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b'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. \\n\\nAcronyms:\\nAFMC \\u2013 Air Force Materiel Command\\nDAU \\u2013 Defense Acquisition University\\nDCMA \\u2013 Defense Contract Management Agency\\nDFARS \\u2013 Defense Federal Acquisition Regulation Supplement\\nDPC \\u2013 Defense Pricing and Contracting\\nFAR \\u2013 Federal Acquisition Regulation\\nFARA \\u2013 Federal Acquisition Reform Ace\\nFASA \\u2013 Federal Acquisition Streamlining Act\\nLTA \\u2013 Long Term Agreement\\nNDAA \\u2013 National Defense Authorization Act\\nTINA \\u2013 Truth in Negotiations Act\\n\\nIf you would like to share feedback on the podcast, please submit via thecontractingexperience@gmail.com.'