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

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:

  • Recommendations for creating current, accurate and complete Commercial Sales Practices (CSP) disclosures
  • Risks related to the PRC, contract noncompliance, pre-award and post-award audits and the False Claims Act; and
  • Emerging trends related to negotiations, category management, Contractor Assistance Visits (CAV), and the Professional Services Schedule.
“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. 

For more information on this topic, or to learn how Baker Tilly government contractor specialists can help, contact our team.

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