Profitability

New Contract Award, Now What?

Between now and September 30, ‘Tis the season for the Government to issue Contract Awards. After award, there are some requirements that a company must perform and endeavors that the Company can perform for a smooth transition and execution, especially if they were not the incumbent. This article focuses on two—an External and Internal Kick-Off. …

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How to Use an Estimate-At-Completion (EAC)

An Estimate-At-Completion (EAC), also known as Estimate-To-Complete (ETC), is an estimate of the amount of hours that it will take to complete a project, milestone or contract period. (For simplicity I am using completion an option period as the example.) An EAC allows companies to determine whether there are enough hours (which translates to funding) …

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