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Why GAGAS Should Make You Gag

Posted by bob7947 in The Wifcon Blog, 11 October 2014 · 330 views

For those of you who are not familiar with the auditing world, GAGAS is the acronym for Generally Accepted Government Auditing Standards and it is written and maintained by the Government Accountability Office (GAO).  Compliance with GAGAS is mandatory for an auditor during the conduct of an audit and a memo noting compliance with GAGAS should b...

The Definitions Contest: The Winner

Posted by Vern Edwards in Vern Edwards' Blog, 05 September 2014 · 784 views

Who won?
 
I received entries from the following Wifcon members:
 
jonmjohnson
wvanpup
Just Me
Whynot
MLCM
August
hereiskim
jukulend
 
Here_2_Help also submitted one, but it was received after the deadline.
 
The entries were posted for all to see. I also posted my own definitions.
 
With help from a couple of friends I reviewed t...

The Complications of Cost and Pricing

Posted by NCMAExecutiveDirector in NCMAExecutiveDirector's Blog, 28 August 2014 · 752 views

The most challenging task in Government contracting is contract pricing, which requires contracting officers to award contracts at “fair and reasonable” prices. Pricing is challenging, because it is the most regulated of all Government contracting processes. Firms that want to sell their products and services to the Government often must prepa...

FAR Eliminates Truth in Negotiations Act (TINA)

Posted by Emptor Cautus in Emptor Cautus' Blog, 10 July 2014 · 1,541 views

Federal Acquisition Circular (FAC) 2005-73, effective May 29, 2013, eliminated the Truth in Negotiations Act (TINA). 
 
Now that I have your attention, the FAC did not eliminate the TINA.  What the FAC did was to rename The TINA “Truthful Cost or Pricing Data”.  This was just one of a number of changes to the Federal Acquis...

Section 1331 Authorities: A Primer

Posted by Don Mansfield in Don Mansfield's Blog, 09 April 2014 · 876 views

     Section 1331 of the Small Business Jobs Act of 2010 (Pub.L. 111-240) recognizes the significant opportunities that exist to increase small business participation on multiple award contracts and the ability of set-asides— the most powerful small business contracting tool—to unlock these opportun...

The Government's Duty of Good Faith and Fair Dealing

Posted by Ralph Nash in Professor Ralph Nash's Blog, 28 February 2014 · 2,424 views

The long-standing principle that the federal government had the same implied duty of good faith and fair dealing as any commercial buyer was put in jeopardy by a 2010 decision of the U.S. Court of Appeals for the Federal Circuit, Precision Pine & Timber, Inc. v. U.S. , 596 F.3d 817 (Fed. Cir. 2010). There a panel of the court adopted a narrow rule...

Wifcon.com: My Legacy; My Albatross

Posted by robert_antonio in Bob Antonio's Blog, 23 June 2013 · 2,626 views

 
Shortly after we celebrate our country's independence on July 4, 2013, Wifcon.com will end its 15th year on the internet. With much help from the Wifcon.com community, I've raised a growing teenager. When I started, I was 49 and my hair was so thick that I often shouted ouch or some obscenity when I combed it. Wifcon.com has existed in 3 decades an...

Flow Down of Mandatory FAR and DFARS Clauses are Handled Poorly by Contractors

Posted by PhilBail in PhilBail's Blog, 17 July 2012 · 4,346 views

Generally speaking, contractors flow mandatory FAR and DFARS clauses to vendors in a haphazard, incoherent manner with very little updating as changes to clauses occur.  Some contractors post a huge list of clauses on their website and refer to them on vendor Purchase Orders (PO's) - telling the vendors they are responsible for complying with the clau...



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