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DoD to deliver $3 billion in accelerated contractor payments over coming weeks

Just over a month ago, the Pentagon told its contracting officers and contract administrators to boost the amount of money it pays vendors in the form of progress payments as one way to increase their cash flow amidst a sagging economy.  And the dollars have indeed started flowing.

As of last week, DoD had made $1.2 billion in additional progress payments because of the higher rates — which rose from 80% to 90% of the total contract value for large companies, and from 90% to 95% in the case of small firms. Ellen Lord, the undersecretary of Defense for acquisition and sustainment told reporters she expected the figure to rise to $3 billion in “the next week or two.”

For context, the department’s outlays for contracts are about $25 billion in total during an average month, making the $3 billion in accelerated payments a not-insubstantial sum. Lord said the added progress payments happened across 1,400 separate contracts, mostly because of a mass-modification the Defense Contract Management Agency processed to boost payment rates.

However, one open question — in the case of large contracts — is how quickly bigger firms are passing the advance payments down through their supply chains. Those figures, Lord said, are more difficult to track.

Keep reading this article at: https://federalnewsnetwork.com/dod-reporters-notebook-jared-serbu/2020/05/dod-to-deliver-3b-in-accelerated-contractor-payments-over-coming-weeks/

The Contracting Education Academy at Georgia Tech has established a webpage where all contract-related developments related to the coronavirus (COVID-19) are summarized.  Find the page at: https://contractingacademy.gatech.edu/coronavirus-information-for-contracting-officers-and-contractors/

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Learn how the government administers contracts during week of Dec. 9th

Before the year’s end, you have the opportunity to attend a week-long course at Georgia Tech that comprehensively covers the federal contract administration process.
The course — Contract Administration in the FAR (CON 090-4) — begins Monday, Dec. 9 and concludes Friday, Dec. 13, 2019.  The course is conducted at Georgia Tech’s world-class Global Learning Center located in Midtown Atlanta.  Registration details are at: https://pe.gatech.edu/courses/con-090-4-contract-administration-far.
Students work in teams to answer questions and solve problems involving contract administration.
Who Should Attend
  • Government contracting officials will learn not only the rules but the best practices in contract administration. And, this course satisfies required FAC-C and DAWIA certification programs.
  • Business people, including those to aspire to become federal contractors, will learn how to use the power of being an incumbent to win future contracts as well as how to protect contractual interests.
How You Will Benefit

You will learn:

  • The fundamental concepts of government contract administration.
  • The rights of the parties when contract performance is not timely.
  • Both the government’s and the contractor’s rights when contract performance comes into question.
  • The policies and procedures for preparing and processing contract modifications.
  • How to apply the requirements of applicable contract clauses in various contracting scenarios.
  • The applicable payment clauses and invoicing procedures.
  • The policies and procedures for filing and processing contract disputes and appeals.
  • The policies and procedures pertaining to the complete or partial termination of contracts for the convenience of the government or for default.
  • All pertinent parts of the Federal Acquisition Regulation (FAR)
Course Content
  • Contract administration basics
  • Contract modifications
  • Administration of selected terms and conditions
  • Delays
  • Quality assurance
  • Payment and cost allowability
  • Disputes and appeals
  • Terminations
  • Closeout
Materials

Each student receives a printed Student Guide, exercises, updated supplemental information, and exclusive access to web-based student resources. A complimentary breakfast is provided each morning, along with snacks throughout each day.

Additional Information

The Contracting Education Academy at Georgia Tech (The Academy) is an approved equivalency training provider to the Defense Acquisition University (DAU) and the Federal Acquisition Institute (FAI).  Our courses satisfy both the FAC-C and the DAWIA certification programs.  The coursework also provides students the opportunity to earn continuing education unit credits (CEUs) for acquisition and government contracting professionals as well as business professionals working for the government or pursuing opportunities in the federal contracting arena.

CON 090-4 is the fourth of four modules in the CON 090 course series entitled Federal Acquisition Regulation (FAR) Fundamentals.  The Contracting Education Academy at Georgia Tech offers the entire CON 090 series in four, one-week classes.  Each module stands on its own, allowing students multiple opportunities throughout the year to complete the entire CON 090 course without the challenge of being away from work or home for a straight month.  Because of Georgia Tech’s unique instructional approach, the four modules can be taken in any order.

More Information and To Register

For more information on this course, please visit: https://pe.gatech.edu/courses/con-090-4-contract-administration-far

 

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Bots could be climbing another rung on the workforce ladder

Bots have been making some headway in the government workforce, performing the kinds of mundane, clerical, routine tasks that make the people who do them feel less than human.
But robotic systems may soon take it up a notch, gaining new responsibilities with basic but essential procurement duties.

The Defense Advanced Research Projects Agency (DARPA) recently issued a request for information looking for robotics and intelligent process automation applications in the commercial sector. The robots would need to perform tasks such as evaluating proposals, automating market research, performing cost and price analyses, carrying out modification actions, and issuing price negotiation memoranda. The Pentagon’s top research arm isn’t proposing that robots run the show or take people’s jobs, but it is talking about the kind of jobs that might move robots up a theoretical pay grade from what they’ve been doing.

