Best Practices to Comply with the Price Reductions Clause and Other Post-Award Pricing Requirements
Perhaps the most debated and lamented post-award pricing requirement in a GSA and VA schedule contract is the Price Reductions Clause (PRC). Despite being cited as the basis for a number of infamous civil False Claims Act settlements involving GSA and VA Schedule contracts, there is very little information available in the public domain in the form of case law, audit guidance, or best practices pertaining to compliance with the clause.
Join The Coalition for Government Procurement and experts from Berkeley Research Group for a discussion regarding the systems, processes and controls necessary to comply with the requirements of the PRC and other post-award pricing considerations. The presentation will provide an overview of the requirements of the PRC and common misconceptions related to the clause. In addition, we will share best practices and strategies for minimizing PRC and other pricing compliance risks. Finally, we will discuss processes, controls, roles and responsibilities typically found in effective PRC monitoring systems.
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