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Contract Pricing and Negotiations: Current Administration Procurement Agenda and Major Trends

   

Added on  2019-09-30

6 Pages893 Words131 Views
Contract Pricing and Negotiations

IntroductionIn this present paper, we will discuss the current administration procurement agenda. The paper also describes the major trends which influence the acquisition and important challenges that are faced as the administration tries in order to improve the values it receives for the money it spends.Current administration procurement agendaThe current administration agenda includes current administration and the implementation of national institutes of health. It includes the government-wide initiatives which comprise of shared services and department initiatives which comprise of human resource, acquisition, information technology, and travel. The international trade Centre advises developing the effective procurement system which supports the goals of the policy which are developed by the government. The current agenda is to improve the public procurement system through the comprehensive legal framework, effective monitoring and procedure of auditing and organization which ensures compliance with regulations, standard conditions, and term of the contract, improves the availability of public rules in order to improve the transparency, and others. The government spent approximately 20 percent of the gross domestic product of the company. The efficient procurement strategy has an immense effect on the growth, governance, transparency and investment. The management agenda include four sections, namely, people andculture, efficiency, effectiveness, and economic growth. The people and culture agenda include the enhancement of high-performance, building world class team and the hiring process from all over the society (Khan et al., 2014). The effectiveness agenda is improved through improving the

key transactions and smarter information technology delivery. The efficiency is improved through strategic sourcing, shared services, drive productivity, cost savings and benchmarks. Theeconomic growth is done through turbocharge open data and accelerate lab to market. Major trends to improve the valuesFollowing are the four major trends:1.The dismantling of acquisition workforce2.Adapt to seismic change3.The post-millennial spending binge4.The inevitable results which include criticism and scandal The trends consider cost reimbursement contracting, outsourcing and insufficient competition. Inthe year 2009, a presidential memorandum on the government contracting articulates which enables to generate significant savings and shows the costs which are inefficient, wasteful and subject to misuse (Howlett et al., 2016). The policies were expanded by the administration whichincludes mandatory savings, provide guidance in order to improve the management of the multi-sector and injected rigor to the ineffective process of the government which enables to improve the performance of the contracts. Following are the five challenges which are faced by the publicprocurement system:1.Stabilization and restoring of acquisition workforceIt includes the challenges to attract the right talent, meeting the demands of government with the high qualified talent, provide training to the new acquisition professionals, and others.

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