FDIC OMWI Education Module Understanding the Government Solicitation Bid

Fdic omwi education module understanding the

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Understanding the Government Solicitation Bid Package The federal government-reimbursed travel costs. Offerors must submit their proposed prices in accordance with the provided Pricing Schedule. Prices that are extreme (high or low) may be judged unreasonable. From the federal government’s point of view, labor rates that do not reflect a reasonable compensation for the skill required in a labor category will be considered unrealistic and non-responsive. Offers should be as complete as possible; a proposal can be eliminated if it doesn’t include a price for all mandatory labor categories. Offerors should have a reasonable price and the federal government will evaluate prices using one or more of the following techniques: Comparing the proposed prices to those of other offerors. Comparing the proposed prices to independent estimates and those in other contracts. Comparing the proposed prices to the prices in the business’ GSA Schedule or commercial price list. The federal government will base the award on an integrated assessment of the evaluation factors and sub-factors. Key Takeaways from This Module With rising competition, vendor selection is becoming increasingly complex and more government organizations are using a solicitation response as a basis for comparison between different vendors to evaluate the best available option. A government solicitation bid package sets out the requirements for preparing a responsive proposal. Most federal government RFP formats are mandated by the Federal Acquisition Regulation (FAR). They are typically broken down into sections that are identified by section and letter. Government contracts contain a host of standard terms and conditions, called "clauses". Many of the clauses are, by regulation, non-negotiable. By reviewing all clauses in the solicitation package, you can assess your business’ viability in submitting a responsive proposal. The federal government considers a bid responsive when a bidder has given the agency complete information required with no material exception taken from any requirements and sections outlined. Sources and Citations Ramon Padilla Jr., A Primer on Obtaining Federal Government Contracts Mercedes Martinez, How to Find Government Solicitations Adrian Woolcock, Managing Principal of Pro S idian Consulting, LLC, Understanding The Government Solicitation Bid Package FDIC OMWI Education Module: Understanding the Government Solicitation Bid Package Page 13 of 14
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Understanding the Government Solicitation Bid Package Carl L. Vacketta of DLA Piper, LLP, Federal Government Contract Overview FDIC OMWI Education Module: Understanding the Government Solicitation Bid Package Page 14 of 14
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