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Technical data for DoD contracts is defined at the DFARS 252.227.7013 clause, paragraph a, subparagraph (14): ""Technical data" means recorded information, regardless of the form or method of the recording, of a scientific or technical nature (including computer software documentation).
The US Truth in Negotiations Act 1962 ("TINA") requires that contractors submitting bids should supply certified cost or pricing data before an agreement on price for most negotiated procurements for government contracts worth more than $750,000 for prime contracts awarded before July 1, 2018, and $2 million for prime contracts awarded on or ...
This contract type may be contrasted with a cost-plus contract, which is intended to cover the costs incurred by the contractor plus an additional amount for profit, and with time-and-materials contracts and labor-hour contracts. [1] Fixed-price contracts are one of the main options available when contracting for supplies to governments.
Los Angeles has given out five contracts worth $100 million or more since the start of the 2023-24 offseason – as many as the rest of the MLB combined – and is the favorite to win the 2025 ...
In some instances, a contract may be exempt from CAS standards: Contracts awarded to small businesses are exempt from CAS, regardless of contract size. Any contract less than US$750,000 is always exempt. Any contract less than US$7.5 million is exempt, provided the company has not been awarded a contract greater than US$7.5 million in the past.
Furthermore, 43% of retirees believe their benefits will be cut in the future, while 47% of nonretired adults worry that Social Security won't be able to pay them a benefit at all once they retire.
IDIQ contracts are frequently awarded by various U.S. government agencies, including the General Services Administration (GSA) [6] and Department of Defense. [7] They can be in the form of multi-agency contracts under the Government-Wide Acquisition Contracts (GWAC) system, or they may be government agency-specific contracts. [8]
Conspiracy theorist Alex Jones' Infowars broadcasts could end next week as he faces a court-ordered auction of his company's assets to help pay the more than $1 billion defamation judgment he owes ...