A key area of government financial coverage is the function that the government gives to the state in the financial system. Between 1945 and 1979 the federal government more and more interfered within the economy by creating state run industries which normally took the type of public companies. Nevertheless, from 1979 onwards we saw an period of privatisation in which industries have been bought off to private shareholders to create a extra aggressive enterprise setting.
Upon receipt of negotiation confirmation from the contractor and the Certificate of Current Value and Pricing, if required, the PCO and his staff prepare the contract document. The doc is forwarded to the contractor for review, approval and signature. The PCO then indicators the contract and returns a replica of the fully executed doc to the contractor. You are now licensed to start work. The government is obligated for the full quantity of the contract …Continue reading