This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Many predict that, among other procurement and regulatory reforms, the new administration will implement policies favoring the award of fixed-price government contracts and grants. Throughout the years, the procurement pendulum has swung back and forth in favor of and against fixed-price contracting. DeLancey, Jr.
Given that agencies spend hundreds of billions of dollars on goods and services the more procurement data it has, the better it can understand trends and ‘manage’ procurement. Our first foray into that, the first tool that sits in the Hi-Def environment is called the procurement copilot. Or is it the reverse true?
10 years ago, we launched the Open Contracting Partnership from a single desk in snowy Washington DC with the grand ambition to transform public procurement, the world’s largest marketplace. We were never just after a bit more transparency though, we wanted to transform how procurement is done.
With the responsibility of protecting attendees, crowd control, and maintaining security, procurement teams play a critical role in making sure the staff has everything they need to execute the event. Procurement teams must source reliable security services that can scale up depending on the size and complexity of the event.
In today’s fast-paced and budget-conscious public sector environment, efficient procurement practices are more crucial than ever. Let’s explore what cooperative purchasing entails and delve into the myriad ways it can revolutionize public sector procurement. What is Cooperative Purchasing? Your Peers are Using Cooperatives!
The post Wheelie good procurement: How Mexico City halved costs and improved its bike share scheme appeared first on Open Contracting Partnership. 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.
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. The GPEL will identify opportunities to improve the efficiency and effectiveness of the procurement system to deliver cost effective, best value solutions to meet customer agency mission requirements.
Bridging the digital divide: Implementing open procurement for effective digital transformation Digital transformation is arguably the most important administrative undertaking of governments around the world.
Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.
If you feel like prices for just about everything are going up, you’re not alone. In federal government contracting, however, a contractor may not have the same leeway to raise its prices. Accordingly, issuing an order based on non-FSS pricing under an FSS acquisition would be improper. B-421917.2,
As Congress works on legislation to fill in gaps regarding cloud procurement in federal acquisition regulation, a General Services Administration official said Wednesday that the agency has stepped in to help guide agencies. The post GSA focused on cloud procurement efforts for agencies, official says appeared first on FedScoop.
Air Force for the procurement of advanced, long-range missiles. JASSM, LRASM Contract Modification Details The Department of Defense said Thursday the modification to the firm-fixed-price, undefinitized contract covers the production of Joint Air to The post Lockheed Lands $1.9B
Last weeks FAR & Beyond blog launched the Coalitions Government Procurement Efficiency List (GPEL) for the new federal market. The GPEL will identify opportunities to improve the efficiency and effectiveness of the procurement system to deliver cost effective, best value solutions to meet customer agency mission requirements.
As 2024 draws to a close, we take a look back at what has been achieved over the last year in Public Procurement in Scotland. We asked members of the Public Procurement Group (PPG) to summarise their sectors 2024 achievements. They show that the 16 billion of public procurement spend, we generated 13.8 billion to Scottish GDP.
A top technology trade group is nudging the leadership of the Senate Homeland Security and Governmental Affairs and the House Oversight and Accountability committees to advance a bill aimed at modernizing the federal procurement process. The FIT Procurement Act, introduced last month by Rep. In a letter sent Monday to Sens.
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.
When the Office of Federal Procurement Policy launched its Better Contracting Initiative in November 2023, leaders promised this time would be different when it came to developing enterprisewide software licenses. Currently, prices routinely vary up to 20% for the same software across agencies, OMB wrote in its fact sheet about BCI in 2023.
We have published a Construction Policy Note (CPN) to provide notification of new guidance which details an alternative method of determining the price score in tender assessments – the Graduated Pricing Mechanism (GPM). The principle is that the lowest price is awarded the highest score (i.e. What is the GPM?
Haynes Boone procurement attorney Dan Ramish joined the Federal Drive with Tom Temin to provide more details. So the Court of Federal Claims, one of the judges issued a decision in Tolliver Group that said that the Rule of Two actually applies to an acquisition before there’s even a decision on which procurement vehicle to apply.
In a recent webinar hosted by GovSpend Relationship Manager and SLED expert Paige Mockler, procurement professionals were shown how to leverage GovSpend’s public sector intelligence to meet their procurement goals. The post Webinar Recap: 5 Ways GovSpend Can Help SLED Agencies Meet Procurement Goalss appeared first on GovSpend.
At 2 am on Saturday morning, the day after the 10th Conference of the States Parties to the UN Convention against Corruption (UNCAC) was meant to end in Atlanta, exhausted negotiators finally adopted a resolution on “ Promoting transparency and integrity in public procurement in support of the 2030 Agenda for Sustainable Development ”.
Sometimes federal procurements don’t go according to the rules. That’s what the Justice Department’s Procurement Collusion Strike Force tries to discover and prosecute. I mean, the federal procurement system in the United States is in many ways the gold standard for the world. Is it mostly whistleblowers?
