Remove Bidding Remove Contract Management Remove Project Management
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What is a Prime Contractor?

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This article will explore what is prime contractor roles, responsibilities, and the importance of prime contractors in government projects. Key Takeaways Prime contractors, central to federal contracts, manage and ensure compliance with government projects, hiring subcontractors and overseeing all aspects from start to finish.

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Evolution of the Status Quo

The Procurement School

Collective agreements offer some predictability, but lump sum tendered bids often must guess the future and buffer to avoid loss. Large capital projects have multiyear cost models that must accurately estimate labour costs, allow for compounding, and be budgeted accordingly. This risk absorption is directly reflected in bid prices.

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Friday Flash 02/09/2024

The Coalition for Government Procurement

1] SBA’s rules require the protégé to control the joint venture’s day-to-day management and administration of the contract. [2] In addition, the protégé’s employee serving as the project manager was subject to the direction and control of the management committee and was required to carry out the management committee’s decisions.

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Contract Types Government Agencies Use Most

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Material Costs In time and materials contracts, managing material costs is vital to controlling overall project expenses. These contracts allow for reimbursement of actual material costs incurred, which must be documented and justified. This arrangement fosters clarity and financial certainty in project management.