $150 thousand but there is a FAR proposal on the table that will increase that threshold to $250 thousand. A 19 page summary of its key provisions prepared by the Senate Armed-Services Committee can be read or downloaded here. There are several things to note here.

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Thresholds Bidding Price Quantity 40

Federal News Network

APRIL 30, 2024

Non-compete clauses have been an important tool for companies to protect intellectual property and ensure they get treated fairly when employees leave. Now the Federal Trade Commission has voted to ban non-compete agreements. Presuming it holds up in court, and that’s a big if, what could it mean for federal contractors? Your approach.

Bidding 118

Bidding Professional Services Sustainability Capacity 118

The Coalition for Government Procurement

JULY 12, 2024

The BAA, however, is a price evaluation preference, which means if the price of a Chinese product is low enough, the federal government will buy that product. For large business offerors the price preference added to non-domestic offers is 20%, and for small business offerors it is 30%.

Supply Chain 45

Supply Chain Price Telecommunication Purchasing 45

Government Contracts Legal Forum

APRIL 30, 2024

The Final Rule also makes many changes to 2 CFR Parts 180 and 200, including, but not limited to, increasing the threshold for audits, clarifying the requirements for fixed amount awards, and implementing a mandatory disclosure rule.

E-procurement 52

E-procurement Thresholds Internal Control Evaluation 52

Tracker Intelligence

FEBRUARY 12, 2025

It outlines pricing, service quality and other key details. It is not always about the lowest price but also about quality, experience, and value for money when selecting the best supplier for the job. The factors that are kept in mind include price, quality, delivery time and corporate social responsibility.

Public Procurement 52

Public Procurement Procurement Supplier Tender 52

Federal News Network

FEBRUARY 14, 2024

The number of points needed to meet the threshold to win a spot on the contract went down. He said NITAAC likely will not use a self-scoring sheet, and it will be based on best value evaluation factors and not lowest-price, technically acceptable (LPTA). “We SAN DIEGO — The CIO-SP3 contract is in need of yet another extension.

Bidding 69

Bidding Thresholds Contract Manufacturing 69

Government Contracts & Investigations

FEBRUARY 29, 2024

Although the protester offered the lowest price, the agency found its proposal was technically unacceptable because it did not meet the new characteristics. Consequently, the protester first filed an agency level protest challenging the evaluation, which was denied, and then filed a protest with the GAO. Thus, the GAO sustained the protest.

Bidding 52

Bidding Evaluation Sustainability E-procurement 52

Kluwer Arbitration

JULY 2, 2024

In the underlying investment treaty arbitration, Clorox sought compensation for the alleged expropriation and unfair treatment of its investment by Venezuela, through the enactment of price controls and currency exchange restrictions, and the nationalization of its assets.

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Thresholds Price IT Corruption 52