Essay on Contract Administration

Introduction to Federal Contracting 339 Scenario Essay Topic 2 Invoicing blunder, contractors often make when working with the presidential term. Contractors often make rate mistakes that cost the company millions of dollars each year; contractors and employees are salute with submitting payments and inputting the wrong numerical routing department number on note and this stick out cause problems to contract agreements and even embarrassment to the company. To pose invoice problems, should the government enforce a tougher penalty for contractors? correspond to The Prompt Payment Act, government contractors are requirement to pay within a sealed time frame. government activity contractors often make mistakes on their invoices For instance, the financial mortal who changees the information is responsible paradeing the payment and has no way of do it if the data is incorrect. The detection officers should have this information and if they dont have the proper information, the responsibility falls on the spotting officer. The clerical person responsible for operateing payments doesnt unremarkably care whether the contractors get paid or not. Their goal is to process the paperwork and move on to the next contract.

If its correct, then it is bam corroborate to the contracting manager and if it is not, then it is processed. In fact, forming a abidance department and forming periodic audits on contracts and during the billing process can be an added value to contracts. Perform risk synopsis of contracts to limit which ones to audit. Because of limited resources, it may be impractical or infeasi! ble to audit all contracts. Resources may need to be severe on new contractors and contracts over a certain amount. other factors to consider may be the complexity of the contract, token of project, enormousness or sensitivity of the project and regulatory issues is to be considered. In addition all of these benefits fall under the comprehensive of efficaciously managing...If you want to get a full essay, coordinate it on our website: OrderCustomPaper.com

If you want to get a full essay, visit our page: write my paper