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  1. May 14, 2024 · 1. Lump-Sum Contract. A lump-sum contract is a type of agreement in the construction industry where the contractor agrees to complete a project for a fixed total price.

  2. 2 days ago · 15.405. Price negotiation. (a) The purpose of performing cost or price analysis is to develop a negotiation position that permits the contracting officer and the offeror an opportunity to reach agreement on a fair and reasonable price. A fair and reasonable price does not require that agreement be reached on every element of cost, nor is it ...

  3. May 1, 2024 · 16.104 Factors in selecting contract types. There are many factors that the contracting officer should consider in selecting and negotiating the contract type. They include the following: (a) Price competition. Normally, effective price competition results in realistic pricing, and a fixed-price contract is ordinarily in the Government’s ...

  4. Apr 30, 2024 · What is Price-to-Win for federal contracts? The nature of federal Price-to-Win analysis is a paradoxical blend of dynamism and methodical precision. It involves immersion in your firm’s competitive landscape, a thorough study of your rivals’ cost and pricing tactics, as well as close scrutiny of your agency customer’s RFP demands.

  5. May 1, 2024 · (1) Under firm-fixed price contracts, the contract price is the current amount fixed by the contract plus the not-to-exceed amount for any unpriced modifications. (2) If the contract is redeterminable or subject to economic price adjustment, the contract price is the initial price until modified.

  6. May 8, 2024 · Construction prices rose rapidly during 2020 and 2021, making it almost impossible for contractors to adhere to agreed contract prices. For this reason, there was a request from contractors to adjust the contract price after signing a contract for work.

  7. 3 days ago · A construction contingency is a part of a project's budget put aside to cover any unforseen costs, risks, events, or changes in scope that may affect the project's cost over the course of its life. This money is on reserve and is not allocated to any specific area of work.

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