In a recent National Contract Management Association (NCMA) webinar, Baker Tilly’s government contractor advisors discussed Federal Supply Schedule (FSS) regulatory and reporting requirements as well as best practices for compliance.
Price Reductions Clause (PRC) compliance
The presentation provided a fundamental understanding of contractor’s commercial sales practices disclosure requirements, the government’s negotiation position and objectives, best practices for contract compliance and strategies for achieving favorable pricing and contract terms. The presentation slides, available for download below, focus on FSS regulatory and reporting requirements as well as the appropriate policies, procedures and systems a contractor should have in place to maintain Price Reduction Clause (PRC) compliance.
Presentation slides also feature:
“One of the most critical parts of your option extension package (submitted via eMod) is either the affirmation that your CSP is still current, accurate and complete or the submittal of an updated CSP and/or PRC discount relationship.”
Learn strategies and best practices for achieving favorable pricing and contract terms.