Unless you’re a very large contractor, you may not have heard of “should-cost” reviews. Should-cost reviews are a specialized form of cost analysis. They differ from traditional evaluation methods in that they don’t assume that historical costs reflect efficient and economical operation. Instead, should-cost reviews evaluate the economy and efficiency of the contractor’s existing work force, methods, materials, equipment, real property, operating systems, and management.
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’