Institutional Framework of Federal Acquisitions
Government agencies rely heavy on contracting officers to obtain goods and services at fair prices and in a timely manner. This is possible with the billions of dollars tax dollars entrusted to them annually. Evidently, it is necessary for purchasing agencies along with the Government Accountability Office (GAO) and the Federal Acquisition Regulation (FAR) to create accountability in organizations and continue to improve weaknesses in key areas of federal acquisition (Cameron, 2000).
Importance of fixed price contracts in creating effective, efficient, and accountable acquisition planning
Fixed price contracts refers to contracts that do not need further discussions and engagement in fixing the prices of commodities to be acquired or transferred by an organization. In this contract, a negotiable amount is agreed upon no matter the expenses incurred by the contractor. Fixed price contracts reduce cases of fraud and manipulation of the prices of goods and services under transfer by the Federal Acquisition Regulation agencies. Agencies fix their prices in order to reduce cases of fraud, mistrust, and enable an agreeable pricing of transport and communication costs between the contractor and the government....
Institutional Framework of Federal Acquisitions The fixed price contract is a vital element in creating effective, efficient, and accountable acquisition planning. Fixed pricing is typically used when the product or service being purchased is fairly easy to determine a fair market value. For example, a fixed price contract might be used to purchase office equipment because the price structure isn't subject to much fluctuation. It also is efficient because it cuts
Federal Government has increased its presence in many ways in the last decade and has supplied much of the economy with its own purchases. These government acquisitions are important because they represent the collective buying power of the American people. The purpose of this essay is to examine the system of regulation that supplies the rules to government purchase entitled the Federal Acquisition Regulation (FAR). To demonstrate the practical
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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Delphi Study: Influence of Environmental Sustainability Initiatives on Information Systems Table of Contents (first draft) Green IT Current Methods and Solutions Green IT and energy costs Green It and Email Systems Green IT and ICT Green IT and ESS Green IT and TPS Green IT and DSS Green IT and other support systems Green IT and GHG reduction Green IT and the Government Sector Green IT and the Corporate Sector Future Prospects of Green IT in the software industry The paper focuses on how the
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