...Resources Brown, T. L., Potoski, M., & Van Slyke, D. M. (2009). The challenge of contracting for large complex projects: A case study of the coast guard’s Deepwater program. IBM Center for the Business of Government. Retrieved from http://www.businessofgovernment.org/sites/default/files/deepwater_magazine_0.pdf Rendon, R. G. Critical success factors in government contract management. Retrieved from http://www.ippa.org/IPPC4/Proceedings/19Others/Paper19-2.pdf Schwartz, M. (2009). Defense Acquisitions: How DOD Acquires Weapon Systems and Recent Efforts to Reform the Process. Retrieved from http://assets.opencrs.com/rpts/RL34026_20090710.pdf COURSE LEARNING OUTCOMES 1. Analyze the source of government funding to determine a cost estimate for the acquisition requirements. 2. Given a defined requirement and market research results, apply the actions required to formulate a statement of work. 3....
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...acquisition threshold), my selection team will only consist of myself, the technical representative (from the program office), and the contracting officer. The evaluation factors that we have decided to employ are: Technical capability Past Performance Price The method that we will use in evaluating the proposals is the trade-off process or better known as best value. Trade-off process puts more emphasis on non-price factors and awards the contract to the vendor that offers the best value rather than the one whose proposal has the lowest price. Using the trade-off process gives the government the flexibility to trade off among cost or price and non-cost evaluation factors such as the contractor’s technical capabilities, management capabilities, qualifications, and experience. It will be clearly indicated in the solicitation package on the relative order of importance of the evaluation factor which will state as follows: The following five criteria will be evaluated in order of importance. All non-price factors are listed in descending order of importance, with the most important criterion listed first. Criteria 1-5 combined are significantly more important than price. Price will not be scored, but its reasonableness and fairness will be evaluated. 1. Technical capability 2. Past performance 3. Corporate experience 4. Key personnel 5. Quality assurance The evaluation team considered only two criteria for this requirement since this project...
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...FAR 15.305Proposal Evaluation (Techniques) 1. Technical Analysis 2. Cost or price analysis 3. Past Performance Proposal Evaluation an assessment of the proposal and the offeror's ability to perform the prospective contract successfully. Price cost plus any fee or profit applicable to the contract type Who Performs technical analysis subject matter experts (SME) or DCMA: says anyone who has specialized knowledge of product or service. Why Proposal Analysis to ensure that the final agreed-to price is fair and reasonable Fair and Reasonable Price Price a prudent and competent buyer would pay in a similar business situation Price Analysis the process of examining and evaluating a proposed price without evaluating its separate cost elements and proposed profit. WHEN CERTIFIED COST IS NOT REQUIRED. Cost analysis review and evaluation of any of the separate cost elements and profit or fee in an offeror's or contractor's proposal as needed to determine a fair and reasonable price or to determine cost realism.USED WHEN CERTIFED COST IS REQUIRED. Cost Realism Analysis the process of independently reviewing and evaluating SPECIFIC ELEMENTS of each offeror's proposed cost estimate to determine whether the estimated proposed cost elements are realistic for the work to be performed; SHALL be performed on COST REIMBURSEMENT MAY be performed FIXED PRICE INCENTIVE CONTRACTS. or Fixed Price contracts when contracts with new requirements...
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...Getting on Contract: This process starts with the buyer in defining the requirement with clarity. The process for the buyer begins just prior to the receipt of the procurement request. The Contracting Officer should assist the program personnel with adequately describing the need for the RFP and reviewing the acquisition plan in its entirety for completeness and accuracy. The CO should also ensure that enough funds have been allocated for the requirement. Once the acquisition plan has been approved, the CO will be developing the solicitation. Once all sections of the RFP have been written and approved, the CO will post the resultant RFP to FedBizOpps for any and all contractors of interest view the RFP in full details. If FedBizOpps is not available, the CO may email the RFP out to Offerors identified in its market research. Once the RFP has been posted, the CO should allow companies enough time to propose responsively to the RFP- which could be from 15 to 45 days depending upon the size and complexity of the requirement. During this time, the CO should answer any questions that all Offerors may have regarding the RFP. This should be done in writing but can also be done in an open forum such as a pre-proposal conference. Once all questions have been answered, the CO should post these questions and answers on FedBizOpps for all Offerors to see and if needed, amend the RFP. The process from the seller’s point of view begins once a notice is synopsized on FedBizOpps...
