The Procurement ClassRoom

JUNE 25, 2019

Price analysis can be considered a stage of bid evaluation depending on the provisions of a legal and regulatory framework. It is an assessment of the evaluated price of a responsive bid to ascertain that it is not unreasonably high nor unreasonably low, but fair enough to the procuring entity and the supplier.

Evaluation 52

Evaluation Price Bidding Procurement 52

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

The Coalition for Government Procurement

MARCH 14, 2025

For example, open market, government credit card orders typically include increased fees for products that are offered at higher prices than available through the MSPV program and create compliance or gray market risks.

Supply Chain 49

Supply Chain Purchasing Transparency Price 49

The Procurement ClassRoom

MAY 11, 2024

It is concerned with the “what” of public procurement—focusing on procuring goods , services , and works that meet specific requirements, delivered on time, within budget, and at the required quality. This supports not only the public sector entity and its stakeholders but also the broader community.

Public Procurement 98

Public Procurement Efficiency Procurement Management 98

Open Contracting Partnership

APRIL 4, 2025

Traditional procurement approaches prioritised lowest price, which led to unintended consequences like accepting bids of lower quality, a lesser performance record or that did not adequately allow buyers to consider equity, sustainability or socio-economic objectives like creating local jobs.

Procurement 52

Procurement Collaboration E-procurement Procurement Team 52

GovSpend

FEBRUARY 29, 2024

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. To further illustrate the importance of price validation, Paige then walked the audience through a spending search for Chromebooks.

Procurement 105

Procurement Purchasing Price Bidding 105

ivalua

MARCH 18, 2021

Ultimately, the buyer can efficiently compare offers and select the optimal supplier(s) according to a best value/best price logic or lower total cost of ownership. This greatly increases the company’s agility, allowing highly efficient purchasing operations.

Strategic Sourcing 98

Strategic Sourcing E-auction Automotive Total Cost of Ownership 98

SmallGovCon

OCTOBER 3, 2024

The small business rule of two requires agencies to restrict procurements for small businesses when there is a “a reasonable expectation of obtaining offers from two or more responsible small business concerns that are competitive in terms of fair market prices, quality, and delivery.” FAR 19.502-2.

Price 110

Price Government Contracts Manufacturing Quality 110

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

ivalua

MAY 30, 2023

It is an important part of the decision-making process and requires careful consideration of a wide range of factors, such as cost, quality, reliability, and delivery times. By maximizing resource utilization and implementing careful procurement management, the government can source the best goods and services at the most competitive prices.

Procurement 19

Procurement Supply Chain Eprocurement Manufacturing 19

Federal News Network

SEPTEMBER 19, 2024

We generally negotiated those pricing and terms and conditions with our contracting officers. The cool thing too, is that we used to run separately a pricing compliance report and we’re actually running this report before the vendors even submit their modification.” And so we relaxed that to one process.

Procurement 108

Procurement Purchasing Negotiation Price 108

Great Government Through Technology

JANUARY 14, 2025

Ground-based sensor networks: Gathering real-time data on factors like air quality, soil moisture, and weather patterns. With such a large pool of vendors, agencies are able to get multiple competitive bids to get the best price for required services.

Competitive Bidding 40

Competitive Bidding Data Integrity Integration 40

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.

Thresholds 110

Thresholds Price Bidding Purchasing 110

Federal News Network

SEPTEMBER 12, 2024

” Evans said DLA analyzes risk in relation to vendors and the item being purchased, in relation to the price quoted for that item. ” Similarly, DLA is using an automated system to make awards in certain cases, where it determines the product is an correct fit and within pricing parameters.

Contract 103

Contract Supplier Logistics Efficiency 103

Open Contracting Partnership

APRIL 1, 2024

million if median internal reference prices were used, to as much as PHP 214 million if the Department of Public Works and Highways construction materials price data were used. Access to data: most documents they needed were available online, but you had to know the contract number, says the team.

Budget 136

Budget Transportation Transportation Bidder 136

American City & Country

SEPTEMBER 27, 2024

This is more than just the flat price of the new technology. Edwards Deming , a leading proponent of statistical quality control in organizations. The technology vendor also needs to have a strong methodology that has been proven to get customers to success quickly.” Team members need to be all-in on the new systems, Witt explains.

Total Cost of Ownership 110

Total Cost of Ownership Cost of Ownership Buyers Buying Process 110

Tracker Intelligence

FEBRUARY 12, 2025

Value: Smart Spending, Not Just Cheap Deals It’s not just about the lowest priceit’s about quality, long-term savings, and corporate social responsibility. The best choice isnt just about priceits about quality, timelines, and reliability. It outlines pricing, service quality and other key details.

Public Procurement 52

Public Procurement Procurement Supplier Tender 52

Redstone Government Consulting

FEBRUARY 3, 2025

However, FAR 1.602-2 (d)(5) specifically prohibits the CO from authorizing the COR to make any commitments or changes that affect price, quality, quantity, delivery, or other terms and conditions of the contract nor in any way direct the contractor or its subcontractors to operate in conflict with the contract terms and conditions.

Contract 52

Contract Quantity Government Government 52

AWS Public Sector

FEBRUARY 14, 2024

The AWS framework helps EdTechs improve cost efficiency, assess functionality expansion, and grow market share, by aligning pricing with solution value to students and institutions. This will result in more accurate cost forecasting, and drive viable business models and pricing strategies. Review your sales pricing model.

Price 75

Price Demand Education Influencing 75

American City & Country

SEPTEMBER 18, 2024

Through that leverage, Cunningham believes that governments can often secure better pricing and terms than they would individually. He points out that these kinds of contracts ensure quality and reliability by involving vendors who have been vetted through a competitive selection process.

