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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. We just completed two articles on the Truth in Negotiations Act (TINA) [1] and, before that, two articles on Defense Contract Audit Agency (DCAA) audits.

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The nexus between data management tools, transparency and procurement policy

Federal News Network

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.

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The Nexus Between Data Management Tools, Transparency and Procurement Policy

The Coalition for Government Procurement

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.

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Friday Flash 02/09/2024

The Coalition for Government Procurement

This language would require suppliers to adhere to specified actions that are “consistent with the Framework” (although the bills do not specify what these actions will be) and provide “appropriate access to data, models, and parameters…to enable sufficient test and evaluation, verification, and validation.” Register now by clicking here.

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Friday Flash 06/07/2024

The Coalition for Government Procurement

The key features of the JPSR system are: Confidential, user-based access to protect data entry; Risk event evaluation, root cause analysis, and higher-level investigation; Customizable analytical tools and reports to develop and implement proper quality control measures; and Dashboards for monitoring, measuring, and analyzing key data.

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Top Rules for Government Contractors: Essential Knowledge for Compliance

Select GCR

The FAR covers various aspects, including contract formation, administration, pricing, and subcontracting standards, ensuring a standardized approach to federal procurement. Federal contractors must maintain written affirmative action plans, which are subject to evaluation by the Office of Federal Contract Compliance Programs (OFCCP).

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Friday Flash 05/02/2025

The Coalition for Government Procurement

According to the announcement, during the first phase of the Strategy, agencies will gain easier access to information technology (IT) tools with standardized terms and pricing. A price listed in a regularly maintained catalog or price list, available for inspection, showing prices at which sales are made to the general public M arket Price.