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What is a Prime Contractor?

Select GCR

They are responsible for managing the entire project, including hiring subcontractors, coordinating tasks, and ensuring compliance with federal regulations and contractual obligations. This article will explore what is prime contractor roles, responsibilities, and the importance of prime contractors in government projects.

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Speed, Collaboration and Innovation – Key Words for the New Procurement Decade

ivalua

Now there is a time and a place for price negotiation of course, but if you are an organisation where speed, innovation and agility is really important, key suppliers who play essential roles need to be handled differently. . Project management means managing against robust plans, laying out deliverables, resources, costs, risks and so on.

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Ivalua Launches Innovations to Improve Supply Chain Resilience and Employee Productivity

ivalua

Improved Supplier Diversity and Inclusion – With corporate social responsibility growing in importance, customers can more easily manage Minority and Women-Owned Business Enterprise (MWBE) classification and credentials. Now, customers can create and iterate on a draft contract during an RFX. Sourcing Innovations: .

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Managing Risks Associated with Subcontractors: A Comprehensive Guide for Government Contractors

Public Contracting Institute

In the complex world of government contracting, managing risks associated with subcontractors is a critical skill that can make or break your project’s success. At Public Contracting Institute , we understand the challenges contractors face when dealing with subcontractors.

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Evolution of the Status Quo

The Procurement School

Risk Sharing versus Transfer Traditional Contract Management and Project Delivery methods in Public Sector often transfer risks down the chain away from the Owner to the General Contractor, and so on, down the line to Sub-Contractors. Trust but verify” is a long-held saying that offers good advice worth following.

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The Top CPO Metrics Used to Measure Inflation, Risk, and Uncertainty

ivalua

Savings Leakage: This new metric tracks the gap between identified and realized savings, and results from things like poor contract management and flawed supplier onboarding. of cost savings this way, but they can reduce leakage by about 40% with better connected sourcing, contracting and procure-to-pay processes. Risk Metrics.

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Collaboration, Procurement with Purpose and the Entente Cordiale…

ivalua

Another major development in terms of the future Procurement role is the increasing importance of the agenda around sustainability and purposeful business, which again has relevance to the collaboration imperative. .