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Job Order Contracts: Managing Indefinite Contracting Processes and Profitability 
Date/Time:
August 14, 2013   3:00pm - 4:00pm
 
Format:
       
  Synced Audio / Video / Slides
 
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Job order contracts can be important revenue opportunities for contractors, given the right market and resources. However, work performed under job order contracts may not be quantifiable upfront and often involves many financial unknowns. Contractors can end up breaking even or taking a loss due to incomplete financial record keeping and billing.

In order to manage profitability throughout the contract period, the contractor must establish a system to continually monitor costs and revenue. This can be achieved through the use of financial measurement tools and analytical processes that allow for better decision making during the life of the contract. Timelines, communication, and other factors also play an important role in the accuracy and utilization of the contract data.

In this 60-minute Webinar we will explore job order contracting from a financial performance reporting perspective as well as address such questions as–How can a contractor accurately bid on a job order contract? and What are the risks and opportunities for winning this type of work in the current economy? –to help you make the best decisions that will ensure your company’s profitability.

After this session, you will be able to:
  • Discuss job order and indefinite demand/indefinite quantity (IDIQ) contracts, how they work and add profitability;
  • Identify accounting and reporting challenges that job order contracts present, and how to maneuver them;
  • Demonstrate effective management of profitability throughout the contract period.

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