Download or read book How to Manage Cost Reimburseable Contracts written by Government Training Inc and published by . This book was released on 2010-09-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Book review: Managing Cost Reimbursable Contracts Providing Guidance in Difficult WatersManagement Guide & Desk ReferenceBy Scott P Cook & Don PhilpottPublished by Government Training Inc. , 233 pagesThe Cost-Reimbursable Contracts Handbook is the ultimate desk top reference for everyone involved in this high-risk and highly complex federal contracting environment.Unlike fixed contracts where the contractor is paid a negotiated amount regardless of incurred expenses, cost-reimbursement contracts allow the contractor to be paid in full for all of its allowed expenses, plus additional payment to allow for a profit.This sort of contracting is considered high-risk for the government because of the potential for cost escalation and because the government pays a contractor's costs of performance regardless of whether the work is completed. Cost-reimbursement contracts also involve significantly more government oversight than fixed-price contracts, which means the government incurs additional administrative costs. In addition, contractor costs need to be monitored known as cost surveillance to provide reasonable assurance that efficient methods and effective cost controls are used.The Cost-Reimbursement Contracts Handbook guides you through this minefield of risks, rules and regulations explaining what needs to be done and why, and what must be avoided. The Handbook is also very timely as the President's new management agenda stresses the need for more focus on contract types and more effective management of them.The Handbook is packed with practical information, handy hints, real-life case studies, best practices and checklists. It describes the different types of cost-reimbursable contracts, when they should be used and why and when they are not the appropriate contracting vehicle. It also details the dangers inherent in this type of contract and how they can be recognized and controlled.There are also comprehensive sections on contract administration and effective management oversight techniques.Whether you are a novice, an experienced program manager, a contracting officer or someone who has oversight of these responsibilities, the Cost-Reimbursement Contracts Handbook is an invaluable desk top reference you cannot do without.
Download or read book Managing Cost Reimbursable Contracts written by and published by . This book was released on 2010 with total page 260 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Cost Estimating and Contract Pricing written by Gregory A. Garrett and published by Wolters Kluwer. This book was released on 2008-01-01 with total page 306 pages. Available in PDF, EPUB and Kindle. Book excerpt: The process of estimating the cost for the development and delivery of a product, service, or solution can range from simple to highly complex based upon multiple factors including: technology maturity, urgency, geographic location, quantity, quality, availability of resources, hardware and software, systems integration and more. This book provides a comprehensive discussion of cost estimating and contract pricing with extensive use of tools, techniques, and best practices from both the public and private sectors. Key topics of discussion include: Cost estimating methods Cost accounting standards Cost analysis Profit analysis Contract pricing arrangements Price analysis Total ownership cost Earned value management systems
Download or read book Contract Management written by United States. Government Accountability Office and published by . This book was released on 2009 with total page 47 pages. Available in PDF, EPUB and Kindle. Book excerpt: Federal agencies obligate billions of dollars annually using cost-reimbursement contracts. This type of contract involves high risk for the government because of the potential for cost escalation and because the government pays a contractor's costs of performance regardless of whether the work is completed. As such, cost-reimbursement contracts are suitable only when the cost of the work to be done cannot be estimated with sufficient accuracy to use fixed-price contracts. Agencies may use this contract type only if certain conditions are met. At your request, GAO assessed (1) the extent of agencies' obligations under these contracts, (2) the rationales for using this contract type, (3) determinations that contractors' accounting systems are adequate for determining costs applicable to the contracts, and (4) procedures for monitoring contractor cost controls. GAO analyzed federal procurement data and contract files and interviewed contracting and other government officials. GAO is making recommendations to the Office of Federal Procurement Policy (OFPP) regarding how contracts are coded in the government's procurement database and aimed at encouraging timely analysis to determine if a transition can be made to a contract with a firmer pricing basis.
Download or read book Achieving Success in Reimbursable Contracting for Both the Owner and Contractor written by Katherine Anne Hull and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Increasing competition to hire high quality contractors has caused many owners to implement cost reimbursable contracting. Consequently, parties who have limited experience with reimbursable contracts may be unclear about the contractual arrangement, controls, and management structure that will improve their chances for successfully completing projects. There is a critical need to obtain knowledge from those owners and contractors who are experienced at implementing successful cost reimbursable contracts and to transfer this to companies that have limited experience or limited success. This study establishes the elements within the reimbursable contracting process that can make a project successful for both the owner and contractor. In addition, this study identifies key success factors, difference factors (from fixed price contracting), best practices, and lessons learned for reimbursable contracting.
