Contracts are an integral part of financial, compliance, and business development processes. Effective contract management mitigates material enterprise risk, improves cash collections, and reduces wrap rates.

Various departments throughout the organization need vital information from Contracts and it is almost always time sensitive and with little notice. While a data call may not always be “urgent,” a lack of proper tools and resources can lengthen the necessary lead time.

Lowest Price Technically Acceptable (LPTA) procurements began to gain popularity in 2007 due to limited agency budgets. They grew to become some of the most widely used source selection methods by the Department of Defense (DoD) and were also quite common in the civilian space. The pricing pressures resulted in low-ball bids and negatively impacted quality.

Training Opportunities for Both Industry and Government

Compusearch had the honor of sponsoring the Government Contract Management Symposium (GCMS) for another year. The two-day symposium consisted of keynote addresses and breakout sessions to provide training to both government and industry contract professionals. GCMS was presented by the National Contract Management Association (NCMA), the largest professional resource for contract management, which helps bring together over 1,000 attendees every year at the conference.

Are you on the fast track?  Panel discussions with GovCon Contracts Leaders unearthed several steps you can take to make a true impact on your organization.