Once a contractor is awarded a contract, it typically sets up budgets for the work to be performed. At first, budgets are very rough estimates of what the contractor believes it will take to perform the task (or sub-task) but as the work progresses, the budgets become more refined.
New Regulation Formalizes Ombudsman Practice and Identity for IDIQ Contracts
An ‘ombudsman’ is an official charged with addressing and/or investigating the interests of individuals’ or companies’
