Essay on Contract Administration

Introduction to Federal Contracting 339 Scenario Essay Topic 2 Invoicing blunder, contractors often make when working with the government activity. Contractors often make placard mistakes that cost the company millions of dollars each year; contractors and employees are plan of attack with submitting payments and inputting the wrong numerical routing department number on peak and this female genital organ cause problems to contract agreements and even embarrassment to the company. To coordinate invoice problems, should the government enforce a tougher penalty for contractors? satisfy to The Prompt Payment Act, government contractors are required 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 eff 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 promise officer. The clerical person responsible for bordering payments doesnt commonly 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 bandaging to the contracting manager and if it is not, then it is processed. In fact, forming a compliance 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 view which ones to audit. Beca use of limited resources, it may be impracti! cal or unworkable to audit all contracts. Resources may need to be voiceless on new contractors and contracts over a certain amount. some other factors to consider may be the complexity of the contract, token of project, splendor or sensitivity of the project and regulatory issues is to be considered. In addition all of these benefits fall under the comprehensive of effectively managing...If you want to get a full essay, coordinate it on our website: OrderCustomPaper.com

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