IBM's indirect costs would consist of three aspects pertaining mainly to time, fraud and unexpected occurrences. The first indirect cost of time creates large expenses with IBM. The larger each individual employee takes to complete his task, the more expensive the services rendered by IBM become. This is because the contract has a set time frame. If the time frame for the contract is exceeded, IBM will incur a bulk to the expenses related to such inefficiencies. This could potentially reduce the overall return of the project. Fraud can also occur as employees could utilize technology or knowledge of the data centers to use for their own personal use. This could include selling the information to foreign entities or IBM's direct competitors. The employee could also retain the information to commit personal acts of fraud against the United States such as hacking the system. Finally, undoubtedly with projects of this scope, unexpected events will occur. Employees can become sick, the data centers can malfunction, and the delivery and quality of service can be compromised. As such, the costs associated with such events can be tremendous. Key personnel suddenly becoming ill can have an adverse effect...
These occurrences are unexpected as there is no physical way to alleviate illness related absence. These absences of key personal increase costs as work will not get done as efficiently or in the manner in which the government specifies. This creates problems as the individual must now correct mistakes made in his absence while also getting the project back on track in regards to time.
Federal Contracts Awarded to Boeing Company: Boeing Company is the largest aerospace company across the globe and the leading manufacturer of commercial defense and jetliners, space and security systems. In addition to being a top exporter in America, the Boeing Company supports airlines and the United States and allied customers in 150 nations worldwide. The company's position in the aerospace industry originates from its long tradition of aerospace innovation and leadership.
Federal Contracting Activities and Contract Types- Dell Inc. Dell Inc. was founded by Michael Dell who ventured into business as a freshman at the University of Texas in Austin. He realized that the branded models of computers were expensive and not many could afford them. He ventured into the business of buying the computer parts which he assembled in clones of IBM computers and sold to the consumers directly through the mail.
FCC & EEO Federal Contract Compliance & EEO Many foreign cultures associate the words United States of America with the vision of freedom and equality. People of many different races, disabilities and creeds have come to the United States seeking the impartiality upon which this country was founded. However, the road to these favorable conditions of today has not been easy. The relentless pursuit of equality by Americans is written in history
Federal Budget Process Every year the federal administration is involved with a total revenue and expenditure of about 1.5 trillion USD as a matter of fiscal practice. (Keith, 1996) The budgetary strategy of the federal administration is an integration of the guidelines that the policy makers, legislator, bureaucrats apply for designing, continuing, regulating and accounting fro the expenditure and revenue strategy. Normally the budgetary strategy involves formulation of the budget of
GD Contract Federal contacts play a very large and important role in the economic sectors of our society. Knowledge about these contracts can assist students in learning about the processes that occupy most of the nation's economic resources. Military spending provides the bulk of all federal government spending and most of this money is processed through contracts. The purpose of this essay is to examine General Dynamics Corporation and give an account
awarding audit contracts by U.S. government departments and agencies Audit Management Red Rationale for and Objectives of the project main and secondary Desktop or literature search Rationale for Search Methodology LITERATURE/DESKTOP RESEARCH Authoritative sources Desktop Findings Justification for audits Evolving role of auditors Types of audit contracts Understanding the Audit Process Best practices and benchmarking Terminology Case Studies Audit management is a fundamental element in government accountability, control and performance management. Certainly there is justification within the Federal government to conduct audits of contracts for the
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