The Federal Acquisition Regulation (FAR) Parts 13 and 15 require contracting officers to purchase goods and services from responsible sources at a fair and reasonable price. Meaning, a price that a prudent businessperson would pay for an item or service under competitive market conditions and reasonable knowledge of the marketplace.
Heeding FAR parts 13 and 15 is done for every contract action through a number of proposal analysis techniques and procedures defined by regulation, which are documented through written evidence to support that the price is fair and reasonable. This is particularly important, and required, in government contracting because we are stewards of taxpayer dollars.
In this episode, we break down the techniques and tools we use to determine fair and reasonable pricing. The discussion also presents the challenges acquisition professionals might face when completing a price analysis as well as the challenges confronted when there is an absence of competition. Our panel also discusses the differences between price reasonableness and price realism.
To address these topics and more, we have a fantastic panel of Office of General Counsel attorneys and contracting officers who collectively have decades of experience. This panel includes:
Tara Nash, attorney for VA Office of General Counsel
Desiree DiCorcia, attorney for VA Office of General Counsel
Den-el Opuszynski, contracting officer for VA TAC
Matthew Newell, contracting officer for VA TAC
The Technology Acquisition Center’s TAC Talks is a peek behind the federal acquisition curtain and discusses highly relevant acquisition topics with top acquisition professionals and the Office of General Counsel. Throughout the season’s episodes, VA acquisitions experts will dissect the ins and outs of various acquisition strategies, technical tips for navigating the acquisition process, category management, and more!