A new procurement tool launched by the White House and the General Services Administration will streamline market research for federal agencies and act as a “complement” to the current request for information process, an Office of Federal Procurement Policy official said in an interview Thursday.
Introduction In public procurement , effectiveness and efficiency are crucial for achieving optimal results using public resources judiciously. Effectiveness in Public Procurement Effectiveness in public procurement measures the degree to which procurement activities meet their intended objectives and outcomes.
With the Procurement Act 2023 set to go live on 24 February 2025, the Cabinet Office has been releasing guidance notes to help both contracting authorities and suppliers prepare. This may include pricing, financial information which could affect the outcome of a future bid, intellectual property and trade secrets.
Procurement is all about achieving value for money. The definition of benchmarking according to the Oxford English Dictionary is: Evaluating (something) by comparison with a standard Benchmarking in procurement can take many forms, the most basic being, simply comparing quotes or bids from incumbent suppliers to ascertain the best value.
DoD issued a final rule DFARS Case 2023-D010 on May 30, 2024, amending The Defense Federal Acquisition Regulation Supplement (DFARS) implementing Section 803 of the National Defense Authorization Act on data required in support of commerciality determinations and price reasonableness under procurements for major weapon systems.
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]
A publicly available tool, ACT Ai aggregates data on over 31 million public procurement projects, linking them with company registration data to detect potential fraud and corruption. Further digging revealed the scope of this procurement: a staggering 6,773 lamp posts had been bought in nine transactions totaling 673 million Baht (US$18.2
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.
Transparency International UK (TI-UK) just dropped a damning report on the UK’s pandemic-era procurement of PPE. But that’s exactly why the UK should’ve let its procurement professionals take the lead. This excellent book discusses the many smart, sensible ways of dealing with emergency procurement. Yes, it was chaotic.
As a procurement professional one of your main objectives will be achieving value for money on purchases. One way to reach this objective is to focus on the cost of acquisition rather than the price of acquisition. Price and cost are often terms that are used interchangeably but in reality, the terms are quite different.
However, in practice, federal agencies are often directed toward larger procurement platforms, which can introduce complexities that hinder small businesses. While these platforms were developed to simplify procurement, they frequently favor larger, established vendors, making it difficult for small businesses to compete on equal footing.
Ivalua Spend Management Insights [ivory-search] 3 Powerful Ways Procurement will Drive the 2030 Saudi Vision Transformation May 30, 2023 | | Procurement Strategy by Sara Omer What is the Saudi Vision 2030 Program? Procurement and supply chain teams will play a crucial role in making this vision a reality.
As it always does, the National Defense Authorization Act known as the NDAA includes a whole section devoted to federal procurement. Zach Prince And it’s really quite popular with a lot of agencies and they get a lot of good work done quickly without having to go through a typical procurement process.
Federal Insights - GSA's FAS streamlining - 9/19/24 [link] Download audio In the battle to modernize and streamline federal procurement, the General Services Administration is on the front lines and in the trenches. We generally negotiated those pricing and terms and conditions with our contracting officers.
The FoRGED Act is the procurement blueprint for the National Defense Authorization Act of 2026. The current statutory language has been interpreted by some to require the lowest price regardless of terms and conditions at the contract level. Competition at the order level includes price competition.
The Procurement at Issue The Navy’s Naval Sea Systems Command (NAVSEA) issued a Request for Task Order Proposals (RTOP) to holders of the SeaPort Next Generation indefinite-delivery, indefinite-quantity (IDIQ) contract seeking to procure administrative and engineering support services. 4106(f)(1) and 10 U.S.C.
million contract for the procurement of critical mortar system components. Army Contract Details The Department of Defense said the two companies will compete for each order of the firm-fixed-price contract for the production of mortar propelling charges. The […]
Ivalua study finds 97% of procurement leaders see significant disruption in direct materials supply chain; 67% not confident in existing technology; 84% consider modernization a ‘strategic priority’. A full 84% of procurement leaders agree that dealing with supply chain disruptions has been their biggest career challenge to-date.
Navy for the procurement of sub-orbital vehicle configurations. Short/Medium SSOV Contract Details The Department of Defense said Friday the firm-fixed-price contract covers the design, manufacture and delivery of short and medium range sub-orbital vehicle configurations. million contract from the U.S.
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.
Our review shows that the most prevalent reasons for sustaining protests during the 2024 fiscal year were: (1) unreasonable technical evaluation; (2) flawed selection decision; and (3) unreasonable cost or price evaluation,” GAO wrote in its report. “It In the short term, agencies must decide by Feb. In a proposed rule from Nov.
CMV-22B Osprey Aircraft Contract Scope The Department of Defense said Friday the fixed-price incentive contract modification involves the procurement of five CMV-22B Navy for the production and delivery of a V-22 Osprey tiltrotor aircraft variant.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content