The myths include well definition of risk management, proper use of firm-fixed-price (FFP), and the creation of performance-based contract (PBC) that can reduce risks. List of various best practices in addressing people, processes, prices, and performance (4 Ps) is also presented.GARRETT...
The kind of contract is important, as well; there are Firm-Fixed Price (FFP) contracts and Time and Materials (T&M) contracts. FFP is just what it sounds like. During contract negotiation, a price is agreed upon by both sides and fixed into the contract. This can be a problem if the ...
The commercial sector’s employment of firm, fixed price contracts — notably the approach of SpaceX founder and Trump insider Elon Musk — looks to upset the apple cart of DoD... Government/Military NRO Looks to Bolster Satellite Cyber Protection November 19, 2024 RESTON, VIRGINIA — The...
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Merchant Establishment means any company, establishment, firm or person, wherever located and in whatever form (including the Internet), which is designated as a MasterCard/VISA merchant and/or with whom there is an arrangement for a Cardholder to obtain goods, services or cash advances by use ...
Government contract attorneys at the firm are not faced with big learning curve when it comes to federal procurement law. Government contract attorneys have previously litigated before the GAO, Court of Federal Claims, the Armed Services Board of Contract Appeals and the Civilian Board of Contract ...
a contractor has economic risk when payment is contingent on the success of its R&D work. Courts generally have interpreted the rule to mean that work performed under firm, fixed-price contracts can qualify. The logic is that fixed-price contracts are inherently risky for contractors, thus giving...
In 2023, the U.S. Court of Appeals for the Federal Circuit set important new jurisdictional precedent regarding the “sum certain” requirement in Contract Disputes Act claims that will impact how Government
Creating a joint venture is another avenue that contractors have found success with. You may choose to partner with a firm that has completed the type of government contract you are interested in, and prepare a bid together. Firms that lack the experience needed for a particular type of projec...