“How to Forecast Costs” Please respond to the following:
• Infer the main reasons for the high number of government contracting invitations extended for the purpose of obtaining certified cost or pricing data. Speculate on why the invitation is the last item in the gathering of cost and pricing process. Justify your response.
• Provide two to three (2-3) examples of other strategies to use to obtain cost or pricing data in a more accurate fashion. Predict the manner in which these examples could be utilized to also save the government funds. Provide a rationale for your response.
“Certified Costs” Please respond to the following:
• Imagine that a contracting office requests certified cost or pricing data related to your company, VectorCal. Speculate on what would happen to VectorCal in the long term if the cost or pricing data was defective or inaccurate. Provide a rationale for your response.
• Predict the manner in which VectorCal would absorb the certified cost or pricing data expense based on the information presented in Chapter 5. From the e-Activity, present two to three (2-3) examples of instances where companies have absorbed the certified cost or pricing data expenses similarly to your prediction of VectorCal. Speculate on what the manner in which the existing companies absorbed the certified cost or pricing data expenses bodes for the future of VectorCal.