DARPA said it wants to look into the possibility of using the “operational efficiency and functional capabilities” of such systems to perform “routine administrative tasks and document generation in the government procurement process.”

Keep reading this article at: https://www.governmentciomedia.com/bots-could-be-climbing-another-rung-workforce-ladder

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Learn how the government administers its contracts during week of June 24th

Now you have the opportunity to attend  a week-long course at Georgia Tech that comprehensively covers the federal contract administration process.  

The course — Contract Administration in the FAR — begins Monday, June 24 and concludes Friday, June 28, 2019. Registration details may be found at: https://pe.gatech.edu/courses/con-090-4-contract-administration-far.

Students work in teams to answer questions and solve problems involving contract administration.
Who Should Attend
  • Government contracting officials will learn not only the rules but the best practices in contract administration. And, this course satisfies required FAC-C and DAWIA certification programs.
  • Business people, including those to aspire to become federal contractors, will learn how to use the power of being an incumbent to win future contracts as well as how to protect contractual interests.
How You Will Benefit

You will learn:

  • The fundamental concepts of government contract administration.
  • The rights of the parties when contract performance is not timely.
  • Both the government’s and the contractor’s rights when contract performance comes into question.
  • The policies and procedures for preparing and processing contract modifications.
  • How to apply the requirements of applicable contract clauses in various contracting scenarios.
  • The applicable payment clauses and invoicing procedures.
  • The policies and procedures for filing and processing contract disputes and appeals.
  • The policies and procedures pertaining to the complete or partial termination of contracts for the convenience of the government or for default.
  • All pertinent parts of the Federal Acquisition Regulation (FAR) having to do with contract administration.
Content
  • Fundamentals of contract administration
  • Contract modifications
  • Administration of selected terms and conditions
  • Delays and how to handle them
  • Quality assurance
  • Payment and cost allowability
  • Disputes and appeals
  • Terminations — for convenience and for default
  • Closeout procedures and requirements
Materials, Resources and Amenities

Each student receives a printed Student Guide, exercises, updated supplemental information, and exclusive access to web-based student resources. A complimentary breakfast is provided each morning, along with snacks throughout each day.

Additional Information

The Contracting Education Academy at Georgia Tech (The Academy) is an approved equivalency training provider to the Defense Acquisition University (DAU) and the Federal Acquisition Institute (FAI).  Our courses satisfy both the FAC-C and the DAWIA certification programs.  The coursework also provides students the opportunity to earn continuing education unit credits (CEUs) for acquisition and contracting professionals as well as business professionals pursuing contract opportunities in the federal contracting arena.

More Information and To Register

For more information on this course, please visit: https://pe.gatech.edu/courses/con-090-4-contract-administration-far

 

By

Learn how the government administers contracts during week of Dec. 3rd

Before the year ends, you have the opportunity to attend  a week-long course at Georgia Tech that comprehensively covers the federal contract administration process.  

The course — Contract Administration in the FAR — begins Monday, Dec. 3 and concludes Friday, Dec. 7, 2018. Registration details may be found at: https://pe.gatech.edu/courses/con-090-4-contract-administration-far.

Students work in teams to answer questions and solve problems involving contract administration.
Who Should Attend
  • Government contracting officials will learn not only the rules but the best practices in contract administration. And, this course satisfies required FAC-C and DAWIA certification programs.
  • Business people, including those to aspire to become federal contractors, will learn how to use the power of being an incumbent to win future contracts as well as how to protect contractual interests.
How You Will Benefit

You will learn:

  • The fundamental concepts of government contract administration.
  • The rights of the parties when contract performance is not timely.
  • Both the government’s and the contractor’s rights when contract performance comes into question.
  • The policies and procedures for preparing and processing contract modifications.
  • How to apply the requirements of applicable contract clauses in various contracting scenarios.
  • The applicable payment clauses and invoicing procedures.
  • The policies and procedures for filing and processing contract disputes and appeals.
  • The policies and procedures pertaining to the complete or partial termination of contracts for the convenience of the government or for default.
  • All pertinent parts of the Federal Acquisition Regulation (FAR) having to do with contract administration.
Content
      • Fundamentals of contract administration
      • Contract modifications
      • Administration of selected terms and conditions
      • Delays
      • Quality assurance
      • Payment and cost allowability
      • Disputes and appeals
      • Terminations
      • Closeout
Materials, Resources and Amenities

Each student receives a printed Student Guide, exercises, updated supplemental information, and exclusive access to web-based student resources. A complimentary breakfast is provided each morning, along with snacks throughout each day.

Additional Information

The Contracting Education Academy at Georgia Tech (The Academy) is an approved equivalency training provider to the Defense Acquisition University (DAU) and the Federal Acquisition Institute (FAI).  Our courses satisfy both the FAC-C and the DAWIA certification programs.  The coursework also provides students the opportunity to earn continuing education unit credits (CEUs) for acquisition and contracting professionals as well as business professionals pursuing contract opportunities in the federal contracting arena.

More Information and To Register

For more information on this course, please visit: https://pe.gatech.edu/courses/con-090-4-contract-administration-far

 

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