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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.

Price 52
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Navy Names 87 Contractors Under Potential $2.9B Global Logistics IDIQ

ExecutiveBiz

billion firm-fixed-price contract to provide logistics services to support military operations around the world. The Department of Defense said work on the multiple-award indefinite-delivery/indefinite-quantity contract will run concurrently over the next five to 10 years. Global […]

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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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DLA Awards $219M in Contract Modifications to 3 Vendors for Metal Products

GovCon Wire

The Department of Defense said the modifications exercise the second 18-month option term in the firm-fixed-price, indefinite-delivery/indefinite-quantity contract. military branches. The ordering period will run through July 22,

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Envision Technology Secures $249M Navy Contract for Laser System

GovCon Wire

Squad Aiming Laser System Contract The Department of Defense said Monday the firm-fixed-price, indefinite-delivery/indefinite-quantity contract covers spare and repair parts, as well as contractor logistics support and test article refurbishment. Navy to provide the U.S. Marine Corps with the squad aiming laser, or SAL, system.

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ASRC Federal Receives $60M DLA Contract for Facility MRO Support

ExecutiveBiz

ASRC Federal Facilities Logistics, as successor-in-interest to SAIC, has secured a firm-fixed-price, indefinite-delivery/indefinite-quantity bridge contract worth $60 million from the Defense Logistics Agency to provide supplies for the maintenance, repair and operations of facilities.

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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.