Archive: Cost

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What Federal Contractors Need to Know about Self Insurance

Contractors often disclose the cost savings of self-insured plans with excitement, but buyer beware. Most contractors are surprised when I don’t immediately commend them on cost savings and instead ask them, “Did you know there are ’special‘ compliance requirements for self-insurance plans and failure to meet the compliance requirements makes the cost unallowable?” Most self-insurance […]

Are Reverse Auctions Actually Meeting the Intended Competition and Cost Intentions?

Federal agencies hope to generate lower prices on non-complex commodities and simple services (from office supplies to medical equipment) via reverse auctions but are reverse auctions actually meeting the intended competition and cost intentions? A U.S. Government Accountability Office (GAO) study on this topic was released December 9, 2013. Entitled “Reverse Auctions – Guidance Is Needed […]