The FAR (Federal Acquisition Regulation) Councils are proposing a change to the definition of “adequate price competition” applicable to DoD contracts only. This change is mandated by the 2017 NDAA (National Defense Authorization Act). As everyone knows, contracts awarded based on adequate price competition is exempt from the requirement to submit certified cost or pricing data. But a lot of people get tied up in knots trying to figure whether adequate price competition exists or existed. The is new definition should clear up a lot of confusion, as least insofar as DoD contracts go.
Source: PNWC’s Government Contracting Update: New Definition for “Adequate Price Competition” Coming
New Regulation Formalizes Ombudsman Practice and Identity for IDIQ Contracts
An ‘ombudsman’ is an official charged with addressing and/or investigating the interests of individuals’ or companies’
