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Why pricing and quantities go hand-in-hand for a fixed-price contract

Federal News Network

A contractor got into a pricing squeeze when the customer, in this case the Marine Corps, way underestimated the quantities for the services under the fixed-price contract. Why don’t you, contractor, just submit an REA for a go forward, change the unit pricing. This one just seeks a change in the unit prices.

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What Happens When an Agency Issue Orders Under a Requirements Contract, Then Reduces Quantities and Partially De-Obligates Funds

Public Contracting Institute

The decision was mixed, depending on the type of pricing was in the various CLINs and the issue of whether a release applied. Claim for full amount in task order Vectrus claimed it was entitled to the full amount in Task Order 63, because it was a fully funded, fixed price contract that set forth definite, not estimated quantities.

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

Capital Edge Consulting

Larger organizations, especially those with in-house DCAA auditors will likely experience a higher quantity of floor checks. The post Mastering Inflation: Navigating Fixed-Price Economic Price Adjustments in Government Contracts appeared first on Capital Edge Consulting. Contact the experts at Capital Edge Consulting today.

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Energy Department Awards TRANSCOM Technical Support Services Contract to CCS-Ivory Cloud Joint Venture

ExecutiveBiz

The up to $15 million indefinite-delivery/indefinite-quantity contract will run from July 1, 2024, to June 30, 2029, and feature firm-fixed-price task orders, the DOE said Tuesday. The contract will primarily provide technical […]

Contract 105
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Northrop Books $198M Navy Contract for Full Rate Production of FMU-139D/B Bomb Fuze

GovCon Wire

Northrop Grumman (NYSE: NOC) has secured a $197.5 million contract from the U.S. Navy for the full rate production of 56,000 FMU-139D/B bomb tactical electronic fuze systems.

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US Navy Announces Winners of $249M NAVFAC Southeast Construction Services Contract

ExecutiveBiz

Navy has awarded 10 companies spots on a firm-fixed-price, multiple-award, indefinite-delivery/indefinite-quantity construction contract worth $249 million.

Contract 105