The following blog is an article taken from our recent ReliAscent Quarterly Newsletter (Volume 5, Issue 3), published earlier this month.Read More
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How a business prices it's goods and services is key to the success of the business. For Government Contractors, this is critical as most Federal Government Contracts require the contracts to be priced per the Federal Acquisition Regulations (FAR) part 15.4. If the contract is for less than the simplified acquisition threshold (this is less than $700,000 per FAR 15.403-4) then certified cost and pricing data of FAR 15.4 doesn't apply. These are the criteria that are exempt from cost and pricing data:
Federal Government proposal pricing is just like setting a commercial price, right? Well the answer may be yes in some cases like when there is a lot of competition, or a commercially available commodity. There are lots of other instances in government contracting where this might not be so simple. In all cases, it can be argued that there should be a good basis supporting each price given to the government.