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Found 5 results

  1. In many federal contracts as per the instruction to offerors, during the proposal stage, the bidders are advised to send their questions related to the RFP vide 'projnet' online portal and the same is answered by the Government there itself. This online portal is accessible to all the bidders who are bidding for that project and all the bidders are submitting their offer accordingly. But not all the clarifications given to the bidders inquiry in the projnet portal are updated on the specifications or drawings through an official amendment to the RFP due to the time constraints during the biddi
  2. There is a debate in my agency on who is responsible for requesting funding to the Comptroller and at what point in the contract process funding must be provided. Currently the program office submits a requirements package to Contracts and Finance. However, Finance does not want to provide funding or availability of funding promise for the requirement until Contracts submits a request for funding, which must include the contract number, contractor, purpose, and exact amount to be funded. In several occasions, Contracts is ready to award a contract; however finance stops the award since ther
  3. Hello Wifcon Forum Members, I've recently began reviewing a physically completed T&M/LH for closeout purposes. This particular T&M/LH contract has the following specifications under the heading "Maximum Hours and Cost" for the following two labor categories: Sr. Software Engineer - 656 hours at $/hour Program Manager - 18 Hours at $/hour A review of the contract invoices shows the following amount of Labor Hours billed/charged during the course of the contract: Sr. Software Engineer - 381 hours Program Manager - 38 hours As you can see, the SSE w
  4. http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/2016/popular-economicsciences2016.pdf The fake Nobel Prize in Economics* was awarded to Oliver Hart and Bengt Holmstrom for their contributions to "contract theory." *There is no such thing as a Nobel Prize in Economics. Sweden's central bank created this prize in the late 1960s supposedly in memory of Alfred Nobel. Each year, the Royal Swedish Academy of Sciences awards the "Sveriges Riksbanks Prize in Economic Sciences in Memory of Alfred Nobel."
  5. I am faced with what I once thought was a simple question, which is when does a contract end? We are having a difference of opinions on this topic in my office. Some believe that if you have a contract for a specific period of time and you don't get what you paid for then the contract is still valid and can be modified. I believe that the contract ends when the period of performance ends and any modifications to the period of performance have to occur prior to the period of performance ending. Here is an example, a contract for repair of a boat has a period of performance of 12 months and th
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