Download or read book Contract Management written by United States Government Accountability Office and published by Createspace Independent Publishing Platform. This book was released on 2018-02-02 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contract Management: Extent of Federal Spending under Cost-Reimbursement Contracts Unclear and Key Controls Not Always Used
Download or read book Reducing Construction Costs written by National Research Council and published by National Academies Press. This book was released on 2007-10-09 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: The National Academy of Construction (NAC) has determined that disputes, and their accompanying inefficiencies and costs, constitute a significant problem for the industry. In 2002, the NAC assessed the industry's progress in attacking this problem and determined that although the tools, techniques, and processes for preventing and efficiently resolving disputes are already in place, they are not being widely used. In 2003, the NAC helped to persuade the Center for Construction Industry Studies (CCIS) at the University of Texas and the Alfred P. Sloan Foundation to finance and conduct empirical research to develop accurate information about the relative transaction costs of various forms of dispute resolution. In 2004 the NAC teamed with the Federal Facilities Council (FFC) of the National Research Council to sponsor the "Government/Industry Forum on Reducing Construction Costs: Uses of Best Dispute Resolution Practices by Project Owners." The forum was held on September 23, 2004, at the National Academy of Sciences in Washington, D.C. Speakers and panelists at the forum addressed several topics. Reducing Construction Costs addresses topics such as the root causes of disputes and the impact of disputes on project costs and the economics of the construction industry. A second topic addressed was dispute resolution tools and techniques for preventing, managing, and resolving construction- related disputes. This report documents examples of successful uses of dispute resolution tools and techniques on some high-profile projects, and also provides ways to encourage greater use of dispute resolution tools throughout the industry. This report addresses steps that owners of construction projects (who have the greatest ability to influence how their projects are conducted) should take in order to make their projects more successful.
Download or read book Superfund written by J. Dexter Peach and published by . This book was released on 1992 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Construction Contracting written by Richard H. Clough and published by John Wiley & Sons. This book was released on 2015-04-06 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The definitive contracting reference for the construction industry, updated and expanded Construction Contracting, the industry's leading professional reference for five decades, has been updated to reflect current practices, business methods, management techniques, codes, and regulations. A cornerstone of the construction library, this text presents the hard-to-find information essential to successfully managing a construction company, applicable to building, heavy civil, high-tech, and industrial construction endeavors alike. A wealth of coverage on the basics of owning a construction business provides readers with a useful "checkup" on the state of their company, and in-depth exploration of the logistics, scheduling, administration, and legal aspects relevant to construction provide valuable guidance on important facets of the business operations. This updated edition contains new coverage of modern delivery methods, technology, and project management. The field of construction contracting comprises the entire set of skills, knowledge, and conceptual tools needed to successfully own or manage a construction company, as well as to undertake any actual project. This book gives readers complete, up-to-date information in all of these areas, with expert guidance toward best practices. Learn techniques for accurate cost estimating and effective bidding Understand construction contracts, surety bonds, and insurance Explore project time and cost management, with safety considerations Examine relevant labor law and labor relations techniques Between codes, standards, laws, and regulations, the construction industry presents many different areas with which the manager needs to be up to date, on top of actually doing the day-to-day running of the business. This book provides it all under one cover – for the project side and the business side, Construction Contracting is a complete working resource in the field or office.
Download or read book Cost reimbursement Contracting written by John Cibinic and published by CCH Incorporated. This book was released on 2005-04-19 with total page 1328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Cost-Reimbursement Contracting covers the special issues that arise in federal contracting, providing an in-depth understanding of cost-type contracts "from cradle to grave." Written by experts from The George Washington University Law School Government Contracts Program and CCH, the pre-eminent authorities in government contracting, this important text has helped clarify this complex field for more than 30 years. Each chapter contains concentrated coverage of a major topic and provides key statutory regulatory and case law citations relating to: The contractor's obligations Types of cost-reimbursement contracts Alternative competitive procedures Negotiations of cost and fee Allocability Cost reasonableness versus cost realism Cost principles and cost accounting standards, control of funding, contract termination, and subcontracting
Download or read book Project Management for Construction written by Chris Hendrickson and published by Chris Hendrickson. This book was released on 1989 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Target and Cost Reimbursable Construction Contracts written by John G. Perry and published by . This book was released on 1982-12 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication provides guidance on management and financial procedures when considering the use of target or cost-reimbursable contracts.
Download or read book Target and Cost reimbursable Construction Contracts written by J. G. Perry and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book TRAINING COURSE GUIDE FOR MANAGEMENT AND ADMINISTRATION OF COST REIMBURSEMENT TYPE CONSTRUCTION CONTRACTS written by United States. Army. Corps of Engineers and published by . This book was released on 1982 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Contracts management manual written by United States. Environmental Protection Agency and published by . This book was released on 1974 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Procurement Routes for Partnering written by Jon Broome and published by Thomas Telford. This book was released on 2002 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is aimed at those who want to apply or improve the application of partnering in the construction and heavy engineering industries to their projects. It focuses on procurement aspects based on the premise that unless the commercial and contractual conditions align objectives, there is little stimulus to change the culture and integrate processes and teams to achieve the outstanding results that can be attained through partnering.This invaluable book presents detailed information about the partnering and procurement process, which will lead to better delivery of construction projects.
Download or read book Contract Management Systems written by Jack Sternbach and published by Transportation Research Board. This book was released on 1990 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This synthesis will be of interest to administrators, contract officers, and others interested in using consulting firms to manage a transportation agency's work activities -- ranging from a single project to a complete spectrum of work. Information is provided on various aspects of contract management systems, including examples of use of each aspect in several agencies. An increasing workload coupled with reduced staff size have caused state highway agencies to turn to private enterprise to accomplish work that has traditionally been done in-house. This report of the Transportation Research Board describes various aspects of the use of consultants to manage a highway agency's work and gives specific examples of use of each aspect in several agencies.