Purchasing 110

Purchasing Total Cost of Ownership Government Government 110

Whistleblower Network News

OCTOBER 25, 2023

over allegations that the Minnesota-based company attempted to manipulate the price of oats futures contracts. Commodity Futures Trading Commission (CFTC) posted a Notice of Covered Action (NCA) for an enforcement action taken against Ceres Global Ag Corp. Ceres agreed to pay a $3 million penalty to settle the charges. “If

Price 64

Price Quality Participation Networking 64

Federal News Network

OCTOBER 25, 2024

The General Services Acquisition Regulation (GSAR) and the Federal Acquisition Regulation (FAR) set forth the policies and procedures for the evaluation and negotiation of “fair and reasonable” contract level pricing under the Federal Supply Schedule (FSS) program. Price protections — most favored nations clauses.

Negotiation 59

Negotiation Price Government Government 59

The Coalition for Government Procurement

DECEMBER 15, 2023

Stakeholders must appreciate and understand that there is a nexus between requirements and price, especially for small businesses. Data context in assessing fair and reasonable pricing is foundational to sound acquisition business decisions. It is also a regulatory requirement. See FAR 15.405, 15.403-3 and 15.402.

Price 64

Price Procurement Data Quantity 64

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. DCAA failed to consider subjective discriminators such as level of education, security clearances, customer satisfaction, and product quality. DCAA, DCAM ¶ 6-413.1.c. NASABCA No.

Price 52

Price Government Contracts Government Government 52

Federal News Network

FEBRUARY 9, 2024

Back then, when the MAS was a mandatory source and was limited to products, like office supplies, many in government interpreted the “lowest cost alternative” to default to lowest price, as price was the most discriminating factor. Forty years later, the MAS program is no longer a mandatory source.

Price 52

Price Quantity Quality Import 52

Oxford College of Procurement and Supply

JANUARY 14, 2025

More Than Just Price While price is often the most common focus in benchmarking, it is only one piece of the puzzle. Improves service quality Drives better supplier performance and customer satisfaction. Types of Benchmarking in Procurement The benchmarking approach depends on the objectives and data available.

Procurement 52

Procurement Total Cost of Ownership Supplier Cost of Ownership 52

Oxford College of Procurement and Supply

JANUARY 29, 2024

The benefits of sourcing from overseas include factors such as: Access to a wider market Access to expertise and technology Lower prices If you read last month’s blog you will have discovered or been reminded of understanding the importance between price and cost.

Global Sourcing 59

Global Sourcing IT Supplier Price 59

Mike Purdy's Public Contracting

JUNE 22, 2017

This position also prepares resolutions with applicable supporting documentation for the Board of Commissioners’ review and approval.

Purchasing 100

Purchasing Insurance E-procurement Bidding 100

Mercell

SEPTEMBER 7, 2018

If the award criterion is the most economically advantageous tender (MEAT), this involves scoring bids on price and quality and ranking them. Scores are calculated using a bid evaluation formula that takes as inputs price and quality, and their respective weights. The choice of formula critically affects which bid wins.

Tender 40

Tender Eprocurement Bidding Quality 40

Government Contracts Legal Forum

JULY 18, 2024

In Sparksoft , the Centers for Medicare and Medicaid Services (CMS) sought to procure supplemental security testing for the agency’s Center for Clinical Standards and Quality (CCSQ). GAO issued three sustain decisions in June, but the Sparksoft Corporation decision stands out for its discussion of prejudice.

Sustainability 52

Sustainability Bidding Evaluation Price 52

Tracker Intelligence

FEBRUARY 28, 2024

Customers may select the best offer from submitted tenders based on quality, price, and terms thanks to its transparency, equity, and efficiency of the tender process. This method decreases the number of bids to control and evaluate, concentrating on the quality rather than quantity. It serves as the foundation for the tender.

Tender 52

Tender Bidding Bidder Competitive Bidding 52

Tendersinfo

APRIL 8, 2021

A weightage-based criterion helps the procurement team to select the best out of the lot that gives the best value in terms of Cost, Quality, and experience. It takes into account components like Cost, Quality, and Technicality of various bid proposals while deciding a contract award.

Procurement Team 52

Procurement Team Evaluation Tender Procurement 52

ivalua

DECEMBER 5, 2019

However, all too often supplier relationships become transactional, where the primary focus is to cut supplier prices. Not only will this allow businesses, in the UK and globally, to innovate at pace, but it also creates collaborative partnerships that generate more sustainable cost savings, rather than pressuring suppliers to cut prices. .

Supplier 68

Supplier Innovation Procurement Consumer Demands 68

American City & Country

AUGUST 27, 2024

He adds that cooperative deals can help produce an expanded vendor pool, reduce administrative costs and improve the quality of products and services available to cities and counties.

Government 98

Government Government Bidding Purchasing 98

SmallGovCon

SEPTEMBER 27, 2024

Million Fine for Bribery Conspiracy Highway Contractor to Pay $950,000 to Settle False Claims Act Allegations The post SmallGovCon Week in Review: September 23-27, 2024 first appeared on SmallGovCon - Government Contracts Law Blog.

Category Management 52

Category Management Government Contracts Quality Demand 52

Mercell

APRIL 2, 2019

I left with a great feeling and followed-up with an email confirming our services and pricing. Although our solution was clearly superior in increasing their efficiency and raising the quality of their work, the manager insisted on the no cost option …. Less competition increases cost and lowers quality. The suppliers!

E-procurement 52

E-procurement Buyers Procurement Supplier 52

Open Contracting Partnership

DECEMBER 19, 2023

We are pleased to see “equitable” used to describe the tendering processes which implies moving beyond lowest price to foster economic inclusion.

Public Procurement 140

Public Procurement Procurement E-procurement IT 140