Independent Estimates

Your procurement department might conduct independent estimates (also known as should cost estimates) of the costs of the proposal and compare these to the vendor prices. If there are large differences between the independent estimate and the proposed vendor cost, one of two things is happening: either the statement of work (SOW) or the terms of the contract or both are not detailed enough to allow the vendor to come up with an accurate cost. Or the vendor simply failed to respond to all the requirements laid out in the contract or SOW.

Project Management Made Easy

Project Management Made Easy

What you need to know about… Project Management Made Easy! Project management consists of more than just a large building project and can encompass small projects as well. No matter what the size of your project, you need to have some sort of project management. How you manage your project has everything to do with its outcome.

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