Profitability

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How to Maintain a New Hire’s Enthusiasm

P.S. This can raise your bottom line The HR Department works hard to find superb candidates and conveys the benefits, bonuses, positive culture, career growth, etc. of working for their company. The HR Representative offers the best candidate a position; and the candidate accepts and signs the offer letter. While some may view this as …

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Advantages of Utilizing a Contracts Manager and When to Contact an Attorney

There are advantages to utilizing a Contracts Manager (CM). However, there are also situations when the best advice is to call a lawyer. Below are examples of both: Advantages to Using a Contracts Manager (CM): CMs can save your company money! They can negotiate subcontracts and teaming agreements (TAs) in a more cost-effective manner than …

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Government Spending and Contract Funding: Did you know…?

I recently went to an Appropriation Law Seminar and thought you might find this information useful. • For Procurement purposes, you can check whitehouse.gov/omb/budget to find out about the President’s budget for the current fiscal year. (Most of the Government websites reflect previous fiscal years.) • An appropriation, budget authority to incur an obligation, can be for …

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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 Finding a Great Recruiting Partner Can Increase Your Revenue …Fast!

Congratulations the company has just been awarded a government contract for services! “Yipee”, “yahoo”…you do the happy dance around the office for a few minutes and then realize “Oh my goodness, I have no idea how we are going to recruit for these openings and get them filled so quickly”. This is all too often …

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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 of an option period as the example.) An EAC allows companies to determine whether there are enough hours (which translates to …

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