With the prevalence of incurred cost and voucher audits, a DCAA auditor will look for proof of a work authorization process when reviewing your contract pricing proposals. While there’s no specific regulation requiring your company to incorporate work authorizations as part of your labor (cost estimating) system, DCAA auditors will likely call an accounting system “inadequate” by citing disclosure deficiencies if they see you failed to follow a work authorization process.
So, your proposal team has started streamlining your bid proposal process with PROPRICER – that’s great news! But you know they could do even more if they had a bit more familiarity with the tool.
There are many reasons PROPRICER is the market-leading estimating and bid proposal system for both government contractors and agencies; here are three problems – and their PROPRICER solutions – that underscore why so many customers turn to PROPRICER for their bid proposal needs.
The U.S. Government Accountability Office (GAO) developed the GAO Cost Estimating and Assessment Guide to establish a consistent methodology based on best practices for use across the federal government for developing, managing, and evaluating capital program cost estimates.
Like most government agencies, you look for ways to reduce the time and effort required to review contractor bids, but it’s a challenge. Contractors submit bids with inconsistent formatting, formula errors, missing calculations, and other issues that require you to double – and sometimes triple – check the numbers, which drains resources and takes too long.
Why wrestle with complex bid proposals for days or weeks when you can go from start to finish in just a matter of hours? That’s what one pricing team asked themselves before permanently changing the way they develop bid proposals.
If your pricing organization develops tens or hundreds of complex bid proposals per year, you recognize the challenge of balancing rapid proposal development with proposal quality and consistency – except you shouldn’t have to strike that balance. You should have it all: speed, accuracy, quality, and consistency.
And you can.
“Hit or miss” accuracy is the bane of pricing analysts. A lack of consistent accuracy can slow bidding processes from days to weeks and put companies at risk of having their proposals rejected – unless they have the right proposal pricing and cost estimating solution in place. When attempting to submit timely and accurate pricing proposals to the federal government, you likely recognize the challenge of developing proposals that are fast, accurate, and consistent across multiple projects.
For government contractors, the quoting process drives your business growth, so having the right pricing system in place is a must. For that reason, many companies have kicked Excel to the curb and are replacing it with either their homegrown pricing system or purchasing a purpose-built system, such as the market leading one from PROPRICER.
