Tag Archives: Price Reduction Clause

Reed Smith’s Government Contracts Weekly Rundown

Here is a rundown of last week’s top developments related to government contracts to get you back on track and ready for this week. 1. ISDC REPORTS 14 PERCENT RISE IN DEBARMENT ACTIONS On March 31, the Interagency Suspension and Debarment Committee (“ISDC”) released its report to Congress detailing an increase in the use of … Continue Reading

GSA Faces Push-Back on Proposed Rule Eliminating PRC

Reed Smith attended last Friday’s General Services Administration’s (GSA) public meeting on the proposed Transactional Data Reporting rule. GSA’s proposed rule would eliminate the Price Reduction Clause (PRC) in favor of transactional data reporting. We previously blogged about the parameters of the proposed rule here. GSA held this meeting in the hopes of opening dialogue … Continue Reading

The Big Bad Price Reduction Clause Might Be On Its Way Out: GSA Proposes New Rule Replacing Customer Tracking Requirements With Price Paid Reporting Requirements

Government contracting is not for the faint of heart when it comes to compliance woes. Private companies looking to do business with the government face a regulatory maze so great that it may inspire references to Greek mythology, labyrinth and all. Few contract clauses reflect this sentiment of compliance pitfalls better than the General Services … Continue Reading
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