Budget Contract Contract Administration 
SmallGovCon
DECEMBER 20, 2024
For example, according to a report published by the White House Office of Management and Budget (OMB), the 2013 shutdown was estimated to reduce Gross Domestic Product growth by between $2 and $6 billion. ” In addition, the Antideficiency Act also might restrict an agencys ability to obligate new funds under existing contracts.
The Procurement ClassRoom
FEBRUARY 15, 2016
A contract is a written agreement, enforceable by law, between a procuring entity and a supplier , contractor or service provider for the provision of goods , works or services. Preparation for contract administration begins with planning , which should begin during the bidding and selection process. Where does it start?
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Public Contracting Institute
APRIL 23, 2024
Firm fixed price (FFP) contracts are a common type of agreement used in government contracting. Under an FFP contract, the supplier agrees to deliver a specific product or service at a predetermined price, regardless of the actual costs incurred during the project.
Mike Purdy's Public Contracting
JULY 18, 2017
Performs complex administrative and technical purchasing work and provides procurement expertise in managing and coordinating a centralized procurement system of contracts, goods and services as well as asset storage, recovery and disposal. Oversees and directs staff on development of contracting forms and contracting documents.
Redstone Government Consulting
MARCH 23, 2024
Current FAR Requirements Federal Acquisition Regulations (FAR) 42.101 provides that normally, “the Defense Contract Audit Agency (DCAA) is the responsible Government audit agency.” This can make a decision related to the necessity of an audit service a budget-based decision.
Procurement Notes
MARCH 5, 2024
Court of Appeals for the Third Circuit, “[a] principal client’s sudden and unexpected termination of a major contract with the employer, a strike at a major supplier of the employer, and an unanticipated and dramatic major economic downturn might each be considered a business circumstance that is not reasonably foreseeable.” [72]
Tendersinfo
MARCH 24, 2021
The Procurement Team involves divisions like Procurement Manager, Budget Holder, Management of the contract, and representatives of different sectors. The higher the value of the contract higher is the team size hence it important to understand the metrics based on which a bid is successful.
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