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The Government Operations Agency (CalGovOps) is the California government agency responsible for administering state operations including procurement, real estate, information technology, and human resources. [2] Amy Tong was appointed Secretary of Government Operations by Governor Gavin Newsom in March of 2022.
Under a cost plus a fixed-fee contract, the profit element does not vary with costs and there is no incentive for contractors to control costs. [4] Incentives which share the risk between government and contractor lead less efficient contractors to underestimate their target costs in order to maximize their profits from actual costs.
When Government actions delay contractor performance and increase costs, "the contractor has a claim for damages". (Lewis-Nicholson, 550 F.2d at 26). "A constructive change generally arises where the Government, without more, expressly or impliedly orders the contractor to perform work that is not specified in the contract documents."
In addition to the absolute pass-through that uses incremental values (i.e., $2 cost shock causing $1 increase in price yields a 50% pass-through rate), some researchers use pass-through elasticity, where the ratio is calculated based on percentage change of price and cost (for example, with elasticity of 0.5, a 2% increase in cost yields a 1% increase in price).
For many contracts electronic procurement is made possible via an online platform. For public procurement below the EU thresholds there are different regulations. At the federal level national budgetary law applies while the 16 federal German states and some municipalities have their own public procurement laws and regulations.
The Financial Information System for California began in 2005 with a total of five state employees tasked with replacing one internal facing budget system for the Department of Finance. The focus of the project soon shifted to address the need to modernize the state’s entire financial management process into a single financial management system.
The contractor responded to the cancellation by submitting claims for costs incurred, settlement expenses, and lost profits. The Dept. of the Army attempted to settle these claims in accordance with the standard “termination for convenience of the government” clause outlined in the Armed Services Procurement Regulations (ASPR). Under this ...
A government contractor is a company (privately owned, publicly traded or a state-owned enterprise) – either for profit or non-profit – that produces goods or services under contract for the government. [1]