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...Raytheon: An International Firm Raymond C. Branham Embry-Riddle Aeronautical University Managerial Accounting for Decision Making (MBAA 517) Dr. Mark Bellnap December 1, 2011 TABLE OF CONTENTS Abstract 3 Raytheon: An International Firm 4 Section I 4 Goods and Services, Market Share, Geographic Locations, and Major Competitors 4 Section II 5 Activity Based Costing at Raytheon 5 Section III 8 Standard Costs at Raytheon 8 Section IV 14 Relevant Costs at Raytheon 14 Section V 16 Summary, Conclusion, and Recommendations 16 References 18 Appendix 19 Abstract In today’s hectic economic environment, a company’s financial performance is becoming a highly focused upon part of successfully running a company in America and throughout the World. Equally important, is the ability to address accounting matters in this environment. At Raytheon, it is the task of each function within the company to consider each and every accounting aspect, because their customers are all over the world and each one of those customers approaches financial matters in unique ways. For Raytheon to maintain its success, it is imperative for each employee to understand how to manage these accounting aspects. The lack of accounting knowledge and specifically, each unique accounting approach, and how to execute each approach is why there is a huge problem with finances in corporate America today. Many organizations have altered their approach to this issue, but Raytheon has stood...
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...by federal grant recipients (Feldman, 2010). The government procurement team is made up of the Contracting Officer (CO), Administrative Contracting Officer (ACO), and Termination Contracting Officer (TCO). The government planning process consists of market research and an internal source search before they proceed with full and open competition which allows all responsible sources to submit either a sealed bid or competitive proposal on the procurement. The market research consists of availability and quantities of items, and reasonable prices. Internal sources include existing inventory, excess from other agencies, and federal prisons (Feldman, 2010). Feldman (2010) states that sealed bidding and competitive negotiation are the government’s predominant procurement methods. In sealed bidding there is an Invitation for Bid (IFB); in competitive bidding the government generally issues a Request for Proposal (RFP). Price reasonableness and source selection must be proved on all federal procurements. Congress did exempt certain...
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...apparent that one key component, a rather intricate and yet very inexpensive circuit board, would have to be subcontracted. The boards were under a government contract that would make Callaway a subcontractor. All of Callaway’s suppliers are also subcontractors. This would mean “tons of forms” to be sent to suppliers but would also give Callaway some leverage. Based on the projected value of the order, it would be necessary for each supplier to provide a cost and price breakdown on the SF 1491. From this breakdown, Callaway could estimate the reasonableness of the price. Callaway engineers would provide the design to meet the customer’s specs, and, in turn, it would be supply management’s responsibility to handle the contracting aspect. Since the board is custom designed, it would require a fair degree of interaction between the potential suppliers and Callaway’s engineering staff. Cost was also’ a factor. Thus, there would have to be both an engineering evaluation with respect to technical aspects of the part as well as a cost analysis made. Tom Cunningham, the supply manager of Callaway Electronics, concurred with...
