On this episode of The Contracting Experience podcast we sit down with Cost/Price Analyst Shannon Prince to discuss commercial benchmarking. Shannon was on a Government benchmarking team that visited five commercial companies from July 2018 to February 2019 to explore what purchasing and pricing strategies commercial businesses use to acquire commercial items and services. Shannon shares what lessons were learned from engaging with the companies and how those lessons can be transferred into how the Government operates. Acronyms: AFMC – Air Force Materiel Command DAU – Defense Acquisition University DCMA – Defense Contract Management Agency DFARS – Defense Federal Acquisition Regulation Supplement DPC – Defense Pricing and Contracting FAR – Federal Acquisition Regulation FARA – Federal Acquisition Reform Ace FASA – Federal Acquisition Streamlining Act LTA – Long Term Agreement NDAA – National Defense Authorization Act TINA – Truth in Negotiations Act If you would like to share feedback on the podcast, please submit via [email protected].