Remove Price Remove Purchasing Remove Quantity
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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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Webinar Recap: 5 Ways GovSpend Can Help SLED Agencies Meet Procurement Goalss

GovSpend

The agenda promised insights into vendor verification, sourcing new vendors, validating pricing against historical purchase orders, market research, and tailoring bids and RFQs for success. This revelation motivated him to bring more transparency to government purchasing.

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Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts

Capital Edge Consulting

Two Quick Ways to Fail DCAA T imekeeping Requirements The federal government is the biggest purchaser of goods and services, so it's important that you have a good grip on your accounting practices. Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks.

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Webinar Recap: 5 Ways GovSpend Can Help SLED Agencies Meet Procurement Goals

GovSpend

The agenda promised insights into vendor verification, sourcing new vendors, validating pricing against historical purchase orders, market research, and tailoring bids and RFQs for success. This revelation motivated him to bring more transparency to government purchasing.

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DOD Issues Final DFARS Rule Implementing Increased Buy American Restrictions for Defense Procurements

Inside Government Contracts

The new rule (1) increases the applicable domestic content threshold for domestic end products, and (2) creates a framework for the application of an enhanced price preference for domestic products that are considered critical products or are made up of critical components. The list will be populated in a separate rulemaking.

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Back to Basics: The Buy American Act

SmallGovCon

The Buy American Act “[r]estricts the purchase of supplies, that are not domestic end products, for use within the United States” unless an exception applies. If the contractor with the lowest priced domestic end product is a small business, the penalty is 30%. However, this law does not actually prohibit the acquisition of non-U.S.

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Landscape maintenance supplies and equipment are often near the top of local government shopping lists

American City & Country

McGinty notes however, that local governments may buy less regularly and in smaller quantities than for-profit landscaping businesses. McGinty notes that some municipal governments are bound by laws or regulations requiring agencies and departments to publicly seek bids before purchasing supplies or services.