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... Introduction ……………………………………………………………………………..4 Price Negotiation Memorandums (PNMs) 1. Issuing of government Contracts …….………....………………………………………5 2. Bidding and negotiation ………………….…….…………………………… ………6 3. Negotiation Summary..................................................................................................7 4. Introductory Summary……………………………………………………………….8 5. A tabular summary of price………………………………………………………….10 6. Government Contracting……………………………………………………………10 7. Vertical integration as a contracting technique……………………………………..11 8. Private-public partnerships…………………………………………………………..12 Executive summary This guide acts as a replacement to the earlier Air Force Material Command FAR Supplement with the intention of making it better than its predecessor. The scope of this document is to provide information on the necessities of developing prices and then devising of mechanisms to determine the fairness of the prices. It is with this precedent that the document goes back all the way from the historical behavior of factors that affect the prices up to the final price. The Price Negotiation Memorandum is the legal document that is used officially to determine any price, which cannot be set based on competition. In any contract, this document becomes the legal, binding document for all parties. These properties of the PNM also apply to the Price Competition Memorandums reasonably. The role of this guide is...
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...07133031 qi yang | Literature review Report | Course: Procurement &Contract Management BMGT43670Term: Jan 2012 semesterProfessor: David Staunton Student: Qi yang Student No: 07133031 Date: 20 March 2012 | “I the undersigned confirm that the work submitted here is entirely my own work, and that any work of others which is included has been properly referenced and acknowledged according to normal academic guidelines.” Table of Contents Abstract 2 Introduction 4 Why procure 4 How procure 8 Defining and initiating the contract 8 Planning the procurement 10 The tendering process and choosing the contractor 11 Finalizing and monitoring the contract 12 Conclusion 13 Reference 14 Abstract There has been a noticeable increase in the number of studies directed at explicating the drivers of procurement’s success in all kinds of industry and government agency. Since the fierce competition of market, there is high requirement not only for the speed of product and service desired, but also the quality of commercialization. So the procurement has come and is essentially delivering value through all kinds of relationships. This report shows why procurement is desired urgently and how the procurement process works. Procurement is the process of acquiring outside service through soliciting and evaluating proposals and establishing a contractual agreement which includes monitoring project work for conformance to the contract and closing...
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...have both the privilege and responsibilities of the top spot in any organization. General Operations 1. Establish primary goals of the Board -- maintenance of status quo, evaluation and recommendations or take charge through implementation of new game plan. 2. Meet all first-reports, introduce game plan and initiate implementation of action items on this list. 3. Have all first-reports complete the Agenda for the Future. 4. Discuss the dozen biggest problems and opportunities from perspective of all first-reports. 5. If survival mode is required, cut costs immediately where necessary and prudent and in accordance with the Board's short and intermediate term goals. 6. Identify and implement top six action items that could measurably increase short term revenues. 7. In addition to this action list, formulate short-term game plan for company, get board approval and communicate plan to key personnel, suppliers, lenders, etc. 8. Prioritize top ten action items for the whole company and begin implementation. 9. Identify top goals for the company for the current month, quarter and year. Financial Issues 10. Within the first week, get current detailed financial statements, itemized payroll, payables and receivables list. 11. Review budgets of all departments or divisions for reasonableness of assumptions, quality of projections and relevancy in light of recent corporate changes and goals. 12. Evaluate obvious, and not so obvious, problems and strengths revealed by...
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...Accumulating costs means collecting cost data in an organized manner, such as through a system of accounts. Acquisition planning means the process by which the efforts of all personnel responsible for an acquisition are coordinated and integrated through a comprehensive plan for fulfilling the agency need in a timely manner and at a reasonable cost. It includes developing the overall strategy for managing the acquisition. Actual costs means (except for Subpart 31.6) amounts determined on the basis of costs incurred, as distinguished from forecasted costs. Actual costs include standard costs properly adjusted for applicable variances. Allocate means to assign an item of cost, or a group of items of cost, to one or more cost objectives. This term includes both direct assignment of cost and the reassignment of a share from an indirect cost pool. Allowable means a contract cost is allowable as long as it meets five tests of allowability: reasonableness; allocability; standards promulgated by the CAS Board, if applicable; otherwise, generally accepted accounting principles and practices appropriate to the circumstances; terms of the contract; and any limitations set forth in FAR Part 31. Affected CAS-covered contract or subcontract means a contract or subcontract subject to Cost Accounting Standards (CAS) rules and regulations for which a contractor or subcontractor-- (1) Used one cost accounting practice to estimate costs and a changed cost accounting practice to...
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...from a Contracting Specialist (CS) to an 1102 series Contracting Officer (CO). As a Contracting Officer, I will be acting as a team lead and will be using my acquisition warrant to obligate the government for contracts in services and commodities. In this paper, I will be completing a job analysis and complete a job description for my replacement. I will discuss my how I will find a replacement for myself and then supervise that person in my old position. Next, using the job description, I will then develop a recruiting plan and selection strategy including testing and interviewing. Once my replacement has been hired, I will then go through the process his/her job performance and how it will be evaluated. I will create a performance evaluation philosophy and how appraisals will be completed. Lastly, I will list the training and development specifications of a Contracting Specialist, and how my replacement will be set for professional growth in the career field. I spent five years as a Contracting Specialist and would like to think I would be well prepared to pick the next best choice for my replacement. Contracting, especially with the government is a very small world and a tight knit community. At some point, in the contracting career field you will eventually work with your past co-workers again or individuals who have left the military to join the civilian world. As I was thinking about my position and coming with a job analysis, I was trying to break down what contracting...
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...Goals BSBA students will graduate being Effective Communicators, Critical Thinkers, Able to Analyze Ethical Problems, Global in their perspective, and Knowledgeable about the essentials of business. This class contributes to those goals through its student learning outcomes. LEARNING OBJECTIVES * Use Financial Statements to evaluate firm performance. * Project Financial Statements (B/S, I/S, budgets, etc.). * Use Financial Statements to obtain Cash Flows for the firm and equity holders. * Calculate and project Free Cash Flow. * Determine financial drivers of Free Cash Flow. * Calculate the cost of debt, cost of equity and the Cost of Capital. * Use DCF and other valuation techniques to value projects and...
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...BCO 116 Elementary Calculus 2Ch, 3 ECTS Academic Year 2015-2016 Course Description This course is an introduction to calculus and is intended to familiarize students with the mathematical thinking. It focuses on topics of calculus that are relevant to students in the managerial and business sciences. The main goals of the course are to develop technical skills allowing the analysis of real life problems, to provide the tools necessary to formulate, analyse and implement a simple quantitative model to support a business decision, and to understand articles and books on business analysis Starting with preliminaries to calculus, and limits, we follow with derivatives and its applications to real life problems, and integration. This course covers also functions with more than one variable, differential equations, and optimization. Basic requirement. Students must have a good background on algebra and arithmetic, as well as a good understanding of mathematical functions and their applications to practical problems. Course Objectives * To builds skills and proficiency in methods of calculus * To understand concepts, formulas and techniques of calculus through exercises and applied examples * To be able to translate real-world problems to mathematical language and models * To acquire ease in identifying the different kind of problem and the appropriated rule to solve it * To interpret results of calculus * To apply analytical methods of calculus...
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...[pic] Student Guide for Performance Based Service Acquisition And The Seven Step Process (ACQ 265) Nov 2009 Table of Contents UNIT 1 Introduction UNIT 2 Form the Team, Review Current Strategy, Market Research Step 1: Form the Team Step 2: Review the Current Strategy Step 3: Market Research UNIT 3 An Industry Perspective: Approaching an Acquisition UNIT 4 Requirements Definition Step 4: Requirements Definition UNIT 5 Develop your Sourcing Strategy Step 5: Sourcing Strategy UNIT 6 Execute the Strategy Step 6: Execute the Strategy UNIT 7 Performance Management Step 7: Manage Performance Appendices I Acronym List II Glossary | | | |Course Title |Performance Based Service Acquisition (ACQ 265) | | | | | | | |Lesson Title | Course Introduction | | ...
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